Quantcast
Newark, DE
66°
Weather from OpenWeatherMap
Saturday, August 24, 2019

Office condo space in the DuPont Building sold for reported $84 million

Arch Street Capital Advisors  announced the acquisition of a fully leased office condo located within the DuPont Building in downtown Wilmington on behalf of an institutional client. The single-tenant, class A office condo consists of...

Christiana Care lease tops list of largest Delaware Valley Office leases

Christiana Care inked the largest office in the Delaware Valley in the first half of 2019. The 386,400 square foot lease at 800 Concord Pike, the former AstraZeneca campus, now known as Avenue North, according...

Trending: Real estate trust owner gets 51 months for Ponzi scheme

Carl Chen, the owner of Chenmax Properties, Inc., a Delaware Real Estate Investment Trust, and part-owner of Re/Max Sunvest Realty Co., was sentenced Monday in federal court in Delaware to 51 months in prison.  Chen...

Asbestos contractor at Boxwood site facing nearly $33,000 in penalties

A contractor is facing nearly  $33,000 in fines and penalties for environmental violations related to the removal of asbestos during the demolition of the former Boxwood General Motors site. EcoServices and a foreman for the...

Report: DART Container plans to relocate distribution operations to Delaware

The maker of red Solo cups plans to close a plant and distribution center in Maryland as it moves those operations to Delaware. The Baltimore Sun reported that the privately owned container company will close...

Trending: Colliers reports rising retail vacancy rate in sales tax-free northern Delaware

A report from the commercial real estate firm Colliers shows northern Delaware’s sales tax-free status is not preventing an increase in the retail vacancy rate. According to the report, the vacancy rate in New Castle...

$700 million Elkton development not getting a warm  reception

Good afternoon, One would think that plans for a planned $700 million  mixed-use project in Elkton, MD known as Southfields would   have broad-based support A blend of retail, homes, apartments and logistics complexes are envisioned for the...

Trending: The $110 million Flats development moves into the third phase

A Monday ceremony marked the beginning of the next phase of The Flats, a $110 million housing project that is redeveloping Wilmington property dating the early 1900s. Developers recently completed Phase II of the project,...

Dover Motorsports earnings dip, due to lower NASCAR, Firefly revenues

Dover Motorsports, Inc. reported lower earnings in the second quarter as expenses rose and revenues dropped. The race promoter reported lower revenues from the June Firefly Music Festival. That is in keeping with reports from...

Downtown Wilmington  office space glut offsets stronger results in suburbs

A second-quarter report from commercial real estate broker Newmark, Knight, Frank shows downtown Wilmington dealing with a glut of office space. With more than half a million square feet of former Bank of America space...