Philadelphia Business Journal
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California Investor Acquires Pair of Self-Storage Properties in Northern Liberties for $39.3M
North Palisade Partners, a California investor, has acquired a pair of self-storage buildings in Northern Liberties for a total of $39.3 million, writes Paul Schwedelson…
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Market Street Demolition Plans Postponed As Summer Tourism Approaches
Comcast and the Philadelphia 76ers have decided to delay their plans to demolish and redevelop the 1000 block of Market Street ahead of this summer’s…
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Port of Philadelphia Acquires Coveted 152-Acre Mustin Yard for $90 Million
The Port of Philadelphia has acquired the long-coveted 152-acre Mustin Yard in a $90 million deal, write Ryan Mulligan and Paul Schwedelson for the Philadelphia…
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Two Cofounders From Montgomery County Rank Among World’s Wealthiest
Two Montgomery County businessmen have landed on the Forbes 2026 World’s Billionaires List with a combined fortune of around $84 billion, writes Ryan Mulligan for…
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Radnor Nixes Eminent Domain for Valley Forge Military College Land
Radnor Township has reached a deal with the Valley Forge Military Academy Foundation over 17 acres of land in Wayne and is ending its eminent…
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With Leasing Momentum, Rubenstein Partners Nabs $127M Refinancing for Chesterbrook Campus
Rubenstein Partners has obtained $127 million in refinancing from Waterfall Asset Management for its 1.1 million-square-foot office campus in Chesterbrook, writes Paul Schwedelson for the Philadelphia Business Journal. The 14-building…
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Episcopal Diocese Taps Michaels Organization to Redevelop 26 Church Properties in Philly Region
The Episcopal Diocese of Pennsylvania is working with private developer Michaels Organization to repurpose 26 church properties throughout the Philadelphia region, writes Ryan Mulligan for…
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Three Chester County Brothers Join Forbes Billionaires List
Three Chester County residents affiliated with Exton-based Bentley Systems have made their debut on Forbes’ most recent annual billionaire listing, writes Ryan Mulligan for the Philadelphia…
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Two Little Guys, Creator of Joe Tea, Opens Bensalem Headquarters With Eyes Toward Growth
Two Little Guys, the company behind the food and beverage brand Joe Tea, is moving its headquarters from New Jersey to Bensalem, writes Emma Dooling…
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Two Philadelphia Catholic Schools Receive Seven-Figure Donations
Father Judge High School and Roman Catholic High School were recently awarded seven-figure donations, which is part of a growing trend of record gifts to…
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Southern Land Refinances Josephine Apartment Tower With $145 Million Loan
Southern Land Co. has managed to secure a $145 million refinance loan less than two years after finalizing the luxury apartment tower Josephine near Rittenhouse…
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Exol’s Lease at Morrisville’s South Penn Logistics Center Biggest Industrial Deal in Years
Exol, an automated fulfillment company based in Menlo Park, California, has leased the entire 973,200-square-foot South Penn Logistics Center in Morrisville, which is one of…
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Chesterbrook’s Persevere Therapeutics Raises $1.57M, Acquires Cancer Drug in Stealth Exit
Chesterbrook-based Persevere Therapeutics marked its emergence from stealth mode last week with completed equity financing and product acquisition, writes John George for the Philadelphia Business…
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Wilmington Developer Buys Two Kennett Square Office Buildings, Plans $34M Redevelopment
Wilmington-based 9th Street Development is acquiring two office buildings in Kennett Square, plans to convert one into apartments while retaining the other as commercial space for office and medical tenants,…
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Penn Medicine Receives $10 Million Gift To Establish New First-Of-Its-Kind Research Center
Penn Medicine was recently gifted $10 million, which is being used to establish its new King Center for Lynch Syndrome, writes John George for the…
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Philadelphia Ranked Most Popular City in Northeast for Apartment Renter Interest
Philadelphia topped the list of cities in the Northeast for interest from apartment renters during the first half of the year, write Joanne Drilling and…
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Philadelphia’s Wealthiest ZIP Codes Continue to Be Concentrated Around Center City
The greatest wealth in the Philadelphia region still remains concentrated around Center City, as affluent urban ZIP codes dominate the list of the area’s wealthiest…
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Philadelphia Union Ups Marketing During 2026 World Cup Momentum
There will be more money in the Philadelphia Union marketing budget this year to take advantage of Philadelphia’s role hosting the FIFA World Cup, writes…
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