The private equity giant's latest fund will target assets in North America, Europe and Australia. It plans to issue new loans and buy existing debt.
Jefferson Health is considering a move out of its Center City headquarters at 1101 Market St. in Philadelphia, the system's CEO Joseph Cacchione said.
The sites are co-owned for now by the wife of the late U.S. Rep. Patrick Swindell.
Opportunity zone fund managers expect President Donald Trump and Congress will extend the program this year, leading investors to pour money into the space.
Philadelphia's Tax Reform Commission recommended that the city explore a 20-year tax abatement for office conversion projects amid high vacancy in Center City.
The Philadelphia 76ers explained their sudden decision to remain in South Philly during a press conference on Monday.
Wealthy travelers continue boosting revenue at top-tier hotels while the rest of the sector see growth slide. Cheaper debt could spur a wave of investment.
If the House budget eventually gets approved, it would meet 90% of the program's need, and about 283,000 households would lose voucher access.
Ground leases may offer developers a way to get projects done that otherwise wouldn't have had the chance to come to fruition.
Mayor Cherelle Parker's $6.7M budget proposal includes borrowing $800M for her housing initiative and eliminating Philadelphia's construction impact tax.
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