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Thursday, July 29, 2021
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Governor signs business site readiness bill

Governor John Carney on Tuesday signed Senate Bill 127, a measure that creates a site readiness fund. Senate Bill 127 offers assistance in the development or improvement of commercial and industrial sites to attract businesses. The fund...
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Growth in Delaware building permits for home construction tops in nation

Despite the challenges stemming from Covid-19, Delaware ranked first in a report issued earlier this year on the percentage increase of new home building permits. Delaware recorded a 27 percent gain, above the figure for...
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Duck Creek Business Campus has its first ‘spec’ building

JLL and KRM Development are marketing a 70,000-square-foot spec building with the option of expanding up to 140,000 square feet at the Duck Creek Business Campus. The campus also offers various lot sizes available for...
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Plans unveiled for 1,350-home community in Milton

Convergence Communities, a real estate development firm  has submitted plans for a 1,350-unit master planned community in Milton known as  The Granary at Draper Farm. Convergence has also submitted an  application to have the 450-acre...
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Three downtown buildings sold in Seaford

Advisor George Merritt of NAI Coastal, Salisbury, MD,  recently brokered the sale of a multi-property investment portfolio located on High Street in downtown Seaford.   The buyer and seller were  not disclosed.   The portfolio consisted of three...
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Buccini/Pollin buys square block of buildings in LOMA area of Downtown Wilmington

Wilmington-based developer, The Buccini/Pollin Group, Inc. has purchased Lincoln Square. Located at 300-318 N Market Street, Wilmington,  Lincoln Square is a collection of ten contiguous buildings totaling 48,000 square feet. The buildings encompass a city...
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Dover Downs owner Bally’s engineers sale-leaseback of Delaware property’s real estate

Dover Downs owner Bally's Corporation has a lot on its plate these days, including a recent deal that unloads the Delaware casino's real estate.  Gaming and Leisure Properties is buying the real estate associated with...
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Middletown Council gives first OK to vaccine manufacturing site that could employ as...

The Middletown Town Council approved a preliminary plan for a vaccine manufacturing campus following a public hearing earlier in the week. Final action will be taken at a meeting in early July.  The preliminary major land development...
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Delaware sees third-largest drop in percentage of available apartments

Apartments are tougher to find and rents are rising, according to a report from QuoteWizard, a LendingTree company.   That scarcity has led to a 12.3% increase in rental rates,   Delaware ranked third among the 50 states in...
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Ribbon cut on new apartment community in the DuPont Building

A ribbon-cutting this week marked the opening of 101 dupont place. Wilmington-based developer, The Buccini/Pollin Group, Inc. (BPG), BPGS Construction, and ResideBPG marked the opening of the project at 101 W 10th Street in the...