Regional Commercial Real Estate Trends
A Weed Legalization Bill Inches Closer to Approval in N.J. After a Long Wait
New Jersey voters approved a measure in November to legalize recreational marijuana. More than three months later, Gov. Phil Murphy still hasn’t signed a bill to make it happen. And, in the interim, thousands of […]
Read More....Retail Vacancies Spike in South Jersey as Prospective Tenants Remain Skittish on New Leases
Retail vacancies are rising across South Jersey as ripple effects of Covid-19 continue to grow nearly a year after the pandemic first hit the region. A new report from Wolf […]
Read More....Exeter Property Group to be Acquired by EQT AB in $1.9B Deal
Exeter Property Group, a global industrial property behemoth started by Ward Fitzgerald in 2006, has entered into a deal to be acquired for $1.9 billion. EQT AB, a Stockholm private equity firm, […]
Read More....Brandywine CEO Jerry Sweeney Sees Signs of a Big Year for Owners of High-End Commercial Real Estate
Covid-19 sent shockwaves through the commercial real estate market in 2020. Jerry Sweeney now sees opportunity. “I think everybody who’s in our business should be incredibly enthusiastic about what could happen in […]
Read More....Developers Want Malls to Become Warehouses or Offices. It Is a Slog.
Potential land mines await those seeking to raze and redevelop a space that spans dozens of football fields Many developers look at failing malls and envision modern office campuses, bustling […]
Read More....Air Cargo Construction is Booming, Thanks to Amazon
Since the pandemic started nearly a year ago, 15,000 fewer people arrive and depart daily from the Cincinnati/Northern Kentucky International Airport, known as CVG. Yet the 60% drop in passenger […]
Read More....WCRE FOURTH QUARTER 2020 REPORT
WCRE FOURTH QUARTER 2020 REPORT: SOUTHERN NEW JERSEY & PHILLY CRE MARKETS REMAIN ON SHAKY GROUND AS PANDEMIC WEARS ON Industrial was Strong, While Other Sectors Felt the Brunt of […]
Read More....Governor Murphy Signs the NJ Economic Recovery Act of 2020
Effective today, January 7, 2020, Governor Phil Murphy signed the NJ Economic Recovery Act of 2020. The NJERA bill creates a 7-year, $14 Billion Dollar bundle of tax incentives geared […]
Read More....Apartment Rents, Occupancies Stabilizing in Center City Philadelphia
Philadelphia proved to be one of the most stable major apartment markets in the U.S. during 2020, with rents in many of its suburban submarkets ending the year up more than […]
Read More....Eight Ways the Pandemic Changed Commercial Real Estate
The coronavirus pandemic has forced the commercial real estate market into a series of seismic shifts, accelerating some trends and bringing others to a complete halt. It wasn’t so long […]
Read More....Scranton’s Industrial Market Holds on Strong Through 2020
With just a few weeks left in the year, it appears increasingly likely that Scranton will be crowned the 2020 Queen of Pennsylvania logistics. Her ascension to the throne is somewhat surprising. […]
Read More....Murphy USA’s $645 Million QuickChek Deal Shows Growing Convenience Store Demand
The purchase of QuickChek, a family-owned regional chain with stores in New Jersey and New York, for $645 million by Southern-based gas-and-convenience-store giant Murphy USA spotlights how demand is rising […]
Read More....
