Philadelphia Business Journal
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Toll Brothers Secures 86-Acre Stone Meadows Farm in Langhorne for $40.5 Million for Senior Living Community
Toll Brothers has acquired an 86-acre parcel of land in Langhorne, for $40.5 million, eyeing the development of a 55-plus community at the former Stone…
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Wistar Institute Opens New Center for Advanced Therapeutics, CEO Talks Goals and Vision
The Wistar Institute recently launched its newest initiative, the Center for Advanced Therapeutics, further aligning with Philadelphia’s growing life sciences sector and further expanding Wistar’s…
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Two Firms Acquire Former Site of Byberry State Hospital in Northeast Philadelphia With Plans to Build Warehouses
Rockefeller Group and PCCP have partnered to acquire the 50-acre former site of Byberry State Hospital for $44.8 million, writes Paul Schwedelson for the Philadelphia…
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Law Firm Dilworth Paxson in Talks to Relocate From Centre Square to One Liberty Place
Dilworth Paxson, the Center City law firm, is in talks to relocate from Centre Square to One Liberty Place in a move that would reduce…
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Maryland Hospitality Company Reopens Long-shuttered Fort Washington Hotel
After acquiring it for $11.05 million last year, Baywood Hotels, a Maryland hospitality company, has reopened the long-shuttered Hilton Garden Inn Philadelphia/Fort Washington, writes Emma…
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Malvern-Based Vanguard Acquires North Carolina Office Complex for $117 Million
Malvern-based Vanguard Group is planning to consolidate its Charlotte, North Carolina, operations at the new office campus it recently acquired there for $117 million, writes…
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Maryland-based Indoor Pickleball Venue Operator To Open 2 Centers in Montgomery County
A Maryland-based indoor pickleball venue operator is planning to open its first two centers in Montgomery County later this year, writes John George for the…
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Citizens Financial Group CEO Sees Great Upside For Philadelphia Economy, Eyes More Opportunities
Bruce Van Saun, CEO of Citizens Financial Group, sees a lot of upside for Philadelphia and its economy, and much of it is connected to…
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Bryn Mawr-based Alliance HP Buys Two Montgomery County Properties for $23.1M
Bryn Mawr-based real estate firm Alliance HP has purchased two properties in Montgomery County – one industrial building and one office building – for a…
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Plymouth Meeting, Willow Grove Mall Owner PREIT Going Private After Emerging from Bankruptcy
PREIT, the owner of Plymouth Meeting and Willow Grove malls, is set to go private after it emerged from bankruptcy protection for the second time…
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Scrub Daddy Owner Weighing Possible Sale of $220M Company
The founder of the hugely successful Scrub Daddy kitchen product, initially manufactured in Folcroft, is thinking of selling his company, writes Ryan Mulligan for Philadelphia…
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Royal Izakaya’s Chef Jesse Ito is a Finalist For a 2024 James Beard Foundation Award
The James Beard Foundation has announced its finalists for the prestigious culinary awards, and one Philadelphia chef is on that list, writes Emma Dooling for…
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Haverford College Seeks $1 Billion Endowment Amid Plans For Future Take Shape
Haverford College President Wendy Raymond is making fundraising a priority as the college moves forward with its strategic, and in-the-works campus plan, writes Ryan Mulligan…
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Historic Ambler Estate with Gardens Archived in Smithsonian Hits Market for $5.39 Million
A historic 14-acre estate in Ambler with a riding arena, three livable structures, and stunning gardens that have been archived in the Smithsonian recently hit…
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Philadelphia Tourism is Expected To See a Major Boost With Wrestlemania XL Coming To Town
As Philadelphia Eagles chief operating officer, Frank Gumienny is quite privy to the interest and popularity level of events he books at Lincoln Financial Field.…
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After 10 Months on the Market, Rittenhouse Square Penthouse Sells For $2 Million
A nearly century-old Rittenhouse Square penthouse with a 60-foot terrace has sold for 39 percent under its initial asking price after 10 months on the…
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Massive Mixed-Use Project Planned Near North Philadelphia Amtrak Station
Two social impact-oriented developers are planning to construct a massive mixed-use project at the long-neglected site next to Amtrak’s North Philadelphia train station, writes Paul…
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New Residential Tower Proposal Could Bring Up to 600 Units Near Family Court Building in Center City
The Family Court building and neighboring surface parking lot near Ben Franklin Parkway could soon be the space of a new residential tower, writes Paul…
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