The Federal Deposit Insurance Corp. has found a way forward for the $15 billion worth of affordable-housing assets it took over from failed Signature Bank.
Plus, EY picked 30 local finalists as Entrepreneurs Of The Year, PACT named a Legend Enterprise awardee, and Comcast's RISE program is open for applications.
Updated on April 12, 2021 at 1:17 pm
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The Durst Organization s proposed 26-story, 360-unit apartment project along the Delaware River is among a series of multifamily developments going through the approval process in Philadelphia, underscoring the optimism residential developers have for the city in spite of the pandemic, reports the Philadelphia Business Journal.
A new housing report by Center City District reveals that an area defined as Greater Center City had 9,400 residential units under construction as of the end of last year, which is a 39% increase compared with the 6,762 units under construction at the end of 2019.
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In this episode of Common Area podcast, David Bodamer talks with Matt Pestronk, president and co-founder of multifamily owner and developer Post Brothers.
The two discuss ground-level insights into the multifamily sector, how it has fared throughout 2020, and what can be expected in 2021.
In this episode, you will learn:
Whether the pandemic has damaged commercial real estate in cities for the long term
Which types of apartments are in-demand right now and which ones are remaining vacant
Addressing affordable housing issues in U.S. cities
What it s like working with family offices on their real estate strategies