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Domb buys building at 23rd & Pine in Fitler Sq

PHILADELPHIA -- City Councilman Allan Domb’s real estate company has purchased a building that once housed Tria at 23rd and Pine streets in the Fitler Square neighborhood of Philadelphia for $2.2 million. In a separate transaction, Domb also bought the business and liquor license assigned to the restaurant…
MPN Realty
October 11, 2018
News

NY buyer scoops up third Old City property

PHILADELPHIA -- A building in the Old City neighborhood of Philadelphia that houses Charlie’s Jeans and other retail tenants has sold for $13.4 million. The property, which is located at 222 Church St. address, is also known by 231-37 Market St. The property consists of three structures that…
MPN Realty
October 9, 2018
News

MPN Facilitates Sale of 3 Alterra Center City Properties

PHILADELPHIA -- Alterra Property Group has sold four properties to Dalzell Capital Partners, a Westport, Conn., real estate investment firm that has been acquiring multifamily properties in Philadelphia. Dalzell paid $10.1 million for 1310 Spruce St., 1311 Spruce St. and the Queen Village Lofts at…
MPN Realty
August 20, 2018
News

Waverly Court Sells for Top Dollar Four Years After Trading

PHILADELPHIA -- Dalzell Capital Partners, a Westport, Conn., real estate investment firm, has paid $21 million to buy Waverly Court, an apartment complex in Center City. The property at 412-26 S. 13th St. last traded in March 2014 for $6.92 million. While multifamily properties have…
MPN Realty
July 5, 2018
News

DiNardo’s closes, sells Old City building

PHILADELPHIA -- DiNardo’s Famous Seafood, a Philadelphia dining institution, has closed after 42 years in business and the family that ran the restaurant has sold the Old City building where it operated the eatery. The property at 312 Race St. was bought by ASI Corp., a Philadelphia real estate company operated…
MPN Realty
July 2, 2018
News

Building That Houses Famed Dive Bar Dirty Franks Is Sold

PHILADELPHIA -- The building that houses Dirty Franks, a legendary dive bar that has been a Philadelphia institution for 75 years, has sold for $4.5 million. The 12,352-square-foot building 339-49 S. 13th St. in Philadelphia last traded in 2014 for $3.75 million, according to Philadelphia…
MPN Realty
May 24, 2018
News

Former Wedge & Fig restaurant building sold in Old City

PHILADELPHIA -- Here are some briefs covering recent real estate transactions. $3.75M A building at 160-164 N. 3rd St. in Old City that housed the now closed restaurant Wedge & Fig has sold for $3.75 million to an undisclosed partnership from New York. The seller…
MPN Realty
May 10, 2018
News

Phila’s First Medical Marijuana Dispensary Opens in Fishtown

PHILADELPHIA -- Philadelphia's first-ever medical marijuana dispensary has opened its doors. Restore Integrative Wellness Center at 957 Frankford Ave. in Fishtown held its grand opening party May 2, culminating a process that began with the state law allowing cannabis to be prescribed for a list…
MPN Realty
May 3, 2018
News

AMC Delancey picks up a portfolio of Center City properties

PHILADELPHIA -- AMC Delancey Group Inc. has bolstered it local holdings and acquired a six-building portfolio in Philadelphia for $10.8 million. The purchase means that the local real estate company owns a total of 45 properties throughout the city most of which are brownstone apartment…
MPN Realty
April 21, 2018
News

Post Brothers buys Quaker building, plans $100M conversion

PHILADELPHIA -- Post Brothers has closed on buying the Quaker warehouse in North Philadelphia, paying $17.25 million for 900-58 N. 9th St. and paving the way for the real estate company to move forward with a roughly $100 million redevelopment of the structure. The seller was Philadelphia Suburban Development…
MPN Realty
April 12, 2018
News

Fishtown Property Sold to Marijuana Dispensary

Restore Integrative Wellness paid $1.33 million for 957 Frankford Ave., a 6,380-square-foot building in the Fishtown neighborhood of Philadelphia. The seller was Elk Street Management. The building will be used as a medical marijuana dispensary. Restore Integrative has been issued a medical marijuana license and…
MPN Realty
November 16, 2017
News

Former Palmer School in NoLibs gets new owner

PHILADELPHIA -- City School, a private, independent school based in Philadelphia, has paid $9.075 million to buy the former Palmer School in Northern Liberties to accommodate its expanding enrollment and breathe new life into a building that once housed a now defunct charter school. The…
MPN Realty
October 5, 2017
News

Kramer Family sells Spruce St. brownstones after 70 years

PHILADELPHIA -- For 70 years, the Kramer family owned and managed a portfolio of four buildings along Spruce Street in Center City that had 35 apartments. The brownstones at 1023, 1026, 1027 and 1028 Spruce St. were originally built as single-family homes in the mid-1800s…
MPN Realty
September 28, 2017
News

Second Blackbird Pizzeria location officially opens

PHILADELPHIA -- Earlier this year, MPN's Joe Scarpone and Michael Hersch assisted South Philly's Blackbird Pizzeria in securing a prime location in Northern Liberties to open a second location of ther popular restaurant. Blackbird Pizzeria, one of the stalwarts of Philadelphia's vegan restaurant scene, officially…
MPN Realty
August 17, 2017