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→
Rising Retail Capitalization Rates Amid Sustained Consumer Demand
After a period of price discovery, the Philadelphia region is adjusting to a new valuation...Continue reading→
Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan
French luxury conglomerate Kering, renowned for its high-end brands such as Gucci and Balenciaga, has...Continue reading→
Challenges Intensify as Office Market Faces Influx of Lease Expirations and Loan Maturities
An alarming number of leases are poised to expire in the next five years, posing...Continue reading→
How New York’s New Law Impacts Projects
In the realm of construction, retainage refers to a portion of funds withheld from payments...Continue reading→
Commercial Real Estate Sales in Philadelphia Sector Enter 2024 on a Low Note
After enduring the slowest year for commercial property sales in over a decade in 2023,...Continue reading→
New York City Set to Update Commercial and Industrial Zoning Rules After Six Decades
In the diverse environment of New York City, outdated zoning laws have impeded growth and...Continue reading→
University of Michigan Survey: Consumer Sentiment Surges, Inflation Outlook Dips
Despite concerns of an impending economic slowdown, a survey released on Friday indicates that consumers...Continue reading→
Philadelphia Industrial Assets Remain Top Choice for Real Estate Investors for Third Consecutive Year
Despite a 57% annual sales decline in 2023, industrial properties in the Philadelphia region maintained...Continue reading→
Naftali Group Files Permits for 21-Story Complex in Brooklyn
Plans have been submitted for a 21-story tower situated at 1 Division Avenue in Williamsburg,...Continue reading→
New York Stadium Set for Renovation
Backed by supporters and alumni of the U.S. Military Academy in West Point, New York,...Continue reading→
