Sonya Swink

Sep 20, 2024 | bisnow.com | Sonya Swink

Philadelphia is back on the map of big commercial real estate investment cities. And despite a glut of multifamily development that could bog down that sector for a year or so, other asset classes have begun to shine and are primed for investment, panelists said at a Bisnow event last week.

Sep 19, 2024 | bisnow.com | Sonya Swink

Capitalizing on a niche market focused on medical manufacturing companies, Hankin Group has announced a new lease in Exton. The firm’s Eagleview development has added Koko Medical, a startup specializing in postpartum hemorrhage intervention, to its tenant roster at 770 Pennsylvania Drive. The company will take up a 20K SF space in the near fully leased 63K SF development, Hankin CEO Bob Hankin told Bisnow.

Sep 19, 2024 | bisnow.com | Sonya Swink

With the nation's affordable housing crisis shaping up as a key election issue, a new Redfin report indicates that average swing-state renters earn 17% less than they need to comfortably afford the median rent in their respective states. But relief could be at hand after Wednesday's interest rate cut, which is expected to spur new supply, and just-released Census Bureau data suggesting rents could fall, thanks to a surge in new multifamily starts.

Sep 18, 2024 | bisnow.com | Sonya Swink

Supporters of large projects for the city can breathe easier now that Philadelphia Mayor Cherelle Parker has reached an agreement to move ahead with the 76 Place arena proposal for Center City. The mayor threw her support behind the plan in a video released Wednesday afternoon on social media. Parker said she will send the agreement to the city council for legislative consideration and touted its economic benefits for the city. “This is an historic agreement.

Sep 17, 2024 | bisnow.com | Sonya Swink

Pennsylvania Gov. Josh Shapiro has signed an executive order directing state agencies to develop a housing action plan to increase affordable units in the commonwealth. The governor tasked two state agencies with devising a strategy to address preserving and adding new housing within a year, according to the Pennsylvania Capital-Star. The governor believes Pennsylvania is falling behind others in addressing the growing need, with nearly 60% of the state's housing stock built before 1970.