SIOR Philadelphia Chapter

At our annual property summit, our office panel said the market is in the “top of the second” inning as it relates to working out a solution for what appears to be a difficult transition period. With that said, our panelists both experienced a significant increase in activity over the last four months. Things are beginning to speed up. Thanks to Michael Bernstein with Lincoln Property Company and Richard O'Halloran with Dinsmore & Shohl LLP for their insight. #SIOR

Congratulations to our scholarship winner, Fletcher Boyd from Drexel University! A combat veteran from the United States Marine Corps, he holds a PA real estate license and anticipates earning a degree in business administration in 2025. #SIOR #Education

At our annual property summit, CoStar Group explained that the office market is nearing an inflection point and sublet availability has leveled off, while industrial construction in Philadelphia outpaces the region with southern New Jersey driving the headline total. #SIOR

With 290 attendees and 36 sponsors, our fourth annual Office & Industrial Property Summit was a booming success. The event included plenty of opportunities for networking as well as a market forecast from CoStar Group, an office panel focused on distressed properties with Lincoln Property Company and Dinsmore & Shohl LLP, and an industrial panel discussing keys to success in a competitive market with Rockefeller Group, Brennan Investment Group and PORTMAN. Key points from each session to follow over the next few weeks, but for now enjoy a selection of photos from the event! #SIOR

Our annual Property Summit starts tonight with our kick-off reception, hosted with the generous support of our sponsors Majestic Realty Co., NorthPoint Development, and Rockefeller Group. #SIOR

As we get closer to our annual Property Summit, we continue to thank the generosity of our sponsors. Today, we thank some of our Platinum Sponsors: Lee & Associates of Eastern Pennsylvania LLC, Lehigh Valley Economic Development Corp., Prologis, Red Rock Developments. Learn more and register here: https://bit.ly/3LpbUAu #SIOR

Congratulations to Kevin McGowan SIOR, CCIM for 15 years as an #SIOR! McGowan has a strong consulting background and a deep understanding of finance and corporate strategy. In 2013, he started McGowan Corporate Real Estate Advisors to blend this skillset with a market that was growing quickly and needed providers that could execute major mission critical transactions that were key to the operations of his clients. McGowan has been involved in hundreds of transactions that have included land deals, industrial and office leases, and the sale of many leased investments.

Join us at our annual Property Summit to hear Michael Bernstein, Lincoln Property Company and Richard O'Halloran, Dinsmore & Shohl LLP discuss distressed properties, the unique set of challenges and opportunities they present, and how buyers may find opportunities in a challenged asset class. Learn more and register here: https://bit.ly/3LpbUAu #SIOR

As we get closer to our annual Property Summit, we continue to thank the generosity of our sponsors. Today, we thank some of our Platinum Sponsors: Endurance Real Estate Group, FCL Builders, LLC, Fox Rothschild, Hillwood. Learn more about our event and register here: https://bit.ly/3LpbUAu #SIOR

We thank Saul Ewing LLP for being an affiliate member of our chapter and supporting our activities. Saul Ewing is a full-service, national law firm with more than 400 attorneys and a team of top-notch business professionals, all working together to deliver practical, proactive advice and excellent client service. The diversity of thought, focus on innovation, cross-serving practices, and culture of coaching create a collegial and supportive environment that inspires them to deliver inspired solutions. This is The Saul Approach. #SIOR