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Thursday, February 14, 2019

Large project awards from Delaware downtown development program

Among the projects to receive funding are a small hotel in downtown Wilmington to apartments and a food truck court. Entities of the Buccini/Pollin Group accounted for the bulk of the developments. Dover NCALL plans...

Chester, New Castle show home sales increase in 2018

Chester and New Castle counties saw single-digit gains in homes sales in 2018, according to figures from Patterson-Schwartz. Three other counties in the company’s sales territory saw small decreases in total sales in  2018. All counties...

State guaranteed loan program to aid unpaid federal workers

After failing to get legislative approval, Gov.  John Carney announced a state-guaranteed, low-interest loan program to assist unpaid federal workers dealing with the federal shutdown. Assisting in the program is M&T Bank. Loans funded through the...

Wilmington seeks to join lawsuit demanding reassessment of property in county

The City of Wilmington has asked to join a lawsuit that calls for a reassessment of property in the state. In so doing, Wilmington Mayor Mike Purzycki, broke ranks with county and state officials who...

First State ranks third from top in real estate foreclosures

Despite a strengthening economy, Delaware’s foreclosure rate remains more than double the national average, according to RealtyTrac,  a company that monitors and compiles   real estate data. The state ranks third in its foreclosure...

Wilmington mayor confirms financial crisis at city Housing Partnership

Wilmington Mayor Mike Purzycki acknowledged the  Wilmington Housing Partnership (WHP)  is in financial difficulty  and vowed to continue to help the agency deal with two troubled developments Prominent Wilmington developer Robert Buccini, who chairs the...

Emory Hill earns Client of Year honors from Mitchell Associates

Mitchell Associates held their 37th Annual “Client of the Year” awards ceremony on December 12th. The principal of the firm, Lou Rosenberg, hosted the ceremony which recognized that the knowledge, understanding and cooperation of the...

Delaware Sears, Kmart stores survive latest wave of closings

Remaining Delaware Sears and Kmart stores survived the latest wave of announced store closings. The retailer announced additional store closings as the deadline for bids for the bankrupt company approached. Eddie Lampert, who combined the two...

Developer of former Claymont steel site donates 15.5  acres for rail station

The developer of the former Evraz Claymont Steel site has donated 15.5 acres for a new Claymont SEPTA train station. St. Louis-based Commercial Development Co. made the donation through its Claymont Properties LLC affiliate. Ground is...

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...