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NEWS
September 9, 2008 | By Walter F. Naedele INQUIRER STAFF WRITER
Robert I. Fredericks, 85, of Paoli, a Philadelphia real estate executive, died of pneumonia Aug. 28 at Paoli Hospital. In the 1980s, Mr. Fredericks was a senior vice president of Albert M. Greenfield & Co. He later served as executive vice president of Reed & Stambaugh Co., and then in the 1990s opened his own commercial real estate firm in Malvern. A 1940 graduate of Haverford High School, Mr. Fredericks attended the University of Pennsylvania. He joined the Army in 1942 and earned a Purple Heart serving as an infantry officer attached to the Third Army in France, Belgium, Germany and Czechoslovakia.
NEWS
March 15, 1989 | By Cynthia Burton, Daily News Staff Writer
Morris and Joel Geller, a father-and-son real estate team from Northeast Philadelphia, will make Philadelphia real estate history today. They will become the first individuals ever banned from a sheriff's sale. The Gellers were arrested last week and charged with bribing a city worker to give them inside information on sheriffs' sales. At 10 a.m. today, a sheriff's deputy was scheduled to open the sheriff's sale at the Civic Center by reading a temporary restraining order banning the Gellers or their agents from the sale, Andrew Brelow, deputy city solicitor for enforcement, said.
NEWS
December 20, 2012
Thomas J. Dolan, 84, of Blue Bell, a Philadelphia real estate professional whose expertise was in putting together commercial deals, died Friday, Nov. 30, of cancer at Westgate Hills Nursing Center in Havertown. For 50 years, he negotiated and helped finance many commercial projects in Philadelphia and Manhattan. Born in Philadelphia, Mr. Dolan was raised in Upper Darby and graduated in 1946 from Upper Darby High School. In 1950, Mr. Dolan married Lora Marcolina. The two met while summering in Beach Haven, N.J. From 1959 to 1963, he served as a commissioned first lieutenant in the Army Reserve.
NEWS
July 29, 1988 | By CYNTHIA BURTON, Daily News Staff Writer
Morris and Joel Geller, a Northeast Philadelphia father-and-son real-estate team, yesterday were held for trial on theft charges for allegedly selling and renting houses they had not been authorized to represent. Most of the Gellers' alleged victims bought or rented property from them only to learn that the actual property owners had no knowledge of the Gellers' activities, according to court records. And, the alleged victims, many of whom live in severely depressed neighborhoods in North Philadelphia, lost their money, according to the records.
BUSINESS
June 26, 1988 | By Gary Cohn, Inquirer Staff Writer
The rush to settle real estate deals by Thursday is on. The reason: A 63 percent increase in the city's realty transfer tax takes effect on Friday. "There already is a crush, and it's only going to get worse," said Allan Domb, president of a Center City real estate firm and chairman of the residential division of the Philadelphia Board of Realtors. The rise in the city realty transfer tax from 2.5 percent of the purchase price to 4.07 percent is part of a $100.7 million tax increase approved on May 25 by City Council.
REAL_ESTATE
January 7, 1996 | By Alan J. Heavens, INQUIRER STAFF WRITER
In the real industry at large, larger is the prevailing trend. But not everyone has been caught in the mad rush to be absorbed by the independent megafirms or to affiliate with the franchises. A number of small and medium-size firms are surviving and thriving by offering "personal" services that the big companies can't offer, or are specializing in properties in certain price ranges or in distinct geographical areas or, in some cases, cashing in on reputations built over many years in business.
NEWS
January 8, 1993 | By Craig R. McCoy, INQUIRER STAFF WRITER
Without conceding wrongdoing, two Chestnut Hill real estate firms have signed consent decrees with the city Human Relations Commission pledging to refrain from telling buyers that parts of Philadelphia are undesirable. The signatures by the firms - Baxter & Drinker Realtors and Emlen Wheeler Co. - conclude a case in which the commission alleged that brokers in the offices in Chestnut Hill had warned commission employees, who were posing as purchasers, not to buy property in Germantown.
REAL_ESTATE
March 7, 1999 | By Alan J. Heavens, INQUIRER REAL ESTATE WRITER
By sunset on Feb. 8, Fox & Roach Realtors of Devon had completed the acquisition of Prudential Preferred Properties of Radnor to create what is the largest independent brokerage in metropolitan Philadelphia. With the stroke of a pen, life changed for hundreds of agents and staff of the two companies. It was the dawning of a new day, officials of the new Prudential Fox & Roach said, since giant size eventually would lead to more and faster and cheaper services for the consumer. However, for the dozens of small and medium-size brokerages in the region, the dawn of Feb. 9 merely broke on another regular business day. The continued consolidation of the real estate industry into "mega-firms" is old news.
NEWS
August 11, 1988 | By JOE CLARK, Daily News Staff Writer
The Pennsylvania Real Estate Commission yesterday revoked the licenses of a father-and-son real estate team charged with operating a scam out of their Northeast Philadelphia realty office that allegedly netted them thousands of dollars. The commission took the action against Morris Geller, 66, and his son, Joel, 43, after a lengthy investigation into the pair's reportedly shady real estate dealings with their victims, many of whom live in severely depressed neighborhoods in North Philadelphia.
NEWS
March 3, 1997 | By Douglas Herbert, INQUIRER CORRESPONDENT
The realty loan sharks' annual luau at Neumann College began on a gamely note: Amid the rat-a-tat-tat of easy repartee, the bankers, builders, students and nuns clinked mineral water glasses, noshed on peanuts, and bantered with the Uncle Pennybags. Indeed, it seemed at first as if Emily Post herself had crashed the college's third annual Monopoly Game Tournament, drifting among the lavish buffet spreads of "Marvin Gardens" salad, "Park Place" potatoes, and "Kentucky Avenue" derby pies.
