Philadelphia Business Journal
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Lender Puts Willow Grove Park Mall on Market Following Matured $170M Debt
The majority of Willow Grove Park Mall, one of the largest shopping malls in the region, has been put on the market by a lender…
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Warminster-Founded Arbutus Biopharma to Receive $190M in Moderna Settlement
Four years after suing Moderna over its Covid-19 vaccine, Arbutus Biopharma, which was formerly headquartered in Warminster, has secured a $190 million share of a…
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Philadelphia Developer Expanding Fishtown Apartment Project After Securing $22M in Financing
Philadelphia developer PCG Investment has secured $22 million in financing, allowing it to expand its original plan for a Fishtown apartment project, writes Ryan Mulligan…
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Athlete Relocation Expert Elizabeth Herremans Moves to West Chester’s VRA Realty
Birds Nesting, founded by Elizabeth Herremans, has moved from luxury real estate brokerage Serhant Pennsylvania to West Chester-based VRA Realty, writes Ryan Mulligan for the Philadelphia Business Journal. Herremans, wife of…
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After Pandemic Delay, Capital Health Moves Forward With Langhorne Micro-Hospital
After being delayed and nearly derailed by the pandemic, Capital Health’s plan to build a micro-hospital next to Oxford Valley Mall in Langhorne is back…
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Subaru Park in Chester Gets Upgrades as New MLS Season Opens
There’s a lot happening at Subaru Park in Chester, from new lighting to an upgrade to the concession and retail areas, writes John George for…
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Former Eagle Brent Celek Adds Five West Chester Warehouses to Real Estate Portfolio
Former Eagle Brent Celek, who just brought his residential brokerage to Keller Williams Media, has acquired five West Chester warehouses for over $10 million as he doubles…
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Scarcity and Celebrity Influx Send Value of New Hope Riverfront Homes Skyrocketing
Prices for riverfront homes in New Hope have surged in recent years, driven by limited inventory and a growing influx of celebrities to the charming…
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West Chester Eagles Legend Brent Celek Brings His Real Estate Team to Keller Williams
Brent Celek, the former Eagles star who now lives in West Chester, has brought his real estate team to Keller Williams in what he calls a “natural…
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American Airlines Route Connects Philadelphia to Porto, Portugal
Starting in summer 2027, American Airlines will launch daily seasonal flights between Philadelphia International Airport and Porto Airport in Portugal, pending government approval, writes Emma…
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Brevet Capital Lands $150M Loan for 36-Story Apartment Tower on South Philadelphia Waterfront
New York-based Brevet Capital Management has obtained a $150 million construction loan to build a 36-story residential tower on the Delaware River waterfront, writes Paul…
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$105M Redevelopment Finally Moving Forward in Willow Grove
After nearly two years of delays, a major redevelopment project in Willow Grove is finally moving forward, writes Paul Schedelson for The Philadelphia Business Journal.…
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Pair of Philadelphia Airport Hotels Put Up for Sale by New York Owner
Lightstone Group, a New York-based real estate investment company, has put Aloft Philadelphia Airport and Four Points by Sheraton Philadelphia Airport on the market after…
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Madrigal’s Rezdiffra Nears Blockbuster Status With $958M in First Full Year on Market
In its first full year on the market, West Conshohocken-based Madrigal Pharmaceuticals’ flagship drug Rezdiffra nearly got to blockbuster status, bringing in $958.4 million in…
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Former Plymouth Meeting Hotel Cleared for Apartment Conversion
A long-vacant hotel in Plymouth Meeting is one step closer to a new life, writes Emma Dooling for The Philadelphia Business Journal. Plymouth Township’s Zoning…
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Main Line Landmark Gets New Mission Under Local Investor
A historic Bryn Mawr building is getting a new purpose, rooted in education, writes Jeff Blumenthal for The Philadelphia Business Journal. The longtime headquarters of…
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Greater Philadelphia Tops National Housing Market Price Growth in January
Greater Philadelphia saw the strongest home price growth among 40 major metro areas in January, with prices rising 8.6 percent year over year, writes Ryan…
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Wedding Venue and Adjacent Property Sold to Bensalem Landmark for $6.85M
In a $6.85 million deal, the Bensalem Landmark Shopping Center entity has acquired the Celebrations Wedding Venue and the adjacent shopping plaza from owner Francesco…
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