Office Building Being Sold for Less than Morgage
An office building in New York City, owned by an affiliate of Related Companies, is... Continue reading→
NYC Retail Market Reels After Smoke Shop Crackdown
Roll Up Nation vanished from NoHo last month, leaving behind only an expensive sound system,... Continue reading→
Hospital Design Transformed by Emergencies and Surgical Robots
Hurricanes, pandemics, and robotic surgical arms are driving fundamental changes in healthcare design. Dan Thomas... Continue reading→
Industrial Tenants Leasing Surge
Concerns over inflation and higher interest rates affecting consumer spending remain widespread, but they are... Continue reading→
FIRE Tenants in Manhattan Show Slower Expansion
The financial industry, a cornerstone of New York City’s economy for more than a generation,... Continue reading→
Loans on Office Buildings are Increasing
Sales of loans secured by struggling commercial real estate, including offices, are gaining momentum despite... Continue reading→
WCRE May 2024 Newsletter
In the WCRE May 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey,... Continue reading→
Rising Risk in Office Lease Exposure
The long-term nature of office leasing has delayed the market’s adjustment to the changes in... Continue reading→
Helping Employees Move from Burnout to Belonging
Are you bringing home more from your job than just a paycheck? A 2023 study... Continue reading→
NYC Offices Turning into Residential Conversions
New Yorkers often joke about living at the office, but new data from the Department... Continue reading→
Three Key Business Types Largely Driving Retail Demand Resurgence
Despite headlines focusing on recent store closures, the overall U.S. retail sector has experienced a... Continue reading→
Rising Office Demand Signals Recovery Optimism
Brandywine Realty Trust CEO Jerry Sweeney doesn’t label himself an optimist regarding the “frustratingly slow”... Continue reading→
Manhattan Office Tower with Saks Flagship Eyes Residential Conversion
The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store... Continue reading→
Philly Development Projects Delayed by Tough Financing Conditions
Major Philadelphia real estate projects aimed at transforming the city have been derailed by challenging... Continue reading→
Center City’s Outdoor Dining Now Surpasses Pre-Pandemic Levels
The latest State of Center City report unveils positive trends for the district, encompassing key... Continue reading→
Price Gaps Worsening
Surprise fees persist, sneaking onto bills from concerts to dining outings. Retail analysts note a... Continue reading→
Here’s the Key Driving Downtown New York’s Revival
As downtown areas rebound, attention has primarily centered on office re-openings. However, recent findings challenge... Continue reading→
The Sought-After Benefit Worth a Salary Reduction
Since the pandemic, employers are seeking ways to stand out in a competitive hiring landscape.... Continue reading→
Walmart Closing All US Health Clinics Due to Profitability Issues
Walmart (WMT.N) announced on Tuesday it will close all 51 of its health clinics and... Continue reading→
WCRE April 2024 Newsletter
In the WCRE April 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey,... Continue reading→
Center City Leaders Prioritize Residential Growth Amid Office Slowdown
Since 2021, over 7,000 new residential units have been built in Center City, transforming its... Continue reading→
With the FTC Banning Noncompetes, Businesses Must Adapt Quickly
The Federal Trade Commission has finalized a rule banning noncompete agreements, but businesses and managers... Continue reading→
As Retail Shifts to Trendy Urban and Suburban Areas, What About Downtown Districts?
The challenges confronting America’s downtowns often stem from the considerable amount of vacant office space... Continue reading→
Under a New New York Budget Agreement, Unlicensed Cannabis Shops Will Face Closure
New York State is taking a firm stance against retailers and landlords disregarding cannabis regulations.... Continue reading→
Investors Eyeing Country Clubs and Golf Courses
Golf’s revival has reignited investor interest in country clubs, as reported by Andy Medici of... Continue reading→
City Council Passes Zoning Change to Allow for NYC Casino
The New York City Council paved the way for prospective casino developers by passing a... Continue reading→
Citadel Progresses with Park Avenue Tower Plans
Billionaire investor Ken Griffin, founder of hedge fund Citadel, along with developers Vornado Realty Trust... Continue reading→
Four years Later, Office Leasing Shifts Post-Pandemic
Four-plus years post-Covid, office landlords and tenants embrace a new leasing paradigm. Though the shift... Continue reading→
Neutrogena to Close LA HQ, Shift Operations to NJ
Neutrogena is relocating its Los Angeles headquarters to New Jersey as part of a consolidation... Continue reading→
Adams & Company’s Midtown Buildings Unite Textile Tenants
Adams & Company aims to transform its buildings into specialized hubs, evidenced by recent agreements... Continue reading→
2024 Trends in Commercial Real Estate
Let’s look at some trends in commercial real estate and what is driving them. The... Continue reading→
Real Estate Brokers’ Worst Code Violations: From Grow Houses to Hidden Septics
Jaclyn Bild, a broker associate at Douglas Elliman Real Estate in Miami Beach, encountered a... Continue reading→
The Quirky Real Estate of Movie Theaters: Their Lifeline.
Just a few years back, U.S. movie theaters seemed destined for irrelevance. But their unconventional... Continue reading→
Single-Tenant, Net-Leased Property Sales at 14-Year Low
Just a few years ago, retail, industrial, and office properties with single tenants responsible for... Continue reading→
New Jersey Film Studio Planned Near Birthplace of First One
Renowned inventor Thomas Edison established the world’s first movie production studio, the Black Maria, in... Continue reading→
The exclusivity of New York’s million-dollar earner club is diminishing
Between 2020 and 2021, New York saw an increase of over 21,000 tax filers reporting... Continue reading→
Being Together in the Workplace is Essential
For Mitch Goldenberg, the decision was clear-cut. Regardless of any return-to-office directive, it held little... Continue reading→
WCRE First Quarter 2024 Report
Southern New Jersey & Philly Markets Look to Build on Last Year’s Surprising Resiliency A... Continue reading→
Risant Health Finalizes Acquisition of Geisinger
On March 31, Washington, D.C.-based Risant Health, a nonprofit organization affiliated with Oakland, Calif.-based Kaiser... Continue reading→
AHR Eagerly Anticipates its Promising Prospects
Following its recent initial public offering (IPO), American Healthcare REIT (NYSE: AHR), headquartered in Irvine,... Continue reading→