The historic Wanamaker Building in Center City is slated for a foreclosure auction on June 3, with New York-based developer TF Cornerstone holding a $120 million head start. The firm, which acquired the majority of the building’s debt earlier this year, was granted a credit bid of $120 million – the amount owed by current… Read more »
After acquiring a significant portion of the debt on the historic Wanamaker building, TF Cornerstone is now attempting to take control of the Center City office space from its owner, Rubenstein Partners. With the New York-based developer now in possession of the loan, the foreclosure situation has changed. Instead of being managed by a commercial… Read more »
