Featured Blogs
Goldman Sachs Further Backs New York Office-to-Residential Conversion
![Goldman Sachs Support for NY Office Conversion](https://wolfcre.com/wp-content/uploads/2024/02/office-nyc-150x150.png)
Goldman Sachs to Originate $395 Million Loan for Refinancing of 70 Pine St., a Former New York Office Property Converted to Residential Use Goldman Sachs is set to originate a […]
Read More....COREY HASSMAN JOINS WCRE TO LEAD DUAL-FOCUSED ROLE
![Cory Hassman](https://wolfcre.com/wp-content/uploads/2024/02/Cory-Hassman-1-150x150.jpg)
WCRE EXPANDS RETAIL & INDUSTRIAL TEAM WITH NEW HIRE WCRE proudly announces the hiring of Corey Hassman, the firm’s newest Senior Advisor to service the Philadelphia and South Jersey commercial […]
Read More....Port Authority Bus Terminal Redevelopment: Adding Office and Retail Space
![Port Authority Bus Terminal Redevelopment to Add Office and Retail Space](https://wolfcre.com/wp-content/uploads/2024/02/office-1-150x150.png)
Port Authority Bus Terminal Redevelopment to Include Two Office Towers and Retail Space. During a Thursday press conference, the Port Authority of New York and New Jersey unveiled plans for […]
Read More....Rethinking ‘Flight to Quality’ in the Office Market
![Three Signs 'Flight to Quality' May Not Be the Best Way To Describe the Office Market](https://wolfcre.com/wp-content/uploads/2024/02/office--150x150.png)
Despite its widespread use, the concept of ‘flight to quality’ falls short in capturing the nuanced dynamics of the office occupancy market. While it appears valid on the surface, a […]
Read More....The Latest Employment Rate for January 2024
![US Jobs for January 2024](https://wolfcre.com/wp-content/uploads/2024/02/jobs-150x150.png)
The resilience of the U.S. labor market continues to astonish economists and Wall Street, with January seeing broad job gains totaling 353,000. Health care and social assistance led the hiring […]
Read More....NYC’s Office Return Surges, Reaching 70% of Pre-Pandemic Levels
![NYC's Office Return Surges, Reaching 70% of Pre-Pandemic Levels](https://wolfcre.com/wp-content/uploads/2024/01/nyc-office-150x150.png)
In December, the resurgence of the return-to-office trend saw average visitation rates at 350 Manhattan buildings climb to 67% of 2019 levels, as reported by the Real Estate Board of […]
Read More....Rising Retail Capitalization Rates Amid Sustained Consumer Demand
![Retail Capitalization Rates Shift Higher, Despite Enduring Consumer Demand](https://wolfcre.com/wp-content/uploads/2024/01/retail-150x150.png)
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
![Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan for $963 Million](https://wolfcre.com/wp-content/uploads/2024/01/gucci-150x150.png)
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
![Wave of lease expirations, loan maturities to compound office market challenges](https://wolfcre.com/wp-content/uploads/2024/01/office-150x150.png)
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
![Restraining retainage: Drilling down into New York’s 5% retainage law and its impact on your project](https://wolfcre.com/wp-content/uploads/2024/01/nyc--150x150.png)
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
![Philadelphia’s Commercial Real Estate Sales Enter 2024 on a Low Note](https://wolfcre.com/wp-content/uploads/2024/01/philly-sales-low-2024-150x150.png)
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
![NYC Modernizing Outdated CRE Industrial Zoning](https://wolfcre.com/wp-content/uploads/2024/01/nyc-zoning-150x150.png)
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 […]
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