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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
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
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
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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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.
BUSINESS
July 11, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brandywine Realty Trust, Philadelphia's biggest office landlord, has bought almost the entire Center City block that was the site of 2013's deadly building collapse that flattened a Salvation Army thrift store. The publicly traded investment trust bought the 37,000 square feet of land along the southern side of Market Street's 2100 block on Tuesday, president and CEO Jerry Sweeney said. He would not disclose the price. The purchase of the site - including two buildings, a parking lot, a parking structure, and a vacant lot - is seen as a vital piece in linking Philadelphia's core office district to University City.
BUSINESS
November 12, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Restoring "value and credibility" to American Realty Capital Properties Inc. , landlord to a big slice of corporate America, "will require the company to separate completely from founder, former CEO, and executive chair Nick Schorsch ," analyst Chris Lucas told clients of CapitalOne Securities Inc. in a report Monday. Manhattan-based American Realty Capital, whose back offices are in the Schorsch family's native Jenkintown area, has lost a third of its stock-market value since the company retracted its 2014 financial reports last month.
NEWS
July 24, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Angela Giribaldi Hurtubise, 80, of Haverford, a teacher and later a real estate agent, died Wednesday, July 16, of pneumonia at Bryn Mawr Hospital. The daughter of an American mother and an Italian physician father, she and her mother and grandmother moved from Italy to the Philadelphia area in the 1940s, on the advice of relatives, during World War II. She was 10. Mrs. Hurtubise graduated from the Agnes Irwin School, and the University of Pennsylvania School of Education with a bachelor's degree.
BUSINESS
October 25, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
Nick Schorsch , the factory owner-turned-real estate mogul who moved his headquarters to Manhattan from Jenkintown six years back, is back in the news with yet another deal - his biggest yet: Schorsch's American Realty Capital Properties Inc. (ARCP) has agreed to pay cash and stock for its larger rival Cole Real Estate Investments Inc. of Phoenix for nearly $7 billion in cash and stock. ARCP will also take on more than $3 billion in Cole debt. Cole shares rose to near the offer price on news of the deal, while ARCP shares slipped.
NEWS
February 9, 2013 | By Kathleen Tinney, INQUIRER STAFF WRITER
Evelyn Bass let little get in her way, least of all panty hose and heels. For 30 years, she was a real estate agent in Cherry Hill - the full-steam-ahead sort who would grab a shovel and claw hammer, dig up a misplaced six-foot sale sign, lug it across a busy intersection, sink its four-by-four posts in the right spot, then patch the heretofore damaged lawn. She did that on Greentree Road in a two-piece suit and unsensible shoes. She also was the sort who, in her 70s, drove daily into Camden to be a volunteer aide in a classroom of kindergartners who vied to hold her hand.
BUSINESS
February 3, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
Brandywine Realty Trust says it will redevelop 1900 Market St., which houses Nasdaq's Philadelphia Stock Exchange operations and investment and law offices, "as a Class A office building. " Work will start next year and be done by 2015, the company said. Separately, Brandywine, of Radnor, has asked Campus Crest Communities, a Georgia company known mostly for building student housing at suburban and small-town colleges in the South and West, to put up student housing on a site approved for a 36-story high-rise at 2930 Chestnut St. in University City, according to two real estate industry sources familiar with the deal.
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
December 21, 2011
Commercial real estate operator Brandywine Realty Trust, Radnor, said it formed a joint venture with Current Creek Investments L.L.C. to invest in properties in the Washington area. Brandywine is contributing three office properties valued at $156 million to the venture. Both partners also have allocated $75 million in equity "to pursue additional office property investments" in the Washington region, Brandywine said in a statement. Current Creek is a wholly owned subsidiary of Allstate Insurance Co.    - Reid Kanaley
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