State: Pennsylvania - PA

Wolfson-Verrichia has tapped GMAC Commercial to help find $68 million of permanent financing for an 800,000-sf retail development in the Philadelphia suburbs.

August 11, 2000 NEW YORK – Fitch recently upgraded most of the classes in Credit Suisse First Boston Mortgage Securities Corp.'s $187 million 1997-SPICE following its annual review of the transaction, which closed in December 1997.The upgrades were made as ...

Amerimar Enterprises and Archon Group, which separately acquired properties in Philadelphia that they plan to convert into carrier hotels, are looking for financing to complete renovations.

The recently renovated Wanamaker Building, one of the first department stores in the world, is again up for sale. Since its last acquisition, the enormous structure has seen big changes. It could go for $150 million.

The 1.8 million-sf Novartis Pharmaceuticals campus in northern New Jersey was sold to Schering-Plough Corp., another large drug firm. Meanwhile, bids were due this week on a 1.5 million-sf complex just outside Philadelphia, owned by Wyeth-Ayerst.

July 13, 2000 JOHNSTOWN, Pa. – Crown American Realty Trust (NYSE:CWN) sold its only non-enclosed shopping center for $5 million.The property, Greater Lewistown Plaza in Lewistown, Pa., contains 171,000 square feet. Tenants include a small JCPenney store and a grocery ...

July 10, 2000 HORSHAM, Pa. – GMAC Commercial Mortgage has arranged $10.2 million of financing for two Pennsylvania properties.National Life of Vermont received $6.4 million of financing for the Dutton Mill office/warehouse complex on Turner Way in Aston, Pa. The ...

Willard Rouse, founder of Liberty Property Trust, is again attempting to alter the skyline of the nation's first capitol, senior-level sources say. The REIT is in talks to buy a parking lot on which it would construct an office high-rise.