What We're Reading: Week of August 9, 2022

Here's what we're reading this week about the projects, people and policies driving local development:

Inga Saffron met with David Adelman and shares the more in depth understanding she gained of the Sixers’ plans for their proposed downtown arena

by Inga Saffron, Updated August 8, 2022

The City of Philadelphia is seeking ideas for reuse of the Roundhouse, a notable concrete structure innovative for its time, but with a lot of strong feelings about its use and representation over the years

by Jake Blumgart, Updated August 7, 2022

A notification from 1031corp highlights the little-noticed provision of the new Pennsylvania budget that will bring the Commonwealth in line with the other 49 states, starting in 2023, in not taxing 1031 real estate exchanges after being the lone holdout to not share the federal tax exemption.

A local three part team will be purchasing Chestnut Hill Hospital from Tower Health, and will include the hospital being owned in part by a medical school and by a Catholic Health system that has pledged to not impose religious restrictions on patients

by John George, August 8, 2022

The first phase of development on the grounds of the basilica on Logan Square is nearing completion, having switched many elements from foreign to domestic suppliers to reduce schedule delays

by Natalie Kostelni, July 25, 2022

The Inquirer outlines the ruling in a redlining judgement against Trident mortgage that will provide assistance to minority homebuyers in Pennsylvania, Delaware and New Jersey

by by Jeremy Roebuck and Michaelle Bond, Updated July 27, 2022

A large volume of new multi-family rental units is scheduled to come online in 2023, as reported in the national Business Journal, especially in Sun Belt growth cities, although rental occupancy is easing very slightly, with rental rates still 96.1%, down from a high of 96.9%

by Ashley Fahey, August 11, 2022

Bidding wars for homes are cooling, according to Redfin, whose tracking showed that for the first time in two years, fewer than half the homes listed nationally had more than one offer, although bidding wars were shown to still be active in the Philadelphia metro, with two in three listings still getting multiple offers

by Lily Katz, July 20, 2022