Here is Where the Distressed CRE Loans are Piling Up the Fastest
The rate of loans backing office properties that are considered distressed or delinquent is on the rise as landlords of... Continue reading→
Nation’s Strongest and Weakest Apartment Rent Growth
For the first time in more than 20 years, Chicago’s apartment rent growth is the highest among its major market... Continue reading→
Several Categories Post Growth in Manufacturing Output As Supply Chain Disruptions Ease
U.S. industrial production increased by 1% in July from a month earlier after two consecutive quarters of decline as more... Continue reading→
Macy’s Plans Four New Small-Format Stores for Fall
Macy’s unveiled the locations of its next four new small-format stores, expanding the rollout this fall to the U.S. Northeast... Continue reading→
62 Bed Bath & Beyond leases will help retailer with new store goals
Burlington is also in the midst of rolling out its smaller store prototype, which the South Jersey retail expects to... Continue reading→
Aldi Plans to Acquire Winn Dixie and Expanding South
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this... Continue reading→
Hardly Any CRE Loans Are Being Re-Financed
Lenders and special servicers are looking beyond refinancing options when it comes to working with borrowers on commercial real estate... Continue reading→
East Coast Mayors Call for More Office Conversions
Mayors in cities across the U.S. want to loosen rules that can slow the pace of office-to-residential conversions. In some... Continue reading→
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... Continue reading→
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,... Continue reading→
WCRE Second Quarter 2023 Report
South Jersey & Philly Markets See Mixed Results Key Indicators Show Signs of Trouble, Yet the Metro is Outperforming Peer... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
