Economy

News

Black Friday, Thanksgiving Weekend Sales Bolster PREIT’s Strategy

John Jordan |

The locally-based REIT states that sales during that prime selling period set up their recently opened redevelopments—Fashion District Philadelphia, Woodland Mall and Plymouth Meeting Mall—for a strong holiday season.

DTLA Apartment Demand Keeps Pace With New Construction

Kelsi Maree Borland |

Despite the record levels of new construction, apartment vacancy has held strong in Downtown Los Angeles.

News

State DEP Orders Hemp-Drying Facility to Close

John Jordan |

The enforcement action follows two notices of violation sent to the facility following citizen complaints and inspections by DEP staff documenting malodors, as well as the installation and operation of equipment without DEP authorization, the DEP states.

Features

How Will 2020 Compare to 2019?

Kelsi Maree Borland |

Some professionals are expecting a slowdown in investment activity next year, if not a downturn.

Features

Hotel Guests Can Now Purchase Trial Products From Their Rooms

Lisa Brown |

With Shop My Stay by Locale, guests are now able to trial products with the option to purchase their favorites for at-home use, extending the Locale experience beyond the hotel stay.

News

Governor Nominates Gramian as PennDOT Secretary

John Jordan |

If confirmed, Gramian will replace outgoing PennDOT secretary Leslie S. Richards, who will become general manager of SEPTA in January. Gramian will assume the role of acting PennDOT secretary effective Friday, Dec. 6, 2019.

News

Chicago Mayor Calls for Early Termination of Four TIF Districts

John Jordan |

The mayor introduced the proposals to the City Council last week that would terminate the Pershing/King TIF district, the Harlem Industrial TIF district, the Irving Park/Elston TIF district and the South Works Industrial TIF district on Dec. 31 2019.

Exclusive

What Does the Inverted Yield Curve Mean for CRE?

Lisa Brown |

In this EXCLUSIVE, Adam Hooper of RealCrowd shared insights about what the inverted yield curve means for the commercial real estate industry and the opportunities in the current market climate.

News

DCHFA Funds 76-Unit Affordable Development

Ingrid Tunberg |

The nearly $36 million in funding will serve as the agency’s first transaction of fiscal year 2020.

News

Boston Becomes First US City to Prioritize Cannabis Industry Diversity

John Jordan |

City officials say the legislation is the first for any US city to formally prioritize diverse applicants who are looking to participate in the marijuana industry.