Matthew Rothstein
Bisnow
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Past articles by Matthew:
Where Do Philly's Mayoral Candidates Stand On The Issues That Matter To CRE? Part 2
Members of Philly's crowded mayoral election field answered Bisnow's CRE-focused questions on councilmanic prerogative, property taxes, parking and more. → Read More
'Simply Shocking': Construction Job Openings Plunged 50% In January
Construction job openings dropped sharply in January amid an otherwise stable labor market, underscoring the U.S.' shrinking pipeline of construction projects. → Read More
Here's How Philly's Mayoral Hopefuls Responded To Bisnow's Candidate Questionnaire
Members of Philly's crowded mayoral election field answered Bisnow's CRE-focused questions on councilmanic prerogative, property taxes, parking and more. → Read More
Bad Office Debt Drives February Jump In CMBS Delinquency
In February, the CMBS delinquency rate had its second-biggest jump since the pandemic began, with office debt the driving factor. → Read More
CBRE To Earn Majority Of Profit From Management Services In 2023 Amid Cuts To Brokerage
In a major shift, the world's largest commercial real estate brokerage expects to make more from facility and property management than brokerage going forward. → Read More
After Pandemic-Forced Pivot Away From Office, Wilmington's Riverfront East Is On Multifamily-Heavy 'Plan B'
The original plan of 2M SF in office space is off the table for Wilmington's Riverfront East site, but its leaders still want a mixed-use development. → Read More
South Jersey Borough's Attempts To Develop Affordable Housing Have Hit Roadblock After Roadblock
Haddonfield, New Jersey, has a legally binding deal to build affordable housing, but that hasn't stopped familiar entitlement problems from getting in the way. → Read More
Deeply Affordable Housing Has More Support Than Ever, But One Crucial Piece Is Still Missing
There has never been more funding and support behind homelessness prevention than there is now. Necessary supportive services have not enjoyed the same boost. → Read More
Comcast Puts 140K SF Office Block In Three Logan Square Up For Sublease
Another large block of sublease space has been added to the emptying office market in Center City, this time in one of Philly's most recognizable buildings. → Read More
Driven Up By Housing Costs, January Inflation Rate Worse Than Expected
Housing was "by far" the biggest driver of January inflation, which came in higher than expected. But the nature of housing data provides a silver lining. → Read More
It Worked For Retail. New Venture Bets Revenue Percentage-Based Rents Could Work For Industrial, Too
Quiet Platforms and JLL are betting that property owners are having enough trouble with unused properties that they'd accept percentage rents for logistics use. → Read More
Cineworld Renegotiating Leases With 2 Biggest Landlords, Nearing Debt-For-Equity Deal To Exit Bankruptcy
Movie theater giant Cineworld is progressing toward a debt-for-equity swap to get out of bankruptcy, but cutting lease costs is key to the deal. → Read More
REPORT: 3 Of Philly's Most Prominent Office Buildings May Be Underwater On Their Loans
Three large office buildings in Center City and one in the Navy Yard may have lost so much value from vacancy that they are worth less than their loan balances. → Read More
Can The South Philly Sports Complex Ever Join The Stadium-Anchored Development Revolution?
Wells Fargo Center and Philadelphia Flyers owner Comcast Spectacor is no closer to making its mixed-use arena district dreams come true than it was in 2019. → Read More
Philadelphia Launches $30M Rental Assistance Fund Attached To Eviction Diversion Program
The city of Philadelphia has created a new $30M pool of rental assistance for "good faith" participants in its Eviction Diversion Program. → Read More
Blackstone Starts Crackdown On Nonpaying Residential Tenants, Evicting Hundreds
Blackstone has ended its pandemic forbearance policies for residential tenants, evicting hundreds and setting the stage for potentially thousands more. → Read More
Pennrose Execs Form New Affordable Housing Investment Firm
A quartet of execs from a Philly-based affordable housing developer has launched a new firm targeting the same sector, but with more of an investment focus. → Read More
Amazon Cast A Big Shadow Over Industrial Leasing. What Happens Now That It’s In The 3PL Business?
Amazon's launch of Buy With Prime makes it a full-fledged third-party logistics operator. Could it make a dent in the company's oversized warehouse footprint? → Read More
ChatGPT Is Already Affecting How Real Estate Business Is Done
ChatGPT, the new artificial intelligence that has millions of users less than three months after its release, has already made an impact on CRE. → Read More
Philly's Older Suburban Offices Are Emptying Slowly, Probably For Good
The flight to quality has hit Philly's suburban office market hard, with little hope that older buildings can recover or adapt. → Read More