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Four people who go above and beyond for the city were honored on Wednesday by the Salvation Army in Greater Philadelphia.
The CRED iQ delinquency rate for CMBS for the month of April increased for the third consecutive month to 3.93 percent.
Philadelphia-based developer Brickstone Realty Corporation has proposed a luxury resort in Cape May County in the offshore community of Dennis Township. The Clermont Lodge retreat would be built on a 30-acre property that's currently undeveloped. The site is near the intersection of New Jersey Routes 83 and 9. Clermont Lodge would feature a total of 120 guest rooms spread across a three-story hotel building, bungalows and individual cabins. The proposal includes a tavern, barns and a dedicated wedding venue.
Passero's Coffee Roasters will close its storefront inside Suburban Station on Thursday, Dec. 22 after 32 years of business. Owner Jeff Lincoln said the coffee stand failed to recover the business it lost due to the COVID-19 pandemic, a ripple effect of reduced SEPTA ridership. The company's Center City locations inside the Wanamaker Building and the Franklin Residences will remain open.
Spurred by life sciences and supported by multifamily, University City's development pipeline could keep momentum despite a drop in available capital.