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Friday, December 14, 2018

Prosperity Partnership working with 30 companies

The Delaware Prosperity Partnership announced that it is  currently engaged with 30 companies focused on business recruitment, business growth or business retention.  The  30 projects represent a total of approximately $80 million  in potential...

Millsboro strip center with Weis supermarket as anchor tenant sold to Pennsylvania entity

Marcus & Millichap, a  commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Nanticoke Crossing, a 50,590-square-foot retail property located in Millsboro. Nanticoke Crossing consists of...

Ground broken on first phase of 350-unit apartment complex at former Bancroft Mills site

Louis J. Capano III of Capano Residential and Wilmington Mayor Mike Purzycki participated in a groundbreaking ceremony for a new 346-unit apartment development complex in Wilmington’s newest community of Rockford Falls. The new apartments will...

Carload Express to operate state-owned short lines in Delaware

Carload Express, Inc. has announced a second expansion of rail freight service in the Delmarva Peninsula.   Carload’s Delmarva Central Railroad (“DCR”) was selected through competitive bid to operate two rail lines owned by the State...

Demolition under way at the GM Boxwood site

Demolition is getting underway this week at the former Boxwood GM plant as the auto and truck giant announces plant closings after several years of stability. Ryan Kennedy of Harvey, Hanna & Associates, Newark, owner...

Opportunity Zone update worth a close look

Good afternoon, It isn’t easy to get the commercial real estate and development community excited. As word gets out about the federal government’s  Opportunity Zone program, I have detected a  degree of enthusiasm. News of the program has...

Emory Hill sells industrial properties

Emory Hill recently sold a portfolio of four industrial properties totaling 241,000 square feet in New Castle County. The four buildings were 100 percent occupied at the time of the sale. The properties were  110...

Updated: Ground broken on $10 million transit hub in Wilmington

State and local officials are expected to be on hand for the ceremonial groundbreaking of a new Wilmington Transit Center on Monday. The $10 million center is being constructed as part of a public-private partnership...

Multimillion dollar sound stage coming to Wilmington

https://vimeo.com/301209560 (Video courtesy of Out & and About) Scott Humphrey, president of Light Action Productions based in New Castle, announced plans to build a new multi-million dollar sound stage on Wilmington’s 7th Street Peninsula. The former industrial area...

State rolls out website featuring Delaware’s Opportunity Zones

A   new interactive website   highlighting Delaware’s Opportunity Zones across the state has gone live. Opportunity Zones are an economic development tool designed to attract private investment and create economic opportunity in economically-distressed communities across Delaware. The zones...