Quantcast
Newark, DE
80°
Weather from OpenWeatherMap
Wednesday, August 21, 2019

Beach replenishment completed as Lighthouse Cove in Dewey development advances

The Lighthouse Cove Development Company has completed the replenishment of beach along Rehoboth Bay as part of its ongoing mixed-use Lighthouse Cove development in Dewey Beach. The replenishment is one of a number of public amenities...

Delaware-licensed mortgage company fined $1.75 million by federal bureau

The Consumer Financial Protection Bureau (Bureau) announced a settlement with Freedom Mortgage Corporation, one of the largest in the industry. Freedom is a mortgage lender with its principal place of business in Mount Laurel, NJ....

Trending: JPMorgan Chase buys large tract near Delaware line

JPMorgan Chase  has snapped up a large tract from the shopping center and office investor PREIT. The Chester County Press  reported the sale of the 187-acre tract for a reported $11 million.  PREIT (formerly Pennsylvania...

Retailer Dressbarn calls it quits

Dressbarn announced plans to wind down retail operations that include stores in Delaware. The 650-unit  chain of moderately priced closing stores has locations in Bear, Middletown, Rehoboth, and suburban Wilmington. All Dressbarn stores are open and...

I.M. Pei, a legendary architect whose body of work includes landmark...

Noted architect I.M. Pei has died at age 102, the  Boston Globe and other media outlets reported.  Pei was known for his work throughout the world that included the striking entrance to the Louvre art...

Del mortgage bankers to host update on local, regional housing market featuring Moody’s analyst

An expert economic analyst will share his research on the current residential market and what to expect in the future at an exclusive event on June 6 presented by the Delaware Mortgage Bankers Association. Andres...

$3.2 million in project awards take aim at blighted housing in Delaware

Seven projects statewide will receive $3.2 million from Delaware’s Strong Neighborhoods Housing Fund to address vacant, abandoned or foreclosed properties. The Strong Neighborhoods Housing Fund is used to support community development, address crime and transform...

Updated; Developer plans hotel on North Market St.

A mid-sized office building on North Market Street could become a 136-room  hotel.  Driftwood Acquisitions and Development (DAD) – a privately held investment firm specializing in the acquisition, development, and investment syndication hotel assets -...

Kent Economic Partnership rolls out new Choose Centra Delaware website

 Choose Central Delaware (Kent Economic Partnership) launched its new economic development website: ChooseCentralDelaware.com. The website contains information on choosing  Central Delaware as a location.  The website also has information for existing businesses to assist in their...

Leasing activity modest as industrial space remains in tight supply in New Castle County

Industrial real estate leasing activity was modest in New Castle Count in the first quarter. A report from  Newmark Knight Frank (NKF) reported that the county saw a little less than 20,000 square feet of...