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There is a lot of talk about Atlantic City these days. The opening of new casinos tends to always build the hype. ActionNews 6 has plenty of coverage on the impending openings of the Hard Rock Atlantic City and Ocean Resort Casino, Counting down to new casinos in Atlantic City. Though after the casino meltdown, these recent re-openings have decidedly less … Read more

Jim Walsh of The Courier-Post has some insights into PREIT’s year-end reporting, Loss rises for operator of South Jersey malls. It definitely has been a tough year for retail property investors and owners, especially those who own and operate malls. PHILADELPHIA – The owner of the Cherry Hill and Moorestown Malls has reported an annual loss of $61.3 million, … Read more

For those looking to invest in Philadelphia real estate, some new Qualified Opportunity Zones could make a big difference. Jacob Adelman on Philly.com writes, Investors with ventures along much of Market Street in West Philadelphia and Broad Street in North Philadelphia, as well as neighborhoods such as Mantua, Point Breeze, and Brewerytown, may be in for new tax breaks under a federal … Read more

As we previously wrote in, Do Mall Owners Need to Innovate More?, there seems to be a tremendous opportunity for a value-add investment play on many of the smaller, older malls. One suggestion we put forth, Should Mall Owners Be Looking to Create Co-Working Spaces?, was that mall owners should look to use co-working spaces to fill … Read more

One thing you constantly see for sale, on commercial property listing websites is defunct golf courses. Many smaller courses have closed or have been on the verge of closing for years. Since Tiger took the golf world by storm, there has been little-renewed interest. I’ve long thought to renovate old golf courses, could be a … Read more

For those looking to invest in office buildings, this recent article, Why Mid-Rise Buildings Are the Future of Office Investment,  by Tim Lee a VP with the Olive Hill Group on the National Real Estate Investor site (www.nreionline.com)  has some excellent insight on the benefits of considering mid-rise office buildings as a real estate investment strategy. The article makes some excellent … Read more

The question as to what to do with the skeletons of the once-great American shopping scene has been on the table for years now. And, as much discussion circulates throughout the industry, little progress has been made in finding new functions for the many dead and dying retail spaces all around the country. Over the … Read more

One important tenet of investing in real estate that can not be understated is the importance of neighborhoods. This is especially true in Philadelphia where people choose and identify specific neighborhoods. You have to know what people are looking for in each neighborhood as well. This is especially important if you are looking to do a rehab … Read more