Phil Costa
New Jersey Readies Warehouse Development Guidance As ‘Sprawl’ Concerns Spread Nationally
New Jersey is drafting guidelines to help its more than 500 municipalities make decisions about the development of warehouses within their borders, as localities across the country grapple with a […]
Read More....Consumer Prices Break Another Record
Persistent supply constraints paired with the effect that the war in Europe is having on commodity markets — of both energy and agricultural products — are pushing overall prices higher […]
Read More....Global Economy Suffering Collateral Damage From Ukraine Invasion
Well before Russia invaded Ukraine, the International Monetary Fund was already forecasting global economic growth to moderate this year, the result of ongoing inflation driven by supply chain disruptions, energy price […]
Read More....Economic Momentum Weakens as US Enters the New Year
As the Federal Reserve signals its intention to raise interest rates soon to battle rising inflation, it’s been easy to overlook how well the economy performed over the past year […]
Read More....Bank Branch Closings Hit Another Record High
Last year produced another record-high number of bank branch closings with 3,601 locations shutting their doors, according to Federal Deposit Insurance Corp. data. The trimming of bank branches has been […]
Read More....Announced Store Closings in 2021 Approach an All-Time Low
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the retail property market shows impressive signs of recovery at year-end. […]
Read More....Zombie Office Buildings on the Rise As Pandemic Endures
In the good times leading up to the first quarter of 2020, the number of office properties written off as vacant “zombies” had largely dwindled in size across most major […]
Read More....Commercial Property Prices Rebound Strongly, Led by Hotels
Commercial real estate prices powered higher in the third quarter, led by strong growth in the hospitality sector, as properties hurt by COVID-19 in 2020 rebound, according to the latest […]
Read More....Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage
Amazon, the world’s largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting facilities over a two-year period that began early in the […]
Read More....ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year
A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy […]
Read More....Peloton’s Pandemic Expansion Leads to One of the Year’s Biggest US Industrial Lease Deals
Peloton is cranking up its pandemic property expansion as the producer of at-home exercise equipment and classes, signing one of the biggest industrial leases in the United States. The maker […]
Read More....Resilient Consumers Keep Spending
Rising COVID cases stemming from the virulent delta variant have driven governments and businesses to reimpose social distancing measures and delay return-to-office policies, putting a damper on some economic activity. […]
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