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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 […]

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.

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.

Post Brothers Enters DC With Two-Building, $228M Office Acquisition

31st May, 2022

Post Brothers, a Philadelphia-based development firm, has entered the Washington, D.C., market with the $228 million acquisition of a two-building office complex, with plans to convert them to apartments.

Post Brothers has acquired a duo of neighboring office buildings at 1825 and 1875 Connecticut Ave. NW, known as Universal North and Universal South, the Philadelphia Business Journal reports. Post paid seller JBG Smith $101.5M for the 460K SF Universal North and $102.2M for the 302K SF Universal South for a total purchase price north of $200M.

Read more at Commercial Observer