Real Estate

KBK Enterprises was selected to redevelop the historic property in 2016. A decade later, the company is still working to secure funding.

The majority of home appraisers working in the city are from the suburbs or outside Pennsylvania, which opens the door to homes being undervalued.

More than 40% of recent new housing is in the Center City area, but more incentives are needed to keep the boom going, a business group says.

After buying the historic park out of foreclosure in 2021, the owner struggled to maintain the park, visitors say.

The news is particularly challenging for first-time homebuyers daunted by overvalued sale prices and high mortgage rates.

Dawn Robinson has been fighting efforts from the city to force her to sell her 2.4-acre property in Middle Township.

Sellers are less serious, and buyers can’t afford anything. Economists say it will likely take years for things to improve.

Meantime is a nonprofit that temporarily places local entrepreneurs in vacant retail spaces. Their latest project places six popup businesses along Market Street.

Many plans that have been submitted call for redevelopment of vacant malls, office parks and blighted spaces.

Mortgage rates dropped below 6% last week for the first time in years, a sign that some economists believe will trigger a more active and competitive housing market.

The Westlakes Office Park is about a mile away from an elementary school in Berwyn, Chester County.

A 147,000-square-foot retail complex beneath One and Two Liberty Place draws more than 5 million visitors a year.

The building on Lancaster Avenue has sat vacant for well over a decade. It’s now poised for a new chapter after a judge ruled in favor of reBuilding Blocks.

Center City has seen robust population growth but office vacancies remain stubbornly high and the east side of Market Street is struggling to attract tenants.

New Castle County landlords claim a new law allowing school districts to raise tax rates on commercial properties will cause them irreparable harm.