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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  • Multifamily Fraud Prevention Alliance Launches

    Rental application platform 100 has strengthened its commitment to shape industry-wide transformation through the first fraud prevention alliance, uniting innovators in identity, fraud prevention,...
  • Seller Divests Brooklyn Apartments After 60-Plus Years

    Marcus & Millichap arranged the sale of 275 Linden Blvd., a 101-unit residential building in Brooklyn’s, Prospect-Lefferts Gardens neighborhood, for...

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