In the WCRE April 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. This month we cover major developments in Philadelphia...
Since 2021, over 7,000 new residential units have been built in Center City, transforming its daily population over the past five years. The shift has been from office workers to The post Cent...
https://wolfcre.com/center-city-leaders-prioritize-residential-growth-amid-office-slowdown/
The Federal Trade Commission has finalized a rule banning noncompete agreements, but businesses and managers shouldn’t rush to discard existing employment contracts. Legal challenges are expect...
https://wolfcre.com/with-the-ftc-banning-noncompetes-businesses-must-adapt-quickly/
The challenges confronting America’s downtowns often stem from the considerable amount of vacant office space in towering buildings. Yet, another critical aspect of downtown revitalization invo...
New York State is taking a firm stance against retailers and landlords disregarding cannabis regulations. Despite delays in permit issuance resulting in a surge of unlicensed weed shops, Governor...
Golf’s revival has reignited investor interest in country clubs, as reported by Andy Medici of The Business Journals. Steven Ekovich, Executive Managing Director at LIPG, notes a 66% surge in ...
https://wolfcre.com/investors-eyeing-country-clubs-and-golf-courses/
The New York City Council paved the way for prospective casino developers by passing a bill on Thursday that permits zoning changes for state-approved gaming facilities. Under this legislation, d...
https://wolfcre.com/city-council-passes-zoning-change-to-allow-for-nyc-casino/
Billionaire investor Ken Griffin, founder of hedge fund Citadel, along with developers Vornado Realty Trust and Rudin, are forging ahead with plans to erect a 1.8 million-square-foot office tower...
https://wolfcre.com/citadel-progresses-with-park-avenue-tower-plans/
Four-plus years post-Covid, office landlords and tenants embrace a new leasing paradigm. Though the shift from in-office to remote work norms is clear, both parties have taken time to adapt. T...
https://wolfcre.com/four-years-later-office-leasing-shifts-post-pandemic/
Neutrogena is relocating its Los Angeles headquarters to New Jersey as part of a consolidation effort by its parent company, Kenvue, recently spun off from Johnson & Johnson. Kenvue, based The...
https://wolfcre.com/neutrogena-to-close-la-hq-shift-operations-to-nj/