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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.

Will DC Office to Multifamily Conversions Continue in 2023?

2nd January, 2023

With more people working from home, and companies looking to downsize space, office vacancy rates have reached historic highs in many parts of the country, leading building owners to pursue creative solutions.

One major trend is converting office space to residential units, and the Washington, D.C. region, which reached more than 20 million square feet of vacant office space this year, was a leader in the trend in 2022.

Read more at Commercial Observer