Real estate blog entries tagged with waldorf astoria by James Yoakum, SFR (Brown McKinney Real Estate Company)

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Home : Blogs : James Yoakum, SFR : Real Estate Ramblings : Tag "waldorf astoria"

waldorf astoria: 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

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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

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Observations from my work in the wide world of real estate with a frequent focus on the Philadelphia market.

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