Ensemble/Mosaic and Korman managed to get financing for a mixed-income, 614-unit project in an unprecedented location because of their commitment to DEI values.
Office debt distress is growing at an accelerating pace, driving overall CRE distress to levels not seen since the aftermath of the Global Financial Crisis.
The copious demand that drove a development boom for Philly life sciences turned out to be a mirage — one that landlords and brokers say they didn’t fall for.
The copious demand that drove a development boom for Philly life sciences turned out to be a mirage — one that landlords and brokers say they didn’t fall for.
Anecdotes of creative debt solutions are piling up, but commercial real estate is still in a credit crunch. Discounted payoffs could be the next lever to pull.
The parent company of Sports Illustrated is expanding the brand into sports-oriented resorts, including in college football towns like Tuscaloosa, Alabama.
National Real Estate Development and Frontier Development & Hospitality have been tabbed to redevelop Philly’s Family Court building, with a plan for much more.