PHILADELPHIA-Average units at this Reef tower in the WaterfrontSquare development sold for $329,000, lower than the originalasking price of $470,000 before the recession, according toPhilly.com's Joseph N. DiStefano. But Israeli developer DaronGelfand was happy with selling 29 of 35 units.

Now there is an established price for the rest of the units,said the auctioneer, from Accelerated Marketing Partners.Waterfront Square is on the Fishtown waterfront area near theSugarHouse casino. So far, 51 of the 179 units in the building weresold. Click here to read the full Inquirerstory.

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