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Awards &
News


Philly CRE Is In Contraction Mode, And Deal-Makers Are Poised To Take Advantage
22nd September, 2023

“You’re getting a call from someone who controls an asset that has no liquidity, and it’s a potential conversion or a piece of land,” Post Brothers co-founder Matthew Pestronk said. “Throw out the lowest number that they won’t be insulted by, say you need this much time to execute, and you’re getting answers of, ‘Huh, let us think about […]

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Expansive-owned Longfellow Building near Dupont Circle could be headed for auction
21st September, 2023

Philadelphia developer Post Brothers bought the older 2100 M St. NW building for a potential residential conversion earlier this year.

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Flooding the Market: 10,000 apartments are about to pour into the River Wards. Here are 20 projects to watch.
20th September, 2023

While developments like Post Brothers’ $500 million, 1,100-apartment Piazza expansion are nearing completion, dozens of others are kicking off or in the works.

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D.C. Launches Conversion Abatement Fund As Planned Downtown Projects Stall
9th February, 2023
D.C. officials are launching a new push to assist office-to-residential conversions as they attempt to overcome developer skepticism that the projects are a realistic solution to the problems that ail the city's downtown.

Washington, D.C., led the nation in number of units converted from office to residential during 2020 and 2021, according to data from Yardi Matrix. That includes two conversions of old Coast Guard office buildings in Buzzard Point, and several additional conversions have moved forward over the last year. That includes Post Brothers' 500-plus-unit conversion proposed at Universal North and Universal South near Dupont Circle and Foulger-Pratt's 255-unit conversion proposed at 1425 New York Ave. NW, 2 blocks from the White House.

Read more at Bisnow Washington, D.C.