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Can't pay May rent for your business? Don't do this, attorney says
News 2 months ago
Can't pay May rent for your business? Don't do this, attorney says

The arrival of a new month, and another rent deadline, draws more attention to the rising tensions between commercial landlords and tenants. Winnie...

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Toby Bozzuto says he is 'cautiously optimistic' on May rent payments
News 2 months ago
Toby Bozzuto says he is 'cautiously optimistic' on May rent payments

A manager and developer of luxury apartment projects across Greater Philadelphia is eyeing Friday's rent collections with "cautious optimism" as...

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Brandywine Realty Trust's Q1 results: 5 takeaways from Philadelphia's largest office landlord
News 2 months ago
Brandywine Realty Trust's Q1 results: 5 takeaways from Philadelphia's largest office landlord

Brandywine Realty Trust's first-quarter results help shed some light on how the coronavirus pandemic and shutdown of nonessential businesses...

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How the Covid-19 crisis will impact the office market
News 2 months ago
How the Covid-19 crisis will impact the office market

As we all continue our new routines working from home, many of us are wondering if this work arrangement will represent just a temporary blip on...

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Cool (Home) Offices: Neff’s straight-from-the-showroom workspaces
News 2 months ago
Cool (Home) Offices: Neff’s straight-from-the-showroom workspaces

We're more than a month into working from home, and it really feels like April flew by. Week five's edition of Cool (Home) Offices comes from Neff...

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Spark Therapeutics takes more space at Schuylkill Yards
News 2 months ago
Spark Therapeutics takes more space at Schuylkill Yards

Spark Therapeutics Inc. has signed a 12-year lease at 3000 Market St. to expand its Philadelphia presence. The 58,587-square-foot building is...

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Pennsylvania defers state-backed business loan payments
News 2 months ago
Pennsylvania defers state-backed business loan payments

The Pennsylvania Department of Community and Economic Development is deferring payments of several state business loans amid the Covid-19 pandemic....

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By the numbers: Philadelphia's suburban office market sees new leases, vacancies in first quarter
News 2 months ago
By the numbers: Philadelphia's suburban office market sees new leases, vacancies in first quarter

While Vanguard Group expanded in the first quarter - grabbing another 60,000 square feet in Malvern - Hibu/Yellow Book downsized by the same amount...

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Cherry Hill AMC Theater, TGI Fridays bought for $16M just before Covid-19 shutdowns
News 2 months ago
Cherry Hill AMC Theater, TGI Fridays bought for $16M just before Covid-19 shutdowns

The day after the World Health Organization declared the spread of Covid-19 a global pandemic and restaurants and movie theaters began shutting...

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Pennovation Works' first managing director on campus expansion plans, Covid-19 challenges
News 2 months ago
Pennovation Works' first managing director on campus expansion plans, Covid-19 challenges

For the first time since launching Pennovation Works more than eight years ago, the University of Pennsylvania has hired a managing director to...

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PMC buys Nissen Building in Winston-Salem for $30.25 million
News 2 months ago
PMC buys Nissen Building in Winston-Salem for $30.25 million

PMC Property Group purchased a North Carolina skyscraper for $30.25 million in a deal that closed Monday, according to Forsyth County records. The...

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Dow Inc. puts 68-acre Philadelphia site up for sale
News 2 months ago
Dow Inc. puts 68-acre Philadelphia site up for sale

Dow Inc. has put up for sale a 68-acre property in the Bridesburg section of Philadelphia that was the location of one of the oldest continuously...

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Philadelphia artisanal food concepts create Joy Box to lift spirits, boost revenues
News 2 months ago
Philadelphia artisanal food concepts create Joy Box to lift spirits, boost revenues

Local small business owners Tess Hart of Triple Bottom Brewing and Jeanne Chang of Lil' Pop Shop had been planning a March 19 pop-up event to ring...

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What to do after receiving a Paycheck Protection Program loan
News 2 months ago
What to do after receiving a Paycheck Protection Program loan

Just over three weeks ago the CARES Act, a massive piece of legislation designed to combat the economic havoc being wrought by the coronavirus...

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Cool (Home) Offices: Bala Consulting Engineers' WFH setups go the extra mile
News 2 months ago
Cool (Home) Offices: Bala Consulting Engineers' WFH setups go the extra mile

This week's edition of Cool (Home) Offices comes to us from Bala Consulting Engineers. The King of Prussia engineering firm sent in home offices...

