State: Pennsylvania - PA
Keystone Pays $55.6Mln for Pa. Industrial Property
December 27, 2001 ALLENTOWN, Pa. – Keystone Property Trust (NYSE:KTR) has paid $55.6 million for an 11-building warehouse/distribution property here that it had been managing.The West Conshohocken, Pa., REIT bought the 1.4 million-square-foot Westpark Business Center from J.P. Morgan Investment ...
Host Marriott Sells Pittsburgh Marriott to Shaner
December 21, 2001 Commercial Real Estate Direct Staff ReportHost Marriott Corp. (NYSE:HMT) has closed on the sale of the Pittsburgh Marriott City Center hotel to the Shaner Hotel Group. While a price was not disclosed, it is believed to have ...
Sofitel Philadelphia Hotel
the purchase includes the assumption of a $56.1 million mortgage that matures in 2012.
Lincoln National Provides $14.8Mln for Summit Towne Center in Pa.
November 27, 2001 ERIE, Pa. – Lincoln National has provided roughly $14.8 million to the owners of the Summit Towne Center.The 10-year, fixed-rate financing refinances prior debt on the property, which was also provided by Lincoln. Terms could not be ...
CSFB Provides $65.5Mln Financing for Pa. Power Center
November 14, 2001 Commercial Real Estate Direct Staff ReportCredit Suisse First Boston has provided $65.5 million of permanent financing for the Metroplex Shopping Center, a power center in Plymouth Meeting, Pa., a suburb of Philadelphia.The property's owner, a partnership led ...
The Galleria
High end retail center had been listed for $33Mln in 1999. It's 88% leased. Should close by Jan 2002.
Exelon Corp. Offices
The rwo-building office complex is leased to Exelon Corp.
Owners Close Historic Poconos Resort, Consider Sale
October 30, 2001 MOUNT POCONO, Pa. – Mount Airy Resort, a Poconos vacation destination for more than a century, closed shop yesterday.The owners of the 1,174-acre resort are considering a number of options, including repositioning the property or selling all ...
Kramont to Buy Pa. Retail Center for $18.9Mln
October 24, 2001 ALLENTOWN, Pa. – Kramont Realty Trust (NYSE:KRT) has signed a letter of intent to buy the Village West Shopping Center for about $18.9 million.The acquisition is in the form of an exchange of partnership interest in Cedar ...
About
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.
