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Center City District Says Diversifying Downtown is Key to Philadelphia’s Future

Center City District CEO Paul Levy says diversifying downtown is the key to Philadelphia's future

Three years after the start of the Covid-19 pandemic, Philadelphia’s downtown recovery has both challenges and opportunities. Office buildings have been slow to fill back up while restaurants have rebounded. […]

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NJSA 40:55D-8.4: NJ Non-Residential Development Fee & Applicable Exemptions

NJ Non-Residential Development Fee

New Jersey offers an exemption to the Non-Residential Development Fee (“NRDF”), sometimes called the COAH fee, it imposes on developers of non-residential property. The NRDF is (i) equal to two […]

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ChaptGPT May Look for Commercial Real Estate

ChatGPT Could Find a Place in Commercial Real Estate

Since OpenAI’s chatbot launched in November, real estate professionals across the country have experimented with it to help with tasks ranging from copy editing to tweaking the tone of an […]

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Target Expands Drive-Up Returns

Target Expands Drive-Up Returns As Chains Cope With Unwanted Online Purchases

Discounter Target plans to roll out drive-up return services for customers across its chain nationally as retailers change the look and design of their stores to inexpensively handle sent-back merchandise […]

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Five Reasons A Seller Should Consider Conducting Their Own Due Diligence Before A Property Sale

Five Reasons A Seller Should Consider Conducting Their Own Due Diligence Before A Property Sale

Myth: “You only need to conduct due diligence when you’re purchasing a property.” Fact: There are many reasons why a seller of a commercial, industrial, or multi-family property might consider […]

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The WCRE Team Marks our Eleven-Year Anniversary

The WCRE Team Marks our Eleven-Year Anniversary

This week, the WCRE team marks our eleven-year anniversary. Our success is the result of the trust and support we receive from our clients, colleagues, and community. Gratitude! This is […]

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Big Box Retail Stores Set to Close Across US in 2023

Big Box Retail Stores Closing Across US

America is bracing for a mass exodus of retail stores across the nation this year, with more than 800 big box locations set to close from California to New York.  Among the iconic […]

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Amazon Employees to Return to Office Three Days a Week

Amazon is instructing corporate staffers to spend at least three days a week in the office, CEO Andy Jassy wrote in a memo on Friday. It marks a shift from Amazon’s previous policy, […]

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While Layoffs are Spreading, Hiring is Slow

Layoffs spreading

Job cuts are rising at some of the biggest U.S. companies, but others are still scrambling to hire workers, the result of wild swings in consumer priorities since the Covid pandemic began three years […]

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Selecting a Property for Your Company: What to Consider

Selecting a Property for Your Company

Selecting a property for your company can be challenging. This space will be the recognizable hub for your clients and a warm and familiar place for employees to return to […]

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Concessions Offered to Lure Office Tenants

Office Market Trends

A growing spread between starting and effective rents illustrates how office landlords — even among coveted Class A buildings — are seeing their rental income eroded as the office market […]

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Loans to Family Members: Tax Implications

loans to family members

In these still-tough economic times, you may want to offer loans to family members to assist them. That’s a commendable deed. However, please make it a tax-smart loan. This alert […]

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