August 14, 2014 |
Daniel Kline loves Philadelphia. But he's not putting his fund's millions to work at home. "The city has so many great reasons for people to want to rent and live here," says Kline, who named his real estate investment firm Delancey Street Capital after one of Society Hill's premier residential addresses. "I grew up here, went to [Wharton] here, learned the business from Mitch Morgan here," at Morgan Properties Inc. , the King of Prussia company that used the latest recession as a massive apartment-buying opportunity.
August 3, 2014 |
Center City barber Kenneth Mills says he narrowly escaped the grip of corrupt Philadelphia narcotics officers. Mills, 46, who runs the Extremely Sharp cuttery on South 10th Street, was identified as victim "K.M. " in this week's federal indictment of six former officers from an elite narcotics unit. The indictment described the role of two of the six officers in a November 2011 raid on Mills' shop and his West Philadelphia rental property. It says Officers Brian Reynolds and Perry Betts stole $4,050 and a gold ring in the raid.
October 25, 2013 |
A CENTER CITY barber is suing the city and five controversial cops, claiming they arrested him without cause and stole cash, guns and a diamond ring from tenants at a West Philadelphia rowhouse he owns. Kenneth Mills, 45, claims the officers falsified information on search warrants to enter his barbershop on 10th near Spruce and his rental property on Cedar Avenue near Cobbs Creek Parkway on Nov. 3, 2011, according to a federal civil-rights complaint filed yesterday. Named in the suit are Officers Thomas Liciardello, Brian Reynolds, Michael Spicer, John Speiser and Stephen Dmytryk.
July 26, 2013 |
Continuing its rollout of programs stemming from $20 billion in federal post-Sandy aid, New Jersey has launched a $70 million Landlord Rental Repair Program aimed at small rental properties for year-round residents. The program will provide grants of up to $50,000 per unit to owners of rental properties to repair, rebuild, or elevate units damaged by Hurricane Sandy. Rental property owners must agree to rent their rehabilitated units to low- and moderate-income families and agree that it will be a year-round rental.
July 20, 2013 |
As the Philadelphia region's real estate market shifts to one favoring sellers and home prices rise monthly, a steady flow of people moving into apartments is enabling property owners to reduce or maintain low vacancy rates and boost the value of their assets. That's the word from real estate investment-services firm Marcus & Millichap, whose third-quarter 2013 prognosis says the region's apartment market "remains positive. " The vacancy rate is in the low 5 percent range, Marcus & Millichap said, and will drop to 4.9 percent as steady growth in demand exceeds additions to the rental stock.
March 22, 2013 |
A property owned by the husband of Philadelphia City Councilwoman Blondell Reynolds Brown is more than $4,200 behind in taxes, creating more negative publicity for an elected official already facing criticism over violations of city campaign-finance laws. Through a spokesman, Reynolds Brown directed questions about the rental property in Mantua to her husband, Howard Brown, who works for the Philadelphia Redevelopment Authority, a state-chartered economic development agency. Brown did not return calls seeking comment late Wednesday.
March 21, 2013 |
A judge ruled Tuesday that a Glassboro zoning ordinance that required a parking space be available for each tenant in rental property was invalid. But Superior Court Judge Georgia M. Curio said the ordinance will still carry the force of law pending an appeal within 45 days, according to the attorneys present for her oral ruling Tuesday. The plaintiffs - Glassboro Guardians, a nonprofit group of rental property owners - hailed the decision as a victory for Rowan University students who they say will now have more off-campus housing options.
March 13, 2013 |
HE WAS the happy, smiling guy with the gold tooth. But in the boxing ring, Tony Martin was all business. Over a 12-year professional career as a welterweight, Martin fought some of the best boxers of his era, winning even when he was the supposed underdog through sheer tenacity and toughness. "He was from St. Louis, but he was a true Philadelphia fighter," said retired Daily News boxing writer Bernard Fernandez. "He would fight anybody and he always gave a good account of himself.
March 12, 2013 |
Family members were finalizing funeral arrangements Monday for retired professional boxer Tony Martin, 52, who was shot and killed Friday afternoon inside a Hunting Park rental property he owned. "It is senseless. It is terrible," Robyn Peete said of her uncle's slaying. "He was always happy-go-lucky. He had a heart of gold and a smile that would light up every room. " Two days after winning the IBF light-heavyweight title Saturday night, the Philadelphia fighter Bernard Hopkins spoke fondly of Martin at the Joe Hand Boxing Gym in North Philadelphia.
February 26, 2013 |
DANIEL CONNER, a lifelong Germantown resident who owns a rental property in the neighborhood, doesn't think it's fair that he soon may have to pay an added tax for trash cleanup and other services. Conner made his opinion clear at a meeting Thursday night, at which the steering committee tasked with restoring the now-defunct Germantown Special Services District presented its proposed plan and budget for the reinvigorated district. The budget includes an additional tax assessment on more than 200 area businesses.