In the WCRE July 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. In Philadelphia, we look at major sales and leases while a major bank continues to close branches. We also feature several new businesses who have moved into the market. In New Jersey we look at several retail and industrial projects and highlight three projects that WCRE was directly involved in. In New York we look at the return to work trend, pending FED rate cuts and notable improvements in office leasing vacancies as we enter the second half of 2024.
July 2024 – Philadelphia Commercial Real Estate News
- 1760 Market Street sells at 60% Discount
- TD Bank Closes Branches
- NY Firms Buying Philly Real Estate
- Northeast Philly Mall to Surrender to Creditors
- David’s Bridal Moving to KOP
- Raising Canes Expanding in City
- Amoza
July 2024 – South Jersey Commercial Real Estate News
- Route 70 Shows More Retail Development
- Printing Plant for Sale
- 15M Building Sold in Pennsauken
- Burlington County Faces Rising Industrial Space Availability
- Voorhees Converting Building to Residenti
July 2024 – New York Commercial Real Estate News
- FED Eyes Rate Cut
- Return to Work Increases
- Office Leasing Improves
- REITS Benefit from Leasing Power
