Philadelphia Business Journal
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Philadelphia Housing Authority Acquires West Philly Apartment Tower, Plans Affordable Housing Units
The Philadelphia Housing Authority has paid $51 million for the Dane apartment tower in West Philadelphia with plans to allocate nearly half of the units…
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Radnor Native Devan Kaney Replaces Howard Eskin as WIP Eagles Sideline Reporter
Devan Kaney, who grew up in Radnor, was a shy teen when she was chosen at age 15 as a Philadelphia Eagles “fan of the…
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Macy’s Set to Close Store Inside Iconic Center City Building in March
Macy’s recently announced plans to close its 435,000-square-foot store inside Philadelphia’s historic Wanamaker building this coming March, writes Paul Schwedelson for the Philadelphia Business Journal.…
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Nudy’s Cafe Opening 15th Location in Glen Mills as Chain Expands
Nudy’s Cafe, operating as a breakfast and lunch venue for 46 years, is opening its 15th location in Glen Mills, writes Emma Dooling for Philadelphia…
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Warrington’s Windtree Therapeutics Eyes Acquisitions to Stay Afloat
To remain viable, Warrington-based Windtree Therapeutics plans on boosting revenue by acquiring smaller companies with FDA-approved products, writes John George for the Philadelphia Business Journal.…
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Upper Makefield Mansion Sells for $6.9M, Ranking Among Top Residential Sales in Bucks County
A nearly 16,000-square-foot mansion in Upper Makefield sold late last month for $6.9 million, becoming one of the largest residential sales in Bucks County, writes…
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Dallas Firm Takes Majority Stake in Bensalem’s Rita’s Italian Ice to Drive Growth
Bensalem staple Rita’s Italian Ice & Frozen Custard has received a majority investment from Maple Park Capital Partners, a newly formed Dallas firm, to fuel…
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Feasterville Plaza Sells for $18.5 Millon, Eight Percent Less Than Last Time it Traded in 2011
An entity owned by Nandish Patel, founder of Langhorne’s Phoenix Nexus Enterprises, recently bought Feasterville Plaza for $18.5 million, writes Paul Schwedelson for the Philadelphia…
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Mitchell & Ness Nears Deal to Move Flagship Store in Center City
Mitchell & Ness, the vintage sports apparel retailer, is in the process of likely moving its flagship Center City store to the other side of…
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Florida Company Buys Penn Oaks Golf Club in West Chester
Concert Golf Partners, a national owner-operator of upscale private golf and country clubs, recently added Penn Oaks Golf Club in West Chester to its portfolio,…
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Philadelphia’s Thriving Restaurant Scene Poised to Grow and Evolve with Numerous New Openings in 2025
Philadelphia’s already thriving restaurant scene is poised to grow and further evolve with dozens of new openings scheduled for 2025, writes Emma Dooling for the…
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Recently Built Home on the Coveted Delancey Place Hits Market for $4.6M
A rare opportunity awaits buyers on Philadelphia’s most coveted street as a newly built home on Delancey Place has recently hit the market for $4.6…
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Boondocks, a Nashville Honky Tonk, Coming to Glen Mills in the Fall
The owners of the Chadds Ford Tavern are opening a Nashville honky-tonk with line dancing and live music at 1110 Baltimore Pike in Glen Mills,…
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Villanova Home That Sold in Less Than a Week Among Intriguing 2024 Homes
A Villanova home owned by David Kelleher and Marlo Pagano-Kelleher, the president of David Auto Group in Glen Mills and the founding member of Pagano…
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BioNTech Agrees to Pay $467M to Penn as Part of COVID-19 Vaccine Royalties Settlement
University of Pennsylvania will receive $467 million from BioNTech as part of a settlement in a lawsuit over COVID-19 vaccine royalties, writes John George for…
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Yardley-Based Optinose Implements Reverse Stock Split to Boost Share Price, Avoid NASDAQ Delisting
Yardley-based Optinose will enact a 1-for-15 reverse stock split to boost its share price and fend off a potential NASDAQ delisting, writes Ryan Mulligan for…
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Elwyn Launches $100M Campus Plan With Developer Hire
The behavioral health nonprofit Elwyn, headquartered in Media Borough, is spending $100 million to redevelop its main campus, including a new $45 million school, writes…
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New Warehouse Set to Break Ground in Souderton
A new 176,000-square-foot warehouse is coming to Souderton from Endurance Real Estate Group and Greystar-Thackeray, writes Paul Schwedelson for the Philadelphia Business Journal. The 14-acre…
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