City: Philadelphia

SteepRock Capital has provided $28.5 million of financing for the development of the 132-unit Mi-Place at Media apartments in the Philadelphia suburb of Media, Pa. The property is being developed at the intersection of Pennell and Old Pennell roads by ...

Philadelphia Business Journal Time Equities Inc. has paid $23.1 million, or $82.49/sf, for the 280,025-square-foot Lindenwood Corporate Center office complex in the Philadelphia suburb of Malvern, Pa. The New York investor bought the five-building property from Bridge Investment Group of ...

Commercial Real Estate Direct Staff Report Temple University evidently will vacate the 130,213 square feet it occupies at 1515 Market St. in Philadelphia, putting the 502,217-square-foot office building's $57.7 million CMBS loan at greater risk of default. The college houses ...

Commercial Real Estate Direct Staff Report The Oaktree Capital Management fund that owns the Duane Morris Plaza in downtown, or Center City, Philadelphia has negotiated a two-year maturity extension for the 617,476-square-foot office building's $105.3 million loan. The mortgage, which ...

Commercial Real Estate Direct Staff Report Equus Capital Partners has paid $73.13 million, or $317,956/unit, for Jacobs Woods, a 230-unit apartment property in Lansdale, Pa., about 30 miles north of Philadelphia. The Newton Square, Pa., investor acquired the property from ...

The Philadelphia area recorded 1.1 million square feet of leasing in the first quarter, up from 900,000 a year ago. Availabilities declined. But leasing was only part of the reason. The region's inventory fell by 2.7 million sf.

Philadelphia Business Journal Welltower Inc. has paid $27.4 million, or $142,708/unit, for Anthology Senior Living, a 192-unit seniors-housing property in the Philadelphia suburb of King of Prussia, Pa. The Toledo, Ohio, REIT bought the building from CA Ventures of Chicago. ...

Shorenstein has been unable to strike a deal to modify terms of the $222.9 million mortgage against the 999,828-square-foot office building at 1818 Market St. in downtown, or Center City, Philadelphia. The loan's special servicer will now seek to get ...

Abrams Realty & Development has paid $34.25 million for the Exton Square Mall in the Philadelphia suburb of Exton, Pa. The Elkins Park, Pa., developer acquired the property from Pennsylvania REIT Inc. of Philadelphia in a deal arranged by JLL ...

Arbor Realty Trust has provided a $42 million of financing to fund the conversion of the 500 West Germantown Pike office building in the Philadelphia suburb of Plymouth Meeting, Pa., into 149 apartment units. The 175,000-square-foot office building will be ...