In the WCRE June 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. In Philadelphia, we look at several industrial projects as well as new real estate opportunities in center city and avenue of the arts. We also feature several development projects that have been stalled or scrapped completely., while several local businesses have expanded their footprint. In New Jersey we look at several restaurant and retail closures , while at the same time seeing expansion of new restaurants and retail operations. A developer is also seeking approval for 66 townhouses in Moorestown. In New York we look at economic troubles as troubled commercial building loans are sold at a discount and the demand for office space is contracting.
June 2024 – Philadelphia Commercial Real Estate News
- $1B in New Industrial Projects
- 2 More Sprouts Stores Coming to Philadelphia
- School Closure Creates Opportunity at Avenue of The Arts
- GSK Building Sale Falls Through
- Office Values Decreasing
- Firm Doubles Space in Philly
- Architecture Firms Leave City
June 2024 – South Jersey Commercial Real Estate News
- Warehouse Sold for $23M
- ShopRite Coming to Gloucester
- 66 Townhomes Slated for Moorestown
- Turn 7 Closes
- Voorhees Diner Closes
- Chipotle Opening in Vineland
June 2024 – New York Commercial Real Estate News
- Traffic Issues Plague Manhattan
- Building Sold for Loss
- Troubled Loans Increasing
- Landlords Screening Tenants Closely
- Roll Up Nation Closes Doors
