WCRE COVID-19 Resource Center - Wolf Commercial Real Estate | South Jersey | Philadelphia

Retail Sales Slower Because of Autos

Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones. The...

Americans Filing for Unemployment falls Below 1M

The number of laid-off Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in...

Trump Signs Relief Order After Congress Fails to Act

President Donald Trump on Saturday signed a series of executive orders expanding coronavirus economic relief to Americans struggling during the pandemic. The...

US Jobs Report Shatters Expectations

Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a...

Five Charts Illustrating Current U.S. Economic Trends

States are taking differing approaches to reopening and closing during the pandemic, and the economy has been feeling the impact....

Philly Schools to Return Virtually in Fall

The Philadelphia School Board has voted to begin the school year online. The Board announced its approval of an all-virtual...

Fed to Hold Rates Steady Based on Economic Data

The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on...

Property Management with Safety in Mind

Let's look at safety as it relates to property management. As a property manager, you have an important responsibility. Building...

Murphy Announces a New Relief Program for Small Businesses

Governor Murphy announced a new relief program for small businesses impacted by the COVID-19 pandemic. The Small Business Lease -...

Senate and White House Agree on $1 Trillion Aid Bill

Senate Republicans announced Wednesday evening that they have "reached a fundamental agreement" with White House negotiators on how to move...

Real Estate Depreciation Change in CARES Act

A welcomed change to real estate depreciation came in the recent CARES Act. We tax practitioners and certain taxpayers have...

Existing Home Sales Surge Nearly 21%

Sales of existing homes jumped nearly 21% in June compared with May, according to the National Association of Realtors. It...

NFL Agrees to Cancel 2020 Preseason

The NFL Players Association and league's owners have agreed to scrap the 2020 preseason while also reducing the size of...

NJ expands travel advisory self-quarantine to 31 states

The COVID-19 rebound has slowly crept toward the Northeast, an area the virus slammed in March and April, as the...

NJ To Offer Remote-Learning Option For Schools

The Department of Education will provide guidance later this week for parents that will allow them to opt for all-remote...

Trump to Resume Coronavirus Briefings

President Donald Trump said that he will resume holding coronavirus press briefings at the White House, likely starting Tuesday, as a sharp...

PA Makes $50M Available for Hazard Pay Grants

Governor Tom Wolf announced the availability of $50 million in grant funding to help employers provide hazard pay to employees...

Eagles Fans Won’t Be Attending Home Games

Philadelphia officials said Tuesday that fans would not be allowed to attend professional sports games — meaning the Eagles will...

Falling Occupancy and Rent Reductions to Cause Cap Rate Increases

The prospect of falling occupancies and rent reductions will cause cap rates to rise. COVID-19 has been a shock to...

Cherry Hill Schools Draft Reopening Plan

Extensive school sanitizing, masks for everyone in school nearly all the time and a hybrid schedule of meeting in person...

Philadelphia Cancels All Large Public Events

All large-scale public events will be canceled through Feb. 28, a city spokesperson confirmed Tuesday. The move effectively cancels the...

Murphy to Lift NJ Transit 50 Seat Limit

New Jersey Gov. Phil Murphy said Monday the 50% capacity limit for New Jersey Transit will be lifted as of...

Large Restaurant Chains Recovering Faster

Big restaurant chains have largely recovered from the coronavirus pandemic, but the rest of the industry is taking longer to...

Murphy to Require Masks Outdoors

Phil Murphy said he’ll sign an executive order Wednesday mandating that masks or other face coverings be worn outdoors, as...