Philadelphia Business Journal
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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…
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Toll Brothers Joint Venture Sells Apartment Building Outside of Boston for $131M
A joint venture between Fort Washington-based Toll Brothers and an affiliate of The Carlyle Group has sold an apartment building outside of Boston for $131…
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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…
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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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Villanova University Acquires 8-Acre Site Next to Cabrini Campus
Villanova University has acquired an 8.3-acre residential parcel next to Cabrini University as it looks for opportunities to grow its campus. The parcel at 1250…
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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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Mount Vernon-Inspired Sellersville Estate Prepares to Hit the Market for $3.3M
A Mount Vernon-inspired estate in Sellersville, set on 35 acres and recently updated through a multimillion-dollar renovation, has been listed for $3.295 million, writes Ryan…
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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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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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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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125-Room Great Valley Hotel Sells for $10.4 Million to BNS Associates
Moody National REIT II, a Houston real estate investment trust, has sold the 125-key Hampton Inn Philadelphia Great Valley Malvern in Frazer to BNS Associates for $10.4…
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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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Plymouth Meeting Pharmaceutical Company Eyes $1B Milestone
Harmony Biosciences says its flagship narcolepsy drug is on track to hit a major milestone, writes John George for The Philadelphia Business Journal. The Plymouth…
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PGA Looking for Some Local Help to Hire for Aronimink Tournament
About 200,000 people are coming to Delaware County, specifically the Aronimink Golf Club in Newtown Square, during the second week of May for the 2026…
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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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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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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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Amid Broader Restructuring, Avelo Airlines Eliminates Four Routes at Wilmington Airport
Avelo Airlines is cutting four routes at Wilmington Airport as part of a broader restructuring, leaving Chester County travelers with fewer destination choices, writes Emma Dooling for the Philadelphia…
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