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Swiss Investment Company Acquires Rittenhouse Square Building for $5.23M, Conversion Possible
MZP AG, a Switzerland-based investment company has purchased a Rittenhouse Square building in a $5.23 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. The six-story building at 1619 Walnut Street is mostly-vacant and saw a 70 percent decline in its sale compared to the $19.2 million New York-based Nuveen Real Estate paid in…
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Popular Hot Chicken Chain Opens Second Bucks County Location in Warminster
After a successful debut in Bucks County with the opening of the Bensalem location in July 2023, Asad’s Hot Chicken is now expanding its local footprint to include Warminster, writes Dino Ciliberti for the Patch. The new eatery at 348 York Road in a shopping center opened on Friday, January 23, and the first 15…
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PNC Bank to Require Employees to Return to Office Full-Time in May
PNC Bank, the third largest bank in the Greater Philadelphia region, has made the decision to require its employees to return to the office five days a week, effective May 4, 2026, writes Patty Tascarella for the Philadelphia Business Journal. “PNC has always been an in-office company,” PNC CEO Bill Demchak said in the memo. “It’s not…
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What Will Happen With the Philadelphia Art Museum’s Rebrand After Marketing Chief’s Resignation?
The Philadelphia Art Museum’s chief marketing officer Paul Dien has announced his resignation, effective February 1, writes Peter Dobrin for The Philadelphia Inquirer. Dien was in charge of overseeing the museum’s rebranding campaign that was unveiled in October 2025. When he and former director and CEO Sasha Suda came up with the rebrand, their hope…
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Four Seasons Philadelphia Unveils New $25K-Per-Night Sky Garden Penthouse Suite
Four Seasons Philadelphia at the Comcast Technology Center has unveiled a new collection of rooms on the 45th floor, including a Sky Garden penthouse suite that is priced at $25,000 per night, writes Michael Tanenbaum for PhillyVoice. In addition to the 4,000-square-foot penthouse suite with a private terrace, the Sky Garden features four guest rooms…
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Philadelphia Small Businesses Hope to Convert 2026 Tourism Surge into Sustained Growth
Philadelphia expects a major tourism-driven economic windfall this year, but the city needs proper strategy and preparation to ensure small businesses do not miss out, writes Sarah Huffman for Technical.ly. With World Cup games, the MLB All-Star game, and America’s 250th birthday all coming to the region, Philadelphia is set to welcome over one million…
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How This Nearly 100-Year-Old Philadelphia Company Has Stood the Test of Time
It has been nearly 100 years since Myer “Spike” Shandelman founded Spike’s Trophies. The Philadelphia-based company has been able to survive this long due to its ability to modernize it, writes Holly Quinn for Technical.ly. Over these many decades, Spike’s Trophies has evolved from a traditional hand-engraving shop into a tech-driven company that benefits organizations…
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SEPTA Saw Lowest Rate of Serious Crime Since 2015 Last Year
SEPTA recorded its lowest level of serious crime last year since 2015, according to new crime statistics, writes Mike DeNardo for KYW Newsradio. According to new crime statistics, SEPTA had a 6 percent decline in serious crimes in 2025. This includes homicides, thefts, and aggravated assaults. Among the eight categories of crime, numbers were down…
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Museum Design Work Starts for Historic SS United States, Destined to Become Florida’s Giant Artificial Reef
Design work is underway for a museum dedicated to the historic SS United States, which is headed to Florida after decades docked in South Philadelphia before more recently moving to Alabama, writes Tyler Thrasher for FOX 29 Philadelphia. The highly anticipated SS United States Museum and Visitor Experience in Florida will honor the legacy of…
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Philadelphia Midwife Collective to Open New Birth Center, Community Health Practice in Germantown
The Philadelphia Midwife Collective plans on converting a historic 100-year-old house in Germantown into Philadelphia’s newest birth center and community health practice, writes Nicole Leonard for WHYY. The goal is to provide an alternative labor and delivery option in an area where hospital maternity units and birthing centers have been shrinking or closing, further widening…
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Temple University Pays $8 Million for Former McDonald’s Site Adjacent to Its Sports Complex
Temple University has purchased the former McDonald’s site at Broad Street and Girard Avenue, next to Temple University Sports Complex, for $8 million, writes Ryan Mulligan for the Philadelphia Business Journal. The fast food restaurant that once occupied the lot was demolished in 2023. This acquisition continues a series of deals the university has pursued…
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New $11.5M Project Aims to Beautify Philadelphia in Preparation for 250th Birthday Celebrations
Mayor Cherelle Parker has announced a partnership between the city and various other partners on a new $11.5 million project to beautify key access points into Philadelphia, writes Tom MacDonald for WHYY. The new beautification project is both in preparation to welcome the world to Philadelphia to celebrate America’s 250th birthday and part of the…
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Recent Court Ruling and Venezuelan Upheaval Could Transfer 300-Acre Delaware River Island to Trump Donor
The recent U.S. court rulings and political developments in Venezuela could end up with the transfer of ownership of New Jersey’s Petty’s Island from Venezuela to investor and conservative donor Paul Singer and his Elliott Investment Management, writes Rich Calder for the New York Post. The 300‑acre island in the Delaware River, known for its…
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Why Philly Pretzels Are in a Class of Their Own
A long-standing staple of Philadelphia’s food culture, the soft pretzel continues to be one of the region’s most popular and versatile food items, writes Paige Hughes for The Takeout. The pretzel was brought to Philadelphia in the 1700s by German immigrants, but it took another 100 years for local bakers to transform the Bavarian treat…
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Philadelphia Region Expects $1 Billion of Economic Impact from Tourism Blitz in 2026
The Philadelphia region could see an estimated $1 billion of economic impact in 2026 from the surge in tourism that is being driven by some of the world’s largest events, writes Mike D’Onofrio for AXIOS Philadelphia. Over one million visitors are projected to attend 22 events in Philadelphia and the surrounding area this year, including…
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Iconic 30th Street Station in Philadelphia Set to Receive Preservation-Led Makeover
Philadelphia’s iconic William H. Gray III 30th Street Station, widely regarded as one of the most beautiful Amtrak stations, is undergoing a makeover to restore its historic grandeur while adding some modern updates, writes Felix Ngeso for The Travel. Guided by a preservation first philosophy, the renovation seeks to maintain the historical details while upgrading…
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Philadelphia’s 2025 Homicide Total Was City’s Lowest Since 1966
Philadelphia recorded the lowest number of homicide victims in 2025 since nearly 60 years ago, writes Kristen Johanson for KYW Newsradio. Philadelphia Police Commissioner Kevin Bethel reported that the city and police department saw 222 homicides last year. This marks the first time the city saw fewer than 230 homicide victims since 1966. “Being able…
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New York-Based Social Wellness Brand Bathhouse to Expand to Philadelphia
Bathhouse, the New York-based social wellness brand, is preparing to open its first Philadelphia location, writes Emma Dooling for the Philadelphia Business Journal. The facility will be located inside the historic Bellevue Hotel and will bring four pools and four saunas to the South Broad Street building. According to co-founder Travis Talmadge, the new Bathhouse…
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