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Category Archives: Commentaries
Why a Cable Company and Apartment Developer Hold the Keys to the Center City Office Market
Given that we are the fifth largest city in the United States, it is surprising that the near term future of our office market actually hinges on the decisions and success of two entities; neither of whom is an office … Continue reading
Posted in Commentaries, Markets
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Philadelphia Needs a Brand
A French, an American and an Israeli architect are bragging about the architectural accomplishments of their respective countries. To prove whose construction feats are the most impressive, they agree to give each other a tour of their most iconic works. … Continue reading
Posted in Commentaries, Strategies
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When is a Deal a Deal?
As the office market tightens and landlords’ bargaining leverage increases, tenants need to make sure they understand when they have a deal and when they don’t. When the market was weaker and competition for space was not as great, it … Continue reading
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Wall Street Journal Highlights Rising Concerns with Conflicts of Interest in Business Transactions
In a March 3, 2016 article in the Wall Street Journal entitled “Firms Ask: Are Our Bankers Conflicted”, the writer, Liz Hoffman, highlights the growing concerns of clients in the mergers and acquisitions arena resulting from advisors who have conflicting, … Continue reading
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Could the New Central Business District End Up In University City?
Right under our noses, the rents in Center City have been steadily rising to levels not seen in recent memory. There are several reasons for the rapid price increases beyond mere supply and demand including: (1) the consolidation of a … Continue reading
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Wine, Water and Real Estate Brokers
How much do labels affect our perception of quality? Apparently very much, as shown in study after study. Wine In 2001 a researcher at the University of Bordeaux, the very epicenter of the fine wine world, recruited 54 oenology undergraduates … Continue reading
Posted in Commentaries, Leases, Negotiating, Strategies
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Read Your Own Marketing Materials Before Hiring Your Next Advisor
Most well run companies spend a considerable amount of time and effort articulating their values and structuring their companies to provide a competitive advantage to their clients. These values and advantages are clearly reflected in their marketing materials and often … Continue reading
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Give Them an Inch and They’ll Take a Mile
The world’s largest commercial real estate brokerage firm recently announced it had bought 1650 Market Street and United Plaza at 30 South 17th Street. The purchase represents a total of 1.2 million square feet of commercial office space or an … Continue reading
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Real Estate: Despite the hype, Philadelphia is not as strong as it seems
I had the pleasure of attending this year’s Real Share conference in Philadelphia last week. Real Share is an annual “State of the Market” real estate conference that travels from city to city. The speakers are primarily senior brokers, area … Continue reading
Posted in Commentaries, Leases, Markets, Statistics
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What a Beer Run Means to the Future of Real Estate
Early in the morning of Oct. 25th, a truck pulled out of the Anheuser-Busch facility in Loveland, Colorado with 2,000 cases of Budweiser. Nothing seemed unusual, but this trip was anything but routine. This trip was Uber’s first real traffic test of … Continue reading →