commercial real estate
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 out his grim economic predicament: Heavy spending on coronavirus testing […]
Read More....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 years until we find out which party is on the […]
Read More....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 to a recent study by the Dunnhumby Retailer Preference Index. The […]
Read More....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 bill to make it happen. And, in the interim, thousands of […]
Read More....Working With a Commercial Real Estate Broker
Do you want to rent a commercial property for your business? If so, you need to make an important decision. It’s time to hire a commercial real estate broker to […]
Read More....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 pandemic first hit the region. A new report from Wolf […]
Read More....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 for $1.9 billion. EQT AB, a Stockholm private equity firm, […]
Read More....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 business should be incredibly enthusiastic about what could happen in […]
Read More....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 look at failing malls and envision modern office campuses, bustling […]
Read More....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 Airport, known as CVG. Yet the 60% drop in passenger […]
Read More....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 a 7-year, $14 Billion Dollar bundle of tax incentives geared […]
Read More....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 of its suburban submarkets ending the year up more than […]
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