The commercial real estate industry has yet to see how changing attitudes surrounding virtual work will affect the midstate’s stock of office properties.  And while many offices may still close in the coming months, experts in the region think the need for physical office space will prevail.

The redevelopment of the old Crane Iron Works site in Catasauqua is one of 27 projects that will be receiving part of $30.2 million in funding from the Pennsylvania Department of Transportation’s Multimodal Transportation Fund.

With the Lehigh Valley Academy charter school planning to build and move to a facility of its own in September, 2023, PennCap Properties has begun looking for a new tenant.

To be sure a number of valuable Easton businesses are now closed for good or moved out of the downtown, but it’s not all bad news.

“When you can sustain jobs and grow jobs, good things happen,” Gerlach said. “You grow and expand the economy, and then those businesses can connect back into the community as corporate citizens.”

The Pennsylvania Farm Show Complex & Expo Center is losing money because of Covid-19 cancellations, but when it opens up it will nicer, safer and greener. That's because $21 million in renovations have been able to continue during the slowdown.

Colliers International, a global commercial real estate firm headquartered in Toronto, said it has completed the acquisition of Maser Consulting PA of Red Bank, New Jersey.

Larken Associates, a Branchburg, New Jersey-based commercial and residential real estate builder, developer and manager, announced it has negotiated a lease renewal and expansion agreement with the discount retailer that will enable the store to add 2,407 square feet, bringing its footprint to 9,907 square feet.

Industrial brokers in several tertiary markets across the country have been experiencing an exponential growth in the demand for industrial space in the 5,000- to 30,000-square-foot range.

An office environment can have a significant impact on a company’s productivity, morale, and ability to attract and retain talent