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→
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→
