Category Archives: Leases

In 1997, the City of Philadelphia created a real estate tax abatement program to stimulate new residential and commercial development and invigorate the economy.  With 26% of our City living in poverty and many others needing to be subsidized by … Continue reading →

  (And How Philadelphia Can Change the Story Next Time Around) After an unprecedented 14-month public search competition, Amazon finally announced the winner(s) of its coveted headquarters decision.  To everyone’s surprise, it did not pick a city.  It picked two … Continue reading →

The new Opportunity Zones created in the Tax Cuts and Jobs Act of 2017 (the “Tax Cuts and Jobs Act”) are the darlings of real estate right now.  And for good reason. These Zones could potentially enable trillions of dollars … Continue reading →

When it comes to competing for headquarters projects like Amazon’s, cities are just like corporations competing for customers or individuals competing to be the best in their profession; they need to honestly assess their relative strengths and weaknesses and work … Continue reading →

A lot has been written in recent weeks about the 10-year real estate tax abatement program and whether it should be continued, eliminated or scaled back.  Most of the objections come from people who feel that the abatements disproportionately favor … Continue reading →

In the past 12 months there has been a significant uptick in the number of sublets hitting the market.  And these sublets are very different from the sublets we have seen in the past.  In many instances, companies are not … Continue reading →

Everyone knows that to get the best deal terms you need to create competition for your requirement.  This applies whether you’re talking about cars, a business or your next office lease.  To create competition, you need to have viable options.  … Continue reading →

Up until the late 1980s, commercial real estate brokers identified available space in the market either (1) through listing work that they were performing for their landlord clients or (2) cold calling to other brokers and landlords.  While residential brokers … Continue reading →

The pieces seemed perfectly lined up. Carson Wentz, the protégé, second-year viable-MVP candidate quarterback, a well assembled group of offensive tools, and a brilliant defense had perfectly coalesced around a young head coach who understood not only how to design … Continue reading →