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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.

Yardi: Office-to-multifamily conversions pose cost, logistical challenges

8th August, 2022

Conversions of office buildings to apartments — an ostensible solution both to housing undersupply and vacant office space — have proven difficult and costly for developers, according to an observation in Yardi Matrix’s July 2022 National Office Report.

Major upcoming projects in D.C. include a Post Brothers project in Dupont Circle, purchased for $225 million.

Read more at Smart Cities Dive