Philadelphia Business Journal
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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.…
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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…
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National Accounting Firm Acquires Glen Mills-Based Torrillo & Associates
Glen Mills-based Torrillo & Associates has been acquired by Nashville’s LBMC, one of the largest accounting firms in the nation, for an undisclosed amount, write…
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Kennett Square’s Genesis HealthCare Sells for $1 Billion in Fifth-Round Auction
Kennett Square-based Genesis HealthCare has agreed on its sale to 101 West State Street for $1.02 billion following five rounds of bidding last week, writes John George for the Philadelphia Business Journal. …
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Consumers in Philadelphia Region Pull Back on Spending, Fed Reports
With strong economic growth but a slowing labor market last year, a theme of 2026 will be “waiting for clarity,” according to Federal Reserve Bank…
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This Delaware County Hospital Makes 2026 US News List for Best Maternity Care
The U.S. News & World Report’s 2026 Best Hospitals for Maternity Care list includes one from Delaware County, writes John George for Philadelphia Business Journal.…
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New Garden’s $300 Million Mixed-Use Project Could Ease Chester County Housing Crunch
Baltimore-based Stonewall Capital recently acquired a 187-acre property in New Garden Township with plans for a $300 million mixed-use development, writes Ryan Mulligan for the Philadelphia Business Journal. Local…
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Ryan Ogle Steps Down as 2026 PGA Championship Director at Aronimink
The 2026 PGA Championship at Aronimink Golf Club is losing its director, Ryan Ogle, only a few months from its opening, writes Emma Dooling for…
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Dock Mennonite Makes $1.5M Land Play in Montgomery County
A longtime Montco private school is expanding its footprint with a notable land purchase in Hatfield, writes Ryan Mulligan for The Philadelphia Business Journal. Dock…
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Prospect Medical Asks Court Permission to Dispose of Patient Records
Prospect Medical Holdings is seeking court approval to dispose of 470,000 patient records and save itself $350,000 a year in annual storage costs, writes John…
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Nordstrom Rack Launches New Locations, with One Coming to Exton
Nordstrom Rack, the off-price division of Nordstrom, is preparing to launch four new locations in the Philadelphia area, with one set for Exton in the…
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Leadership Changes Underway at Wayne’s Teleflex Following CEO Exit
Wayne-based Teleflex is undergoing a leadership transition with CEO Liam Kelly stepping down and Dr. Stephen Klasko, former Jefferson Health chief, appointed as the medical device…
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Bridges at Warwick Sells to REIT Specializing in Senior Housing for $50.2M
The Bridges at Warwick has been sold to National Health Investors, a real estate investment trust specializing in senior housing, for $50.2 million, writes Paul…
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Fast-Growing Lower Gwynedd Brokerage Joins Tampa’s Baldwin Group
A fast-growing Lower Gwynedd insurance brokerage is entering its next chapter after being acquired by a national player, according to Jeff Blumenthal for The Philadelphia…
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Toll Brothers Sells Second Atlanta Apartment as Multifamily Exit Continues
Toll Brothers has sold another Atlanta-area apartment community, continuing its exit from the sector, writes Tyler Wilkins for The Philadelphia Business Journal. An affiliate of…
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New Restaurant, Cocktail Bar from Square Roots Collective Coming to Kennett Square
Square Roots Community Initiative, a nonprofit that supports the Kennett Square area, will open a new American restaurant and cocktail bar in Kennett this summer, writes Emma Dooling…
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Joseph Ambler Inn in North Wales Sells to Local Real Estate Investor
After four decades with its original owner, the 52-room Joseph Ambler Inn has now been sold to Milind Satam, Jeetu Satpute and other real estate…
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Coatesville’s Last Remaining Bank Acquired for $55 Million
Founded more than a century ago, Presence Bank, Coatesville’s last remaining bank, has been acquired by Norwood Financial Corp. in a $54.9 million deal, writes Jeff Blumenthal…
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