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....Continue reading→
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...Continue reading→
Brokers Struggle as Companies Hesitate to Hire
Last week’s hint of an upcoming interest rate cut offered hope for commercial real estate...Continue reading→
New York’s Park Avenue Revamp: Benefits for Landlords
Timeka Jones, a native New Yorker who works between Park and Lexington avenues, enjoys stepping...Continue reading→
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...Continue reading→
New Jersey Investors Focus on Multifamily and Industrial
After a challenging 2023 marked by tight monetary policy and slowing rent growth, New Jersey’s...Continue reading→
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...Continue reading→
WCRE August 2024 Newsletter
In the WCRE August 2024 Newsletter, we discuss the current commercial real estate events that...Continue reading→
Expanding Retailers Actively Seek New Locations
Retailers overcame various economic challenges and signed leases for over 52 million square feet in...Continue reading→
NYC Sidewalk Sheds Cost Businesses Thousands Monthly
Sidewalk sheds and scaffolding darkening Manhattan’s streets are taking a financial toll on the city....Continue reading→
New York’s Residential Market Faces NAR Deadline
When the National Association of Realtors (NAR) announced its proposed settlement and policy updates this...Continue reading→
Can ‘Experiences’ Save Philadelphia-Area Malls
Greater Philadelphia has seen a surge in experiential retailers as consumers seek more interactive shopping...Continue reading→
Macy’s Closures to Spark Significant Changes at Shopping Malls
Macy’s decision to close nearly a third of its stores will lead to significant changes...Continue reading→
New Jersey Industrial Owners Struggle with Growing Big Box Vacancy
A persistent mismatch in New Jersey’s industrial property sector between occupiers’ space needs and the...Continue reading→
Global Stock Dive Pressures Fed for Deep Rate Cut in September
The commercial real estate industry faced sudden uncertainty Monday as recession fears shook global markets....Continue reading→
WCRE July 2024 Newsletter
In the WCRE July 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey,...Continue reading→
Philadelphia REIT Benefits From Leasing Momentum
The balance between office tenant downsizing and expansions is now favoring some landlords again, according...Continue reading→
Office Attendance is at a New High
June marked a significant turning point in post-pandemic office attendance, according to Placer.ai’s Office Building...Continue reading→
Office Leasing in Manhattan is Improving
The Manhattan office market is showing notable improvement as we enter the second half of...Continue reading→
Powell Suggests Fed Might Cut Rates Before Inflation Hits 2%
Federal Reserve Chair Jerome Powell stated on Monday that the central bank will not wait...Continue reading→
WCRE Celebrates Intern-To-Full-Time Success Story: Meet Andrew Koller
WCRE | CORFAC International is thrilled to announce the continued success of our internship program,...Continue reading→
WCRE Second Quarter 2024 Report
Southern New Jersey & Philly CRE Markets Show Adaptability While Awaiting Rate Cuts Markets Strive...Continue reading→
WCRE June 2024 Newsletter
In the WCRE June 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey,...Continue reading→
CRE Expectations for Capital Costs and Dealmaking in H2 2024 are Mixed
The outlook among commercial real estate industry players remains mixed as 2024 reaches its midway...Continue reading→
7th Annual Charity Golf Tournament Raises $100,000
Demonstrating a steadfast commitment to the community, the WCRE Foundation is thrilled to announce the...Continue reading→
Office Landlords Prefer a Type of Tennant
Many office landlords today are grateful for any lease they can secure to fill vacant...Continue reading→
New Industrial Projects in Pennsylvania’s I-81 Corridor Leasing Faster Than Those Along I-95 in New Jersey
The I-81 corridor in Central and Eastern Pennsylvania and the I-95 corridor in New Jersey...Continue reading→
Traffic Problems in Manhattan
The New York governor’s decision to withdraw support from a Manhattan tolling program, aimed at...Continue reading→
Fed Holds Interest Rates Steady Amid Signs of Cooling Inflation
The Federal Reserve left its overnight lending rate unchanged at its seventh consecutive meeting this...Continue reading→
The Current Lending Environment and BOMA International Medical Real Estate Conference
The lending environment and transaction volume has been down over the last 12-24 months, but...Continue reading→
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→
