Featured Blogs
Rising Retail Capitalization Rates Amid Sustained Consumer Demand
After a period of price discovery, the Philadelphia region is adjusting to a new valuation standard for commercial real estate assets. Recent transactions indicate that the higher interest rates of […]
Read More....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 invested $963 million in acquiring a retail property on Manhattan’s prestigious Fifth Avenue. This purchase […]
Read More....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 a potential prolonged challenge for the U.S. office market. Recent analysis by CRED iQ, a […]
Read More....How New York’s New Law Impacts Projects
In the realm of construction, retainage refers to a portion of funds withheld from payments to contractors and subcontractors until the completion of the work. It serves as a tool […]
Read More....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, the Philadelphia region approaches the new year with cautious optimism. The initial months are expected […]
Read More....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In the diverse environment of New York City, outdated zoning laws have impeded growth and innovation for over six decades. In a groundbreaking initiative, the city is now striving to […]
Read More....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 are increasingly optimistic about the economy and inflation in early 2024. The University of Michigan’s […]
Read More....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 their status as the preferred asset class. The industrial sector is poised to exhibit resilience […]
Read More....New York Stadium Set for Renovation
Backed by supporters and alumni of the U.S. Military Academy in West Point, New York, funding has been secured for a substantial $145 million overhaul of the Army Black Knights’ […]
Read More....Utopia Bagels to Open in Manhattan, New York
Utopia Bagels from New York City has committed to a 15-year lease for its inaugural Manhattan venture, set to open this spring. Spanning 3,700 square feet, the location at 120 […]
Read More....WCRE FOURTH QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Prove Mostly Resilient Uncertainty in the Office Market, Robust Demand in Industrial and Retail Commercial real estate brokerage WCRE reported in its analysis of […]
Read More....Interest Rates and Prices Could Fall in 2024
The eagerly anticipated interest rate-cutting cycle might kick off as early as March 2024, as speculated by some voices on Wall Street. While a reduction in the Federal Reserve’s policy […]
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