Jacob Adelman covers property deals, retail trends and the hospitality business as the commercial real estate reporter.

Latest Stories

Luxe real estate projects in Philly benefit from Trump tax cut for ‘Main Street’ businesses

Managers of existing mortgage funds are now redefining their businesses as real estate trusts to claim a lucrative deduction for their shareholders.

Fitness club Equinox, targeted by Trump foes, to open first Philly space in new Rittenhouse Square tower

Equinox will occupy nearly 7,000 square feet on the first three floors of the 48-story Laurel tower at 1911 Walnut St., records show.

Wayne Junction-area developer enters new phase with first ground-up buildings

Both projects would rise on empty land beside existing buildings that developer Ken Weinstein is renovating.

Developer Bart Blatstein slashes apartment count at planned sequel to Piazza in Northern Liberties

Philadelphia granted Blatstein a zoning permit this week that cuts the number of apartments at the Second Street and Germantown Avenue by 330 units.

Apartments, hotels, restaurants, shops may be coming to Penn’s Landing

The solicitation marks the agency’s first attempt to see Penn's Landing developed since the early 2000s.

Liberty Property Trust shares soar on news of its acquisition by warehouse giant Prologis

Liberty appears to have heeded voices who pressed for the company to take action aimed at closing the gap between the company's market value and the assumed value of its real estate.

An apparent land grab in South Philadelphia sparks outrage: ‘The neighborhood was blindsided’

In Philadelphia communities such as Grays Ferry, land that was once hard to even give away has become valuable enough, it seems, to outweigh the enmity of longtime neighbors.

Liberty Property Trust to be sold to San Francisco-based warehouse real estate giant for $12.6 billion

The deal would put 107 million square feet of Liberty’s existing nationwide warehouse and distribution inventory under San Francisco-based Prologis’s control.

Alpenhorn sounds at Smith Playground to mark Swiss billionaire’s $1M gift for playhouse restoration

Michael Pieper made his contribution to an $8.5 million effort to transform the Smith Playhouse's basement into an upgraded tricycle-riding zone with space carved out for a new nature-oriented preschool.

A revitalizing North Broad Street girds for surge of apartments with two major projects planned

Both projects were at least partly motivated by their locations in Census tracts designated as a “Qualified Opportunity Zone," offering investors in projects there potentially big savings on what they owe the IRS.