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Whiteland Towne Center has plea for relief on $37M loan rejected by lender
News 4 weeks ago
Whiteland Towne Center has plea for relief on $37M loan rejected by lender

The owner of the Whiteland Towne Center, a 359,673-square-foot shopping center off Route 100 in Exton whose tenants include a CVS, Hobby Lobby and...

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Companies will need larger offices if they don't 'embrace flexible working policies,' report finds
News 4 weeks ago
Companies will need larger offices if they don't 'embrace flexible working policies,' report finds

A report that examines the workplace amid Covid-19 shows flexibility and choice are the two major factors employees will seek as offices reopen in...

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How far did foot traffic fall at Philadelphia-area shopping centers during the pandemic? Far.
News 1 month ago
How far did foot traffic fall at Philadelphia-area shopping centers during the pandemic? Far.

While it's no surprise foot traffic at the region's malls, power centers and retail strips fell during the stay-at-home orders throughout the...

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How can Philadelphia's business community address racial inequality and injustice?
News 1 month ago
How can Philadelphia's business community address racial inequality and injustice?

The Philadelphia Business Journal reached out to black business and civic leaders in light of the killing of George Floyd at the hands of law...

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Bucking trends, national retailer opens new store in Exton amid pandemic
News 1 month ago
Bucking trends, national retailer opens new store in Exton amid pandemic

While most retailers are retrenching, Lands' End Inc. is expanding its brick-and-mortar presence and the latest is a 6,091-square-foot store at...

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Simon Property (NYSE: SPG) scraps deal to buy Taubman Centers (NYSE: TCO) properties including Mall at Green Hills
News 1 month ago
Simon Property (NYSE: SPG) scraps deal to buy Taubman Centers (NYSE: TCO) properties including Mall at Green Hills

King of Prussia Mall owner Simon Property Group has walked away from a $3.6 billion deal to buy Taubman Centers, citing the coronavirus. Simon ...

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Dozens of Philadelphia's top executives raise $3M for nonprofits impacted by Covid-19
News 1 month ago
Dozens of Philadelphia's top executives raise $3M for nonprofits impacted by Covid-19

Philadelphia-area CEOs, hailing from some of the region's largest corporations, came together to donate nearly $3 million to nonprofits hit hard by...

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Viewpoint: Confluence of recent events is likely to accelerate urban withdrawal
News 1 month ago
Viewpoint: Confluence of recent events is likely to accelerate urban withdrawal

Covid-19 pushed previously stressed retailers to a breaking point while it created substantial challenges for food and beverage operators - the...

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Malvern office complex backfills space once occupied by Unisys
News 1 month ago
Malvern office complex backfills space once occupied by Unisys

Nearly a year after negotiating an exit for Unisys Corp. from its decades long home at the Great Valley Commerce Center in Malvern, the landlord is...

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FMC Corp's Pierre Brondeau buys Miami-area condo for $13.5M
News 1 month ago
FMC Corp's Pierre Brondeau buys Miami-area condo for $13.5M

Pierre Brondeau, the executive chairman of FMC Corp., and wife Melissa Brondeau bought a new condo in Palazzo Del Sol on Fisher Island, near Miami,...

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Amazon leases South Philadelphia building for last-mile distribution
News 1 month ago
Amazon leases South Philadelphia building for last-mile distribution

Amazon.com Inc. has leased a 283,000-square-foot building in Philadelphia as part of its web of last-mile distribution centers around the region....

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Cool (Home) Offices: Kids edition, from architecture firm Bernardon
News 1 month ago
Cool (Home) Offices: Kids edition, from architecture firm Bernardon

Hey there! It's been a while. We hope you've been enjoying the great outdoors since the weather has started warming up. This week's edition of Cool...

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Local businesses mull impact of PPP changes while planning for reopening
News 1 month ago
Local businesses mull impact of PPP changes while planning for reopening

With President Trump signing into law sweeping changes to the Small Business Administration's Paycheck Protection Program Friday, lending terms...

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Former elementary school in South Jersey goes up for sale
News 1 month ago
Former elementary school in South Jersey goes up for sale

A former elementary school campus in South Jersey is on the market. The Florence L. Walter School in Lumberton closed its doors to students this...

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Philadelphia real estate firm pays $22M for Baltimore apartment tower
News 1 month ago
Philadelphia real estate firm pays $22M for Baltimore apartment tower

The property was converted to apartments in 2002. Filled with "must read" stories, industry news and reporter insights, exclusive interviews with...

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J.C. Penney closing 154 stores, including 5 in Pennsylvania
News 1 month ago
J.C. Penney closing 154 stores, including 5 in Pennsylvania

J. C. Penney Co. Inc., the struggling retail chain that filed for Chapter 11 bankruptcy protection last month, will shutter five stores in...

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King of Prussia mall owner sues Gap for failure to pay rent
News 1 month ago
King of Prussia mall owner sues Gap for failure to pay rent

The biggest mall operator in the country is going after its biggest non-anchor tenant for failure to pay rent. Simon Property Group (SPG: NYSE) is...

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Joan Shepp, other Rittenhouse Square retailers regroup after coronavirus closures, looting
News 1 month ago
Joan Shepp, other Rittenhouse Square retailers regroup after coronavirus closures, looting

On May 29, Joan Shepp sent an email out to let her customers know her renowned Philadelphia boutique was scheduled to open "with fresh eyes and a...

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Owner of $22M Malvern retail project hopes to recapture pre-pandemic momentum
News 1 month ago
Owner of $22M Malvern retail project hopes to recapture pre-pandemic momentum

In mid-January, Bomba Tacos & Rum Bar and Sly Fox Brewery Co. opened at the Grove, a $22 million redevelopment of the former Shops at Great Valley,...

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D.C.-area real estate brokerage enters Philadelphia market with eye on life sciences
News 1 month 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 month 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 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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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