WCRE March 2024 Newsletter
In the WCRE March 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. This month we cover major developments in Philadelphia […]
Read More....Anticipate an Increase in Tax Appeals Amidst Growing Discrepancies Between Office Valuations and Assessments
Office property owners nationwide are grappling with an additional challenge amidst increased vacancies and diminished demand, which is resulting in reduced building values and subsequently higher property tax bills. The […]
Read More....Revista Report Covers Rates and Costs in the MOB Market
Despite the challenging conditions experienced by healthcare real estate (HRE) developers in 2022, primarily driven by escalating construction expenses and inflationary pressures, the sector witnessed a marginal decline of only […]
Read More....Amazon Plans to Cut Leases and Shrink Office Space
Amazon (AMZN), the renowned tech and e-commerce behemoth, is devising a strategy aimed at saving $1.3 billion through substantial reductions in office space and the early termination of leases. Over […]
Read More....Office Features’ Impact on Tenant Premiums
In recent years, office tenants nationwide have downsized their real estate holdings, but certain building features not only retain tenants but also command premium rents. Amenities like roof terraces, sky […]
Read More....REIT’s Pour Into Healthcare Real Estate As ‘Grey Tsunami’ Approaches
The conclusion of 2023 witnessed a significant uptick in investments by real estate investment trusts (REITs) in healthcare properties, driven by the opportunity to capitalize on an aging populace with […]
Read More....Philly’s Inflation Remains Sticky
The latest release from the Bureau of Labor Statistics indicates that the Philadelphia metropolitan area continues to grapple with inflation rates surpassing those of the broader country. Philadelphia’s core inflation, […]
Read More....The Commercial Real Estate Super Broker Era Comes to an End
Has the era of the super broker come to an end? This question surfaced recently as two prominent New York City-based investment sales brokers departed from their positions at large […]
Read More....Increase of Medical Office Leases in New York
More New Yorkers can anticipate the arrival of medical providers in their neighborhoods soon. According to a report by JLL, the medical office inventory in New York City reached 6.3 […]
Read More....Fresh Incentives are Targeted at Kickstarting the Conversion of Office Buildings
For years, municipalities have utilized incentives to stimulate desired investments or address persistent issues requiring private-sector involvement. Presently, city officials are rolling out or enhancing programs to promote office-to-residential conversion […]
Read More....$3.3 Billion in Federal Grants is Accelerating the Initiation of Numerous Projects
Federal officials have disclosed the distribution of the remaining grants for transportation and commercial developments in cities such as Boston, Chicago, and New York. The U.S. Department of Transportation […]
Read More....Dollar Tree is Set to Close 970 Family Dollar Stores
Dollar Tree fell short of market expectations for holiday-quarter sales and profit on Wednesday, announcing plans to close 970 of its Family Dollar stores as part of efforts to revamp […]
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