Affordable Housing Coming to 8th and Thompson

OCF Realty

North Philadelphia Health System, owner of the property in question and also the Girard Medical Center, filed for bankruptcy at the beginning of this year, creating a potential scenario in which the property would be purchased by a party other than Project HOME. Last month though, a judge indicated approval for a…

$8.5M sale of Philadelphia hospital gets tentative approval

Philadelphia Business Journal

“Our goal is to negotiate a long-term plan to keep the facility as a behavioral health care hospital,” said Jason E. Friedland, an Ironstone partner. “The reality is there were other potential buyers out there who wanted to shut down the hospital and turn it into housing. We want to…

Bankruptcy judge tentatively approves Girard Medical Center sale

Philadelphia Inquirer

Pending final review, U.S. Bankruptcy Judge Magdeline D. Coleman on Tuesday said she would approve the sales of North Philadelphia Health System’s properties at Eighth Street and Girard Avenue for a combined $10.25 million.

Ironstone wins North Philadelphia Health System bankruptcy auction

Philadelphia Inquirer

Ironstone Real Estate Partners won Friday’s North Philadelphia Health System (NPHS) bankruptcy auction, agreeing to pay $8.5 million in cash with no contingencies, but with some twists to make the deal for the behavioral health operation work.

Rittenhouse Realty Advisors Sells 99 Units Totaling $11,775,000 in University City, Philadelphia, PA

GlobeNewswire

Rittenhouse Realty Advisors is pleased to announce the sale of the of the Florence Garden Apartments, located at 506 S. 41st Street, and The Lexington, located at 4207 Chester Avenue, both in the University City section of Philadelphia.

Founded Coffee and Pizza is more than an innovative new business, it’s a classic immigrant success story.

East Falls Local

Founded Coffee and Pizza is more than an innovative new business, it’s a classic immigrant success story. Fahri Demirpence, owner of Founded Coffee and Pizza on Henry Ave., didn’t always dream of coming to America. But when he was growing up in the village of Atmanek in Turkey (near Suruc and…

Kismet Co-Work brings a taste of big city entrepreneurship to the Hill

Chestnut Hill Local

There aren’t many spaces like Kismet Co-Work in Chestnut Hill. Spacious and contemporary, it feels like the sort of office space you’d encounter in Center City – perhaps in a well refurbished warehouse in Old City or even Northern Liberties. But Kismet, the brainchild of local Realtor Chris Plant,…

Cooper Medical School is helping Camden’s ailing economy

Philadelphia Business Journal

While nobody has discovered a cure to treat all of Camden’s economic woes, the city’s 4- year-old medical school has provided an effective dose of medicine. Last week, the Cooper Medical School of Rowan University — which occupies a block on Broadway once home to a methadone clinic, a…

Inside Out Exhibition Lets You Enjoy Art for Free in Philly

Curbed Philadelphia

Market and North Second street is undoubtedly one of the busiest corners in Old City. On a recent Wednesday night, construction workers were busy placing new bricks on the sidewalk while tourists and locals alike walked past on their way to…

Iron Stone awarded George Bonadio Leadership Award

Methodist Services Newsletter

This year, Methodist Services opened the first phase of a new permanent housing program that serves chronically homeless women. This new program, given the name Hope Bridge, operates in partnership with Iron Stone Strategic Capital Partners, a real…

2015 Heavy Hitters of Real Estate and Top Deals announced

Philadelphia Business Journal

The Wordsworth Community Umbrella Agency, known locally as CUA 5, needed to find an office that was at least 27,000 square feet, which made finding options difficult. Also the CUA 5 program was limited by annual funding cycles and an initial three-year… renewable contract, so structuring the needed long-term…

N.E. Phila. office/warehouse complex emerges from loan tangle

The Philadelphia Inquirer - Philadelphia (June, 2015)

Nine years ago, New York-based investment-fund promoter CanAm Enterprises used money from overseas investors seeking U.S. visas to lend money to a hospice business in a sprawling Northeast Philadelphia office and warehouse complex…

In Camden, Development Projects Kindle Hope

The New York Times - New York (December, 2014)

