Search Results for:

You are here

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

Share
Jim's Steaks owner Kenneth Silver and his iconic cheesesteak shop are at a standstill
News 1 month 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...

Share
Great Wolf resorts joins growing number of hotels under cash pressure from pandemic
News 1 month 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...

Share
Zoom, social media and free rent tapped to lease up apartments amid Covid-19
News 1 month 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...

Share
PREIT has 'substantial doubt' about its survival over the next year
News 1 month 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...

Share
Philadelphia Business Journal 40 Under 40, Class of 2020: Rebecca Frisch, Post Brothers Apartments
News 1 month 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...

Share
PREIT suffers setbacks as a result of coronavirus
News 1 month 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...

Share
King of Prussia-based apartment owner completes $661M refinancing
News 1 month 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...

Share
Urban Outfitters Q1 takeaways: digital sales, reopening plans, and the uncertainty ahead
News 1 month 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...

Share
Robert Half International survey provides glimpse of Covid-19 office needs
News 1 month 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...

Share
Home Depot-anchored shopping center sells for $31.5M in South Jersey
News 1 month 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...

Share
Rare Rittenhouse portfolio of 6 properties comes under agreement
News 1 month 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 ...

Share
What's in the PPP loan forgiveness application form and what's not
News 1 month 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...

Share
Home decor retailer to cease operations, liquidate Philadelphia-area stores
News 1 month 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...

Share
8 Greater Philadelphia hotels ask lenders for relief in mortgage debt as Covid-19 losses mount
News 1 month 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...

Share
$200M mixed-use development project restarted after construction ban lifted
News 1 month 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...

Share
'Don’t be a jerk': Kenney administration on out-of-state shopping, going to beaches for Memorial Day
News 1 month 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...

Share
'We haven't really slowed down': Philadelphia-area buildings still selling amid frozen capital markets
News 1 month 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...

Share
Fort Washington office building to be razed, making way for $60M apartment complex
News 1 month 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...

Share
Dunkin’ defers rent payments for 900 franchise locations
News 1 month ago
Dunkin’ defers rent payments for 900 franchise locations

Dunkin' Brands Group Inc. waived up to a month's worth of rental payments for its 900 franchisees, and allowed those properties to defer an...

Share
Pennsylvania executive order stays evictions, foreclosures 60 days
News 1 month ago
Pennsylvania executive order stays evictions, foreclosures 60 days

Gov. Tom Wolf on Thursday signed an executive order that stays evictions and foreclosures until July 10 for homeowners and renters after massive...

Share
Atlantic City's retail commercial real estate sector will be worst hit in U.S., report says tops list of U.S. commercial real estate sectors in U.S., report says
News 1 month ago
Atlantic City's retail commercial real estate sector will be worst hit in U.S., report says tops list of U.S. commercial real estate sectors in U.S., report says

Atlantic City's commercial real estate retail market is facing the worst impact from Covid-19 of any U. S. city, according to a new report....

Share
Commercial real estate leaders offer key steps to reopening your workplace
News 1 month ago
Commercial real estate leaders offer key steps to reopening your workplace

While many companies are still waiting for funds from the Payroll Protection Program, dealing with furloughs and how to pay rent as a result of the...

Share
Distancing by design: How post-lockdown offices will bring us back together by keeping us apart
News 1 month ago
Distancing by design: How post-lockdown offices will bring us back together by keeping us apart

The CDC and OSHA have issued a series of recommendations for how to address workplaces during the pandemic. As companies contemplate a return to...

Share
7-building industrial portfolio in South Jersey hot spots sells for $43M
News 1 month ago
7-building industrial portfolio in South Jersey hot spots sells for $43M

A seven-building portfolio spread across some of South Jersey's hot spots for industrial properties sold for $43 million, a deal that closed...

Share
Renowned art school finds new South Philadelphia home by following the light
News 2 months ago
Renowned art school finds new South Philadelphia home by following the light

Studio Incamminati, a renowned art school established nearly 20 years ago, will move from its longtime home in the Callowhill neighborhood of the...

Share
King of Prussia Mall will eventually reopen, but the shopping mecca may never be the same
News 2 months ago
King of Prussia Mall will eventually reopen, but the shopping mecca may never be the same

When the King of Prussia Mall eventually reopens, there will be a series of safety protocols that its employees will be required to follow while...

Share
Philadelphia's Independence Blue Cross tower goes under contract
News 2 months ago
Philadelphia's Independence Blue Cross tower goes under contract

At the height of the coronavirus pandemic, Piedmont Office Realty Trust has managed to get 1901 Market St. under agreement for $360 million. Known...

Share
Common co-living CEO sees potential for more demand after Covid-19 pandemic
News 2 months ago
Common co-living CEO sees potential for more demand after Covid-19 pandemic

Brad Hargreaves doesn't expect demand for his co-living apartments to subside after the coronavirus pandemic and its resulting economic turmoil....

Share
Cool (Home) Offices: D2 Groups’ employees work from anywhere (and we mean anywhere)
News 2 months ago
Cool (Home) Offices: D2 Groups’ employees work from anywhere (and we mean anywhere)

Happy May! It's warming up in Philadelphia, and plenty of people are taking the opportunity to get a little extra vitamin D. King of Prussia-based...

Share