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D.C.-area real estate brokerage enters Philadelphia market with eye on life sciences
News 11 hours ago
D.C.-area real estate brokerage enters Philadelphia market with eye on life sciences

Continued growth in Philadelphia's cell and gene therapy and biotech industry has prompted a Maryland real estate firm to expand into the market....

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Five Below commits to opening upward of 120 new stores this year
News 1 day ago
Five Below commits to opening upward of 120 new stores this year

Five Below Inc. plans to open a new store next week at the Edgemont Square Shopping Center in Newtown Square as part of its plan to add 100 to 120...

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King of Prussia has seen an explosion of growth in the last 10 years. So what's next?
News 1 day ago
King of Prussia has seen an explosion of growth in the last 10 years. So what's next?

King of Prussia District marked its 10th year in operation as a business improvement organization, and in that time the face of the Upper Merion...

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Top intellectual property litigator leaves Baker Hostetler to start own firm
News 2 days ago
Top intellectual property litigator leaves Baker Hostetler to start own firm

Steve Rocci, one of Philadelphia's most prominent intellectual property litigators, has left Baker Hostetler to start his own firm. After nearly...

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Giant to open new store in Richboro Plaza
News 2 days ago
Giant to open new store in Richboro Plaza

Giant Co. is planning to build a new 50,000-square-foot store at the Richboro Plaza in Bucks County that will replace space once occupied by...

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Taking the long view: Cozen O'Connor doesn't let Covid-19 pause growth strategy
News 5 days ago
Taking the long view: Cozen O'Connor doesn't let Covid-19 pause growth strategy

In the depths of the Great Recession, Cozen O'Connor picked up 30 real estate lawyers from the dissolving Wolf Block at a time when the real estate...

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Small Business, Big Mission: From high hopes to low expectations because of the pandemic
News 5 days ago
Small Business, Big Mission: From high hopes to low expectations because of the pandemic

Editor's note: These stories are part of a national Special Report from The Business Journals: Small Business, Big Mission. The speed and severity...

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'Focus on families': Behind Bart Blatstein's $100M waterpark, esports vision for Atlantic City's Showboat
News 6 days ago
'Focus on families': Behind Bart Blatstein's $100M waterpark, esports vision for Atlantic City's Showboat

Five years after buying the Showboat in Atlantic City, developer Bart Blatstein is taking a new approach when it comes to his vision of...

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Apartment rent delinquencies in Philadelphia area not as bad as expected, but concern remains
News 6 days ago
Apartment rent delinquencies in Philadelphia area not as bad as expected, but concern remains

Marlynn Orlando became CEO of the Pennsylvania Apartment Association two years ago, but it wasn't until the beginning of this year that the Bala...

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Home brewery outlet owners juggle reinventing business with PPP forgiveness
News 6 days ago
Home brewery outlet owners juggle reinventing business with PPP forgiveness

This is the third in a series of stories looking at how Philadelphia-area small businesses are dealing with Paycheck Protection Program forgiveness...

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Fine Print: Simkar building in Northeast Philadelphia sells, NewLink Genetic signs lease in Wayne
News 6 days ago
Fine Print: Simkar building in Northeast Philadelphia sells, NewLink Genetic signs lease in Wayne

A vacant 283,000-square-foot warehouse on 14.5 acres at 700 Ramona Ave. in Philadelphia sold for $8.5 million. The building had been occupied by...

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Society Hill Loan's Nat Leonard faces big challenges during the pandemic, but his son’s health is top priority
News 1 week ago
Society Hill Loan's Nat Leonard faces big challenges during the pandemic, but his son’s health is top priority

Business has been slow at Society Hill Loan since the city's stay-at-home order went into effect, but owner Nat Leonard is preparing for a wave to...

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Jim's Steaks owner Kenneth Silver and his iconic cheesesteak shop are at a standstill
News 1 week ago
Jim's Steaks owner Kenneth Silver and his iconic cheesesteak shop are at a standstill

Kenneth Silver has no regrets about returning to Jim's Steaks in 2011 to lead the company after his father died. "It's one of the most established...

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Great Wolf resorts joins growing number of hotels under cash pressure from pandemic
News 1 week ago
Great Wolf resorts joins growing number of hotels under cash pressure from pandemic

A $1.7 billion loan backed by 17 Great Wolf Resorts Inc. hotels and water parks was flagged for concerns this month after the borrower said the...

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Zoom, social media and free rent tapped to lease up apartments amid Covid-19
News 1 week ago
Zoom, social media and free rent tapped to lease up apartments amid Covid-19

From Malvern and King of Prussia to University City and Center City, multifamily developers have resorted to Zoom tours of new apartments, social...

