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→
Utopia Bagels to Open in Manhattan, New York
Utopia Bagels from New York City has committed to a 15-year lease for its inaugural...Continue reading→
WCRE FOURTH QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Prove Mostly Resilient Uncertainty in the Office Market, Robust...Continue reading→
New York Metro: 2023 Year in Review
As we reflect on the New York Metro’s 2023 journey in both retail and office...Continue reading→
Interest Rates and Prices Could Fall in 2024
The eagerly anticipated interest rate-cutting cycle might kick off as early as March 2024, as...Continue reading→
WCRE December 2023 Newsletter
In the WCRE December 2023 Newsletter, we cover a variety events impacting Philadelphia and South...Continue reading→
Rising Interest Rates Pose Challenges for Retail Transactions, Potentially Impacting Cap Rates
Compared to other property segments, the retail sector has seen modest declines in prices. Surprisingly,...Continue reading→
Retailers Say More Store Openings Than Closings in 2023
On December 19, 2023, at 1:34 P.M., the retail landscape experienced a notable shift after...Continue reading→
Retailers That Drove Leasing in 2023
On December 18, 2023, at 4:34 P.M., the U.S. retail sector sustained its expansion throughout...Continue reading→
Philadelphia Retailers Downsize Store Requirements, Leading to Smaller Average Retail Lease Sizes
The trend of diminishing retail lease sizes continues in the Philadelphia metropolitan area, spurred by...Continue reading→
WCRE Secures Ideal Location For Lotus ABA Services
Lotus ABA Services proudly announces its grand opening, marking a significant step in offering inclusive...Continue reading→
Employment Rates According to Glassdoor
November’s robust employment figures didn’t guarantee an effortless economic transition, but they did provide some...Continue reading→
WCRE Appoints Eric Grad To Spearhead New York Expansion
Enhances Partnership With CORFAC International Wolf Commercial Real Estate (WCRE | CORFAC International) a leading...Continue reading→
Expect Commercial Real Estate Prices to Remain Depressed for the Foreseeable Future
Since the Federal Reserve began raising its benchmark interest rate in March 2022, the U.S....Continue reading→
Assessing Philadelphia’s Office Market Against Other Major US Cities
Amidst a national trend of companies downsizing office spaces over three years, the Philadelphia metropolitan...Continue reading→
WCRE November 2023 Newsletter
In the WCRE November 2023 Newsletter, we cover a variety events impacting Philadelphia and South...Continue reading→
WCRE 10th Annual Thanksgiving Food Drive
Marking a significant milestone, Wolf Commercial Real Estate (WCRE) proudly concluded its remarkable 10th Annual...Continue reading→
Retailers Continue Favoring Small Store Sizes
The retail landscape continues its profound, enduring transformation in response to evolving consumer behavior. This...Continue reading→
