Noah Zucker

1 week ago | bisnow.com | Noah Zucker

Roughly a year after the University of the Arts suddenly shuttered, part of its former Center City campus will be reactivated in a manner that acknowledges the school’s design heritage. Scout is opening the Frankie’s Summer Club pop-up bar at a former University of the Arts property on Friday. Scout is debuting Frankie’s Summer Club, a leafy pop-up bar designed in conjunction with Interface Studio Architects, in the courtyard of Furness Hall at 355 S. 15th St. on Friday.

1 week ago | bisnow.com | Noah Zucker

Springtime is usually the busy season for multifamily leasing, but that doesn’t mean asking rents in the U.S. posted big gains last month. Asking rents across the U.S. dipped nearly 2% last month, according to a report from Realtor.com. Realtor.com found that May asking rents for units with two or fewer bedrooms fell year-over-year by 1.7%, or $29, in the 50 largest U.S. metro areas. This was the 22nd straight month of decline for that metric.

1 week ago | bisnow.com | Noah Zucker

A furniture and home decor chain with hundreds of locations nationwide has filed for bankruptcy, pinning it largely on the federal government’s tariff policy. An At Home store in ArizonaDallas-based At Home Group has entered a restructuring agreement “that will eliminate substantially all” of its $2B of debt and provide a $200M cash infusion as the company cedes ownership to its lenders, according to a Monday press release.

2 weeks ago | bisnow.com | Noah Zucker

Philadelphia’s postpandemic multifamily market has been defined by oversupply, high vacancy and big concessions to lure in renters with lots of choices. That status quo is set to shift as the region’s construction boom wanes, according to data from CoStar. Greater Philadelphia's multifamily market is turning a corner as vacancy falls amid a slump in new construction starts.

2 weeks ago | bisnow.com | Noah Zucker

The Wanamaker Building’s hulking 100K SF floorplate has been a hot topic for Philadelphia’s commercial real estate community as TF Cornerstone plots a residential conversion of the mostly vacant 1.4M SF former department store and office. Many predicted the structure would need to be cored to allow ample light into each apartment. But that’s not the approach New York City-based TFC and its partner Alterra Property Group are taking.