Philadelphia commercial real estate
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 to pay for items inside the store and at the […]
Read More....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 from aggressive congressional spending. Advance retail sales rose 9.8% for […]
Read More....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 March 2020, when the pandemic began, according to research from […]
Read More....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 the company now occupies a tad more than 13 million […]
Read More....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, while the amount of sublet space in the U.S. office […]
Read More....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....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 […]
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