City: Philadelphia

Commercial Real Estate Direct Staff Report The $32.43 million CMBS loan against the 151-unit Brush Factory Lofts apartment property in South Philadelphia, which has been chronically delinquent, was recently reclassified as being in foreclosure. The loan, securitized through Benchmark Mortgage ...

Philadelphia Inquirer The former Franklin Mills Mall has been placed on the sales block through JLL Capital Markets. The move is not surprising as the property's owner, Simon Property Group, placed the 1.58 million-square-foot shopping mall in its "other properties" category ...

Brown's Real Estate has paid $30.8 million, or $311.17/sf, for Shoppes at Wissinoming, the 98,982-square-foot shopping center at 5597 Tulip St. in Northeast Philadelphia. The Westville, N.J., investor, which owns and operates 14 ShopRite grocery stores in the Philadelphia area, ...

Alternative lender 3650 Capital has provided $37.5 million of financing to fund the completion of the 177-unit Viking Mill Apartments in Philadelphia's East Kensington neighborhood. The property, a former textile mill factory constructed in 1892, is being redeveloped into apartments ...

Commercial Real Estate Direct Staff Report A venture of FLD Group and the Adjmi family has paid $83.1 million, or $237.66/sf, for the 349,659-square-foot office property at 161 Washington St. in Conshohocken, Pa. The venture, operating as Blue Water Tower ...

Commercial Real Estate Direct Staff Report The owner of One South Broad St. in downtown, or Center City, Philadelphia was unable to sell the property and is not expected to stand in the way of a foreclosure effort by the ...

Accesso Partners committed to pony up $7 million of fresh equity into the 502,217-square-foot 1515 Market St. office building in downtown, or Center City, Philadelphia to win a two-year extension of the property's $57.1 million loan. As part of its modification, ...

Commercial Real Estate Direct Staff Report The CMBS trust that holds the $188 million loan against the 850,209-square-foot 1700 Market St. office building in downtown, or Center City, Philadelphia has initiated foreclosure efforts. The floating-rate loan is securitized through BSST ...

Commercial Real Estate Direct Staff Report Wells Fargo Bank and JPMorgan Chase Bank have provided $475 million of mortgage financing against a pair of office/lab buildings in Philadelphia and Pittsburgh owned by a Ventas Inc. venture. The five-year loan is ...

Commercial Real Estate Direct Staff Report The $57.21 million CMBS loan against the 502,217-square-foot 1515 Market St. office building in downtown, or Center City, Philadelphia, has been extended by another two years. The loan, securitized through JPMBB Commercial Mortgage Securities ...