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...Continue reading→
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...Continue reading→
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...Continue reading→
Covid-19 is affecting CRE lease negotiations. Here’s what experts are seeing.
How will Covid-19 affect the future of commercial real estate? It’s a multibillion-dollar question that’s been debated since the start...Continue reading→
THE $5 BILLION DECADE: Even through the pandemic, University City remains a hotbed of development.
Throughout the pandemic, real estate development has ramped up in University City where in excess of $5 billion has been...Continue reading→
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...Continue reading→
Retail Sales Explode in March as Consumers Use Stimulus Checks to Spend Heavily
A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice...Continue reading→
Nearly 10,000 Apartments Under Construction in Philadelphia, With More on the Way
The Durst Organization’s proposed 26-story, 360-unit apartment project along the Delaware River is among a series of multifamily developments going...Continue reading→
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...Continue reading→
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...Continue reading→
Consumers Spent $900 Billion More Online in 2020. Here’s Who Will Keep the Biggest Gains
Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according...Continue reading→
Retail Rent Collections Climb to 90% for the First Time in a Year
Retail rent collections are steadily improving. In February, rent collections surpassed 90% among national retailers for the first time since...Continue reading→
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...Continue reading→
13M Square Feet and Growing: Mapping Amazon’s Rapidly Expanding Real Estate Footprint Across the Philadelphia Region
From Northeast Philadelphia to King of Prussia, Amazon.com Inc.’s real estate footprint continues to grow throughout the tri-state area and...Continue reading→
Office Sublet Space May Pose More of a Competitive Threat Than Initially Thought
Office sublet space may pose more of a competitive threat than initial estimates indicated. Initially, it looked to some that,...Continue reading→
Empty Office Buildings Squeeze City Budgets as Property Values Fall
WASHINGTON — At a meeting with Treasury Secretary Janet Yellen last month, Jeff Williams, the mayor of Arlington, Texas, laid...Continue reading→
As Store Owners Sign More Short-Term Leases, Landlords are Taking a Risky Bet on the Future of Retail
Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few...Continue reading→
Amazon is Now America’s Most Popular Grocery Store as Online Food Shopping Soars
As the coronavirus pandemic has led to a surge in online orders, Amazon is now the country’s most popular grocery store, according...Continue reading→
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...Continue reading→
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...Continue reading→