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ARTICLES BY DATE
BUSINESS
July 5, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Brandywine Realty Trust Gerard H. Sweeney , chief executive officer, sold 60,000 shares at $15.74 on June 27, and now directly holds 1,143,231 shares. Chesapeake Utilities Corp. John R. Schimkaitis , board chairman, sold 500 shares at $63.03 on June 27, and now directly holds 146,099 shares.
NEWS
June 9, 2016 | By Jacob Adelman, STAFF WRITER
Eatontown, N.J.-based Wharton Realty Group has acquired a 108,600-square-foot shopping center in Glenolden for $17.2 million, James Galbally, a managing director at real estate services firm JLL in Philadelphia, said in an e-mail Tuesday. The property at 140 N. MacDade Blvd. was purchased from MCB Real Estate and Alex Brown Realty, both of Baltimore, according to Galbally, who was lead broker on the deal. The shopping center features a newly renovated ShopRite supermarket and is at 100 percent occupancy, Galbally said.
BUSINESS
March 13, 2016 | By Alan J. Heavens, REAL ESTATE WRITER
Seven Philadelphia-area "hipster" zip codes - five in the city, and Ardmore and Upper Darby - are among the top 30 nationally for profitable home flipping, says RealtyTrac, the Irvine, Calif., foreclosure search engine. RealtyTrac analyzed single-family homes and condos flipped (sold twice within a 12-month period) in 2015 in more than 15,000 zip codes nationwide and identified the top 30 so-called "hipster" zip codes for flipping. Flips in most of these local zip codes account for relatively few of the total home sales in 2015 - 3.3 percent in Upper Darby to 12.9 percent in 19146, comprising Southwest Center City and Point Breeze.
NEWS
February 6, 2016 | By Jacob Adelman, STAFF WRITER
Brandywine Realty Trust has sold a package of 58 properties in Virginia, New Jersey and suburban Pennsylvania for $398.1 million to an affiliate of Och Ziff Capital Management LLC of New York, the Radnor-based developer said in a release. Thursday's sale, which encompasses 3.9 million rentable square feet, includes all of Brandywine's Richmond, Va., inventory and reduces its square footage in New Jersey by 44 percent, it said. Under the deal, Brandywine took a 50 percent stake in a ground lease covering the properties through a venture with the Och Ziff affiliate, it said.
NEWS
January 7, 2016 | By Jacob Adelman, STAFF WRITER
The company formerly known as Hersha Hospitality Management has acquired the Residence Inn Philadelphia Conshohocken hotel from a partnership involving Brandywine Realty Trust for $26.5 million. HHM, as it is now known, bought the 137-room Marriott hotel to take advantage of Conshohocken's growing business community, the company said in a release Tuesday. Brandywine announced the sale of the hotel, in the Tower Bridge development, earlier in the day. The Radnor-based developer said it will net $6.1 million from its 50 percent stake in the property after debt repayment and other costs.
NEWS
December 4, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
J. Francis Mahoney IV, 69, of Wynnewood, a principal in a commercial realty firm, died Saturday, Nov. 28, of complications from cancer at Kindred Hospital in Havertown. Known as "Fran," Mr. Mahoney was born in Philadelphia, the eldest son of J. Francis Mahoney III and Margaret G. Mahoney, both physicians. He graduated from Malvern Preparatory School and the University of Pennsylvania. In the early 1970s, Mr. Mahoney started work at Albert M. Greenfield & Co. in Philadelphia, where he rose to become vice president of the industrial real estate department.
BUSINESS
November 10, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brandywine Realty Trust is putting open space on a pedestal in University City. Literally. The developer unveils Monday its Cira Green plaza, a 1.25-acre, publicly accessible expanse of grass and paved walkways atop a 95-foot-high parking structure just west of the Schuylkill. Its opening marks the latest chapter in Brandywine's bid to remake a huge swath of central Philadelphia around 30th Street Station - an area bordering the campus of Drexel University up to the riverbanks opposite the Philadelphia Museum of Art - as the once-suburban company solidifies its urban presence.
BUSINESS
October 6, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brandywine Realty Trust has sold a 105,312-square-foot commercial building in Mount Laurel, New Jersey, for $16.5 million, the company said in a Monday filing with the U.S. Securities and Exchange Commission. The Radnor-based real estate investment trust sold the building on Sept. 29, according to the filing. Brandywine CEO Gerard Sweeney declined in an email to identify the location of the property or its buyer. The transaction was part of an ongoing asset-sale program, he said.
BUSINESS
August 26, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brandywine Realty Trust has sold the 247,294-square-foot Bay Colony Executive Park office complex in Wayne to an affiliate of Philadelphia-based real estate fund manager Equus Capital Partners. The acquisition of the four-building campus was made on behalf of BPG Investment Partnership IX, a discretionary fund managed by Equus, the company said Monday, without disclosing the purchase price. The company plans "a significant capital investment" in building and campus upgrades, Equus vice president George Haines said in the release without specifying how much would be spent.
NEWS
July 23, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brandywine Realty Trust paid $16.6 million for the 37,000 square feet of property it bought this month on the Center City block that was the site of 2013's deadly building collapse. The purchase price for the land, which makes up most of the southern side of Market Street's 2100 block, was revealed in documents filed with the city that surfaced Tuesday. Brandywine's purchase was the largest of several recent transactions through which property investor Richard Basciano finished selling off his Center City holdings.
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