Commercial real estate transactions and announcements of note from across the Philadelphia region.
The plans presented to the Historic Preservation Office propose 39 residential units and amenity spaces in an eight-story development adjacent to the church.
While the barriers to enter the flexible office market seem low, the barriers to success remain high.
The property contains 63K SF of office space, 42K SF of which is vacant, plus 40 apartment units and retail.
The property was also set to sell in March, but the deal fell through.
A loan backing 10 Silicon Valley mixed-use properties defaulted in June.
Developer Gregory McCarthy filed plans for an office-to-residential conversion project for a largely unoccupied Financial District building.
The layoffs impact employees in various offices, including Fair Housing, Public and Indian Housing, and Community Planning and Development.
Democratic senators had asked the Government Accountability Office to investigate Pulte's role in allegations against Fed Governor Lisa Cook and others.
The financing from Nuveen Green Capital for the Connecticut Avenue office-to-residential conversion appears to set a record for C-PACE loans.
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