As we’ve previously discussed, retailers are looking how to best position poorly returning retail properties. Macy’s is going to pilot changing some retail locations into distribution centers and one of those is in the Mid-Atlantic. As RetailWire is reporting, Macy’s is going to pilot changing 2 of its stores into fulfillment centers for the holidays. RetailWire writes, “Macy’s has decided…
Commercial real estate’s industrial sector is constantly moving and shaking – and right now, there is too much activity in the warehousing scene to ignore. Namely, there are a few big players in the industry that deserve your attention. The warehousing arena is seeing massive expansion – but, these acquisitions aren’t generated from a myriad of players. Instead, it’s just…
After a tumultuous year, commercial real estate’s industrial sector is possibly more important than ever before. Within this arena, Amazon has succeeded in being one of the main players keeping the network of supply and demand moving throughout the pandemic – and after earning their stripes by persevering in a time of immense disruption, this e-commerce giant is expanding. Amazon’s…
When it comes to investing, holding a diversified portfolio is a key for successful and safeguarded wealth generation. Commercial real estate professionals can benefit by investing in a multitude of areas to spread out their wealth and generate a stable stream of passive income. ESG investing is gaining momentum within commercial real estate – making it a great arena for…
The Delaware Business Times has an excellent article on the capacity increases coming to the Port of Wilmington, Port of Wilmington adds eco-friendly cranes that will help double yard capacity. The Delaware Business Times wrote, GT USA Wilmington, partnering with KoneCranes, has taken delivery of five new Rubber Tired Gantry (RTG) cranes at the Port of Wilmington in Delaware, which…
Commercial real estate’s industrial sphere has been a winner in the business for years now. Often called the ‘golden child’ of commercial real estate, industrial spaces seem to thrive even when everything else is facing challenges. It’s becoming increasingly clear that warehousing is the way of the future. Riding on the back of e-commerce alone, the industrial space is set…
The self-storage sector has immense promise for commercial real estate. These spaces are resilient, in high demand, and fit seamlessly into the needs of contemporary society. As people become more transient and hold off on purchasing a home, storage space becomes a necessity – and the proof is in the numbers. In 2019, the vacancy rate for self-storage was only…
Jonathan Berr has an article in BisNow, Philadelphia Industrial Market Weathers Pandemic As New York Activity Spills Over, highlighting how warehouses and industrial real estate have been faring during the pandemic. Below are a few highlights form the article which really stood out. The good news is Philadelphia warehouse investors and warehouse owners should continue to see strong demand. Like…
John Egan wrote an interesting article for the National Real Estate Investor website, Why Mall Landlords Are Turning Empty Anchors into Fulfillment Centers. In the article he notes how savvy warehouse investors are more often beginning to look into the benefits of retro fitting old retail and mall properties into modern warehouses and distribution centers. John writes: But in a…
While we lately have been highlighting all the positive things happening with the Port of Wilmington, now comes additional good news for ports in Pennsylvania. MarineLink.com reported, Pennsylvania Extends Cargo Growth Incentive Program. Pennsylvania Governor Tom Wolf announced that the state’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania…
