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Philadelphia Commercial Real Estate

SEEING RED

Here's a pic of The Commonwealth, a 98-unit historic apartmenttower in Center City. RED Capital Group tells us it put a $20M first mortgage interim loan on the property for its redevelopment by its owners—SSH Real Estate, Silverang Hallowell Development Co, and 806 Capital (and a partridge in a pear tree). Redevelopment points include the Art Deco-inspired lobby redesign.

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