Category: Economy

Inflation: What Does It Mean for CRE?

balloon inflate

I want to talk about how inflation influences the commercial real estate industry. The idea was inspired by an article published by Commercial Property Executive back in January, entitled “The Benefits of Low Inflation.” I want to explore the article a little…

California’s Dry Dilemma

desert

California is in the midst of one of its worst droughts on record. Of course, even though the problem can be expressed very simply–There is not enough water–the components of this growing crisis, its implications and possible solutions, are myriad…

Mega Events in Philadelphia: Costs & Benefits, Winners & Losers

dnc 1964

Philadelphia is experiencing a growth spurt of sorts. A number of industries are driving economic growth in the region, the population is once again growing, and various residential, mixed-use, retail, and hotel developments are rising or soon to break grown…

Income Inequality and Its Real Estate Implications

slum

1. Income Inequality in America Despite so much proof to the contrary, some people still cling to the notion of trickle-down economics. The concept, that in any capitalist economy, wealth is naturally redistributed from top to bottom, is still a convenient…

The Business of Cities: a New Paradigm

satellite

Last week, Commercial Property Executive released a recap from the MIPIM 2015 City Investment Forum. The article reports: The keynote speakers of Tuesday afternoon’s session at the MIPIM 2015 City Investment Forum were local government officials from Amsterdam, Barcelona, Hamburg,…

If You Throw Enough Money At It…

camden waterfront

I don’t live in Camden, New Jersey… I just own a summer house there. There was a radio DJ in Philly back in the 90s whose material consisted largely of jokes about Camden, New Jersey (he also had a lot of…

Will Falling Oil Prices Impact CRE?

oil well

I’m no economist, and I’m certainly no authority on the energy sector. With that caveat, I’d like to discuss the subjects of economics and the energy sector. Take my thoughts with a grain of proverbial salt, as always: everything I know on…