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June 10, 2026
Alstom Transport buys Philadelphia-area industrial parcel for Amtrak's next-gen Acela trains
Alstom Transportation, a French multinational rail transport manufacturing firm that produces high-speed trains, subway cars, monorails and trams, acquired a 20.76-acre site at 1601 Ogletown Rd in Newark, Delaware, where it plans to establish a service and maintenance facility for Amtrak’s NextGen Acela high-speed passenger trains.
June 10, 2026
GY Properties completes 196-unit apartment building on Philadelphia's waterfront
Construction has been completed and the first residents are taking occupancy at Residences at Pier 40, a seven-story multifamily project on the Delaware River waterfront developed and built by GY Properties, a Philadelphia-based real estate investor and developer.
June 9, 2026
Apparel brand launches flagship Philly store ahead of city's major sports events
A premier sports apparel brand opened a flagship store in the heart of Philadelphia, offering fans a new place to shop for vintage-inspired jerseys, jackets and hats as the city prepares to host global and national professional sporting events in the coming weeks.
June 9, 2026
South-Central Pennsylvania flips the script with more retail than office
South-Central Pennsylvania stands out among commercial real estate markets for a structural imbalance that is increasingly rare. Across Harrisburg, Lancaster, Reading, Lebanon, York, and Gettysburg, the amount of available retail space exceeds the amount of available office space.
June 9, 2026
Smaller lease deals drive Central Pennsylvania’s core industrial market
Industrial space availability trends across South Central Pennsylvania— spanning Harrisburg, Lancaster, York, Reading, Lebanon and Gettysburg—reveal a growing disconnect between development patterns and tenant demand.
June 5, 2026
York emerges as South-Central Pennsylvania’s fastest-growing industrial hub
Industrial development across South Central Pennsylvania has concentrated in three primary markets—York, Harrisburg, and Reading—driven largely by three factors: highway connectivity, proximity to major Northeast population centers, and access to Foreign Trade Zone 147, which spans all six markets in the region.
June 3, 2026
Vanguard deepens nationwide push to slash office space
The Vanguard Group is cutting ties with one of its Philadelphia-area offices, the latest move by the global investment adviser to trim its corporate real estate portfolio.
June 2, 2026
World Cup scouting report: Philadelphia brings a sense of US history to global matches
CoStar News examined each FIFA World Cup host city and what the tournament June 11-July 19 could mean for local infrastructure, real estate, tourism and economic development long before the first soccer match is played. Find links to all the markets here.
May 29, 2026
AI to aid industry, not replace jobs, says new tech head of large US multifamily owner
Devang Patel, the new technology head for the second-largest apartment owner in the United States, said a digital-first mentality to his company’s business approach doesn't mean artificial intelligence is about to replace humans.
May 26, 2026
KSL Capital lines up $890 million hotel portfolio refinance
KSL Capital Partners is preparing to close an $890 million refinancing of a 12-hotel portfolio across seven states and Washington, D.C.
May 21, 2026
First Industrial completes warehouse at First Park in New Castle, Delaware
First Industrial Realty Trust Inc., a Chicago-based industrial REIT, has completed the first building in its two-building First Park at New Castle, a fully speculative industrial development between Route 273 and Churchman’s Road in New Castle, Delaware.
May 21, 2026
Limited-service hotels show strong break-even efficiency
A limited-service hotel can run at lower occupancy levels and still generate meaningful gross operating profit margins, or GOP margins.
May 20, 2026
As Americans pinch pennies, affordable fun reshapes retail real estate
A family vacation to Disney World has gotten so expensive that Americans are increasingly opting for lower-cost, local entertainment offerings that still deliver shared experiences. And that shift is driving a wave of demand that's reshaping retail real estate, according to JLL.
May 20, 2026
DrinkPak begins construction on massive East Coast manufacturing facility
After signing the region's largest industrial lease since 2020 and one of the biggest industrial lease deals ever recorded in the Philadelphia market, California-based canned beverage maker DrinkPak has started construction on its new East Coast manufacturing facility spanning 1.4 million square feet.
May 19, 2026
Texas-based developers begin construction on new Lehigh Valley industrial park
Houston-based Hanover Co., a national developer of luxury multifamily residential and industrial properties, in partnership with Dallas-based Crow Holdings Capital, has broken ground on the first two buildings in the Locust Point Industrial Park on a nearly 69-acre site outside York, Pennsylvania.
May 18, 2026
Higher local inflation expected to increase consumers' cost-sensitivity
Emerging inflationary pressures are weighing more heavily on Philadelphia-area residents than the national average this spring, with the Philadelphia-Camden-Wilmington metropolitan area recording a 4.8% annual increase in April 2026—one full percentage point above the U.S. rate.
May 18, 2026
Camden County leases offices in Cherry Hill
Camden County, the most populous county in southern New Jersey, recently leased 64,601 square feet at 3 Executive Campus, in Cherry Hill, New Jersey, with plans to take occupancy in the fourth quarter of 2026, according to JLL's Dan Close, who arranged the office lease.
May 14, 2026
Retail sales rise; Whole Foods expands small-format stores; Jobless claims edge higher
Retail sales rise
May 12, 2026
Prologis sells Tastykake's headquarters in Philadelphia
The Philadelphia headquarters and central production plant of snack maker Tastykake has been offloaded in a deal that comes as the market's industrial real estate sector shows signs of improvement.
May 11, 2026
Lehigh Valley’s proposed industrial pipeline may not be realistic in today’s softening market
Even as Lehigh Valley’s industrial market contends with elevated vacancy, CoStar is tracking roughly 28 million square feet of proposed projects, raising questions about how realistic that pipeline is under current conditions.