August 28, 2011
Philadelphia Real Estate And Beyond August 28th, 2011 Center City – Despite being hit by an earthquake and a hurricane in the same week the Philadelphia real estate community is still hanging in there. Here’s what is going on locally and nationally. Foreclosures And Short Sales Selling At Larger Discount- The percentage REO homes and homes pre-foreclosure dropped 5 percent […]
August 26, 2011
Goodbye American Commerce Center, Hello 2nd Comcast Building? Center City – An article on Philly.com speculates about a possible second Comcast Building in the Center City Philadelphia skyline. A buyer affiliated with Liberty Property Trust purchased the lot on corner of 18th and Arch in Logan Square that could have been used to build the American Commerce Center Tower – […]
August 26, 2011
Northern Liberties Superfresh Is Open Northern Liberties – Northern Liberties finally has a Superfresh. Since 2010 the 51,000 square foot building that was supposed to house a Pathmark has remained vacant. Finally after approximately 2 years the building located at 2nd and Girard, in Northern Liberties, is occupied! This morning 120 employees showed up and Superfresh opened to the […]
August 24, 2011
Philadelphia Real Estate And Beyond August 24, 2011 Homeowners Facing Foreclosure Increasing – The number of Americans at risk of foreclosure is rising, likely due to high unemployment. The Mortgage Bankers Association said recently that 8.44 percent of homeowners missed at least one mortgage payment in the April-June quarter. That figure, which is adjusted for seasonal factors, rose 0.12 percentage […]
August 24, 2011
Study Suggests Writing Down Underwater Mortgages Will Fix Housing Center City – Read an interesting article on the RisMedia website. The article summarize a new study called, “The Win/Win Solution: How Fixing the Housing Crisis Will Create One Million Jobs.” Here’s the reader’s digest version: The study suggests that writing down all underwater mortgages to market value would allow 1) the […]
August 23, 2011
Rittenhouse Square – According to Philly.com the Curtis Institute of Music’s Lenfest Hall in Rittenhouse Square is nearly complete. Lenfest Hall is the new dormitory and rehearsal hall for the Curtis Institute of Music designed by Robert Venturi and Denise Scott Brown of Venturi, Scott Brown and Associates. The property is located between 16th and 17th on Locust Street in Rittenhouse […]
August 23, 2011
According to Inman News, the next two years is prime time for Investors of real estate. Here are the greatest hits of the article: Real estate investors are likely to be three times more active than other types of home-buyers in their local markets within the next two years, according to a national survey by Realtor.com operator Move Inc. A […]
August 23, 2011
Here’s a little bit of history on earthquakes in and around Philadelphia compliments of www.Earthquakes.usgs.gov. There’s even an earthquake search feature. This info only goes up to December 1972 but goes begins in 1663. Record of early earthquakes in the Northeastern United States provide limited information on effects in Pennsylvania until 1737, 55 years after the first permanent settlement […]
August 22, 2011
University City – New Drexel University Biology Building at 33rd and Chestnut According to a Philly.com article, Drexel University is building its new Papadakis Integrated Sciences Building at 33d and Chestnut. Here are some pictures of the impressive building. Here’s a snippet from the Drexel University Website The Papadakis Integrated Sciences Building, designed by world-renowned architects Diamond and […]