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Tuesday, April 20, 2021
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Buccini/Pollin Group reports $300 million in lease deals

The Buccini/Pollin Group report the execution of nearly one million square feet and $300 million in lease transactions. BPG executed over 75 new and renewal deals, representing stability across its commercial portfolio despite uncertainty in...
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Wilmington area leasing market feeling the effects of office downsizing

According to a Newmark report, the northern Delaware office market is beginning to take a hit from the coronavirus pandemic. The commercial real estate firm reported that the Wilmington area office sector remained relatively stable...
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Baltimore firm purchases Seaford business center

Baltimore-based Kraus Development has purchased the Venture Business Center in Seaford.   John McClellan and Kelly Jeter with SVN Miller Commercial Real Estate brokered the sale of  the center  at 180 Kent Drive.   This is the second...
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Amazon leasing 104,000 square feet in Seaford

Amazon plans to occupy  104,000 square feet in Seaford, beginning in May. The company will lease a now-vacant  warehouse on a 12-acre site at 1700 Dulaney St. Brad Gillis of NAI Coastal served as broker. The delivery...
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Web tool offers dollar estimates for flood damage risk in Delaware, other states

 First Street Foundation has added dollar estimates of flood damage for individual residential homes to its flood risk assessment tool known as Flood Factor. Click here to access the online tool and view the flood risk...
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Newmark report details Amazon-fueled industrial real estate boom

Delaware, the nation’s second-smallest state by land  area has an outsized industrial property pipeline, with  demand to match. That's according to a recent report from Newmark, a commercial estate firm with an office in...
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Remembering Leigh Johnstone; UD’s Covid struggle

Good afternoon, It was sad to learn this week about the passing of  Paul "Leigh" Johnstone at 79. The Vietnam veteran and commercial real estate professional provided  an entertaining education in a vital sector of the...
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From the Public Archives: Remembering Wanamaker’s 100th anniversary and its store near Wilmington

https://www.facebook.com/DelawarePublicArchives/photos/a.10151218634131995/10159509282596995/
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Wilmington Council ups penalties for landlords who ignore code violations

The  Wilmington City Council ended a five-year stalemate and approved reforms to the city’s housing code that aim to stop landlords from ignoring code violations. The new ordinance takes effect July 1 in a city...
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Purzycki gains a victory in blight fight

Good afternoon, It took winning a second term before  Wilmington Mayor Mike Purzycki saw success in a long-running effort to deal with blighted properties. The City Council last week passed changes that will stiffen financial penalties...