Jacob Adelman covers real estate, commercial development and other financial news, with a focus on data and accountability.

Latest Stories

Mall owner PREIT stock sinks to lowest on record after filing for bankruptcy in restructuring bid

"They should be able to sail through bankruptcy pretty quickly unless there’s something lurking behind the curtain,” one expert said.

Philly’s mayor and top elections official call for calm ahead of Election Day

Even after polls close, city residents will still be called on to exercise patience, as officials count a record-breaking number of mail ballots.

Mall-owner PREIT files for bankruptcy in restructuring bid amid COVID-19 headwinds

PREIT, which owns Center City’s Fashion District Philadelphia and other malls, said it will continue business operations while it obtains approvals for its restructuring plan.

Developer Trammell Crow plans 280-unit apartment project beside Conshohocken rail station

High Street Residential, the Trammell Crow unit that builds apartment and condominium projects, plans to complete the five-story building at 101 Washington St. by the end of June 2022.

Troubled mall owner PREIT says it could have to file for bankruptcy to borrow $150M

If PREIT can’t get support for this arrangement from all of its creditors, “it may need to complete this restructuring through a prepackaged reorganization under Chapter 11," it said.

Mall giant PREIT threatened with stock exchange delisting over sub-$1 trading price

The company, which owns Fashion District Philadelphia and the Cherry Hill Mall, has traded for as little as $0.51 this month.

In legal brawl over Camden waterfront, developer alleges ‘shakedown’ involving power broker George Norcross

Developer Carl Dranoff also alleged a “vendetta” against him involving Norcross and Liberty Property Trust.

You can’t look up Philly property owners by name anymore. City cites ‘security matters.’

The change comes as activists increasingly embrace a tactic of tracking down the addresses of public officials to hold protests outside their homes.

West Philly’s International House to be renovated by ‘co-living’ investment group

CSC Coliving, a specialist in projects where tenants share cooking and dining spaces, has bought International House in West Philadelphia.

Amazon to lease newly built Northeast Philly warehouse amid North American hiring binge

About 5,000 of Amazon's new jobs will be in Philadelphia, a company spokesperson said.