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 ...
Commercial Property Executive Empire Realty Investments Inc. has sold the 109,057-square-foot Bensalem Shopping Center in suburban Philadelphia for $20.1 million, or $184.31/sf. The price results in a 6.41% capitalization rate. The sale was arranged by JLL Capital Markets, which also ...
Fundamental Income has paid $41 million, or $170.12/sf, for the 241,000-square-foot cold-storage warehouse at 2701 Red Lion Road in Northeast Philadelphia. The Phoenix investment manager bought the property from Quaker Valley Foods of Philadelphia, which is leasing it back under ...
BisNow Cirro Global has signed a lease for 517,641 square feet at the 15 million-sf Keystone Trade Center industrial complex in Fairless Hills, Pa. The property is owned by Northpoint Development of Kansas City, Mo., which was represented in the lease ...
The Lakewood, N.J., investor bought the 11-story property, just outside of Fairmount Park and near City Line Avenue, a major area thoroughfare, from DePaul Group of Blue Bell, Pa. Duffield House generated $1.87 million of net operating income in 2023, ...
Philadelphia Business Journal Fundamental Income has paid $41 million, or $170.12/sf, for the 241,000-square-foot cold-storage warehouse at 2701 Red Lion Road in Northeast Philadelphia. The Phoenix investment manager bought the property from Quaker Valley Foods of Philadelphia, which is leasing ...
Commercial Real Estate Direct Staff Report The Oaktree Capital Management fund that owns the 617,476-square-foot Duane Morris Plaza office building in downtown, or Center City Philadelphia, didn't make the February debt-service payment on the property's $105.3 million loan. The loan, ...
ConnectCRE Naftali Credit Partners has provided $45.5 million of financing against the 132-unit Linden apartment property at 4224 Baltimore Ave. in Philadelphia's University City neighborhood. Naftali, of New York, syndicated a $33 million senior portion of the financing to Israel ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
