Welcome to the Philly 411, our monthly column onreal estate happenings in the Metro area supplied with intel fromDavid Jacobs, a director at Llenrock Group, a localcommercial real estate investment-banking firm. You can also followtheir blog here.Opinions are the author's own.
Local Developer Reinvigorates the CMBS Market
The CMBS market isn't completely dead after all. While many keenreal estate minds have been pondering about the next machinationsof the CMBS market, one local developer and private equity grouphas been taking advantage of its premature demise. KeystoneProperty Group, based in Bala Cynwyd, recently refinanced KeystoneSummit Corporate Park, previously home to Ericsson's (the Swedishtelecom manufacturer) Pennsylvania headquarters.
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