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Thursday, August 16, 2018

NAI Emory Hill announces commercial leases, aquatic center land purchase

NAI Emory Hill, New Castle,  announced the following transactions: United Cocoa Processor, Inc. leased 28,050  square feet of industrial space at 100 Lake Drive in Glasgow. A manufacturer of cocoa products such as cocoa...

Delaware housing starts post mixed performance

Delaware posted a weaker performance than adjacent areas in a recent report on new housing starts and closings. MetroStudy reported  annual starts up 3.7 percent over the second quarter of last year, but saw annual...

Leslie Kopp Group one of the top real estate groups in national sales ranking

The Leslie Kopp Group of  Long & Foster Real Estate has been named as one of the top real estate teams in the nation in sales. The Bethany Beach -based team ranked 141st nationwide based...

‘Urban oasis’ apartment community unveiled on Ninth Street in downtown ...

Buccini/Pollin Group companies cut the ribbon last week on   The Residences at Mid-town Park in downtown Wilmington at 116 W. 9th St. The Residences offers studios, one and two-bedroom apartments with stainless-steel appliances, quartz countertops and other details. The...

Downtown vacancy rate up slightly, Colliers report indicates

A report from  Colliers  showed that Downtown Wilmington’s vacancy increased slightly from an adjusted 16.2 percent to 16.3 percent in the second quarter. Downtown Class A buildings had stable vacancy at 13.3 percent, but the...

Just Cabinets holding going out of business sale

A small chain that sells cabinets and furniture holding a going out of business sale. Just Cabinets announced on its website  it is offering up to 75 percent off items in its store. Two of the...

Rite Aid, Albertsons walk away from merger

Rite Aid Corporation announced that it agreed with Acme-Safeway owner Albertsons Companies Inc. to terminate a merger agreement. "While we believed in the merits of the combination with Albertsons, we have heard the views expressed by...

Good morning, New Delaware Chamber of Commerce President Michael Quaranta deserves credit for focusing on the development permitting process. “While no one wants to put public health or safety at risk, we must be creative in...

Brookstone files for Chapter 11, plans to close down all mall stores including...

Brookstone Company, Inc. has filed for Chapter 11 protection in Delaware and announced plans to close down about 100 stores, including a location in Christiana Mall. The company cited continued deterioration of traditional retail mall traffic. “Today...

NKF reports slightly higher vacancy rate in New Castle County office market

The outlook for  downtown ‘concerning’ The office vacancy rate in northern New Castle County rose slightly in the second quarter to 14.4 percent from 14.1 percent, according to NKF as a financial services company vacated...
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