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Friday, January 17, 2020

DuPont to sell portion of Chestnut Run site to Delle Donne

DuPont Co. has  signed a letter of intent to sell  Chestnut Run  buildings and land to Delle Donne Associates, a locally-based real estate development firm.    A portion of the campus will be redeveloped into a...

Concord Mall sold by Allied Retail Properties

Delaware Online.com (subscription) reported Friday that Concord  Mall has been sold by north Wilmington based Allied Retail  Properties. Neither the sales price, nor the identity of the buyer  was not announced. The 800,000 square-foot mall is...

Housing fund announces $1 million in funding for two dozen homes

Seven   housing projects statewide will receive $1 million from Delaware’s Housing Development Fund. The HDF, Delaware’s housing trust fund, was created for the purpose of providing affordable low and moderate-income households. Nonprofit developers or...

Beebe to anchor medical pavillion in Milton

Phoenix RHCS Holdings announced  the new Jerry Ann McLamb Medical Pavilion in Milton. The two-building pavilion in Sussex County will be anchored by Beebe Healthcare. Rick Schaffer, Acting Interim CEO  of Beebe Healthcare, stated:  “Beebe will be establishing a coordinated Milton campus where we will...

Encouraging signs appear in office leasing market despite the addition of Bank of...

While the big office space leasing story in 2019 came with Bank of America's withdrawal from 500,000 square feet of space in downtown Wilmington, the firm of Newmark Knight Frank saw a number of...

Master plan for Concord Pike raises eyebrows

 Good afternoon, Master plans often  draw yawns. That  wasn’t the case last month with Concord Pike. Residents  turned out for the workshop from the (Wilmington Area Planning Council) WILMAPCO and by many accounts did  not like what...

Joint venture acquires 140,205-square-foot Eden Hill Medical Center in Dover

MedProperties Realty Advisors, LLC announced that it has formed a joint venture (JV) with Capital Security Advisors and Physicians Realty Trust to acquire its first health care property in Delaware - the 140,205 square foot,...

From WHYY: Can co-working work in Wilmington suburbs?

By Mark Eichman, WHYY Coworking is a big trend in office real estate these days, with workers from different small business sharing space in a loft-style office, often with short-term leases. Robert Herrera has had big...

Buccini/Pollin, Penguins to develop Pittsburgh office tower complex

Wilmington-based   Buccini/Pollin Group (BPG) and an affiliate of the National Hockey League’s Pittsburgh Penguins   announced plans to develop a  400-foot-tall office tower on the former site of the Pittsburgh Civic Arena.  The project...

Food & drink: Farewell to Forgotten Mile and  first Two Stones location

In an all-too-common announcement we see this time of year, Forgotten Mile Ale House will close its doors on Jan. 5. “We have recently decided that we are going to close down after the new year....