In a city with a bleak history of crime and poverty, plans for real estate development suggest there is new hope for an economic revival, thanks in large part to tax credits from a state-run program…

$17M residential development coming to Camden, after $6.2M in tax credits

Philadelphia Business Journal - Philadelphia (June, 2014)

A Philadelphia developer is venturing into Camden, N.J., for the first time and plans to construct a new $17 million apartment complex. Armed with $6.2 million in tax credits from the New Jersey Economic Development Authority, Iron Stone Strategic Capital Partners expects to begin construction in July on a…

Small Carbon Footprint, Big Energy Savings

PGW News Blog - Philadelphia (April, 2014)

New energy saving measures implemented by Iron Stone…

Facility for ‘medically fragile children’ opens in East Falls

News Works - Philadelphia (April, 2014)

When Nina Mapp was pregnant with her first child, ultrasound images gave her doctors reason for pause. “The bones,” the North Philadelphia woman recalls being told last year, “are growing weird.” The words scared Mapp, as nonspecific as they were at the time…

Philadelphia Safety Collaborative Co-locates Child Victim Services

Al Dia News Media - Philadelphia (August, 2013)

Mayor Nutter and city officials opened the Philadelphia Safety Collaborative facility in Hunting Park on Monday, August 26, 2013. The facility is the first in the city, and one of few in the nation, to co-locate the Department of Human Services, Philadelphia Police Special Victims Unit, the Philadelphia Children’s…

City of Philadelphia Opens Philadelphia Safety Collaborative

Press Releases - Philadelphia (August, 2013)

Mayor Michael A. Nutter, City officials and partner organizations officially opened the Philadelphia Safety Collaborative,the newly co-located site for members of the Philadelphia Police Department(PPD) Special Victims Unit (SVU), Department of Human Services (DHS) SexualAbuse Investigation Unit, Philadelphia Children’s Alliance and staff from the DistrictAttorney’s Office.

City Breaks Ground on Victim Help Center

The Philadelphia Tribune - Philadelphia (August, 2012)

Police and city officials broke ground on a new special victim’s center on Friday in Hunting Park, which will allow victims, their advocates, the police and prosecutors to come together at one location to investigate criminal allegations involving children.

So What Happened at the Meeting About the Apple Lofts?

Curbed - Philadelphia (February, 2012)

Summary of last night’s community meeting to debate the Apple Lofts project comes from Amara Rockar, who lives in West Philadelphia and supports the project. For the perspective of someone who opposes the project, head over the UC Review website and listen to a radio interview with Shawn Kelly…

GOLD AWARD: Falls Center Heritage Building, Philadelphia, Pa.

bdcnetwork.com - Philadelphia (January, 2012)

“They finished under budget and ahead of schedule despite meeting many obstacles. The Building Team really persevered,” said BD+C Reconstruction Award Judge Steve Martinez…

Germantown Ave. prospers with old landlords gone

philly.com - Philadelphia (January 18, 2012)

Cira Center-based Iron Stone Strategic Capital Partners has foreclosed the former Asher’s chocolate factory, the ex-Germantown Farmers’ Market, and other Germantown Ave. properties…

Iron Stone fund seeking $75 million

Philadelphia Business Journal - Philadelphia (December 2, 2011)

Iron Stone Real Estate Group is launching its third investment fund and is seeking to raise $75 million…

Construction begins on new fitness center and bowling alley at the Falls Center

NewsWorks - Philadelphia (October 26, 2011)

Pardon the pun, but a bowling alley is rolling into East Falls. The owners of Sweat gyms are creating the 10th location of the area fitness chain, along with a 10-lane bowling alley, in the Falls Center…

New Phila U. dorm welcomed as a win-win

NewsWorks - Philadelphia (August 2011)

Philadelphia University has a new dorm in a familiar building…

Mementos of life in 1930 emerge from time capsule

philly.com - Philadelphia (May 2011)

It was buried at the old Woman’s Medical College. At first, no one was sure what to make of the find. Inside a wall next to the 1929 cornerstone of…

New Table Tennis Club Opens in Philly

nbcphiladelphia.com - Philadelphia (January 11, 2011)

