State: Pennsylvania - PA
Ceebraid-Signal, Transwestern Close Deal for Apartments in Wyncote, Pa.
May 29, 2001WYNCOTE, Pa. – Ceebraid-Signal Corp. and Transwestern Investment Co. LLC have purchased the Cedarbrook Hill Apartment Homes for an undisclosed amount.The 40-acre community, at 8480 Limekiln Pike, features two 15-story towers and one 14-story tower.The property has about ...
First Union Provides $34.4Mln Financing for Pa. Multifamily Complex
May 24, 2001 By Christina Caprio, Commercial Real Estate Direct Staff WriterMALVERN, Pa. – Korman Communities has received $34.4 million from First Union to refinance a 275-unit apartment complex.The 10-year, fixed-rate loan amortizes over 30 years and carries a 7.6 ...
Transwestern Team Buys Big Philly Area Apartments
The opportunistic investment firm is leading a venture that paid $90 million for the Cedarbrook Hill Apartments in Montgomery County, just north of Philadelphia. AIG provided what could amount to $80 million of interim financing for the purchase.
Boston Capital Provides $57Mln of Preferred Equity to Rubenstein
The investment firm has made a preferred equity investment in the Radnor Financial Center, which Rubenstein Co. recently acquired. A lender group led by Wells Fargo, meanwhile, provided the bulk of the debt financing for the Radnor, Pa., property.
Denver Realty Receives $19.5Mln for Denver, Pa., Building
May 10, 2001DENVER, Pa. – Denver Realty Associates LLC received $19.5 million in acquisition financing for a single-story industrial building.L.J. Melody & Co. arranged the 10-year, fixed-rate loan for 10 Weaver Road, through an undisclosed New York bank. The distribution ...
Archon Provides $28.2Mln Mortgage for Pa. Warehouse
May 9, 2001DALLAS – Archon Financial has provided $28.2 million of mortgage debt for a distribution facility in Carlisle, Pa., that is net leased to Ames Industrial.The mortgage, which was arranged by Cohen Financial's Deerfield, Ill., office carries a 10-year ...
Industrial Property Trading Heats Up in Pa., Says C&W
May 8, 2001 Cushman & Wakefield has recently brokered the sales of two properties totaling 1.23 million square feet of warehouse/distribution space in suburban Pennsylvania. First Industrial Trust Inc. sold a 630,000-sf building to Denver Realty Associates LLC in Lancaster, ...
Arbor, Deutsche Provide $12Mln Loan for Pa. Retail Center
May 3, 2001 UNIONDALE, N.Y. – Arbor Commercial Mortgage LLC have provided $12 million of mortgage financing for the Ridley Shopping Center in Ridley, Pa.The fully amortizing 16-year loan carries a rate of 7.33 percent. It was purchased by Deutsche ...
Riddler Receives $9.7Mln From Freddie Mac
May 2, 2001 SECANE, Pa. – Riddler Associates received $9.7 million in fixed-rate permanent financing through the Freddie Mac Program Plus for a 266-unit apartment complex. The Laurel Manor, at 1250 Providence Road, consists of nine two-story buildings. GMAC Commercial ...
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