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A casino development hits a snag, but for once it’s not Revel

8/26/2015 | Real Estate Blog

There may be no project moving more slowly than the development of the Philadelphia’s second casino. In August 2013, we posted about the six proposals that developers submitted to the Pennsylvania Gaming Control Board, but the process had been underway for some time. After much deliberation, the board made its decision in November 2014, naming Live! Hotel & Casino the winner.

The Whole Foods Effect may be a myth, says RealtyTrac

8/16/2015 | Real Estate Blog

Last December and January, we posted about artist James Dupree’s argument with the Philadelphia Redevelopment Authority over plans to pull down his studio to make way for a grocery store. The neighborhood, Mantua, did not have a grocery store, and everyone agreed that a successful revitalization of the area called for a grocery store within walking distance of most residents.

The Whole Foods Effect may be a myth, says RealtyTrac p2

8/14/2015 | Real Estate Blog

We are still talking about home values in neighborhoods with Trader Joe’s markets and Whole Foods markets. The online real estate research company RealtyTrac recently reported that while Whole Foods neighborhoods did see an overall 34 percent increase in value, Trader Joe’s neighborhoods fared better with an overall increase of 40 percent. The researchers measured the increase from the date of purchase to the date of the study.