Wednesday September 29, 2010
Boston Business Journal
http://www.bizjournals.com/philadelphia/stories/2010/09/20/daily4.html?ana=e_du_pub
On November 12th, Philadelphia will have a bit of celebrity buzz as Jerry Seinfeld and Bette Midler will help commemorate the opening of the National Museum of American Jewish History. This beautiful building which sits across from the Liberty Bell will most certainly attract a lot of new tourism and business to the area.
Wednesday September 29, 2010
Boston Business Journal
http://boston.bizjournals.com/boston/stories/2010/09/27/story2.html?
The biggest threat to the real estate market is no longer residential but commercial properties. Many of the loans that originated during the boom are coming due and many commercial owners will not be able to refinance. Whether it is because of vacancy and/or lower property value, it won’t be surprising to see many large buildings hit the auction blocks. However this can present an opportunity for investors and developers to acquire prime commercial real estate at a discount.
Friday September 10, 2010
Philadelphia Business Journal
Kimpton to Buy Lafayette Building
One of Philadelphia's most recognized areas is getting a major facelift to the tune of $70 million dollars. The Lafayette Building, which sits directly across from Independence National Historical Park, will be converted in to a hotel and restaurant in the near future. The building has sat vacant for years and has been an eye sore. This development will not only increase the value of the overall area but will help spurn more tourism as people will be able to have an extended stay right in the heart of Independence Mall.
Monday August 16, 2010
Metro Philadelphia
Development on Delaware
The new Sugar House casino opening up next month is already having an immediate impact on real estate development in the area. Just across the street, there are plans for a mixed-use project that will build on the momentum of the casino. Philadelphia still has miles of underdeveloped areas along the Delaware River and these types projects will no doubt transform the city.
Sunday July 11, 2010
Metro Philadelphia
More than half of city's students meet standards
Another huge victory for the future of Philadelphia. One of Mayor Nutter's top priorities was education. He along with Superintendent Arlene Ackerman, set a 5 year plan to help improve Philly schools. After a successful year one, their plan is off to a great start. Education is critical to the growth of the city and we're heading in the right direction.
Monday June 14, 2010
Metro Philadelphia
Building a Diamond in the Rough
West Philadelphia is receiving a nice boost from a new condo development near 48th and Brown streets. This 82-unit project is expected to be the first of more, higher-end development to happen in the area. The developers are expecting the area to continue to improve in the future as others see the value and potential of the neighborhood.
Buyers' Market busy in Philly
As the real estate market continues to improve across the nation, Philadelphia remains optimistic. In a survey, 77% of the people in the Philly region think that it's still a great time to buy. This city is heading in the right direction and now is the time to invest.
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