MPN Realty

In The News

News

Retailer Revival

PHILADELPHIA -- Retail rents along Walnut Street have reached a new threshold -- $100 a square foot and above -- in a clear sign retailers are willing to pay up to reside along a key Center City shopping corridor. The high rents underscore the rise…
MPN Realty
October 24, 2005
News

Moreland sells 1900 Chestnut to Kenneth Gross for $2.78M

PHILADELPHIA -- Moreland Development sold 1900 Chestnut St., a three-story, 7,100-square-foot building in Center City that it bought 14 months ago with the intention of putting in a Walgreens pharmacy. When neighborhood opposition mounted, Moreland decided drop its plans and sell. "We got an offer…
MPN Realty
October 3, 2005
News

$11.5M paid for building that has 15th century Italian flair

PHILADELPHIA -- An architecturally significant structure at 15th and Walnut streets in Philadelphia, the Drexel Building, that was home to one of the city's major financial institutions, was sold for $11.5 million. The deal was between two local private partnerships that didn't divulge their identities.…
MPN Realty
September 5, 2005
News

Full of Old City enthusiasm, Yaron has eye on expanding

PHILADELPHIA -- Yaron Properties is expanding its presence in Old City by adding two additional residential projects, switching its successful Merchants' Row apartment complex into condominiums, and breaking out a new concept for the building that housed MTV's "Real World" cast. Yaron has already amassed…
MPN Realty
August 15, 2005