State: Pennsylvania - PA

Affinius Capital has provided $145 million of mortgage financing against the 255-unit Josephine apartment property in Philadelphia's Rittenhouse Square neighborhood. The loan was arranged by Newmark and allowed the property's developer, Southern Land Co., to pay off a $112 million construction ...

Commercial Real Estate Direct Staff Report Haverford Retail Partners, which late last year paid $126 million for a portfolio of three retail properties with 767,546 square feet, funded its purchase with an $81 million loan from Citigroup. Part of the loan ...

Philadelphia Business Journal PMC Property Group, which is converting parts of two office buildings in Philadelphia into apartments, has agreed to buy the 1.76 million-square-foot Centre Square office building and is expected to pursue a similar strategy. The local company ...

Commercial Real Estate Direct Staff Report David Werner Real Estate Investments, which three years ago purchased the Arcola Corporate Campus, comprised of 14 laboratory and research and development buildings with 1.85 million square feet from Pfizer Inc. in the Philadelphia ...

Banco Inbursa has provided $150 million of financing to fund the construction of the 620-unit first phase of the Wharton Piers mixed-use project along the Delaware River in Philadelphia. The project is being developed by Brevet Capital, a New York ...

PCCP LLC has paid $141.6 million, or $116.52/sf, for the 1.21 million-square-foot industrial property at 3419 Ritner Highway in the Cumberland County, Pa., town of Newville, about 34 miles southwest of Harrisburg, Pa. The Los Angeles investor acquired the property ...

PRP Real Assets is offering for sale the 492,122-square-foot Cencora HQ at SORA West office building in Conshohocken, Pa. JLL Capital Markets has the listing for the 11-story property at 1 West 1st Ave., about 15 miles northwest of Center ...

Commercial Real Estate Direct Staff Report The Philadelphia area office market recorded 113,422 square feet of negative absorption last year, according to Newmark, marking the area's fifth straight year of negative absorption. The chronic negative absorption, or the vacancy of ...