retail
WCRE FIRST QUARTER 2022 REPORT
After a Pause, Southern New Jersey & Philly Markets Appear to have Overcome Omicron Commercial real estate brokerage WCRE reported in its analysis of the first quarter that the post-pandemic […]
Read More....Backed by private equity, car wash operators scour Philadelphia market for locations
Scott Caplan turned his sights on the car wash business six years ago, raising a total of $11 millionin two investment rounds that has helped fund the rapid expansion of EverWash with […]
Read More....Retail sales will grow this year, but at a slower rate than in 2021
Retail sales in the U.S. are expected to grow between 6% and 8% this year, as Americans shift more of their spending to restaurants and trips and cope with sticker […]
Read More....Announced Store Closings in 2021 Approach an All-Time Low
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the retail property market shows impressive signs of recovery at year-end. […]
Read More....ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year
A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy […]
Read More....WCRE THIRD QUARTER 2021 REPORT
SOUTHERN NEW JERSEY & PHILLY MARKETS’ ANTICIPATED COMEBACK DELAYED BY DELTA VARIANT Investment Activity & Large Transactions Regained Steam, While Industrial Continued To Lead The Way Commercial real estate brokerage […]
Read More....Resilient Consumers Keep Spending
Rising COVID cases stemming from the virulent delta variant have driven governments and businesses to reimpose social distancing measures and delay return-to-office policies, putting a damper on some economic activity. […]
Read More....WCRE SECOND QUARTER 2021 REPORT
WCRE SECOND QUARTER 2021 REPORT: SOUTHERN NEW JERSEY & PHILLY MARKETS FOCUS ON LIGHT AT THE END OF THE TUNNEL As the COVID-19 Threat Recedes, Good Economic News Helps Shore […]
Read More....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 of regional, open-air shopping center that’s normally home to big-box […]
Read More....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 its logistics network over the next 24 months. The retailer, […]
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....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 through the approval process in Philadelphia, underscoring the optimism residential […]
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