State: Pennsylvania - PA
Dwight Capital Affiliate Redevelops Phila.-Area Warehouse into Apartments
Dwight City Group, an affiliate of Dwight Capital, has completed the redevelopment of the former 125,000-square-foot warehouse property at 901 Quarry St. in the Philadelphia suburb of Darby, Pa., into an 84-unit apartment building. Dwight City had acquired the warehouse ...
Bozzuto-Led Venture Completes Redevelopment of Phila.-Area Retail Space to Apartments
Philadelphia Business Journal A venture of Bozzuto and Echo Realty has completed the redevelopment of the retail property at 400 Swedesford Road in Berwyn, Pa., into the 250-unit Ember at Berwyn Apartments. Echo Realty, of Pittsburgh, had owned the property ...
JLL Arranged $215Mln Loan Against Philadelphia Marriott Downtown Hotel
JLL Capital Markets had arranged the $215 million mortgage that JPMorgan Chase Bank, Barclays Capital and Wells Fargo Bank had provided against the 1,408-room Philadelphia Marriott Downtown hotel. As reported, the five-year loan carries an interest-only coupon of 8.705 percent. It ...
JPMorgan, Barclays, Wells Fargo Lend $215Mln Against Phila. Hotel
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, Barclays Capital and Wells Fargo Bank have provided $215 million of mortgage financing against the 1,408-room Philadelphia Marriott Downtown, allowing the property's owner to pay off a $237.27 million loan. The ...
400-500 Arcola Road
Investor David Werner has paid $171.3 million, or $92.44/sf, for a 1.85 million-square-foot laboratory and research and development complex occupied by Pfizer Inc. and Dow Chemical in the Philadelphia suburb of Collegeville, Pa. Werner purchased the property, at 400-500 Arcola ...
Affinius, Bank OZK Lends $102Mln for Construction of Philadelphia-Area Industrial Property
Affinius Capital and Bank OZK have provided $102 million of financing for the development of the second phase of the Tac-Pal Logistics Center in the Philadelphia suburb of Palmyra, N.J. Affinius took down a junior portion of the loan, while ...
Larkin’s Corner
Larkin's Corner, at 601-659 Conchester Highway, is nearly fully leased and anchored by a Walmart and Acme grocery store. Other tenants, including Dollar Tree, TD Bank and McDonald's, have been at the property for a weighted average 17.4 years.
Construction Completed on 120,000-SF Office Property in Allentown, Pa.
REBusiness Online Waterfront Development Co. has completed the construction of Six Fifteen Waterfront, a 120,000-square-foot office property in Allentown, Pa. The six-story property, at 615 Waterfront Drive, along the Lehigh River waterfront, has 100,000 sf of office space and 20,000 ...
$36.7Mln Loan Against Pittsburgh’s Grant Building Transfers to Special Servicing
Commercial Real Estate Direct Staff Report Pittsburgh's Grant Building, with 461,006 square feet of office space, has seen a sharp decline in cash flow this year, prompting its $36.7 million mortgage to be transferred to special servicer KeyBank. The loan ...
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.
