CBRE has named Rija Beares to lead its Greater Philadelphia Region, which includes both the Lehigh Valley and Central Pennsylvania in addition to downtown and suburban Philadelphia, Delaware and Southern New Jersey.

Commercial real estate experts were expecting 2020s industrial development boom to continue, but Mike Hess, senior vice president of CBRE in the Harrisburg office said industrial development along the I-78/I-81 corridor was even stronger than expected during the first quarter of the year.

If you’ve been on any form of social media this past week it’s been hard to miss the meme of a mitten-wearing Bernie Sanders sitting cross-armed at last week’s presidential inauguration ceremony.

Despite the pandemic, or in some ways even because of it, commercial real estate demand was strong along the Pennsylvania I-78/I-81 corridor, exceeding the demand over the prior year and driving up commercial real estate leasing rates to record highs.

The COVID-19 pandemic has led to unprecedented online shopping for holiday gifts and supplies. But as anyone who has ever given or received a Christmas present knows – returns are an inevitable part of the process.

Surabhi Kejriwal, associate vice president and real estate research leader for Deloitte, said 2020 has been one of the most interesting years she’s seen on the economy and in commercial real estate.

Many investors are scratching their heads wondering why certain asset types have been largely unaffected and, in some cases, even performing better and trading at higher prices than before the pandemic

It was a $2,000 bill for an overheated 10-by-10-foot room that led business partners Jonathan Epstein and Jim Seip to launch a new business with a product they’ve developed for commercial real estate managers – the Salamander Reservoir.

The Tribune Co., owner of the Morning Call, confirmed that it will be shuttering the doors of the daily newspaper’s offices at 101 North Sixth Street in Allentown.

While the shutdown of real estate and construction in Pennsylvania from the COVID-19 pandemic may have slowed the market, a report by CBRE shows that the Greater Lehigh Valley and surrounding regions retained a robust commercial real estate activity during the second quarter.