WCRE September 2024 Newsletter
In the WCRE September 2024 Newsletter, we discuss the current commercial real estate events that are impacting the Philadelphia, New Jersey, and New York communities. In Philadelphia news we look […]
Read More....Office Attendance is Rising, but Not for all Employees
The combination of these trends has led to significant milestones in post-pandemic office attendance, though certain metro areas and employees are bucking the overall trend. According to Placer.ai’s Office Building […]
Read More....CRE Investors Ready to Deploy Capital Following 50 BP Interest Rate Cut
Less than 24 hours after the Federal Reserve’s unexpected 50 basis point interest rate cut, investors showed optimism about increased capital flowing into commercial real estate at Commercial Observer’s […]
Read More....The Great Migration is Mostly Over, Halted by Two Economic Shifts
The Great Migration, which saw millions of Americans relocate to new cities during the height of the Covid-19 pandemic, has largely come to a halt, slowed by a mix of […]
Read More....How Retailers’ Chapter 11 Filings Will Impact Commercial Real Estate
Retail bankruptcies have led to increased vacancies in shopping centers and malls across the U.S. In some areas, new tenants have quickly filled these spaces, often at higher lease rates. […]
Read More....Fed Cuts Interest Rates by Half Point in First Easing Move in Four Years
On Wednesday, the Federal Reserve cut interest rates by half a percentage point—the first reduction since the early days of the Covid pandemic. The move aims to counter a slowdown […]
Read More....Brokers Struggle as Companies Hesitate to Hire
Last week’s hint of an upcoming interest rate cut offered hope for commercial real estate and the broader economy. However, after two years of high rates and challenges for CRE […]
Read More....New York’s Park Avenue Revamp: Benefits for Landlords
Timeka Jones, a native New Yorker who works between Park and Lexington avenues, enjoys stepping out for lunch to get fresh air and clear her head. She’s not alone in […]
Read More....Major Banks Report Spike in Noncurrent CRE Loans
In many U.S. cities, once-bustling office buildings now stand eerily quiet. Higher office vacancies are not only reducing net operating income for building owners but also increasing the percentage of […]
Read More....New Jersey Investors Focus on Multifamily and Industrial
After a challenging 2023 marked by tight monetary policy and slowing rent growth, New Jersey’s commercial property investors are gearing up to increase spending. Last year’s property sales reached just […]
Read More....Chinatown Leader Vows: ‘We Won’t Back Down’ in Sixers Arena Fight
As city officials review recently released impact studies on the Philadelphia 76ers’ proposed Center City arena, Chinatown advocates remain firmly opposed. The city-commissioned reports, released Monday, suggest the 18,500-seat 76 […]
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