The Bedford Inn at 805 Stockton Ave. has been listed for $4.9 million. By Emma Dooling A pair of century-old Jersey Shore properties currently home to bed and breakfasts, both just blocks from the beach, have hit the market, each with an asking price of nearly $5 million. The Bedford Inn at 805 Stockton Ave. …
2 Victorian Jersey Shore B&Bs within blocks of the beach hit market for nearly $5M each Read More »
A rendering shows Brandywine Realty Trust’s planned 800,000-square-foot office and life sciences tower at 3001 John F. Kennedy Blvd. in Schuylkill Yards. BRANDYWINE REALTY TRUST By Paul Schwedelson With the first two ground-up buildings at Schuylkill Yards in their final stages of development, Brandywine Realty Trust is plotting its next steps for the third. Philadelphia-based …
The Wanamaker Building is located at 1300 Market St. across from City Hall. By Paul Schwedelson The historic Wanamaker Building has been placed in receivership as one of Center City’s most recognizable office properties struggles to retain tenants and debtholders pursue foreclosure to satisfy a $112 million unpaid mortgage balance. An emergency petition filed by …
Velocity Venture Partners bought a 195,500-square-foot industrial building in Lawrenceville, N.J. By Paul Schwedelson Velocity Venture Partners continues to grow its reach in New Jersey, paying $12.1 million to acquire a 195,500-square-foot industrial building in Lawrenceville. The seller, pharmaceutical company Aurobindo, used the building at 2572 Brunswick Pike for manufacturing. Velocity also has three nearby …
Dale Asplund spent over 25 years at United Rentals Inc. By Ryan Mulligan Blue Bell’s BrightView Holdings Inc. has named a new CEO and landed a $500 million investment from a private equity firm to help pay down debt. The nation’s largest commercial landscaper appointed United Rentals COO Dale Asplund as chief executive, effective Oct. …
Blue Bell’s BrightView Holdings lands $500M investment, names new CEO Read More »
A proposed 157-unit residential building at Frankford and Lehigh avenues in Philadelphia’s Kensington neighborhood. By Paul Schwedelson The site of a tire shop in Kensington could be transformed into a 157-unit apartment building on the corner of East Lehigh and Frankford avenues as part of a vision by developer Isaac Singleton to help “activate” the …
Extremely enticing spot’: Kensington tire shop site eyed for 157-unit apartment building Read More »
SBA is making several changes to the Small Business Investment Company program, including some to increase participation. By Andy Medici The Small Business Administration has finalized a series of changes to its Small Business Investment Company program, and it’s encouraging companies to apply. Starting Aug. 17, private market fund managers can apply for two new …
SBA rolls out changes to multibillion-dollar investment program Read More »
A rendering shows one of the two buildings planned as part of the Lower Bucks Logistics Hub. By Paul Schwedelson A Boston developer took a major step with its planned 814,567-square-foot industrial complex in Bucks County by securing a $114 million construction loan from Mesa West Capital. Foxfield’s Lower Bucks Logistics Hub is planned to …
Developer lands $114M construction loan for Bucks County industrial project Read More »
A rendering shows the Philadelphia 76ers’ proposed Center City arena looking southwest. By Ryan Mulligan The Philadelphia 76ers are expanding plans for a $1.3 billion Center City arena to include a 20-story apartment tower that would sit atop their proposed Market Street home. The mixed-income residential building, which would cost an additional $250 million and …
Philadelphia 76ers add $250M apartment tower to Center City arena proposal Read More »
The American country club is at a crossroads. By Andy Medici The 99-year-old Decatur Country Club in Alabama closed in late 2022 after years of declining membership and rising costs. After 125 years, the Bethlehem Country Club in Vermont is set to close after the 2023 season. Gainesville Country Club in Florida put itself up …
Country clubs are at a crossroads. Some are closing. Some see a big opportunity. Read More »
