WILMINGTON – After the last quarter of 2020 saw employers finally begin to shed office space in the wake of the COVID-19 pandemic, the start of 2021 saw a continuation of the trend, according to ...
WILMINGTON – The Delaware College of Art and Design (DCAD) recently sold its neighboring residence hall to a New Jersey-based real estate investment and management firm, which is converting it into a market-rate apartment building. ...
WILMINGTON – Much has been written about the worry that the COVID-19 pandemic will lead to an office exodus, imperiling central business markets that depend on their workers, but Wilmington has yet to see evidence ...
WILMINGTON – A downtown Market Street high-rise that is home to the U.S. Bankruptcy Court for the District of Delaware recently sold for more than $16 million to a New Jersey-based commercial real estate investment ...
Two different Rite Aid pharmacies in Delaware have been put on the market by their owners in recent weeks, both seeking to fetch millions in investment sales. The location at 399 New London Road in ...
WILMINGTON – CBRE has announced that Washington, D.C.-based Douglas Development Corporation has acquired the PNC Bank Center. The 289,303-square-feet Class A office space is located at 222 Delaware Ave. According to county land records, the ...
By Kathy Canavan Special to Delaware Business Times Delaware’s commercial real estate market looked good in the third quarter, with even the lagging office market beginning to pick up, according to John Kaczowka, senior vice ...
The life-science industry is leading economic growth, and in turn real estate development, throughout the Philadelphia region, according to a new report from market insight firm CBRE. The sector, which includes pharmaceuticals, biotechnology and medical-device ...
Financial services, legal, and chemical sectors have helped grow office occupancy in Wilmington’s central business district in 2017, according to CBRE. Occupancy grew by more than 280,000 square feet in the central business district. The ...
The commercial real estate sector in Wilmington’s Central Business District performed very well in the second quarter, showing the lowest level of office vacancy since before the recession, according to CBRE. It recorded 1926,289 square ...
