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The Wilmington Tower, as it was officially named in 1970, [8] ran into financial difficulties almost immediately. Several other office buildings had been completed during its six-year construction period, and the premium office rental rates were not competitive. By 1972, a year after its completion, the building had only two tenants. [7]
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In 2008, Wilmington University sold the building to a group of investors who then created Old Customs House LLC. [7] In 2018, the building was then sold to the State of Delaware, who plans to turn the space into offices for the judicial branch and community court facilities.
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The homeowner vacancy rate was 2.0%; the rental vacancy rate was 7.2%. 195,254 people (42.2% of the population) lived in owner-occupied housing units and 258,726 people (56.0%) lived in rental housing units. During 2009–2013, Long Beach had a median household income of $52,711, with 20.2% of the population living below the federal poverty ...
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