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After foreclosure, future of Montgomery Mall remains uncertain


In an era of radical online shopping, small business activism and extensive health precautions, another mall is on the brink. Earlier this month, Montgomery Mall, a Montgomery Township shopping center that encompasses more than 90 stores, was foreclosed upon.
A judge issued a $118.78 million judgment against the mall’s owner, Simon Property Group’s Mall at Montgomery LP, on July 12, according to court documents. Wilmington Trust, a trustee of Wells Fargo Commercial Mortgage, filed the initial complaint for foreclosure June 8.
The Montgomery County court’s final judgment on the case states that the mall owners agreed to the foreclosure and “subsequent foreclosure sale of the subject leasehold estate,” but when that sale may take place is not yet known. ....

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Rittenhouse Capital Advisors secures $23,250,000 construction loan for the 2nd phase of a student apartment complex located at Penn State-Abington


Home / Top News / Rittenhouse Capital Advisors secures $23,250,000 construction loan for the 2nd phase of a student apartment complex located at Penn State-Abington
Rittenhouse Capital Advisors secures $23,250,000 construction loan for the 2nd phase of a student apartment complex located at Penn State-Abington
PHILADELPHIA, May 13, 2021 (GLOBE NEWSWIRE) Rittenhouse Capital Advisors announced today that it sourced a construction loan for the 2
nd phase of a student apartment complex located just off campus of the Penn State-Abington satellite campus. A regional Bank provided 75% Loan-to-cost on a 3-year loan term with interest rate pricing at WSJ Prime + 0.25%.
RCA’s sourced the loan for their client College Town Communities. College Town Communities specializes in the development and management of student apartment buildings. Founded in 2002, the developer’s portfolio houses approximately 3,500 students. ....

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Suburban Philly Woman Says She Contracted Herpes From MAC's Mall Makeup Counter

A Pennsylvania woman filed a a lawsuit against MAC Cosmetics alleging she contracted ocular herpes from its makeup counter at an area mall in 2019, 6abc reports.Tammeka Hill was getting her makeup professionally done for an event at t… ....

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