It’s Looking Good For The Holidays!
Retail Sales Jump Retail sales were up 1.3% for October (seasonally adjusted) from September, indicating that consumers continue to spend despite rising prices. Many retailers, including Walmart, Amazon and Target, started early holiday sales in October, giving...
Real Estate Matchup Between Astros and Phillies
A World Series between the Houston Astros and Philadelphia Phillies is also a matchup of two of the country’s most important commercial real estate markets. Those baseball teams play in the fourth- and sixth-largest U.S. cities, located along key shipping ports, and...
For Halloween Shopping, Consumers Prefer Specialty Store Haunts
National Retail Federation Expects Record $10.6 Billion in Spending on This Year’s Holiday Specialty Halloween stores will be gobbling up a lot of sales this year, according to the National Retail Federation as it predicts a record $10.6 billion in spending...
Conscious Consumerism: As Black Friday Wilts, Green Friday Sprouts
Not so long ago, Black Friday was a day to be anticipated and celebrated. After Americans stuffed themselves on Thanksgiving, they went in search of stuff to buy the day after. People camped overnight outside stores to take advantage of the doorbuster specials....
Top Economist Expects Inflation to Cool
Geopolitics, The Fed and COVID Policies Will Decide Economic Future According to economist Bernard Baumohl, one of the top questions pending for the fate of the U.S. economy and the hotel industry is just how far the Federal Reserve is willing to push its plan to...
Philly Update: Thousands of Comcast Employees Are Returning
Comcast workers are back in Center City. Their return is ‘flexible’ — but it’s already rejuvenating downtown The return of Comcast employees to the office signals a noteworthy moment in Philadelphia’s pandemic recovery, bringing thousands of people back into Center...
Philadelphia Bioscience Growth Continues
Nuveen Loans $265 Million for Philadelphia Life Science Building, Project Aims To Build 200,000 Square Feet of Lab Space Pennsylvania-based Keystone Development and Investment has secured a strong endorsement in the form of a loan from an affiliate of insurance giant...
US Retail Property Sector Bounces Back
No More Supply Glut as Demolition of Obsolete Retail Space Outpaces New Store Construction According to a recent article on CoStar, analytics show that the retail property sector has bounced back to even better shape now than before the COVID-19 pandemic. Retail...
Tishman Speyer Venture Breaks Into Philadelphia Biotech Market
Philadelphia, long a secondary market for biotech investment, is seeing an uptick in development as investors seek to meet demand from an expanding roster of life sciences tenants on the hunt for a shrinking amount of available space. Greater Philadelphia is...By Rob Samtmann
Managing Principal of Equity Retail Brokers – Specializing in Tenant Representation and Leasing