Philadelphia Business Journal
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Bank of New York Mellon to Relocate, Significantly Reduce Philadelphia Office Space in 2026
The Bank of New York Mellon Corp. is planning to vacate its longtime namesake building in Center City as it reduces its Philadelphia office space,…
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Former Landhope Dairy Farm in Kennett Square to Become New Wedding Venue
Jeffrey A. Miller Hospitality Group is partnering with the owners of the former Landhope dairy farm on a $6 million adaptive reuse project to transform…
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This Delaware County ZIP Code Is in the Nation’s Top 50 Luxury Housing Markets
Affluent homebuyers are snatching up properties in Villanova, making it one of the top luxury housing markets in America, writes Ryan Mulligan for Philadelphia Business…
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TD Bank Announces 51 Branch Closures, Including a Bucks County Location
As part of a move toward a digital-centric retail model, TD Bank intends to close 51 branches across 12 states, including one in Bucks County,…
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The Netflix House Rolls Out the Red Carpet in King of Prussia
King of Prussia Mall has officially rolled out the red carpet for Netflix House, writes Emma Dooling for the Philadelphia Business Journal. The streaming giant’s…
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Philadelphia Phillies End Oak View Group Partnership to Launch New Vendor at Citizens Bank Park
The Philadelphia Phillies plan to part ways with global venue management company Oak View Group at Citizens Bank Park, choosing not to renew the operations…
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George Washington’s Former Headquarters in Fort Washington Hits Market for $3.295M
A historic home in Fort Washington that was George Washington’s headquarters during the Revolutionary War has hit the market for $3.295 million, writes Ryan Mulligan…
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Pottstown Hospital Faces Cutbacks as Tower Health Tightens Operations
Tower Health announced plans to eliminate about 350 positions, roughly 3% of its workforce, and close select programs in an effort to remain financially stable,…
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University of Pennsylvania Marks Strongest Endowment Growth Since 2021, Nears $25 Billion
The University of Pennsylvania reported a 12.2 percent return on its endowment for fiscal 2025, bringing the total value to $24.8 billion, writes Ryan Mulligan…
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Yardley Real Estate Agent Partners with Restaurateur on South Philly Eatery
Joel Gruenke, a Yardley-based real estate agent, has partnered with New York restaurateur Mark Anthony D’Andrea to open a new Italian restaurant in South Philadelphia,…
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West Chester-Based QVC’s Third Quarter Report Prompts Debt Load Concerns
West Chester-based QVC Group reported an $80 million loss in the third quarter, triggering a drop in its share price of almost 40 percent, writes…
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Ten Penn Center Sold in $30M Deal, Conversion Project to Follow
The sale of Ten Penn Center is now complete, closing a $30 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. PMC Property Group…
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Doylestown Mill-Turned-Home Heads to Auction After Two Years on the Market
Shelly Mill, once an active Doylestown mill now restored into an expansive private residence, is set to go to auction two years after it first…
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Orchestra Life Sciences Headquarters Moving from Canada to Philadelphia Navy Yard with Planned Expansion
Orchestra Life Sciences is moving its headquarters from Montreal in Canada, to the Philadelphia Navy Yard as it prepares for rapid growth, writes John George…
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TD Bank Closing 51 Branches Nationwide, Including One in Chester County
As part of a move toward a digital-centric retail model, TD Bank intends to close 51 branches across 12 states, including one that is in…
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A Tale of Two Hospitals: Still Stalled in Springfield, but Progress at Taylor
Springfield Township officials continue to question the lack of plans for the shuttered Springfield Hospital by its new potential buyers, Restorative Health Foundation and Syan…
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Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson…
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Wayne-Based SEMCAP AI Leads $8 Million Series A Investment In Lula Commerce
Wayne-based SEMCAP AI led an $8 million Series A round for Lula Commerce, a Philadelphia startup that is planning to accelerate the growth of its…
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