Developer Method Company sold 1831 Chestnut, a landmark Philadelphia property, to the Moore College of Art and Design. The former 29-unit boutique ROOST Rittenhouse Hotel traded hands for $11.5 million; the new owner will convert the building for student housing use. The acquisition included ground-floor retail space, which houses a jewelry store. “The seller purchased the property in 2013 when it was an office building and renovated it for hospitality use,” Alan Krawitz, GREA Associate Director, told ApartmentBuildings.com. Kravitz, who...
CPP (Community Preservation Partners) and the City of Albuquerque have announced the acquisition and planned renovation of St. Anthony Plaza Apartments,...