MPN Realty

In The News

News

Le Crillon sells for $15M

PHILADELPHIA -- Albert M. Greenfield Co. Inc. has sold the Le Crillon, an apartment building just off Rittenhouse Square in Philadelphia, for $14.8 million. The 41,757-square-foot building at 105 S. 18th St. has 16 apartments and was bought for $925,625 a unit or $355 a…
MPN Realty
June 1, 2013
News

MPN – Sky Park Apts. at 1112 N. 3rd Str.

UP FOR SALE -- Spring Mill Corporate Center, a two-building complex totaling 617,039 square feet in Conshohocken, is up for sale. Kalmon Dolgin Affiliates Inc. of Brooklyn, N.Y., and an equity partner bought the property off Hector Street in 2006 for $61 million. It could…
MPN Realty
May 24, 2013
News

1616 Walnut vacating tenants

PHILADELPHIA -- About 100 tenants at 1616 Walnut St. have been put on notice that they need to vacate the property and find new space. A partnership that bought the 25-story, 279,770-square-foot Center City office building last month for $28.3 million is seeking to convert…
MPN Realty
March 9, 2013
News

MPN arranged the sale of 1701 Walnut.

PHILADELPHIA -- Kimco Realty Corp. sold a property on Walnut Street in Center City for half the amount it bought it for five years ago. Pearl Properties of Philadelphia bought 1701 Walnut St., an eight-story office building that has Juicy Couture as one of its…
MPN Realty
January 18, 2013
News

Hal Wheeler

PHILADELPHIA -- Hal Wheeler wanted to transform the skyline of Baltimore. The Philadelphian’s plans for a 59-story, $400 million tower on a parking lot just steps away from the city’s famed Inner Harbor was the talk of mid-Atlantic real estate. The tower, which would have been…
MPN Realty
July 22, 2011
News

Boyd Theater Becomes Victim

PHILADELPHIA -- The historic Boyd, one block off Rittenhouse Square on Chestnut Street, has always had a devoted fan base who wanted to see the Art Deco theater preserved and Hal Wheeler stepped in to fill that role. After it closed in May 2002, the owner of…
MPN Realty
July 9, 2011
News

Korman Communities buys into the Benjamin Franklin House

PHILADELPHIA -- Korman Communities has taken an ownership stake in the Benjamin Franklin House, a landmark apartment building along Chestnut Street near Philadelphia’s Old City historic area. The Plymouth Meeting apartment owner declined to disclose details of the transaction other than it will take over…
MPN Realty
June 3, 2011
News

Pair of properties change hands

PHILADELPHIA -- Two properties in the heart of Center City’s retail corridor have traded even though the frequency of such sales are few and far between. Pearl Properties, a Philadelphia real estate investor and developer, bought 1510-12 Chestnut St. for $4.2 million from a local…
MPN Realty
May 20, 2011
News

MPN Sells Montrose apartments for $1.4 million.

PHILADELPHIA -- The fine print: DP Partners buys Logan distribution center Here are some recent deals that have me noticing that leasing and sales are starting to pick up: DP Partners bought a 259,910-square-foot distribution center on 14 acres in LogistiCenter in Logan, N.J. DP…
MPN Realty
January 28, 2011
News

Inn on Locust becoming boutique hotel

PHILADELPHIA -- The Inn on Locust, which helped redefine a seedy section of Locust Street in Philadelphia, is set to return to its roots as a boutique hotel after the owner toyed with the idea of converting it into condominiums. AFC Realty Capital Inc. of…
MPN Realty
May 5, 2010
News

AMC Delancey scoops up walk-up apartments

PHILADELPHIA -- AMC Delancey Group Inc., seeking ways to seize on opportunities in a shifting commercial real estate market, has decided to focus on the walk-up apartment. A staple of city living, the walk-up has no elevator and renters must typically walk up stairs to…
MPN Realty
May 3, 2010
News

MPN Sells Does Three Transactions

PHILADELPHIA -- Colorcon Inc. has finalized plans for a new global headquarters in Lower Salford. The company, which makes coatings for candy and medicines, is commencing construction on an 89,000-square-foot building that is designed to partially be built into the side of a hill, making…
MPN Realty
March 31, 2010
News

Sweat Fitness puts muscle behind a new S. Philly gym

PHILADELPHIA -- A dilapidated building off East Passyunk Avenue in South Philadelphia is set to undergo nearly $2 million in renovations to be transformed into a new gym by two local entrepreneurs who are taking a stab at establishing their own fitness franchise. Scott Caplan…
MPN Realty
May 14, 2008
News

MPN Sells Society Hill Furniture

PHILADELPHIA -- Society Hill Furniture, which spent the last 45 years as a mainstay on Chestnut Street in Center City, has closed and the owner has sold the building. The Schaffers, a Philadelphia family, bought 1031-33 Chestnut St. in 1963 and operated its well-known furniture…
MPN Realty
March 10, 2008