State: Pennsylvania - PA
GMAC Provides $10.2 Mln of Financing for Pennsylvania Properties
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 ...
Liberty Property Planning Office Tower in Surging Philadelphia Market
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.
California’s Oaktree Capital Buys Philly Office Tower
Oaktree Capital Management of Los Angeles has purchased the United Engineers Building in Philadelphia's central business district. It's been on the market for more than a year and a half.
Ever-growing JMB Associates Lands Another Bronx Project
Development and construction management firm Jeffrey M. Brown Associates is at work on two big projects in the Bronx, while finishing up on an ambitious, fast-track office and parking facility in Jersey City.
Related Capital Arranges $10.5 Mln Equity Financing for Philly Property
June 19, 2000 NEW YORK – Related Capital Co. has arranged $10.5 million of historic tax-credit funding allowing Dranoff Properties to invest in the rehabilitation of a University City property in Philadelphia. The property is slated to become the Left ...
First Spec Building in Philly in 8 Years Nearly Full
June 12, 2000 PHILADELPHIA – The first speculative office building to go up in Philadelphia in eight years is now 90 percent leased.The 140,000-square-foot building at 3701 Market Street is one of five that University City Science Center, a consortium ...
Redevelopment of Philadelphia Building Into Hotel Begins
June 7, 2000 PHILADELPHIA – Granite Penn Square LLC has begun construction of a $50 million Residence Inn by Marriott at One East Penn Square – marking the final stage of renovations of the Penn Square buildings surrounding City Hall.The ...
American Retirement Acquires Philadelphia Area Retirement Community
June 2, 2000NASHVILLE, Tenn. – American Retirement Corp.(NYSE: ACR), has added Freedom Village at Brandywine in Chester County, Pa., to its portfolio of properties.Freedom Village is a five-story, 800,000-square-foot community located just outside Philadelphia. The 373-unit continuing care retirement community ...
Freedom Village at Brandywine
The community was purchased from a group of private investors using a synthetic lease structure.
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.
