Phil Costa
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My Recent Successes
Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage
Amazon, the world’s largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting... Continue reading→
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... Continue reading→
Peloton’s Pandemic Expansion Leads to One of the Year’s Biggest US Industrial Lease Deals
Peloton is cranking up its pandemic property expansion as the producer of at-home exercise equipment and classes, signing one of... Continue reading→
Resilient Consumers Keep Spending
Rising COVID cases stemming from the virulent delta variant have driven governments and businesses to reimpose social distancing measures and... Continue reading→
Cooling Off as the Delta Variant Strikes
Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior,... Continue reading→
Many employees want to work remotely forever. Some business owners will fire those who try.
Many small business owners want their employees to return to the office full-time as the pandemic wanes — and 39%... Continue reading→
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... Continue reading→
Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives
After a two-year halt, residential real estate developers in New Jersey can now apply for state tax incentives from $50... Continue reading→
Petco To Buy Full Veterinary Practices to Boost In-Store Hospital Business in Industry Property Shift
Petco now plans to acquire full veterinary practices with established customers and relocate them into its stores as the nation’s... Continue reading→
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... Continue reading→
The Path to Recovery for Hotels Is Paved With Luxury
In the first quarter of 2021, luxury chain-affiliated hotels in the U.S. reported average daily rate growth of 3.4% compared... Continue reading→
New York, New Jersey Marijuana Legalization May Spark Flurry of Commercial Real Estate Activity
New York and New Jersey passed laws legalizing recreational marijuana roughly within a month of each other this year, moves... Continue reading→
Brandywine Expects Return-to-Office Recovery To Take At Least Three Quarters
Brandywine Realty Trust is seeing a big comeback in leasing activity as more tenants contemplate returning to the office, but... Continue reading→
Recovery in the Big Markets Is Catching Up With the Small
The U.S. has maintained a 2.5 million vaccine dose per day average for the past two weeks, and the benefits... Continue reading→
Pandemic Prompts McDonald’s to Close 325 Restaurants in Walmart Stores
McDonald’s Corp. plans to close about 325 restaurants in Walmart stores as it shifts spending to new openings and renovations... Continue reading→
Inflation Seen As Low Risk for Commercial Real Estate Investors
As the third COVID-19 relief bill made its way through Congress, a new concern dominated conversations among economists: inflation. Massive... Continue reading→
While Covid-19 Caused Office Vacancies…WCRE Moves and Doubles Office Space in Marlton, New Jersey Headquarters
Due to COVID-19, office space vacancies have risen throughout the country and some companies have been forced to scale back.... Continue reading→
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,... Continue reading→
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... Continue reading→
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... Continue reading→
