Regional Commercial Real Estate Trends
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. […]
Read More....ChaptGPT May Look for Commercial Real Estate
Since OpenAI’s chatbot launched in November, real estate professionals across the country have experimented with it to help with tasks ranging from copy editing to tweaking the tone of an […]
Read More....Target Expands Drive-Up Returns
Discounter Target plans to roll out drive-up return services for customers across its chain nationally as retailers change the look and design of their stores to inexpensively handle sent-back merchandise […]
Read More....Big Box Retail Stores Set to Close Across US in 2023
America is bracing for a mass exodus of retail stores across the nation this year, with more than 800 big box locations set to close from California to New York. Among the iconic […]
Read More....Amazon Employees to Return to Office Three Days a Week
Amazon is instructing corporate staffers to spend at least three days a week in the office, CEO Andy Jassy wrote in a memo on Friday. It marks a shift from Amazon’s previous policy, […]
Read More....While Layoffs are Spreading, Hiring is Slow
Job cuts are rising at some of the biggest U.S. companies, but others are still scrambling to hire workers, the result of wild swings in consumer priorities since the Covid pandemic began three years […]
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