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Philadelphia's CRE industry is ever-evolving as it moves through the phases of the market cycle. Join industry professionals as they discuss the commercial real estate forecast, offer perspicacity into the area's current state, and project the impact Philadelphia's transitioning political regime will have on the future of the city. Experts will tackle subjects ranging from factors fueling the market, sectors to watch, local and national policies, and how the economy is affecting the area's growth.
There's no denying the booming activity in the Philadelphia area as developers and builders add to the ever-growing supply of new construction. Panelists will pose insights and answer looming questions regarding the area's most notable projects as well as discuss the in-demand geographical areas, available tax abatements, and impact on the community. Will Camden do for Philadelphia what Jersey City did for NYC; where does repurposing fit into the thriving activity, and will these projects continue to flourish or will they falter from overbuilding? Our experts address these questions and much more.
Expert panelists who specialize in Philadelphia's capital structure will delve into today's most critical issues—from the supposition of an overheated market, to a possible slowdown from a crest in the cycle, to a bounce back similar to 2015. Join analysts and forecasters as they reveal who's buying, who's borrowing and who's lending, and what to expect in 2016.
With rents on the rise in trophy-class and class-A properties along with dropping vacancies, Philadelphia seems to be a landlord's market. In addition to out-of-town investors making their mark in the city, discover the factors which continue to drive the mixed use sectors and what particular areas are teeming with activity. Learn the latest trends—coworking, incubator space, and crowd funding—and how they play into the most bustling areas.
HORSHAM, PA—Workspace Property Trust, a new real estate investment firm led by longtime successful industry veterans Thomas Rizk, Roger Thomas and Howard Sipzner, purchased 41 office and flex buildings in Horsham, PA from Liberty Property Trust for approximately $245.3 million.
BRIDGEWATER, NJ—Advance Realty and CrossHarbor Capital Partners have leased an additional 11,000 square feet at the New Jersey Center of Excellence in Bridgewater, NJ to several new tenants.
WESTVILLE, NJ—The Inverness Apartments in Westville, Gloucester County, NJ have been sold in an off-market transaction for $27.3 million brokered by The Kislak Company.