The revelation that the city received no independent guidance on the property's value could add to concerns over its spending on the Police Department's planned move from its current headquarters.
The move caps a years-long battle over the fate of a property adjacent to the airport in Tinicum Township, Delaware County. It's a first step by the city toward cashing in on its location among some of the nation's biggest population centers in hopes of becoming a major air-freight power.
The replacement became necessary after rust and corrosion of structural beams were uncovered by crews renovating the bridge as part of the project.
Liberty Property Trust aims to generate between $600 million and $800 million from the sale of its suburban office buildings.
The Red Bell Brewing Co. building traded for more than twice what its last owner paid for it less than two years earlier.
Dalzell Capital Partners paid $9.35 million for the five-story building residential building with ground-floor retail space.
The sale caps a year of transactions that have diminished Blatstein's once-vast real estate footprint in the north-of-Center-City neighborhood.
Mason Wartman has just opened a second Rosa's Fresh Pizza, in West Philadelphia, where University City revitalization advocates hope it is a catalyst for change in a business corridor with a vacancy rate of nearly 50 percent.
City officials hope the expensive consultants who represent Time Inc., Yahoo and Deutsche Bank can help Philadelphia beat out 19 other metros to house Amazon's $5 billion HQ2.
Mapletree Investments confirmed its acquisition of the 347-unit building in an emailed statement Friday.
The Evo building and Brandywine's recently completed FMC Tower make up the Cira Centre South complex.
The proposal calls for 169 four-story homes of around 3,100 square feet each with ground-floor space to park one or two cars.
Wednesday's auction was the state's second for 10 satelite casino licenses made available through the gambling expansion bill passed last year.