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Apartment Construction Is Booming. How Will That Change Philly?

For more than a century, the city’s building block has been the rowhome. With apartment buildings popping up everywhere, that may soon change. ....

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Scully Company Acquires Adds Eight Story The Sansom Apartment Building in Rittenhouse Neighborhood to Philadelphia Portfolio

JENKINTOWN, PA - Scully Company announces the acquisition of The Sansom apartment building in the Rittenhouse Row neighborhood of Philadelphia. The Sansom is a 104-unit, eight-story class-A apartment building located at 1605 Sansom Street. The seller was a New York based investor who owned the community since 2014. The sale and financing were coordinated by the Newmark Philadelphia office.
The Sansom represents the third Rittenhouse building in Scully Company’s portfolio of more than 40. ....

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The Extreme Shortage Of For-Sale Housing In Philly's Suburbs Is A Security Blanket For Multifamily

Despite unprecedented rent growth, a fall to earth is highly unlikely for the Philly suburbs because supply is so far behind demand.
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Newmark Completes Largest Single-Asset Multifamily Sale in Philadelphia's History

PHILADELPHIA, Feb. 4, 2022 /PRNewswire/ Newmark1 announces it has completed the sale of 1500 Locust, a 45-story, mixed-use multifamily building. ....

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Newmark Completes Largest Single-Asset Multifamily Sale in Philadelphia's History

/PRNewswire/ Newmark1 announces it has completed the sale of 1500 Locust, a 45-story, mixed-use multifamily building in the famous Rittenhouse Square. ....

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