Philadelphia Business Journal
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Temple University Obtains Three Seven-Figure Gifts, Totaling $7.5 Million
Temple University has extended its recent fundraising efforts after receiving three new gifts, totaling $7.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The…
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Demand Outpaces Supply as Center City Apartment Vacancy Falls
Apartment vacancy in Center City continues to decline even as developers accelerate conversions of distressed office towers into hundreds of new residential units, writes Paul…
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Alex Fraser Lists New Hope Estate for $3.25 Million as His Bucks County Playhouse Tenure Nears Its End
Tony Award-winning producer Alex Fraser and his husband Peter Maloney have listed their New Hope home for sale, according to the Philadelphia Business Journal. The…
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PHL Welcomes New Soft Pretzel, Beer Spot into its Lineup of Eateries
Philadelphia International Airport recently welcomed a new restaurant serving up delicious soft pretzels and local beer, writes Emma Dooling for the Philadelphia Business Journal. Pretzels & Pints opened in…
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Wealth Management Consultant Buys West Chester’s Meradia, Moving HQ to Borough
West Chester-based Meradia was acquired by F2 Strategy, a portfolio company of Renovus Capital Partners in Wayne, and selected the borough as the headquarters for the combined company, writes Jeff Blumenthal…
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Bryn Mawr College Receives $20 Million in Gifts to Launch Strategic Plan
Backed by two $10 million gifts, Bryn Mawr College has started implementing a new strategic plan centered on expanding access, modernizing campus facilities, and increasing…
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Ardmore’s Suburban Square Sees Surge in Demand with New Retail Additions
Ardmore’s Suburban Square has reached full occupancy following a surge of new leasing activity, writes Paul Schwedelson for The Philadelphia Business Journal. In recent months,…
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Hanwha Philly Shipyard Aims to Hire Up to 10,000 Workers, Quadrupling Workforce
South Korea-based Hanwha plans to quadruple its workforce at the Philadelphia Navy Yard shipyard, by aiming to hire up to 10,000 workers over the next…
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$58M Rehab Hospital Ready to Open at Concordville Inn Site
Encompass Health held a ribbon-cutting on April 29 for its first Philadelphia-area rehabilitation hospital on the site of the former Concordville Inn, writes John George…
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Stone-Clad Berwyn Estate with Fireplaces and Home Theater Hits Market
A stone-clad seven-bedroom, 10-bathroom estate in Berwyn, set on 12 acres and topped with a burnt red roof, has recently hit the market for $6.25…
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Pinball, Fortnite, and Fresh Brews: A Family-Friendly Brewery Is Coming to Springfield
The husband and wife team of Matt and Stephanie Courchain are opening a retro arcade and brewery in Springfield known as the Battle Royale Brewing…
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Chicken Salad Chain Spreads Its Wings With Locations Coming to Chester County
Southern fast-casual chain Chicken Salad Chick is set to enter the Philadelphia market with six locations across Chester and Montgomery counties, writes Emma Dooling for the Philadelphia Business…
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John Ternus, Next CEO of Apple, is a University of Pennsylvania Alum
Apple recently announced that University of Pennsylvania alumnus John Ternus will become the next CEO of the company starting September 1, writes Alastair Goldfisher for…
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PECO Announces Transition of President and CEO David Vahos to Special Advisor to Exelon’s President and CEO
PECO President and CEO David Vahos will transition to the role of Special Advisor to Exelon President and CEO Calvin Butler. Mike Innocenzo, Exelon’s Chief…
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Two Investment Firms Plan to Own Sizable Stakes in Restructured QVC Group
Silver Point Capital and Strategic Value Partners, both investment firms based in Greenwich, Connecticut, will hold sizable stakes in QVC Group after the West Chester-based…
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Richard Lazer, Port of Philadelphia’s Next CEO and Executive Director, Eyeing Further Growth
Richard Lazer, who has served as executive director of the Philadelphia Parking Authority since 2022, has been unanimously selected as the next CEO and executive…
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Radnor Drug Designer Certara Sells Medical Writing Business
Radnor-based drug developer Certara is selling its regulatory and medical writing business for up to $135 million to Veristat, writes John George for Philadelphia Business…
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Chester County’s United Sports and YSC Sports Sold to Out-of-State Youth Sports Operator
United Sports Training Center in Downingtown and YSC Sports in Wayne have a new owner in Indiana-based Capacity Sports Group, which operates youth sports programs and manages…
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