Institutional Investors’ Retreat: Office Sector Red Line
Institutional investors have significantly reduced their involvement in the office property market, although alternative funding... Continue reading→
WCRE March 2024 Newsletter
In the WCRE March 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey,... Continue reading→
Anticipate an Increase in Tax Appeals Amidst Growing Discrepancies Between Office Valuations and Assessments
Office property owners nationwide are grappling with an additional challenge amidst increased vacancies and diminished... Continue reading→
Revista Report Covers Rates and Costs in the MOB Market
Despite the challenging conditions experienced by healthcare real estate (HRE) developers in 2022, primarily driven... Continue reading→
Amazon Plans to Cut Leases and Shrink Office Space
Amazon (AMZN), the renowned tech and e-commerce behemoth, is devising a strategy aimed at saving... Continue reading→
Office Features’ Impact on Tenant Premiums
In recent years, office tenants nationwide have downsized their real estate holdings, but certain building... Continue reading→
REIT’s Pour Into Healthcare Real Estate As ‘Grey Tsunami’ Approaches
The conclusion of 2023 witnessed a significant uptick in investments by real estate investment trusts... Continue reading→
Philly’s Inflation Remains Sticky
The latest release from the Bureau of Labor Statistics indicates that the Philadelphia metropolitan area... Continue reading→
The Commercial Real Estate Super Broker Era Comes to an End
Has the era of the super broker come to an end? This question surfaced recently... Continue reading→
Increase of Medical Office Leases in New York
More New Yorkers can anticipate the arrival of medical providers in their neighborhoods soon. According... Continue reading→
Fresh Incentives are Targeted at Kickstarting the Conversion of Office Buildings
For years, municipalities have utilized incentives to stimulate desired investments or address persistent issues requiring... Continue reading→
$3.3 Billion in Federal Grants is Accelerating the Initiation of Numerous Projects
Federal officials have disclosed the distribution of the remaining grants for transportation and commercial developments... Continue reading→
Dollar Tree is Set to Close 970 Family Dollar Stores
Dollar Tree fell short of market expectations for holiday-quarter sales and profit on Wednesday, announcing... Continue reading→
Kim Kretowicz Joins WCRE as Executive Vice President-Healthcare Advisory & Investment Services
Strategic Hire Strengthens Firm’s Healthcare Presence, Fuels Growth in NJ and NY Markets WCRE |... Continue reading→
National Office Attendance Shows Gradual but Consistent Increase
Achieving a return to pre-pandemic office attendance levels has been neither swift nor simple, but... Continue reading→
Midtown South Rezoning May Pave the Way for 4,000 New Homes
New York City planning officials aim to revitalize a 42-block area in Midtown South, introducing... Continue reading→
New York’s Industrial Space Outpaces National and Major City Growth
The U.S. industrial sector is contending with a surge in available space, with New York... Continue reading→
Real Estate’s Biggest Turnover in 20 Years
The commercial real estate sector, known for its dynamic players, has seen significant movement among... Continue reading→
10 Most Inventive and Inspiring CRE Projects
LoopNet’s readers continued to be captivated by adaptive reuse projects in the past year. Innovative... Continue reading→
Whole Food is Trying Small Format Stores
Whole Foods Market, seeking expansion in urban areas, is set to join the trend of... Continue reading→
Philadelphia’s Retail Sector is the Sole Property Type Experiencing a Reduction in Vacancy
Between the first quarters of 2020 and 2024, the Philadelphia commercial real estate market exhibited... Continue reading→
The flight-to-Quality Trend in the Office Market has Unique Nuances
The emphasis on state-of-the-art “trophy” office spaces is often highlighted as a primary factor influencing... Continue reading→
New York Building Sales Come Together
One individual is forging a path through the challenging landscape of today’s investment sales market,... Continue reading→
City Planning Commission Forwards Commercial Zoning Adjustments to City Council
The City Planning Commission has approved the Adams administration’s comprehensive commercial zoning reforms, named City... Continue reading→
Macy’s Will Close 150 Department Stores but Open New Locations for Successful Chains
In pursuit of sales growth, Macy’s announced plans on Tuesday to close around 150 underperforming... Continue reading→
WCRE February 2024 Newsletter
In the WCRE February 2024 Newsletter, we cover a variety events impacting Philadelphia and South... Continue reading→
Deciding if You Should Appeal Your Property Taxes
Should you appeal your property taxes? No one enjoys paying real estate taxes, especially in... Continue reading→
The Conversion of Philadelphia’s Office Buildings Needs to Commence Immediately
The COVID pandemic has left an indelible mark on our collective memory, reshaping the way... Continue reading→
New Rules for Office Dress Code
As companies recall employees to the office, many are adopting a more relaxed dress code... Continue reading→
Wawa Opening First Modular Drive-Thru Stores
As Wawa aims for simultaneous expansion across multiple regions, leveraging prefabricated construction methods could streamline... Continue reading→
The WCRE Team Marks our Twelve-Year Anniversary
This week, the WCRE team marks our twelve-year anniversary. Our success is the result of... Continue reading→
Real Estate Giant Settles Class-Action Commission Lawsuits
Keller Williams Realty has reached a $70 million settlement in nationwide class-action lawsuits, alleging that... Continue reading→
Office Leasing Activity Increases But Remains Well Below Pre-Covid-19 Levels
Office leasing activity has shown signs of improvement in recent months, although it remains below... Continue reading→
Goldman Sachs Further Backs New York Office-to-Residential Conversion
Goldman Sachs to Originate $395 Million Loan for Refinancing of 70 Pine St., a Former... Continue reading→
COREY HASSMAN JOINS WCRE TO LEAD DUAL-FOCUSED ROLE
WCRE EXPANDS RETAIL & INDUSTRIAL TEAM WITH NEW HIRE WCRE proudly announces the hiring of... Continue reading→
Port Authority Bus Terminal Redevelopment: Adding Office and Retail Space
Port Authority Bus Terminal Redevelopment to Include Two Office Towers and Retail Space. During a... Continue reading→
Rethinking ‘Flight to Quality’ in the Office Market
Despite its widespread use, the concept of ‘flight to quality’ falls short in capturing the... Continue reading→
The Latest Employment Rate for January 2024
The resilience of the U.S. labor market continues to astonish economists and Wall Street, with... Continue reading→
WCRE January 2024 Newsletter
In the WCRE January 2024 Newsletter, we cover a variety events impacting Philadelphia and South... Continue reading→
NYC’s Office Return Surges, Reaching 70% of Pre-Pandemic Levels
In December, the resurgence of the return-to-office trend saw average visitation rates at 350 Manhattan... Continue reading→