Facilities and Real Estate

Reopening the ARCH building

A Sept. 7 event celebrated the building’s new incarnation as a centrally located space dedicated exclusively to cultural resource centers and affiliate groups.

Kristina García

Goodbye to an iconic tree

More than a century old, the American elm located in the heart of the Quadrangle residences has been ailing and is due to be removed the week of July 25. The site will be replanted at a later date with three native white oaks.

Katherine Unger Baillie

A farm-to-table meal at Penn, in photos

Honoring Earth Week, Penn Dining and the Penn Food and Wellness Collaborative teamed up to create a vegetable-forward menu for Quaker Kitchen, sourcing produce from local purveyors to highlight what’s currently growing on the quarter-acre Penn Park Farm.

Michele W. Berger



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In the News


PhillyVoice

Greening vacant lots in Philly raised surrounding property values by 4.3% in first year, Wharton study finds

A study by Susan Wachter and Shane Jenson of the Wharton School finds that cleaning vacant lots in Philadelphia neighborhoods increased property values for nearby homes.

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Bloomberg

Housing pain to continue until economy slows and prices fall

Susan Wachter of the Wharton School expects home prices to fall 5% to 10% nationally in 2023 but find a floor as markets gain confidence that inflation is under control.

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Marketplace (NPR)

Like other banks before it, Wells Fargo pulls back from mortgage biz

Susan Wachter of the Wharton School says that banks’ shift away from involvement in the mortgage market has been driven by the growth of regulations on banks around mortgage lending.

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Philadelphia Business Journal

2022 in Review: Health care building boom continued with new children's hospital, proton therapy center

The University of Pennsylvania Health System and Virtua Health held a grand opening ceremony for their $45 million proton therapy center in Voorhees, seven years after the beginning of their clinical partnership.

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Philadelphia Inquirer

Why there’s nowhere to hang out at night in Philly anymore

The Penn Bookstore is noted as one of the few public evening spaces remaining after the pandemic, with remarks from Associate Vice President Anthony P. Sorrentino and Dennis Culhane of the School of Social Policy & Practice.

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Bloomberg

Why Blackstone’s $69 billion property fund is signaling pain ahead for real estate industry

Susan Wachter of the Wharton School says that Blackstone’s limit on withdrawals and Wells Fargo’s mass cutting of employees are realistic pullback responses to overall economic weakness and rising interest rates.

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