Here's what we're reading this week about the projects, people and policies driving local development:
Looking at the August sales numbers, the Business Journal notes that single family home prices are holding steady, with the stalling more evident in Philadelphia than in surrounding counties
by Ryan Mulligan, Philadelphia Business Journal, Sep 12, 2022
The Business Journal reports on the influx on New Yorkers to Philadelphia since the pandemic and how it is impacting the city’s residential real estate market
by Ryan Mulligan, Philadelphia Business Journal, Sep 8, 2022
The Inquirer reports on the increased use of modular construction for multi-family developments going up around Philadelphia
by Michaelle Bond, The Philadelphia Inquirer, Updated Sep 20, 2022
CBRE expects a strong rebound in revenue per room night for the hotel segment generally in the US, while gateway cities are still lagging
by Richard Barkham, Ph.D. and Rachael Rothman for CBRE
St. Joseph’s University unveils how its merger with University of the Sciences will impact use of the University City campus as it transitions all undergraduate programs to the Hawk Hill campus
by Ryan Mulligan, Philadelphia Business Journal, Sep 16, 2022
The Chestnut Hill Local reports on the ongoing inability to redevelop the historic Germantown YWCA due to Councilmember Bass continuing to invoke Councilmanic prerogative to move on from her designated redeveloper who has failed to be able to undertake the adaptive reuse for over five years
by Carla Robinson, Chestnut Hill Local, Sep 13, 2022
A major warehouse purchase by a Spanish billionaire, used as a distribution center in the Northeast Industrial Park highlights the amount of industrial activity around the Northeast airport
by Ryan Mulligan, Philadelphia Business Journal, Sep 7, 2022
The billionaire founder of Patagonia will be selling the company to a non-profit that will use the company profits for environmental causes and for advocacy work to address climate change
by David Gelles, The New York Times, Sep 14, 2022