Category: Commercial Real Estate

Sussex County’s west side story

By Roger Morris Special to Delaware Business Times Throughout the years, Sussex County has lured tourists to its beaches and rental properties bordering the Atlantic Ocean on the county’s eastern side. Now, it’s wagering that it can have the same success in luring new businesses to set up their operations on the county’s west side.…

The Buccini/Pollin Group, Inc. announced today plans to re-launch its commercial division as BPG|360. The  division currently manages more than six million square feet of commercial properties in the Mid-Atlantic region. “With over 300 of the largest companies in the Philadelphia region as our tenants and clients for the past 25 years, we have witnessed…

The life-science industry is leading economic growth, and in turn real estate development, throughout the Philadelphia region, according to a new report from market insight firm CBRE. The sector, which includes pharmaceuticals, biotechnology and medical-device manufacturing, has seen significant growth due to an aging U.S. population and increases in public and private funding. “Many solid…

2018 Economic Forecast: Real estate & construction

Things may be looking up in real estate and construction for 2018, depending on which county you’re sitting in. Here are things to watch for in the new year: A mood of renewal Functionally obsolete city buildings are being razed or repurposed, like 1300 Market, the Class B bank building that Cannon Patel transformed into…

A 12,000 square-foot “food hall” is coming to downtown Wilmington. The $3.5 million facility will host eight innovative kitchens and a central bar at 10th and Orange streets. The food hall, called Delaware Collective or DE.CO, will anchor the new ground floor of the historic Dupont Building, which began redevelopment last year. Buccini/Pollin Group and Seawall Development…

Financial services, legal, and chemical sectors have helped grow office occupancy in Wilmington’s central business district in 2017, according to CBRE. Occupancy grew by more than 280,000 square feet in the central business district. The vacancy rate stands at 19.1 percent with no buildings currently under construction. The 2017 net absorption was 280,470 square feet,…

Washington, DC – Officials of The Buccini/Pollin Group announced that it has acquired the 238-room Hilton Melbourne Rialto Place in Melbourne, Fla. PM Hotel Group, a national hotel management company based in Washington, D.C., will operate the hotel. “BPG’s recent acquisition of the beautifully renovated Hilton Melbourne Rialto Place reflects the continued success of our…

Historic tax credits fuel downtown development

By Ken Mammarella Special to Delaware Business Times A good way to appreciate the importance of the Delaware Historic Preservation Tax Program is to experience downtown Wilmington’s revitalization as a consumer, a resident, a worker or a businessperson. Or talk to Mike Hare, executive vice president of The Buccini/Pollin Group. “Any projects that we have…

Diamond State Management has a plan for Route 13

By Michael Bradley Special to Delaware Business Times When Robert Wittig talks about Diamond State Management’s (DSM) new development project on U.S. 13 in New Castle, he is understandably excited. The old Lone Star Steakhouse is gone, replaced by a shopping center that will include the existing Wawa, a new Chipotle, Panda Express and an…