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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…...
Hulking Wilmington Office Slated For Resi Conversion Following Life Sciences Firm's Exit
6+ mon, 3+ week ago (511+ words) Wilmington officials and real estate players celebrated in spring 2024 when Incyte purchased 500K SF of the Bracebridge office complex that dominates the north side of the city’s downtown. The life sciences firm was working to renovate the property, but with construction…...
Former Delaware Park office will transform into nearly 200 apartments
7+ mon, 2+ day ago (91+ words) The development calls for 179 apartments across six buildings, a clubhouse and retail space just off Kirkwood Highway. Former Delaware Park office will transform into nearly 200 apartments A developer is transforming the location of a former Delaware Park office building into…...
Goldman Sachs Loans $119M to Build Newark Multifamily Project
9+ mon, 2+ day ago (155+ words) A joint venture between SK Development and the Berger Organization has secured $239 million in construction financing to build 22 Fulton Street, a 395-unit, partially affordable multifamily tower in Newark, N.J. Goldman Sachs’ Urban Investment Group provided a $119 million construction loan that includes…...
Buccini Pollin Begins Work on $110M Multifamily Redevelopment Project in Wilmington, Delaware
10+ mon, 3+ week ago (286+ words) WILMINGTON, DEL. — Regional developer Buccini Pollin Group has begun work on a $110 million multifamily redevelopment project in Wilmington. The project represents Phase III of The Standard, a 363-unit apartment complex that is an adaptive reuse of the former office building…...
Audible launches The Pillars retail hub in Newark with minority-owned shops
10+ mon, 4+ week ago (877+ words) Audible opens a reail hub at the base of Newark skyscraper Shawna Cristian and Dawn Fitch brought their businesses to Newark from far different places, but occupy a new space intended to bring people who live and work in Newark…...