Call it ping-pong or table tennis, it’s the new rage in our area. Tim Furlong took us inside a brand new club that’s already attracting players of all skill levels…

Iron Stone Strategic Captial Partners Acquires Philadelphia Multifamily Portfolio

Philadelphia (January 10, 2011)

Iron Stone Strategic Capital Partners (Iron Stone) today announced two separate acquisitions totaling nearly 800 apartment units in twelve buildings for an undisclosed price of approximately $25,000,000. The acquisition is the latest in a series of strategic purchases by Iron Stone’s Fund II, an…

Deal doesn’t inspire towering confidence

Philly Deals - Philadelphia (August 2010)

What will it take to get big private construction projects started again around Philadelphia? Last weeks sale of the 53-story former Bell Atlantinc headquarters tower at 1717 Arch St., to Brandywine Realty Trust, for just $129 million, or $125 per square foot, could prove a good deal for Brandywine when…

Falls Center is still evolving

Philadelphia Inquirer - Philadelphia (November 2009)

The historic location of the Woman’s Medical College of Pennsylvania is now becoming a medical and educational complex. Despite a bad commercial real estate market, the center continues to attract new tenants. There is no tidy commercial real estate category for the Falls Center. The identity of the 12-acre…

Momentum continues at Falls Center

The Review - Philadelphia (October 2009)

Iron Stone Real Estate Companies (“Iron Stone”) announced that the Dr. Gertrude A. Barber National Institute (“Barber”) has signed a new lease at Falls Center, located at 3300 Henry Avenue in East Falls. Barber is…

Old Medical College of Pennsylvania campus shoring up

Philadelphia Business Journal - Philadelphia (October 2009)

Three years after Iron Stone Real Estate Group bought the former Medical College of Pennsylvania campus at 3300 Henry Ave. in Philadelphia’s East Falls, the property is cash-flow positive, refinanced and on its way to being fully leased up. The latest tenant to take space at what has been…

Philadelphia Investment Manager Switches Fund’s Focus to Debt

Commercial Real Estate Direct - Philadelphia (July 2009)

Iron Stone Real Estate Co. has switched its investment focus to distressed debt from equity transactions and is leveraging its local market expertise to find opportunities. “Lenders are not about to air their dirty laundry, so a lot of what you can learn about debt available for sale is…

Iron Stone tapping distressed loan fund

Philadelphia (June 22, 2009)

Iron Stone Real Estate Cos. has made another buy with a $50 million fund to buy bad bank notes collateralized by commercial real estate. It picked up a loan associated with the Manor on Ogontz Avenue in Philadelphia and the deal led Iron Stone to negotiating a deed in…

Iron Stone Real Estate Aquires Philadelphia Multifamily Apartment Building

Philadelphia (June 15, 2009)

Iron Stone Real Estate Fund II (“Iron Stone”) today announced that its multi-family housing division has acquired a $12 million distressed commercial mortgage collateralized by one apartment rental building by LaSalle University’s campus…

Iron Stone Real Estate leases 60,000 s/f for charter school

Philadelphia (June, 2009)

Iron Stone Real Estate Companies announced that Eastern University has signed a lease at Falls Center with its affi liate, 3300 Henry LP. Effective July 1, 2009, Eastern University – based in the Philadelphia suburb of St. Davids – is moving several programs, including its new Academy Charter School,…

Iron Stone Real Estate announces lease at Falls Center with Eastern University for new charter school and programs

Philadelphia (May 7, 2009)

Iron Stone Real Estate Companies today announced that Eastern University has signed a lease at Falls Center with its affiliate, 3300 Henry LP. Effective July 1, 2009, Eastern University – based in the Philadelphia suburb of St. Davids – is moving several programs, including its new Academy Charter School,…

$50M fund will buy back bad real estate bank notes

Philadelphia Business Journal

Iron Stone Real Estate Cos. established a $50 million fund and a new division to buy bad bank notes backed by commercial real estate properties. It’s a way for the company’s newly formed debt acquisition division to buy real estate in the region at a huge discount, build up…