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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
WCRE FOURTH QUARTER 2020 REPORT
WCRE FOURTH QUARTER 2020 REPORT: SOUTHERN NEW JERSEY & PHILLY CRE MARKETS REMAIN ON SHAKY GROUND AS PANDEMIC WEARS ON...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
