Cooling Off as the Delta Variant Strikes
Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior,...Continue reading→
WCRE SECOND QUARTER 2021 REPORT
WCRE SECOND QUARTER 2021 REPORT: SOUTHERN NEW JERSEY & PHILLY MARKETS FOCUS ON LIGHT AT THE END OF THE TUNNEL...Continue reading→
Many employees want to work remotely forever. Some business owners will fire those who try.
Many small business owners want their employees to return to the office full-time as the pandemic wanes — and 39%...Continue reading→
Cannabis Sales Go Suburban as Large, Open Air Shopping Centers Become Fertile Retail Ground
A Grupo Flor store that just opened in Union City, California, is billed as the nation’s first cannabis business in a type...Continue reading→
The Future of Office Work has Arrived
Effective 6 AM on June 4, 2021, employers had the green light to require their employees to return to the...Continue reading→
Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives
After a two-year halt, residential real estate developers in New Jersey can now apply for state tax incentives from $50...Continue reading→
Sheetz Becomes First Convenience Store Chain to Accept Cryptocurrency
Sheetz, the Pennsylvania-based convenience store chain, has announced it will enable digital currency payments to provide customers with the ability...Continue reading→
Petco To Buy Full Veterinary Practices to Boost In-Store Hospital Business in Industry Property Shift
Petco now plans to acquire full veterinary practices with established customers and relocate them into its stores as the nation’s...Continue reading→
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→
