Regional Commercial Real Estate Trends
Macy’s Plans Four New Small-Format Stores for Fall
Macy’s unveiled the locations of its next four new small-format stores, expanding the rollout this fall to the U.S. Northeast and West as the chain looks to optimize its national […]
Read More....62 Bed Bath & Beyond leases will help retailer with new store goals
Burlington is also in the midst of rolling out its smaller store prototype, which the South Jersey retail expects to boost sales productivity and operating margins. *Article courtesy of Philadelphia […]
Read More....Aldi Plans to Acquire Winn Dixie and Expanding South
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this week that it plans to acquire about 400 Winn-Dixie and […]
Read More....Hardly Any CRE Loans Are Being Re-Financed
Lenders and special servicers are looking beyond refinancing options when it comes to working with borrowers on commercial real estate loans that are set to mature in the coming months […]
Read More....East Coast Mayors Call for More Office Conversions
Mayors in cities across the U.S. want to loosen rules that can slow the pace of office-to-residential conversions. In some instances, cities have offered generous tax abatements to developers who […]
Read More....Restaurant Properties Sell Across US
A pair of restaurant portfolio deals in the past week, following Darden Restaurants’ purchase last month of Ruth’s Chris Steak House, marks a return of investor interest as demand improves […]
Read More....David’s Bridal Finds Investor to Keep 200 Stores Open
Beleaguered David’s Bridal may escape the fate of Bed Bath & Beyond and Buy Buy Baby. A New York-based firm, CION Investment Corp., has successfully bid for some of the […]
Read More....WCRE Second Quarter 2023 Report
South Jersey & Philly Markets See Mixed Results Key Indicators Show Signs of Trouble, Yet the Metro is Outperforming Peer Markets Commercial real estate brokerage WCRE reported in its analysis […]
Read More....Rising Borrowing Costs are Pushing Commercial Buyers and Sellers Apart
Economic uncertainty and elevated borrowing costs are pushing buyers and sellers further apart when it comes to pricing commercial properties up to $15 million. Deals are also taking longer to […]
Read More....Philadelphia’s Education and Medical Economy Leads The Region’s Employment Growth
After losing nearly 520,000 nonfarm jobs peak-to-trough in 2020, the Philadelphia region continues to surpass pre-pandemic employment levels with two industries leading the way: education and health services, and professional […]
Read More....Bed Bath & Beyond’s Bankruptcy Puts Distribution Space at Risk
Bed Bath & Beyond’s recent bankruptcy filing has significant implications for the retail property sector, now that the company has announced plans to close its remaining 480 stores across North America, including […]
Read More....Center City District Says Diversifying Downtown is 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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