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WCRE: Philadelphia Strong While Southern NJ Office Leasing Declines

EVESHAM TOWNSHIP, NJ AND PHILADELPHIA, PA—The slow-down in commercial leasing activity in Southern New Jersey that began late last year may have been the beginning of a trend, according to Wolf Commercial Real Estate’s latest quarterly research. However, office and retail remained strong in the Philadelphia market just across the river from New Jersey's Burlington, Camden, and Gloucester Counties.

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Philadelphia Headlines

JLL’s Doug Rodio Jumps to HFF as Co-Head of its Philadelphia office

PHILADELPHIA—Rodio has 13 years of industry experience and has been involved in more than 200 assignments covering a wide range of office, industrial, retail, multi-housing and land sales and financings totaling more than $6 billion in volume.

Equus Pays $32M for Class-A Office Building in Berwyn, PA

BERWYN, PA—Equus plans to spend approximately $2 million on renovations to the lobby and enhancement of amenity spaces.

Capri EGM Financing Western PA Distribution Facility for Philips Respironics

EAST HUNTINGTON TOWNSHIP, PA—The new build-to-suit consolidates the operations of five existing area locations into one efficient facility. The long-term net lease includes contractual annual increases and provides for future expansion.

Spotlight On

The Groundwork Is Already Laid for the Next Apartment Cycle

WASHINGTON, DC—Spreads are widening and lenders’ appetite for construction finance loans is falling among banks, says CBRE director of research and analysis Revathi Greenwood.

Low End Units See Faster Rent Growth

SEATTLE—Eleven of the 15 multifamily markets analyzed by Zillow experienced double-digit rent appreciation among low-end apartments, although most new supply is higher end.

Lauren Hodge Joins Commercial Litigation Section

HOUSTON—Hodge has negotiated operating agreements and prepared various industry-related agreements, including oil and gas leases, and operating agreements and assignments.

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CRE's Best Bosses

True leaders manifest themselves not only through performance but also—and arguably more importantly—by the way their employees feel about them. Meet this year’s best bosses in the business.

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