Posts Categorized: Philly Office Space

Cardone’s vacant HQ in Bala Cynwyd is finally up for lease

Cardone Industries will not occupy a new 53,920-square-foot building in Bala Cynwyd as its new headquarters and will instead try to find another tenant to sublease the space. The building at 15 Kings Grant Drive adds to a growing list of companies subleasing all or a portion of their offices due to operational changes or… Read more »

Multinational Insurance Firm Signs Office Lease in Bala Cynwyd, Pennsylvania

Multinational insurance firm AXA Advisors leased 39,382 square feet at Keystone Property Group’s Class A GSB Building in Bala Cynwyd, Pennsylvania. The 12-story structure at 1 Belmont Ave. totals 245,000 square feet. Built in 1959 and renovated in 2017, the 4-Star property spans eight acres less than 15 miles from Philadelphia International Airport. For companies… Read more »

CRE Execs Balance Tax Reform Optimism with Interest Rate Concern

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With a commercial real estate executive now in the White House, 69 percent of the CRE executives responding to a recent survey said they expect President Trump will have an overall positive impact on the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – in 2017…. Read more »

Bala Cynwyd Office Market Appears to be on the Rebound

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Bala Cynwyd’s office market, while not currently experiencing five percent rent growth, currently is experiencing its highest occupancy rate in 15 years – 92 percent – and has seen gradual tightening annually since 2010. Coming out of the Great Recession, Bala Cynwyd struggled to compete for office tenants in the U.S. commercial real estate market… Read more »

4 Things The Best 401(k)s Share

“Index funds represent almost 41% of assets in the list, a 6% rise since last year,” Brightscope found. While index fund investing, ideally, should be more than 80% of 401(k) assets, this is an encouraging number. The lower the “expense ratio” or annual management fee on the funds within your 401(k), the more you can… Read more »