In The News
MPN Realty
PHILADELPHIA -- Textile Lofts, a mixed-use property in the Fitler Square neighborhood of Philadelphia, has sold for $8 million. The two-building complex was sold by Grasso Holdings, a Philadelphia real estate company that converted the structures in 2011. Alterra Property, also of Philadelphia, was the…
MPN RealtyMay 11, 2015
PHILADELPHIA -- An affiliate of Post Brothers Apartments has acquired a parking garage in Philadelphia where Spruce Food Market makes its home on the street-level retail space. It traded for roughly $7.2 million. The 175-vehicle garage at 1524 Latimer St. was sold by CLL Towne…
MPN RealtyFebruary 16, 2015
PHILADELPHIA -- The property is an 86,843-square-foot building at 2410-2450 E. York St. in Fishtown, $7.5M An 86,843-square-foot building at 2410-2450 E. York St. in Fishtown sold for $7.5 million. Referred to by its address of 2424 York, it is a three-story former industrial building…
MPN RealtyJanuary 2, 2015
PHILADELPHIA -- IStar Financial Inc. of New York and Dranoff Properties Philadelphia will move forward with converting the unfinished floors at Two Liberty Place into condominiums. Last year, iStar, which has title to the undeveloped portion of the tower, had considered putting in a 150-room…
MPN RealtySeptember 11, 2014
PHILADELPHIA -- IStar Financial Inc. of New York and Dranoff Properties Philadelphia will move forward with converting the unfinished floors at Two Liberty Place into condominiums. Last year, iStar, which has title to the undeveloped portion of the tower, had considered putting in a 150-room…
MPN RealtySeptember 8, 2014
PHILADELPHIA -- A portfolio of five properties along Vine Street and North 3rd Street in Old City that has 14 loft apartments sold for $3.56 million. The seller, a private local partnership, was considered ahead of the curve in seizing on the potential of residential…
MPN RealtySeptember 3, 2014
PHILADELPHIA -- Trenton China Pottery, or what is commonly referred to as “TCP,” sold its Philadelphia property at 2nd and Arch streets in Old City. A group of undisclosed local investors bought it for $1.4 million and plans to convert the nine buildings that comprise…
MPN RealtyAugust 31, 2014
PHILADELPHIA -- Allan Domb has added to his Center City retail holdings and bought for $17 million the commercial condominiums at 10 Rittenhouse Square that contain the Barney’s clothing store and Serafina’s, a restaurant. The acquisition enhances Domb’s retail position on Rittenhouse Square and along…
MPN RealtyAugust 7, 2014
PHILADELPHIA -- Allan Domb has expanded his Rittenhouse Square holdings and picked up 1801 Walnut St., the building that houses Anthropologie. The acquisition adds to a growing portfolio of properties that the self-described condo king now owns in that part of Center City. In addition to…
MPN RealtyJuly 6, 2014
PHILADELPHIA -- Island View Crossing, a 179,673-square-foot office building at 1414 Radcliffe St. in Bristol sold for $12.5 million, or $70 a square foot. A partnership involving Red River Asset Management of New York and Arlington Group Real Estate of Conshohocken bought the building. Lenox,…
MPN RealtyJune 12, 2014
PHILADELPHIA -- Two Center City properties — each housing well-known Philadelphia establishments — have sold for $11.35 million. Pineview, an apartment complex at 339-49 S. 13th St. that has Dirty Franks as its main retail tenant, was one of the buildings to trade. The four-story,…
MPN RealtyMay 30, 2014
PHILADELPHIA -- One Presidential Blvd., the 120,000-square-foot building in Bala Cynwyd where Aamco Transmissions Inc. has its headquarters, is in limbo. When Aamco announced March 8 that it would be bought out by Cottman Transmission Systems Inc., it meant that Aamco will no longer need…
MPN RealtyMay 30, 2014
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 RealtyJune 1, 2013