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Post Brothers is working to set a new standard for amenities with Piazza Alta, a newly built Philadelphia apartment property.
To wrap up the day’s events, CO Editor in Chief Max Gross moderated a discussion on investment sales with PGIM Real Estate Executive Director Justin Levitt, Post Brothers Chief Investment Officer Zak Klinvex, and Ripco Real Estate Vice Chairman Stephen Preuss.
How the Fed decides to unwind trillions of dollars of government debt it owns, could also play a role in what happens with mortgage rates, said Matt Pestronk, president and co-founder of Philadelphia-based real estate firm Post Brothers.
The Philadelphia-based Matt and Mike Pestronk, who founded Post Brothers in 2006, entered the D.C. region for the first time last year with a splash, spending $228 million to buy the Universal office complex in the high-end Dupont Circle area, with plans to convert it to 600 apartments. This year, they followed that up with another office-to-resi purchase, acquiring a 300,000-square-foot office, also near Dupont Circle, for $68 million in May.
Read more at Commercial Observer