Phil Costa
Cooling Off as the Delta Variant Strikes
Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior, business activity, and the housing market released last week showed […]
Read More....Many employees want to work remotely forever. Some business owners will fire those who try.
Many small business owners want their employees to return to the office full-time as the pandemic wanes — and 39% said they would fire workers who refuse. That is from […]
Read More....Cannabis Sales Go Suburban as Large, Open Air Shopping Centers Become Fertile Retail Ground
A Grupo Flor store that just opened in Union City, California, is billed as the nation’s first cannabis business in a type of regional, open-air shopping center that’s normally home to big-box […]
Read More....Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives
After a two-year halt, residential real estate developers in New Jersey can now apply for state tax incentives from $50 million set aside as part of legislation Gov. Phil Murphy […]
Read More....Petco To Buy Full Veterinary Practices to Boost In-Store Hospital Business in Industry Property Shift
Petco now plans to acquire full veterinary practices with established customers and relocate them into its stores as the nation’s second-largest pet store chain expands its initial strategy of just […]
Read More....Target To Accelerate Real Estate Expansion Plans Amid Sales Growth
Target Corp. said it is planning to keep its strong sales momentum going by upping the ante on building out its logistics network over the next 24 months. The retailer, […]
Read More....The Path to Recovery for Hotels Is Paved With Luxury
In the first quarter of 2021, luxury chain-affiliated hotels in the U.S. reported average daily rate growth of 3.4% compared to the first quarter of 2020. In other words, those […]
Read More....New York, New Jersey Marijuana Legalization May Spark Flurry of Commercial Real Estate Activity
New York and New Jersey passed laws legalizing recreational marijuana roughly within a month of each other this year, moves expected to spur demand for cultivation sites, processing centers and […]
Read More....Brandywine Expects Return-to-Office Recovery To Take At Least Three Quarters
Brandywine Realty Trust is seeing a big comeback in leasing activity as more tenants contemplate returning to the office, but executives cautioned it could take several months until operations are […]
Read More....Recovery in the Big Markets Is Catching Up With the Small
The U.S. has maintained a 2.5 million vaccine dose per day average for the past two weeks, and the benefits have become immediately apparent. Every state has vaccinated at least […]
Read More....Pandemic Prompts McDonald’s to Close 325 Restaurants in Walmart Stores
McDonald’s Corp. plans to close about 325 restaurants in Walmart stores as it shifts spending to new openings and renovations while Walmart looks to introduce new food concepts. The in-store […]
Read More....Inflation Seen As Low Risk for Commercial Real Estate Investors
As the third COVID-19 relief bill made its way through Congress, a new concern dominated conversations among economists: inflation. Massive stimulus packages that more than bridge the current output gap […]
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