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News
New tenant signs lease at former Avelo base in Wilmington | Exclusive
1+ mon, 3+ week ago (81+ words) Cape Fear Community College will sublease the building formerly occupied by Avelo Airlines at Wilmington International Airport. The college plans to use the facility for an aviation maintenance... New tenant takes over former Avelo building in Wilmington | Exclusive (This story…...
Mars Moves US HQ From Newark to Chicago, Vacates 110,000 SF
1+ mon, 3+ week ago (467+ words) This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter. Mars is leaving its Newark, NJ headquarters for…...
Logistics of the 19804 Zip Code: Why Wilmington Businesses Are Reassessing Office Relocation Strategies
3+ mon, 2+ week ago (503+ words) Over the past few years, a quiet but meaningful shift has been taking place in northern Delaware. Businesses of all sizes are taking a closer look at the 19804 zip code and reconsidering what it means to operate in or relocate…...
Newark hotel lands local buyer in wake of foreclosure
4+ mon, 6+ day ago (406+ words) NEWARK — A Newark hotel that flopped into foreclosure last fall was bought by a local investor with experience in the hospitality sector. Ashok Goyal, a real estate investor based in Santa Clara, led a group that bought the 112-room Hyatt…...
A Wilmington real estate developer is buying up properties in Center City Philadelphia
5+ mon, 2+ week ago (841+ words) Delaware developer Capano Residential has purchased The Arch, an 111-apartment building near the original Comcast skyscraper. One of Delaware’s largest real estate developers, Wilmington-based Capano Residential, is buying buildings in Center City Philadelphia for the first time. The company’s latest…...
Forman Capital Lends $32M for Delaware Residential Community
7+ mon, 1+ week ago (233+ words) A-Del Construction has sealed $31.55 million of construction financing to develop a single-family home community in Delaware, Commercial Observer has learned. Forman Capital closed the loan to fund A-Del’s planned Silver View Farm project in Middletown Del., while Real Property Capital’s…...
CBRE Negotiates Sale of 43-Unit Multifamily Portfolio in Newark
11+ mon, 6+ day ago (207+ words) NEWARK, N.J. — CBRE has negotiated the sale of a portfolio of two multifamily buildings totaling 43 units in Newark. The building at 66-68 Garside St. consists of 20 gut-renovated units and 3,000 square feet of commercial space. The building at 536-540 Central Ave. is being redeveloped…...
BXP, Delaware North Secure $465M Loan For Tower Next To TD Garden: The Boston Deal Sheet
11+ mon, 2+ week ago (608+ words) BXP and Delaware North landed a major refinancing deal for The Hub on Causeway, the mixed-use tower that sits next to TD Garden and atop North Station. The office REIT and the hospitality group secured a $465M loan for a section…...