State: Pennsylvania - PA

April 30, 2001 RIDLEY, Pa. – Harper Associates has received a $12 million conduit loan for the Ridley Shopping Center from Deutsche Bank Mortgage Capital LLC. Proceeds will be used to refinance the retail center, at the intersection of Morton ...

April 18, 2001 Commercial Real Estate Direct Staff ReportPHILADELPHIA – RAIT Investment Trust (Amex:RAS) said it raised more than $36 million from the sale of 2.8 million of its common shares in an offering that priced March 22.Of the 2.8 ...

April 16, 2001 Two Penn Center and 11 Penn Center in Philadelphia's central business district are being put up for sale. According to the Philadelphia Business Journal, CB Richard Ellis has been hired by the owner of 11 Penn, the ...

April 11, 2001 DALLAS - Prentiss Properties Trust (NYSE:PP) and Brandywine Realty Trust (NYSE:BDN) have completed their asset exchange.Brandywine has acquired all of the operating assets of Prentiss in Delaware, New Jersey and Pennsylvania, and Prentice has acquired all of ...

The former tuxedo factory is the latest in a string of Center City redevelopments, spurred by a 1997 city tax abatement program to turn empty industrial buildings into apartments. Plans for the rest of the empty block will be revealed ...

March 30, 2001 MECHANICSBURG, Pa. – Keystone Property Trust (AMEX:KTR) has sold a distribution center to an unidentified major institutional investor for $27 million, or $45/sf.Hershey Foods Corp. occupies the 597,100-square-foot facility at 101 Commerce Drive under a long-term lease.Keystone's ...

March 30, 2001 MALVERN, Pa. - Liberty Property Trust (NYSE:LRY) has purchased the 60-acre Quarry Ridge site at the corner of Route 29 and Swedesford Road. Plans for the site call for a $50 million development, which will include a ...