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According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Norristown is a municipality with home rule status and the county seat of Montgomery County, Pennsylvania, United States, in the Philadelphia metropolitan area. [3] Located along the Schuylkill River , approximately 6 miles (9.7 km) from Philadelphia , Norristown had a population of 35,748 as of the 2020 census .
Pennsylvania Route 363 interchanges with US 422 and heads northeast along Trooper Road before veering northwest out of the township. SEPTA provides Suburban Bus service to West Norriton Township along routes 91 , 93 , 99 , and 131 , connecting the township to the Norristown Transportation Center in Norristown and other suburbs.
The company was founded by Sylvan M. Cohen (1914-2001) in 1960 following the passage of the Real Estate Investment Trust Act, which allowed real estate trusts to access money from public investment. [ 1 ] [ 2 ] In 1997, the company acquired The Rubin Organization for $260 million, and founder and chief executive officer Ronald Rubin became CEO ...
There were 5,310 housing units at an average density of 873.3 per square mile (337.2/km 2). The racial makeup of the township was 88.79% White, 6.06% African American, 0.13% Native American, 3.84% Asian, 0.39% from other races, and 0.80% from two or more races. Hispanic or Latino of any race were 1.17% of the population.
In 1821 the property was sold to Andrew Knox Jr., who later passed it on to his son Col. Thomas P. Knox, farmer and president of Pennsylvania's agricultural society. Selma later passed into the hands of the Fornance family, whose patriarch, Joseph Fornance , represented Norristown and Montgomery County in the 26th and 27th United States Congress .