August 29, 2001 HORSHAM, Pa. – General Growth Properties Inc. (NYSE:GGP) has received $115 million in permanent financing from GMAC Commercial Mortgage for a portfolio of three shopping centers. The 10-year loan carries a 30-year amortization schedule. The properties are: ...
August 27, 2001 KING OF PRUSSIA, Pa. – Principal Capital Management has provided $16 million of permanent financing for the Henderson Square Shopping Center in King of Prussia, a suburb of Philadelphia. Henderson Square LP, controlled by retail developer Kravco ...
Philadelphia has become an active market in terms of office building offerings. Two Liberty Place, one of the biggest in the city, is the latest to hit the block. But there are a couple of hitches.
August 23, 2001 PITTSBURGH – A short list of prospective developers have been selected from about 100 vying for the right to develop the land between PNC Park and Heinz Field, homes of the Pittsburgh Pirates and Steelers, respectively.The developers ...
August 14, 2001 PHILADELPHIA – Zurich Structured Finance Inc. has taken a majority interest in Mellon Independence Center, an 811,180-square-foot landmark office and retail complex in Center City.The deal makes Zurich, the New York finance arm for Switzerland-based Zurich Financial ...
Retail plaza at 350 Scarlett Road is fully leased and anchored by Giant Food Supermarket.
aka the Packard Building; 25-story building has traded hands 3x in nearly as many years.
at 1500 John F. Kennedy Blvd.
July 24, 2001 Special to Commercial Real Estate DirectGeneral Motors Corp. has received initial bids for nearly 2.6 million square feet of distribution properties on a total of 170.2 acres in key markets around the country including Philadelphia; Ft. Worth, ...
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.
