Regions Midatlantic | Philadephia
New Hotel Raises its Flag in Philly
Aug. 15, 2008
Starwood Hotels & Resorts Worldwide Inc. has completed development of yet another hotel under its new Aloft lifestyle brand.
Smart Car Dangled as Carrot for Potential Buyers at New Philly Condo Property
Aug. 01, 2008
With the souring economic climate and frosty lending market, for-sale multifamily residences are not selling like hotcakes anymore, so in an effort to lure buyers for the remaining condominium units at the seven-month-old Symphony House in Philadelphia's Center City, developer Dranoff Properties has decided to give a Smart Car to every new purchaser.
$54M Financing Deal Closes for Suburban Philly Shopping Center
July 25, 2008
Pennsylvania Real Estate Investment Trust has secured $54 million in financing on Paxton Towne Centre, the company's 703,000-square-foot shopping center in Harrisburg, Pa., less than 15 miles from Philadelphia. The transaction marks PREIT's third financing deal within the last month.
Shovels Hit Dirt for $100M Biotech HQ in Suburban Philly
July 25, 2008
Work has commenced on Almac Group's new North American headquarters campus in Lower Salford Township in Harleysville, Pa., about 30 miles outside of Philadelphia. The Craigavon, Northern Ireland-headquartered bioscience research-and-development services company will invest $100 million to develop a 240,000-square-foot facility as part of an expansion and consolidation project that will ultimately yield an office and production complex of up to 1 million square feet.
Comcast-Spectacor to Close Down Spectrum
July 16, 2008
Comcast-Spectacor chairman Ed Snider said today that this will be the final year of the Spectrum.
BPG Properties Sells Office Building in Horsham
July 07, 2008
BPG Properties Ltd. announced the sale of 200 Tournament Drive, a 90,845-square-foot office building to an undisclosed purchaser.
Brandywine Realty Promotes DeVuono to EVP, Senior Managing Director, Pennsylvania Region
July 03, 2008
Brandywine Realty Trust promoted Jeff DeVuono to the position of executive vice president and senior managing director of Pennsylvania region.
$850M Comcast Center Makes its Debut as Tallest Green Building in U.S.
July 03, 2008
The nearly 1.3 million-square-foot Comcast Center has just recently opened its doors with an estimated completion price tag of $850 million.
Binswanger Negotiates Lease for Material Concepts iin Philadelphia
June 30, 2008
Binswanger said today that Material Concepts Inc. has leased the 48,000-square-foot office and warehouse building at 11621 Caroline Road in Philadelphia, Pa.
Binswanger Executes 4 Leases in Philadelphia
June 25, 2008
On behalf of 1500 Walnut Enterprises L.L.C., Binswanger executed four leases totaling 9,303 square feet at 1500 Walnut Street in Philadelphia, Pa.
State Signs 224,000SF Lease at Historic Philly Building
June 24, 2008
The Commonwealth of Pennsylvania has signed a deal with Pennsylvania Real Estate Investment Trust for 224,000 square feet of office space at the former Strawbridge & Clothier building in Philadelphia.
Diversity a Major Factor in Comcast Tower Construction
June 18, 2008 - Source: Philadelphia Business Journal
Developer Advantage Contracting was experienced as well as minority-owned.
Rohm & Haas to Close Two Plants, Cut 925 Jobs
June 17, 2008 - Source: Philadelphia Inquirer
The major chemical company cites a shrinking paint market and difficult economic times for the decision.
Philly Hotels Work to Generate Summer Heat
June 16, 2008 - Source: Philadelphia Business Journal
With increased sales staff and aggressive marketing campaigns, the City of Brotherly Love is seeing a competitive hospitality industry.
Pennsylvania Firm Closing Distribution Center
June 13, 2008 - Source: Philadelphia Business Journal
GSI Commerce, which is based in King of Prussia, will close its Portland, Tenn. retail and distribution center on Sept. 30.
Expansion on Tap for Delaware's Only Pediatric Hospital
June 12, 2008 - Source: The News Journal
The Alfred I. duPont Hospital for Children is planning a facelift that will cost between $170 and $200 million.
Atlantic City Casinos See Uptick in Revenue
June 11, 2008 - Source: Philadelphia Inquirer
During the month of May, the city's 11 gambling halls took in $415.3 million, a 1.6 percent jump from a year earlier.
Tough Retail Climate Leads A.C. Moore To Tighten Expansion Plans
June 10, 2008 - Source: Philadelphia Inquirer
The Berlin, N.J.-based retailer plans to open fewer stores, close others, and scratch a proposed second distribution center.
Comcast Tower Debuts in Philly -- Sans Tax Breaks
June 09, 2008 - Source: Philadelphia Inquirer
The cable provider's new half-billion-dollar headquarters had a grand opening last Friday, minus the many state and local tax breaks for which politicians had lobbied.
Construction of Philadelphia's Comcast Tower Generated An Estimated $2 Billion
June 06, 2008 - Source: Philadelphia Business Journal
A study also found that the tower generated 17,200 jobs.
136-Room Aloft Hotel Readying to Open Doors in September
June 05, 2008
Hotels operating under the Aloft flag, Starwood Hotels & Resorts Worldwide Inc.'s new lifestyle brand, are on target to pop up all over and on September 8th the trendy new chain will open its doors in Philadelphia.
Church & Dwight to Close N.J. Plant
June 05, 2008 - Source: Star-Ledger
The Princeton-based manufacturer of Arm & Hammer products is moving to Pennsylvania.
Aloft to Open Hotel Near Philly Airport
June 04, 2008 - Source: Philadelphia Business Journal
Billed as an urban-influenced design brand, Aloft offers a host of high-tech guest features.
Embassy Suites Emerges from Upgrade
June 03, 2008
A renovation endeavor has wrapped up at the Embassy Suites Philadelphia Center City.
In Philadelphia, Valley Forge Hotels Angle for Convention Business
June 02, 2008 - Source: Philadelphia Inquirer
Currently known for its historic attractions, Valley Forge hopes to pass Center City as a hotel and convention venue.
 

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