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MLB Plans to Invest Millions in Philadelphia Communities for 2026 All-Star Weekend
In 2019, the MLB did something it doesn’t typically do in announcing the host city of its All-Star Game seven years in advance. Knowing that 2026 is the 250th birthday of America, the league knew there was an opportunity there that it could not miss, writes Emma Dooling for the Philadelphia Business Journal. “We put…
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Di Bruno Bros. Planning to Close Ardmore Gourmet Market
Di Bruno Bros. is expected to close three of its five gourmet markets in the coming weeks, including the location at the Ardmore Farmer’s Market, write Denali Sagner and Michael Klein for The Philadelphia Inquirer. While Wakefern Food Corp. spokesperson Maureen Gillespie, whose company acquired Di Bruno’s brand in 2024, said closing dates were not…
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Temple University Unveils New 10-Year Strategic Plan for Institution, North Philadelphia Region
Since being installed as the new president at Temple University, John Fry has been detailing his vision for the future of the institution. Last week, Temple unveiled its new, long-term strategic plan for the future, writes Susan Snyder for the Philadelphia Business Journal. The plan, called “Forward with Purpose” has been approved with the target…
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America’s Largest Privately Held Real Estate Brokerage Enters Philadelphia Market
Howard Hanna Real Estate Services, the largest privately held real estate brokerage in the nation, is now in the Philadelphia market and is already looking ahead to expanding, writes Paul Schwedelson for the Philadelphia Business Journal. The brokerage firm entered in Philadelphia by bringing on the team at Long & Foster Real Estate. This one…
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Washington Post: Oldest Surviving U.S. Warship, the Philadelphia, Receives 250th-Birthday Makeover
Philadelphia, the oldest United States surviving intact warship, which was sunk by the British in battle in 1776, is undergoing a makeover ahead of the nation’s 250th birthday, writes Michael E. Ruane for The Washington Post. The warship was launched on July 30, 1776, just weeks after the Declaration of Independence was signed. Now with…
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Brandywine Realty Obtains Record $87M Refinancing Loan for University City Life Sciences Tower
Brandywine Realty Trust recently obtained an $87.3 million in C-PACE financing for the life sciences building at 3151 Market Street in University City, writes Paul Schwedelson for the Philadelphia Business Journal. This is the largest loan of its kind in the history of Pennsylvania. The C-PACE loan was founded by Connecticut-based Nuveen Green Capital and…
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Comcast Nears $117.5M Settlement Deal in Yearslong Data Breach Lawsuit Proceedings
Comcast has reached a $117.5 million deal to settle 24 class-action lawsuits stemming from a 2023 data breach that might have impacted more than 30 million customers, writes Abraham Gutman for The Philadelphia Inquirer. The agreement received preliminary approval from a federal judge earlier this month. If the current terms of the agreement gets fully…
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New Steakhouse from Atlas Restaurant Group Coming to The Rittenhouse Hotel
Atlas Restaurant Group is set to open its second Philadelphia restaurant, introducing its steakhouse concept The Ruxton at The Rittenhouse Hotel, writes Emma Dooling for the Philadelphia Business Journal. The Ruxton will replace Italian restaurant Scarpetta, which is scheduled to close on January 31. Construction is expected to begin in the fall, with the two-story…
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Philadelphia Ranks Among Best Startup Cities in Nation as Funding Freeze Shows Signs of Thawing
Philadelphia ranks among the top ten best startup cities that have at least 1 million residents, as the funding freeze that has lasted several years starts to ease, writes Ryan Mulligan for the Philadelphia Business Journal. The Philadelphia innovation ecosystem placed eighth in a recent CommercialCafe ranking, beating out cities such as Chicago, Los Angeles,…
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Gather Place Museum Offers Context, ‘Living History’ Truth as National Debate Emerges Over Removal of Slavery-Related Historical Plaques in Philadelphia
In response to recent national news regarding the removal of slavery-related plaques connected to President George Washington, Gather Place Museum provides a timely local perspective anchored in education, historical context, and public understanding. Gather Place Museum, located in Yardley, Bucks County, Pennsylvania, operates out of the historic African Methodist Episcopal (AME) Church of Yardley, established…
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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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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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Remembering the Sears Tower on Roosevelt Boulevard Nearly Three Decades After its Demise
Almost three decades after the Sears Eastern Regional Catalogue Headquarters on Roosevelt Boulevard was demolished, the complex and its 14-story clock tower continues to live on in the memory of many Philadelphians who worked and shopped there, writes Edward W. Duffy for the Hidden City. Not everything is gone, however. The power plant’s chimney still…
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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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Center City’s Largest Apartment Tower Goes Up for Sale Again After 4 Years
Center City’s largest apartment tower, on 1500 Locust Street, is back on the market four years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 605-unit, 45-story building was acquired by New York real estate firm Fairstead and Minneapolis investment company Castlelake for $233 million back in December 2021. It…
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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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Penn and BioNTech Partner on New $50M Fund for Early-Stage Life Sciences Companies
The University of Pennsylvania and global biopharmaceutical company BioNTech have launched a $50 million fund to support early-stage life science companies emerging from the university, writes Sarah Huffman for Technical.ly. The Penn-BioNTech Innovative Therapeutics Seed (PxB) Fund will be managed by local venture firm Osage University Partners. “[The fund] will allow us to move faster…
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