Woodbury Heights
REAL ESTATE
Affordable housing in Grays Ferry; Phillies’ best team ever; SEPTA safety order | Morning roundup
‘It’s just a blessing’: Philly officials and residents celebrate affordable housing development in Grays Ferry. Plan Philly’s Aaron Moselle writes about how the Philadelphia Housing Authority (PHA) partnered with the nonprofit Women’s Community Revitalization Project (WCRP) to jointly subsidize 27 units at the Arlene Thorpe Townhomes, with monthly rent ranging from $282 for a one-bedroom apartment to $890 for a three-bedroom unit.
Hudson Atlantic’s Zweibel orchestrates sale of Garrett House Apartments in Drexel Hill, PA
Drexel Hill, PA — Garrett House Apartments, a landmark 57-unit apartment building nestled in the heart of Drexel Hill, has recently been sold after forty years under the original owners. The property has been sold for $6 million at a 5.75% cap rate. The sale was orchestrated by Adam Zweibel, founder, and managing partner of Hudson Atlantic, a leading real estate brokerage firm specializing in multi-family properties.
New York Times: Delaware County Homeowners Pay More These Days for Insurance
The average Delaware County homeowner paid a lower premium last year, $1,969, to insure their homes than the average U.S. households paid, which was $2,530. Delaware County insurance premiums cost about .6 percent of a typical home’s value. Even so, Delaware County insurance premiums were 29 percent higher than...
WCRE brokers lease for 2,144 sq. ft. retail space in Stratford
Gemini Venue has leased 2,144 square feet of space within Stratford Square, according to South Jersey-based Wolf Commercial Real Estate, which represented the landlord, New Ways Holdings III, in the transaction. Located at 222 S. White Horse Pike in Stratford, the center is strategically positioned directly off heavily traveled White...
Corten Real Estate Closes Second Fund, Exceeds Target with $283 Million
PHILADELPHIA, PA — Corten Real Estate Management LLC announced the final closing of its second commingled fund, Corten Real Estate Fund II LP, along with a discretionary co-investment sidecar on March 28, 2024. Combined commitments reached $283 million, surpassing the $250 million target. Investors included public pension plans, Taft-Hartley plans, foundations, endowments, and major family offices.
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