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CMBS Delinquencies Climbed Once Again in April – Commercial Observer

The CRED iQ delinquency rate for CMBS for the month of April increased for the third consecutive month to 3.93 percent. ....

United States , San Francisco , Adventus Realty , Wanamaker Building , Adventus Realty Trust , Marc Mcdevitt ,

Clermont Lodge resort proposed for 30-acre offshore site in Cape May County

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. ....

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Passero's coffee stand in Suburban Station to close Thursday after 32 years of serving Center City commuters

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. ....

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Is University City Strong Enough To Resist A Development Slowdown?

Spurred by life sciences and supported by multifamily, University City's development pipeline could keep momentum despite a drop in available capital. ....

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