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→
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→
