Mayor John Carney, Chris Buccini, Council Member James Spadola,  at the  grand opening of Market West apartments. (Photo by Claudia Estrada)

Market West grand opening highlights ongoing redevelopment in Wilmington

Claudia EstradaCulture, Business, Headlines, real estate

WILMINGTON-Mayor John Carney, Council Member James Spadola, and BPG representatives, led the ribbon-cutting ceremony at the grand opening of the $110 million redevelopment of 221 West 10th Street. The project converted a 450,000-square-foot office building into 363 luxury apartments.  The redevelopment, which has been in the works for over 25 years, continues to try to build Wilmington’s reputation as a …

A Centreville estate called Shadowbrook has set a record for Delaware property sales. (Courtesy of Steve Crifasi, Patterson-Schwartz Real Estate)

Exclusive: Record $18M for Delaware residential property

Ken MammarellaBusiness, Culture, Headlines

A Centreville estate with a 10-bedroom house, five rental properties and two barns on 152 acres has just been sold for $18 million. That’s a record for Delaware, according to Steve Crifasi, the listing agent with Christopher S. Patterson, both of Patterson-Schwartz Real Estate. “It’s drop-dead beautiful,” he told DelawareLive. “What makes the property so unique is that it is …

real estate

How’s the Del. housing market? Depends on who you talk to

Ken MammarellaBusiness, Headlines

My uncle, a resident of Bethany Beach, liked to say that people who lived at the beach talked about three things: real estate, the weather and where to eat. Here are a few interesting numbers to spark a conversation about real estate: • The Lewes area is Delaware’s hottest market in terms of rising prices, according to the real estate …

Realty transfer tax

Delaware’s realty transfer tax to remain highest in nation

Charles MegginsonHeadlines, Government

Delaware will remain the state with the highest realty transfer tax in the nation after a bill to decrease the tax died in the General Assembly.  Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would have cut the tax from 4% of a property’s sale price to 3% — the level it was at prior to 2017 when the …

Realty transfer tax

Bill to lower realty transfer tax sails through House committee

Charles MegginsonBusiness, Headlines

A bill to decrease Delaware’s realty transfer tax from 4% to 3% was released from the House Administration Committee Wednesday. Introduced by Rep. Bill Bush, D-Dover, House Bill 358 would make law of something Rep. Mike Ramone, R-Pike Creek South, has been preaching for years: reducing the cost of Delaware’s real estate transfer tax after it was increased during financially …