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Friday, July 28, 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...

Richards, Layton & Finger again tops list in mergers and acquisition work

Richards, Layton & Finger,  Wilmington, reported that it led The Deal’s ranking of merger and acquisitions transactions handled by Delaware law firms in the first half of 2017. Posting 24 deals valued at $100 million or more, Richards...
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South Africa entrepreneurs seek ties with Delaware (Video)

Last week in Wilmington, a group of 15 to 20 young entrepreneurs from South Africa are looking to form partnerships with various corporations in Delaware in hopes of obtaining a new set of skills,...

OpenBracket national competition to return to Wilmington in late October

The finals in national  OpenBracket competition will return to Wilmington in October. The Delaware organization announced the competition on its website. Work on the event has been under way since early this year. The first round...

Wilmington, Dover rank 72nd and 115th in city service quality report

Source: WalletHub Dover ended up in the top half and Wilmington found itself in the bottom third in a ranking of poorly run and smoothly functioning cities in the U.S. Dover ranked 72nd and Wilmington...

Fewer Wilmington train stops as ‘summer from hell’ gets under way...

Wilmington Amtrak passengers  have fewer options beginning today as work begins on Penn Station in New York City. The passenger rail service will keep its  upscale Acela Express service, while cutting back on regional trains....

Delaware Board of Trade opens and enters into agreement with exchange group

The Delaware Board of Trade has opened and entered into an agreement with NextGen Exchange Group that involves blockchain and other types of investment technology. According to a release,  NextGen will transfer 5 percent of...

After legalization effort falls short, legislator seeks task force to study issues

As an effort to legalize marijuana apparently fell short,  Rep. Helene Keeley filed legislation Friday that would create a cannabis task force. The draft measure would create a task force to make recommendations and focus on...
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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,...