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WCRE Market Commentary


WCRE SECOND QUARTER 2020 REPORT

UNDER SEVERE CORONAVIRUS RESTRICTIONS, THE SOUTHERN NEW JERSEY & PHILLY CRE MARKETS STILL OUTPERFORMED EXPECTATIONS Despite Widespread Lockdowns, Closures, and Uncertainty, the Market Showed Strength Commercial real estate brokerage WCRE reported in its analysis of the second quarter of 2020 that the Southern New Jersey and Southeastern Pennsylvania markets held their own amid the most […]

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WCRE FIRST QUARTER 2020 REPORT

THE YEAR STARTED OFF ON A HIGH NOTE IN THE SOUTHERN NEW JERSEY & PHILLY CRE MARKETS, THEN COVID-19 CREATED CHAOS Predictions for 2020 Had Been Bullish, But are Now a Great Unknown Commercial real estate brokerage WCRE reported in its analysis of the first quarter of 2020 that the Southern New Jersey and Southeastern […]

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UPDATE – Paycheck Protection Program & SBA Guidelines

Paycheck Protection Program & SBA Guidelines

The CARES Act sets forth a loan program called the Paycheck Protection Program, (“PPP”), which, if you have less than 500 employees, you are eligible for up to 8 weeks of payroll, rent, utilities, and healthcare benefit costs. Regulations Revised 4/3/2020 (PDF) >> The Small Business Administration (SBA) will begin accepting applications this week!*** April […]

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New Jersey Emergency Small Business Grant Application Opens Tomorrow

Emergency Small Business Grant Application Opens Tomorrow

The New Jersey Economic Development Authority (NJEDA) will launch the application for its Small Business Emergency Assistance Grant Program tomorrow, Friday, April 3, 2020 at 9:00 am. A link to the grant program application will be posted on the State’s COVID-19 Business Information Hub. The grant program is part of a package of initiatives announced […]

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NJEDA COVID-19 Economic Relief Package

NJEDA

NJEDA initiatives aimed at stabilizing and revitalizing local small businesses, midsize businesses, and other early-stage companies. NJEDA has developed an economic stability approach around three core principles 1. Get funding into the market as soon as possible ► Where possible, adjust existing NJEDA programs to address crisis needs ► Utilize multiple channels / partners to […]

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The CARES Act and Commercial Real Estate

The CARES Act and Commercial Real Estate

Signed into law by President Trump last Friday, the CARES Act is designed to provide assistance to American workers, families, businesses, municipalities and health care systems through an over $2 trillion stimulus package. Given the enormous reach of the bill, its impact on commercial real estate, and in particular landlords and creditors, is extensive. Here […]

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(COVID-19 Update) CARES ACT

COVID-19 3-27-2020 UPDATE

The Senate and House have passed the CARES Act which is a stimulus package for the nation and includes several important opportunities for small business to receive assistance. The law was signed by the President last week. In this legislation, there are several relief programs for businesses. In particular, the Paycheck Protection Program provides small […]

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(COVID-19 Update) Congress Agrees to $2 Trillion Coronavirus Relief Package

$2 Trillion Coronavirus Relief Package

On Wednesday, March 25, 2020—after days of debate—Congress agreed to a $2 trillion economic relief package designed to provide financial assistance to Americans and their families, and billions of dollars in loans for businesses. Voting is expected midday. The package is the largest fiscal stimulus in modern U.S. history and is the government’s most recent […]

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SBA Disaster Loan Program

The Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by […]

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WCRE FOURTH QUARTER 2019 REPORT

YEAR ENDS ON A HIGH NOTE IN SOUTHERN NEW JERSEY & PHILLY CRE MARKETS Favorable Economic Conditions Expected to Continue into 2020 Commercial real estate brokerage WCRE reported in its analysis of the fourth quarter of 2019 that the Southern New Jersey and Southeastern Pennsylvania markets continued their years-long overall steady performance. Sales volume and […]

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WCRE THIRD QUARTER 2019 REPORT

WCRE THIRD QUARTER 2019 REPORT

SOLID FUNDAMENTALS WITH MODEST GAINS IN SOUTHERN NEW JERSEY & PHILLY CRE MARKETS Favorable Economic Conditions Expected to Continue into 2020 Commercial real estate brokerage WCRE reported in its analysis of the third quarter of 2019 that the Southern New Jersey and Southeastern Pennsylvania markets continued to show modest gains, continued investments, and overall solid […]

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WCRE SECOND QUARTER 2019 REPORT

WCRE SECOND QUARTER 2019 REPORT

SOLID FUNDAMENTALS, STEADY GAINS IN SOUTHERN NEW JERSEY & PHILLY CRE MARKETS Quarterly Performance a Continuation of Success Commercial real estate brokerage WCRE reported in its analysis of the second quarter of 2019 that the Southern New Jersey and Southeastern Pennsylvania markets continued to show modest gains and overall solid fundamentals. Sales volume and prospecting […]

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