WCRE March 2024 Newsletter
![WCRE March 2024 Newsletter](https://wolfcre.com/wp-content/uploads/2024/03/WCRE-March-2024-Newsletter-150x150.jpg)
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
![More Tax Appeals Expected as Divide Widens Between Office Valuations and Assessments](https://wolfcre.com/wp-content/uploads/2024/03/property-tax-150x150.png)
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
![Revista Reports rates and costs within the MOB Market](https://wolfcre.com/wp-content/uploads/2024/03/MOB-150x150.png)
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 Downsizes to Cost Save NY](https://wolfcre.com/wp-content/uploads/2024/03/wawa-2-150x150.png)
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
![Office Features' Impact on Tenant Premiums](https://wolfcre.com/wp-content/uploads/2024/03/Your-paragraph-text-150x150.png)
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
![REIT's are pouring into the healthcare real estate](https://wolfcre.com/wp-content/uploads/2024/03/office-3-150x150.png)
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
![Philadelphia's Inflation is Still Sticky Compared to the Rest of the Nation](https://wolfcre.com/wp-content/uploads/2024/03/office-2-150x150.png)
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
![The Commercial Real Estate Super Broker Era Comes to an End](https://wolfcre.com/wp-content/uploads/2024/03/Untitled-design-2-5-150x150.png)
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
![Increase of Medical Office Leases in New York](https://wolfcre.com/wp-content/uploads/2024/03/Untitled-design-2-4-150x150.png)
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
![Fresh Incentives are Targeted at Kickstarting the Conversion of Office Buildings](https://wolfcre.com/wp-content/uploads/2024/03/Untitled-design-2-3-150x150.png)
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
![$3.3 Billion in Federal Grants is Accelerating the Initiation of Numerous Road, Bridge, and Commercial Projects](https://wolfcre.com/wp-content/uploads/2024/03/Untitled-design-2-2-150x150.png)
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 is Set to Close 970 Family Dollar Stores](https://wolfcre.com/wp-content/uploads/2024/03/Untitled-design-2-1-150x150.png)
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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