Philadelphia Business Journal
-
Philadelphia Housing Authority Acquires West Philly Apartment Tower, Plans Affordable Housing Units
The Philadelphia Housing Authority has paid $51 million for the Dane apartment tower in West Philadelphia with plans to allocate nearly half of the units…
-
Sprouts Farmers Market Prepares to Open 2 New Philadelphia Locations This Year
Sprouts Farmers Market will be opening a new store at Roosevelt Mall and Quartermaster Plaza, respectively, later this month, writes Paul Schwedelson for the Philadelphia…
-
Dallas Firm Takes Majority Stake in Bensalem’s Rita’s Italian Ice to Drive Growth
Bensalem staple Rita’s Italian Ice & Frozen Custard has received a majority investment from Maple Park Capital Partners, a newly formed Dallas firm, to fuel…
-
Fort Washington Developer Purchases 61-Acre Newtown Site for $6.98M to Build 45 Single-Family Homes
Fort Washington-based Toll Brothers has paid $6.98 million for a 61-acre Newtown site where it plans to build 45 single-family homes, writes Paul Schwedelson for…
-
Philadelphia Now Ranks Among Zillow’s Top Five Hottest Housing Markets for 2025
Greater Philadelphia has climbed six spots from last year to rank as the nation’s fifth hottest housing market for 2025, according to Zillow, writes Ryan…
-
Philadelphia’s Thriving Restaurant Scene Poised to Grow and Evolve with Numerous New Openings in 2025
Philadelphia’s already thriving restaurant scene is poised to grow and further evolve with dozens of new openings scheduled for 2025, writes Emma Dooling for the…
-
University City-Based Verismo Therapeutics Acquired by HLB Group of South Korea
University of Pennsylvania spinout Verismo Therapeutics is being acquired by South Korea-based HLB Group, which already owns an almost 50 percent stake in the firm,…
-
Philadelphia Colleges Thrive in 2024 Amid Major Endowment Gains
Endowments at colleges and universities saw significant gains in fiscal 2024, with local schools recording hundreds of millions of dollars in investment returns, writes Ryan…
-
Mitchell & Ness Nears Deal to Move Flagship Store in Center City
Mitchell & Ness, the vintage sports apparel retailer, is in the process of likely moving its flagship Center City store to the other side of…
-
Boondocks, a Nashville Honky Tonk, Coming to Glen Mills in the Fall
The owners of the Chadds Ford Tavern are opening a Nashville honky-tonk with line dancing and live music at 1110 Baltimore Pike in Glen Mills,…
-
King of Prussia’s Westover Buys New York Real Estate Portfolio for $94.5M
King of Prussia-based Westover recently purchased a multifamily real estate portfolio in New York for $94.5 million from Black Spruce Management, writes Paul Schwedelson for…
-
Frontier Airlines Cuts 5 Philadelphia Airport Routes for 2025
The low-cost carrier Frontier Airlines, the second largest airline at Philadelphia International Airport, has cut four routes from the airport, and has cut another temporarily…
-
Conshohocken Real Estate Firm CenterSquare Has Big Plans for 2025
Conshohocken real estate firm CenterSquare Investment Management plans to expand its retail portfolio, writes Paul Schwedelson for the Philadelphia Business Journal. The firm plans to…
-
Van Leeuwen Ice Cream’s Major Greater Philadelphia Expansion Kicks Off with Ardmore Location in March
Van Leeuwen Ice Cream is planning to at least triple its Greater Philadelphia presence in the coming years, starting with an Ardmore location expected to…
-
BioNTech Agrees to Pay $467M to Penn as Part of COVID-19 Vaccine Royalties Settlement
University of Pennsylvania will receive $467 million from BioNTech as part of a settlement in a lawsuit over COVID-19 vaccine royalties, writes John George for…
-
Elwyn Launches $100M Campus Plan With Developer Hire
The behavioral health nonprofit Elwyn, headquartered in Media Borough, is spending $100 million to redevelop its main campus, including a new $45 million school, writes…
-
Philadelphia-Area Hotel Sales in 2024 Totaled Over $100M, More Than Half in the City
Philadelphia-area hotel sales generated more than $100 million across the region in 2024, with most of the revenue occurring in the city, writes Emma Dooling…
-
Philadelphia-Based Brandywine Realty Trust Sells 23-Story Building in Arlington for $190.5M
Philadelphia-based Brandywine Realty Trust recently sold a mixed-use building in Arlington, Virginia, for $190.5 million as part of its continuous efforts to ease out of…
Founding Partners
Advertisement
Affiliate Partners
