Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
It is amazing to me that after such a long public process, and a big win, NYC may end up with nada, other than recognition of a city that can't get out of it's own way to promote growth.
The team will engage in a value-add strategy focused on identifying under-managed and under-capitalized assets and will seek to create value by improving management, performing incremental leasing and increasing rents via strategic capital improvements.
“Rittenhouse Square is an ideal place for Spaces to open their second Philadelphia location,” says CBRE's Stephen Kriz. “Their unique coworking environment provides a strong collaborative workplace for the many entrepreneurs and corporate users in Center City.”
The Opportunity Zone tax breaks aren't so simple—Anchin explains even if holding a qualified Opportunity Zone investment for 10 years, you will owe taxes in 2026.
Lauren Gilchrist, senior vice president and senior research director, JLL, is moderating the Neighborhoods in Transition Panel at this year's GlobeSt.com Philadelphia Conference on Wednesday