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Wednesday, July 26, 2017

$65 million note for Hercules Plaza sells for nearly $23 million

A $65 million note for the  Hercules Plaza  Building has been sold for about $23 million. Commercial Observer reported that Brooklyn-based CREMAC Asset MManagement agreed to the deep discount for the note. The note had been...

Planners give a thumbs down to Brandywine Country Club redevelopment

The Brandywine Country Club project could be getting a do-over. Capano family interests purchased the property off Concord Pike in Brandywine Hundred with the intent of constructing a multi-use project with upwards of 600 apartments. New...

DuPont Country Club officially on the sales block

The DuPont Country Club has been publicly listed for sale by international real estate broker CBRE. The club was headed for  salea   as the company worked to cut costs by selling the Hotel duPont property...

Contrary to popular belief, millennials are saving up for homes

Millennials are taking their role as the next generation of homebuyers seriously, with one-third planning to purchase a home within the next four to five years, according to the Chase Slate 2017 Credit Outlook. Slate...
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Bancroft Mills state park vehicle lot to close as demolition gets underway

The state-owned parking lot at Bancroft Mills, which was used for getting to the southern portion of Alapocas Run State Park along the Brandywine River,  will close for public use July 10. DNREC’s Division...

Downtown Wilmington’s office leasing market posts gain in 2nd quarter

A report from Newmark Knight Frank (NKF) showed gains in the downtown Wilmington office leasing market. NKF operates an office in Wilmington. Overall vacancy rates were down in other suburban markets in the Philadelphia area,...

Big Beach Builds renewed for second season

DIY Network has renewed Delaware-centered  Big Beach Builds for a second season. The new eight episodes will showcase Marnie Oursler, a contractor and fifth-generation builder, and her team as they restore beach houses  that can...

County officials celebrate 75th home purchase under Workforce Housing Program

New Castle County Executive Matthew Meyer, County Councilman John Cartier, county government housing staff and housing advocates visited Claymont’s Darley Green on Monday to mark the 75th purchase of a home through New Castle County’s  Workforce Housing...

Former Coach House site in Claymont sold to retail developer

PennTex  Ventures, Greensburg, PA, a regional developer for several retail chains, recently purchased 2605 Philadelphia Pike in Claymont for the development of a retail store. Terms were not announced. NAI Emory Hill agents Becky Harrington...

Development panel upbeat, while taking aim at lengthy county approval process

In a marked contrast to the grim state budget news coming out of Dover, a panel comprised of members of the development community offered an upbeat outlook for 2017 in northern Delaware. On the minus...