Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.
This week by the numbers
PHILADELPHIA, PA—The Haub School of Business's real estate finance program at St. Joseph's University has conducted its first Real Estate and Construction Survey of Philadelphia and the Delaware Valley. The report, which is based on a survey of local professionals in various real estate fields, contains 2016 year-end results as well as expectations for the upcoming year. The survey's 117 respondents included real estate agents to construction specialists, property owners, bankers, project managers and more, representing 134 professions in 10 areas of commercial real estate in Philadelphia and the Delaware Valley. Significant findings from the Real Estate and Construction Survey Report include: 80 percent of respondents indicated that their business increased in 2016. Only three percent said business had decreased. 100 percent reported an increase in hiring in 2016. 59 percent said that they expect business to increase again in 2017. Respondents agreed that the top strategic opportunities in the Philadelphia real estate market are infrastructure, tax abatement and the millennial market.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
