Here's what we're reading this week about the projects, people and policies driving local development:
ULI’s Emerging Trends report looks at the state of all segments of the real estate market across the country in the wake of a year of shifting markets and economic influences
by ULI Reports, Oct. 27, 2022
Post Brother’s sale of the Presidential Apartment complex on City Avenue is the highest sale price ever for an apartment complex in Philadelphia, as noted by the Business Journal as well as the Wall Street Journal
by Ryan Mulligan – Reporter, Philadelphia Business Journal, Nov. 1, 2022
Philadelphia’s hotel and tourism industry is benefitting from the Phillies bringing the World Series to the city, helping to revive a recovering local hospitality industry
by Emma Dooling – Reporter, Philadelphia Business Journal, Oct. 28, 2022
The City of Philadelphia ended the 2022 fiscal year with a fund balance of $775 million, far in excess of the projected $86.5 million end of year fund balance, due to increased tax collection and lingering vacancies on city payrolls
by Ryan Mulligan – Reporter, Philadelphia Business Journal, Oct. 28, 2022
While the future of the University Townhouses site at 39th and Market remains in dispute, Wexford unveiled plans for development across 39th Street that will include 555,000 SF of life sciences laboratories and office, five floors of garage parking and retail uses including a neighborhood supermarket
by Jake Blumgart, Oct. 24, 2022
Philadelphia, Chicago and Washington DC lead the list of cities for conversions of older office buildings to residential uses, according to the National Observer
by Ashley Fahey – Editor, The National Observer: Real Estate Edition, Nov. 3, 2022
Taking advantage of continuing trends of remote working, several smaller lower cost cities are offering cash payments to lure workers to relocate and help strengthen the prospects of those cities
by Andy Medici – Senior Reporter, The Playbook, Oct. 21, 2022
The Inquirer reports on a massive avocado giveaway at FDR Park, where local residents got more than 300,000 free avocados
by Ximena Conde, Oct. 19, 2022