Transaction of the Week

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  • Art College Pays $11 Million for Historic Rittenhouse Square Property

    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...

News

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  • Wells Fargo Closes $460M Refi on Gotham West Apartments

    Wells Fargo’s Multifamily Capital group recently closed a $460-million direct bond purchase facility for the Gotham Organization’s Gotham West, a mixed-income development at 550...
  • Extell Cuts Ribbon on Yonkers Mixed-Use

    Extell Development Company joined Yonkers Mayor Mike Spano and other city, county and state officials recently for a ribbon-cutting ceremony for Hudson...

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