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Center City's momentum carried into 2020. Will it continue after the pandemic?
News 2 months ago
Center City's momentum carried into 2020. Will it continue after the pandemic?

In its latest State of Center City report, the data Center City District chronicles paints Philadelphia as a vibrant, dense urban center where...

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Burlington Stores positions itself to weather the coronavirus storm for months to come
News 2 months ago
Burlington Stores positions itself to weather the coronavirus storm for months to come

Burlington Stores Inc., though not as battered as other retailers before the coronavirus and so far during, has taken several cost-cutting measures...

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President of Giant Co. on keeping shelves stocked and seeing 'best of humanity' amid pandemic
News 2 months ago
President of Giant Co. on keeping shelves stocked and seeing 'best of humanity' amid pandemic

Grocery stores have been at the forefront of the coronavirus pandemic as an essential retailer. They have provided shoppers with much-needed...

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Here’s how much rent, mortgage the $1,200 stimulus check will cover in Philadelphia
News 2 months ago
Here’s how much rent, mortgage the $1,200 stimulus check will cover in Philadelphia

Philadelphians are beginning to receive their stimulus checks this week, and residents are wondering whether the checks will cover their needs....

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Pandemic-proof: Grocery-anchored retail centers expected to see even more investor interest
News 2 months ago
Pandemic-proof: Grocery-anchored retail centers expected to see even more investor interest

Morrell Plaza, a 103,251-square-foot shopping center off Frankford Avenue in Northeast Philadelphia, is the type of retail property investors...

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Exclusive: DHL signs big lease as Northeast Philadelphia industrial market stays hot
News 2 months ago
Exclusive: DHL signs big lease as Northeast Philadelphia industrial market stays hot

NorthPoint Development has signed a lease for a division of DHL International to occupy a 465,000-square-foot industrial building it is...

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PayPal signs big suburban lease to consolidate local offices
News 3 months ago
PayPal signs big suburban lease to consolidate local offices

PayPal signed an 11-year lease on 99,500 square feet at the Metroplex Corporate Center in Plymouth Meeting in a move to consolidate multiple local...

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'Staggering' coronavirus issues upend the Philadelphia office market
News 3 months ago
'Staggering' coronavirus issues upend the Philadelphia office market

As many office tenants grapple with how to pay the rent while their businesses are shut down or only partially operating, landlords are facing...

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Fine Print: Korman Residential buys in Center City, Duane Morris renews in Marlton
News 3 months ago
Fine Print: Korman Residential buys in Center City, Duane Morris renews in Marlton

An investment group led by Marc Policarpo and Matt Sigel, two real estate veterans, bought 124 S. Maple St., a 28,840-square-foot office building...

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South Jersey distribution warehouse sells for $20.2M to Clarion Partners
News 3 months ago
South Jersey distribution warehouse sells for $20.2M to Clarion Partners

A 183,000-square-foot distribution warehouse in West Deptford has sold for $20.2 million as South Jersey continues to see strong demand for...

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Fanatics boss Michael Rubin says battered licensed sports industry is 'effectively frozen'
News 3 months ago
Fanatics boss Michael Rubin says battered licensed sports industry is 'effectively frozen'

Over 10 agonizing days in March, Lids shut all 1,100 of its mall-based stores in North America, furloughing more than 8,500 employees. With no end...

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N.J. to halt non-essential construction projects, adds provisions for retailers
News 3 months ago
N.J. to halt non-essential construction projects, adds provisions for retailers

New Jersey has expanded its restrictions on construction and retail stores and is seeking to have better protections of warehouse workers during...

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Owner of Suburban Square, Lincoln Square takes novel approach to help retail tenants survive
News 3 months ago
Owner of Suburban Square, Lincoln Square takes novel approach to help retail tenants survive

Kimco Realty Corp., owner of Suburban Square in Ardmore, Lincoln Square in Philadelphia and Garden State Pavilions in Cherry Hill is taking a...

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Cherry Hill office complex hit by 'storm of events' sells for $25.3M
News 3 months ago
Cherry Hill office complex hit by 'storm of events' sells for $25.3M

An office complex in Cherry Hill recovering from the loss of two major tenants has been acquired by a New York investment firm $25.3 million. The...

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Cool (Home) Offices: Philadelphia Business Journal readers make it work
News 3 months ago
Cool (Home) Offices: Philadelphia Business Journal readers make it work

This week's Cool (Home) Offices looks at Business Journal readers from industries across the region. Last week we featured the home offices of...

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