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PREIT has 'substantial doubt' about its survival over the next year
News 1 week ago
PREIT has 'substantial doubt' about its survival over the next year

As Pennsylvania Real Estate Investment Trust strives to weather through the effects of the coronavirus on its shuttered malls and struggling retail...

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Philadelphia Business Journal 40 Under 40, Class of 2020: Rebecca Frisch, Post Brothers Apartments
News 1 week ago
Philadelphia Business Journal 40 Under 40, Class of 2020: Rebecca Frisch, Post Brothers Apartments

Rebecca Frisch designed the interiors of The Atlantic in a way that blends modern amenities with a respect for history of a building constructed in...

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PREIT suffers setbacks as a result of coronavirus
News 1 week ago
PREIT suffers setbacks as a result of coronavirus

While Pennsylvania Real Estate Investment Trust has spent the last several years repositioning vacancies that cropped up in its malls as a result...

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King of Prussia-based apartment owner completes $661M refinancing
News 1 week ago
King of Prussia-based apartment owner completes $661M refinancing

Brookmont and Sherwood Crossing off Red Lion Road in Philadelphia were part of a 22-property portfolio Morgan Properties refinanced in a $661...

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Urban Outfitters Q1 takeaways: digital sales, reopening plans, and the uncertainty ahead
News 1 week ago
Urban Outfitters Q1 takeaways: digital sales, reopening plans, and the uncertainty ahead

There were two takeaways from Urban Outfitters Inc.'s first-quarter results that were not at all surprising: the company suffered a significant...

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Robert Half International survey provides glimpse of Covid-19 office needs
News 1 week ago
Robert Half International survey provides glimpse of Covid-19 office needs

As Philadelphians prepare to return to their offices, no one knows exactly what the post-pandemic office will look like, but a new survey from the...

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Home Depot-anchored shopping center sells for $31.5M in South Jersey
News 2 weeks ago
Home Depot-anchored shopping center sells for $31.5M in South Jersey

A shopping plaza anchored by a Home Depot and a Petsmart in South Jersey sold for $31.5 million as properties with essential business tenants...

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Rare Rittenhouse portfolio of 6 properties comes under agreement
News 2 weeks ago
Rare Rittenhouse portfolio of 6 properties comes under agreement

Pearl Properties has tied up a rare assemblage of six contiguous parcels in the Rittenhouse Square neighborhood of Philadelphia for an estimated ...

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What's in the PPP loan forgiveness application form and what's not
News 2 weeks ago
What's in the PPP loan forgiveness application form and what's not

The long-awaited application form Paycheck Protection Program borrowers must use when applying for loan forgiveness was released late Friday with...

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Home decor retailer to cease operations, liquidate Philadelphia-area stores
News 2 weeks ago
Home decor retailer to cease operations, liquidate Philadelphia-area stores

A Texas-based home decor retailer has filed a motion seeking bankruptcy court approval to begin a wind-down of its retail operations. Pier 1...

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8 Greater Philadelphia hotels ask lenders for relief in mortgage debt as Covid-19 losses mount
News 2 weeks ago
8 Greater Philadelphia hotels ask lenders for relief in mortgage debt as Covid-19 losses mount

Greater Philadelphia hotels have been slammed by the coronavirus pandemic, and as the crisis drags on, their turmoil appears poised to worsen as...

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$200M mixed-use development project restarted after construction ban lifted
News 2 weeks ago
$200M mixed-use development project restarted after construction ban lifted

BET Investments Inc. has ramped back up its $200 million Promenade at Upper Dublin after a statewide ban on nonessential construction was lifted...

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'Don’t be a jerk': Kenney administration on out-of-state shopping, going to beaches for Memorial Day
News 2 weeks ago
'Don’t be a jerk': Kenney administration on out-of-state shopping, going to beaches for Memorial Day

Philadelphia Mayor Jim Kenney's administration had strong words for residents planning to travel out of the city to go shopping or hit the beach...

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'We haven't really slowed down': Philadelphia-area buildings still selling amid frozen capital markets
News 2 weeks ago
'We haven't really slowed down': Philadelphia-area buildings still selling amid frozen capital markets

While some properties for sale, like Westlakes Corporate Center in Berwyn, were pulled off the market when the coronavirus crisis set in and others...

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Fort Washington office building to be razed, making way for $60M apartment complex
News 3 weeks ago
Fort Washington office building to be razed, making way for $60M apartment complex

Equus Capital Partners Ltd. has acquired an office building off Virginia Drive in Fort Washington and has plans to raze the structure to make way...

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