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→
Concessions Offered to Lure Office Tenants
A growing spread between starting and effective rents illustrates how office landlords — even among coveted Class A buildings —...
Philly’s First Indoor Pickleball Center to Open in Malvern
When temperatures drop and Philadelphia-area pickleball players scramble to find a place to play their increasingly popular sport indoors, they...Continue reading→
Mortgage Bonds Coming Due in 2023
Some $17 billion in mortgage bonds backed by office properties is coming due this year, in an environment where the...Continue reading→
New Jersey’s Proposed Liquor License Reform Wins Support
New Jersey Gov. Phil Murphy’s proposal to overhaul what he described as the state’s “antiquated and confusing” Prohibition-era liquor license...Continue reading→
Some Retail Tenants look to Aggressively Expand
Despite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent...Continue reading→
Office Owners Want to Own More Than Office Space
Many of the most prominent office developers in the U.S. are shifting gears, looking to buy or build real estate...Continue reading→
WCRE FOURTH QUARTER 2022 REPORT
Southern New Jersey & Philly Markets Buffeted By Rapid Interest Rate Hikes, Inflation Leasing and Sales are Down, and Some...Continue reading→
