4B — July 26 - August 15, 2013 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal
www.marejournal.com O WNERS , D EVELOPERS & M ANAGERS Latest activity includes sale of 152 units Gebroe-Hammer Associates’ Metro Phila. sales top $150m P HILADELPHIA, PA — Gebroe-Hammer As- sociates has arranged
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PHILADELPHIA, PA – Ar- chitecture firm Francis Cauff- man announced that senior associate Haley Driscoll, IIDA , has been appointed to In- terior Design magazine’s 2013 Healthcare and Wellness Ad- visory Council. Members of the 15-seat council will advise Inte- rior Design on healthcare inno- vations, standards, challenges, and design trends, focusing on designing for wellness across all industry sectors. “Haley’s extensive experi- ence in healthcare design will make her an invaluable addi- tion to the council,” said Fran- cis Cauffman president Jim Crispino. “We are delighted that she has been selected to join this prestigious group of professionals.” For over 20 years, Driscoll has designed healthcare inte- riors and served as a trusted advisor to prominent clients. Her expertise extends beyond interior healthcare planning, programming, and furniture selection; she brings a deep understanding of healthcare issues and trends to her for- ward-thinking design. ■ Francis Cauffman’s D r i s c o l l , I I DA named to advisory council “With its location halfway between New York and the nation’s capital, metro and sub- urban Philadelphia continue to see high demand from tenants and experience high occupancy rates,” said Rosen. “That, in turn, is driving investor inter- est throughout the region.” ■ from complete renovation to upgraded kitchens or baths,” said Rosen. “The respective buyers intend to reposition their newly acquired assets to render them more competitive in the current rental environ- ment.” These sales coincide with Rosen’s handling of a note sale involving 197 units on behalf of one of the Northeast’s largest banks. This activity also comes on the heels of two additional sales recently arranged by Rosen and managing director Joseph Brecher in suburban Bala Cynwyd and Yardley. Additionally, the two Philadel- phia/South Jersey specialists orchestrated the sale of the 1,015-unit Presidential City Apartments in the heart of the city – the largest market-rate trade at the time.
$8.7 million. “Multi-family properties con- tinue to be one of the strongest commercial real estate oppor- tunities in southeastern PA,” said Eli Rosen , senior vice president, who represented the sellers and buyers in each of the firm’s most recent Philadelphia transactions. These include two sales totaling 110 units in the city’s emerging West Mt. Airy/ Germantown neighborhood, as well as the $1.5 million, 42-unit sale of Magnolia Court in his- toric Northwest Philadelphia. “Each of these well-located properties possess varying degrees of value-add potential,
$150 million in Philadel- p h i a - a r e a investment sales during the past 12 mo n t h s i n a r e g i o na l multi-family investment
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Eli Rosen
market that continues to at- tract considerable interest and new value-add opportunities. The latest transactions involve three separate trades totaling 152 units netting a combined
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