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What We're Reading: Week of October 10, 2022

What We're Reading

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

The Philadelphia Business Journal: Unchecked crime in Philadelphia is causing Wawa to shut some Philadelphia locations and rethink locations in Philadelphia even as it continues rapid expansion plans elsewhere

by Ryan Mulligan, October 12, 2022

The Philadelphia Business Journal: The owners of Centre Square, the two tower 1.8mm square foot prominent office complex across from City Hall, is requesting an extension of its 2019 refinancing, as it addresses loss of some major tenants and is in negotiations with prospective new tenants

by Ryan Mulligan, October 7, 2022

SEPTA reports that FMC is the latest partner in its “SEPTA Key Advantage” program, where companies, and then institutions, will provide unlimited keycards to employees and students as a travel benefit, and revive SEPTA’s ridership

Published October 5, 2022

Pennsylvania Capital Star reports on legislators in Harrisburg who are calling for action on environmental justice, starting with enforcing existing laws and regulations in Pennsylvania

by Cassie Miller, October 5, 2022

The New York Times looks at the reasons the “starter house” is nearly extinct, in large part due to rising land costs, zoning regulations and costs over the construction cost of the house itself

by Emily Badger, September 25, 2022

Barrons reports on homebuilder Lennar’s assessment of the impact of the Fed’s interest rate hikes in three types of markets across the country where it is building new homes; Philadelphia is one of the seven markets where it has seen the most dramatic downturn in its new housing developments

by Shaina Mishkin, Updated September 22, 2022

HousingWire reports that Wells Fargo is pulling back from its mortgage lending, in the wake of its latest settlement of a suit claiming wrongful practices in regard to over 200,000 home mortgage customers

by James Kleimann, September 16, 2022

Center Square explains a recently passed bill in Harrisburg that allows an exception to the “uniformity clause” to allow a target real estate tax abatement for development of new affordable housing units

by Anthony Hennen, July 12, 2022

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