Regional Commercial Real Estate Trends
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....More Positive Developments in Allentown’s Neighborhood Improvement Zone
It was a busy week for the commercial property market in downtown Allentown, Pennsylvania. For those tracking the growth and development occurring within the unique tax-incentive program contained entirely within Pennsylvania’s third […]
Read More....Voorhees Town Center Buyer Terminates Agreement
Brandywine Acquisition & Development has terminated its purchase and sale agreement to acquire the Voorhees Town Center due to the COVID-19 global pandemic, according to a statement from the real […]
Read More....Gap Inc. to Close 350 Stores by 2023 as Clothing Retailer Retools Real Estate Footprint
Iconic retailer Gap Inc. said it would close 350 stores by 2023 across its namesake and Banana Republic brands, a decision that is expected to reduce its mall-based locations by an estimated […]
Read More....Despite Bleak Near-Term Outlook, Philadelphia Economy Should Survive Coronavirus
The coronavirus spread has reintroduced factors absent from in the national and Philadelphia commercial real estate markets economy for almost a decade: widespread fear and uncertainty. As we are early […]
Read More....U.S. Economy Records Another Month of Job Growth
For the second month in a row, U.S. firms active in the national and Philadelphia commercial real estate markets blasted past hiring expectations, adding 273,000 net new jobs in February […]
Read More....Grocers, Gyms, Discount Apparel Keeping Philly Retail Space Market Afloat
Store closures reached a record-high nationally in 2019, and the Philadelphia commercial real estate market was not spared from the fallout. Sears and Kmart alone shuttered eight stores in the […]
Read More....Retail Pop-Ups Evolve as Landlords Seek Fresh Appeal
The bright neon sign declares “You are magic!” as a room fills with a rainbow of lights activated by a couple, Jaime Martinez and Cristina Cave, clasping hands while touching […]
Read More....New Census Figures Show Rise in College Educated Renters in Philly
Just before the start of 2020, the U.S. Census Bureau released a treasure trove of its most recent demographic data from 2018. While the census’ data releases are slightly dated, […]
Read More....Job Growth, Consumer Spending Bode Well for CRE in 2020
The longest economic expansion since World War II in the national and Philadelphia commercial real estate markets shows indications of staying solid in 2020, extending the record bull run for […]
Read More....2019 U.S. Office Investment, Leasing Shatters Records
Demand for U.S. offices throughout national and Philadelphia commercial real estate markets set a post-recession record in 2019 as companies and real estate investors set aside concerns about a slowing […]
Read More....Mixed Messages Cloud the View Toward Clarity in Economic Policy
Analysts had hoped to get some clarity in the past week on both monetary policy and fiscal policy fronts. Instead, with all the recent announcements, reversals, and delays related to […]
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