Noah Zucker

3 days ago | bisnow.com | Noah Zucker

Adaptive reuse brings new vitality to vacant or underutilized buildings, but sometimes it’s hard for community members to see local landmarks change. That’s why Scout is kicking off its redevelopment of two former University of the Arts buildings with a “wake” acknowledging the defunct school’s legacy, Managing Partner Lindsey Scannapieco said during Bisnow’s Repositioning Philadelphia: Adaptive Reuse and Conversions Summit Tuesday.

3 days ago | bisnow.com | Noah Zucker

A longstanding construction firm has inked a hefty new office lease to expand its presence along Chester's riverfront. Power Home Remodeling inked a new 250K SF office lease in the Wharf at Rivertown, a former power plant redeveloped by the Buccini Pollin Group that is now owned by the Philadelphia Union soccer team. The tenant will hire hundreds of new workers to occupy the additional 65K SF it acquired, according to a social media post from Avison Young Marketing Manager Amber Marcanio.

4 days ago | bisnow.com | Noah Zucker

One of Philadelphia’s most iconic commercial buildings is now in the hands of a single owner with a clear redevelopment plan. TF Cornerstone is now the sole owner of the Wanamaker Building in Center City Philadelphia. TF Cornerstone’s acquisition of the fourth through 12th floors of the Wanamaker Building and 660 parking spaces below the structure is now complete, the company announced Tuesday. It purchased the former Macy's space on the first three floors in 2019.

4 days ago | bisnow.com | Noah Zucker

RealPage, the company behind a controversial artificial intelligence-based rent-setting algorithm, is being scrutinized by some of the nation’s most powerful politicians for its lobbying practices. Five Democratic U.S. Senators want to know whether the firm lobbied for a 10-year ban on state-level AI regulation included in a Republican-led budget reconciliation bill, according to a letter they sent to RealPage CEO Dana Jones last month.

5 days ago | bisnow.com | Noah Zucker

Eastern Pennsylvania was a poster child for the unprecedented pandemic industrial boom that caused a flurry of leasing and construction in Philadelphia and its suburbs. But as the sector’s hot streak continues to cool off five years later, analysts aren’t expecting a repeat when the next upcycle rolls around. “It was probably a once-in-a lifetime event,” Cresa Managing Principal Eric Zahniser told Bisnow of the Covid logistics boom.