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Great Article on Temple Student Housing - 10/15/10 10:53 AM
This article from today's Philadelphia Inquirer gives a nice overview of the world of student housing around Temple University - a must read for investors in this area:
New Temple student housing stirs a renaissance west of Broad Street
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Good News for Powelton Village and Mantua - 10/06/10 01:43 PM
Drexel University's new president, John Fry, announced a goal of improving the neighborhoods surrounding Drexel's campus. Given that he was part of Penn's initiatives to improve University City during the 1990's and 2000's I think it's safe to be optimistic that he will have a positive impact on the Powelton Village and Mantua neighborhoods just north of Drexel. Along with expanding Drexel's security presence, Mr. Fry announced plans to encourage Drexel employees to purchase and maintain homes in the neighborhood, and also spoke of cracking-down on sub-standard off-campus housing, a serious problem that too often flies under the radar throughout Philadelphia.
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Center City Auction Gives Pulse of Local Commercial Market - 10/06/10 08:41 AM
Yesterday's auction of 1441 Chestnut - a parking lot in Center City that has been awaiting redevelopment for years - gave some good indications of where the local commercial real estate market stands. The property traded hands for $12,000,000, with the winning bidder being one of the partners in the group that already owned the property and had been trying to develop it as a hotel and condo tower.
The main conclusion to be drawn from auctions like this one is that there is still very little demand for speculative properties in Philadelphia, especially vacant land. Even in one of the … (0 comments)
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James Yoakum, SFR
Philadelphia,
PA
More about me…
Brown McKinney Real Estate Company
Address: 1733 Spring Garden Street, Philadelphia, PA, 19130
Office Phone: (215) 825-2250 x 1002
Cell Phone: (267) 496-7739
Email Me
Observations from my work in the wide world of real estate with a frequent focus on the Philadelphia market.
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