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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. The six-story building at 1619 Walnut Street is mostly-vacant and saw a 70 percent decline in its sale compared to the $19.2 million New York-based Nuveen Real Estate paid in…
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Popular Hot Chicken Chain Opens Second Bucks County Location in Warminster
After a successful debut in Bucks County with the opening of the Bensalem location in July 2023, Asad’s Hot Chicken is now expanding its local footprint to include Warminster, writes Dino Ciliberti for the Patch. The new eatery at 348 York Road in a shopping center opened on Friday, January 23, and the first 15…
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PNC Bank to Require Employees to Return to Office Full-Time in May
PNC Bank, the third largest bank in the Greater Philadelphia region, has made the decision to require its employees to return to the office five days a week, effective May 4, 2026, writes Patty Tascarella for the Philadelphia Business Journal. “PNC has always been an in-office company,” PNC CEO Bill Demchak said in the memo. “It’s not…
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Find Out How Comcast NBCUniversal LIFT Labs Identifies AI Startups Redefining Technology
As director of pipeline and insights for Comcast NBCUniversal LIFT Labs, Tito Obaisi has refined a disciplined and intuitive method to be able to spot the AI startups that are redefining the tech industry, writes Grace Shallow for Technical.ly. Founded in 2018, LIFT Labs has facilitated long-term partnerships between startup founders and Comcast leaders. Recently,…
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Four Seasons Philadelphia Unveils New $25K-Per-Night Sky Garden Penthouse Suite
Four Seasons Philadelphia at the Comcast Technology Center has unveiled a new collection of rooms on the 45th floor, including a Sky Garden penthouse suite that is priced at $25,000 per night, writes Michael Tanenbaum for PhillyVoice. In addition to the 4,000-square-foot penthouse suite with a private terrace, the Sky Garden features four guest rooms…
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Center City Office Building Heads to Open Market As Foreclosure Process Nears End
The 1700 Market Street office building in Center City is being placed on the market as its yearslong foreclosure process nears its end, writes Paul Schwedelson for the Philadelphia Business Journal. Cushman & Wakefield, the receiver for the Center City building, is responsible for marketing and selling the 32-story property that is currently owned by…
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Center City’s Largest Apartment Tower Goes Up for Sale Again After 4 Years
Center City’s largest apartment tower, on 1500 Locust Street, is back on the market four years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 605-unit, 45-story building was acquired by New York real estate firm Fairstead and Minneapolis investment company Castlelake for $233 million back in December 2021. It…
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Penn and BioNTech Partner on New $50M Fund for Early-Stage Life Sciences Companies
The University of Pennsylvania and global biopharmaceutical company BioNTech have launched a $50 million fund to support early-stage life science companies emerging from the university, writes Sarah Huffman for Technical.ly. The Penn-BioNTech Innovative Therapeutics Seed (PxB) Fund will be managed by local venture firm Osage University Partners. “[The fund] will allow us to move faster…
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Philadelphia-Based Gopuff Could Soon Complete IPO After $250M Fundraising Round
Gopuff recently reached $250 million in fundraising, giving it a 96 percent probability of completing an initial public offering, writes Ryan Mulligan for the Philadelphia Business Journal. Its near lock of complete an initial public offering is according to a new Pitchbook report. This is one of the highest rates in the nation for venture…
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Temple University Pays $8 Million for Former McDonald’s Site Adjacent to Its Sports Complex
Temple University has purchased the former McDonald’s site at Broad Street and Girard Avenue, next to Temple University Sports Complex, for $8 million, writes Ryan Mulligan for the Philadelphia Business Journal. The fast food restaurant that once occupied the lot was demolished in 2023. This acquisition continues a series of deals the university has pursued…
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Greater Philadelphia Will Be Among Hottest Housing Markets for 2026, Zillow Predicts
Greater Philadelphia ranks in the top ten hottest housing markets for 2026, according to Zillow’s recently released annual forecast, writes Ryan Mulligan for the Philadelphia Business Journal. The analysis evaluates the nation’s 50 most populous metro areas using an index based on projected home value appreciation, time homes spent on the market last year, the…
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New $11.5M Project Aims to Beautify Philadelphia in Preparation for 250th Birthday Celebrations
Mayor Cherelle Parker has announced a partnership between the city and various other partners on a new $11.5 million project to beautify key access points into Philadelphia, writes Tom MacDonald for WHYY. The new beautification project is both in preparation to welcome the world to Philadelphia to celebrate America’s 250th birthday and part of the…
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Recent Court Ruling and Venezuelan Upheaval Could Transfer 300-Acre Delaware River Island to Trump Donor
The recent U.S. court rulings and political developments in Venezuela could end up with the transfer of ownership of New Jersey’s Petty’s Island from Venezuela to investor and conservative donor Paul Singer and his Elliott Investment Management, writes Rich Calder for the New York Post. The 300‑acre island in the Delaware River, known for its…
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Philadelphia Region Expects $1 Billion of Economic Impact from Tourism Blitz in 2026
The Philadelphia region could see an estimated $1 billion of economic impact in 2026 from the surge in tourism that is being driven by some of the world’s largest events, writes Mike D’Onofrio for AXIOS Philadelphia. Over one million visitors are projected to attend 22 events in Philadelphia and the surrounding area this year, including…
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Discover Some of the Best Airbnbs in Philadelphia
While Philadelphia has many excellent Airbnb choices ready for the busy 2026 season, some stand out for their exceptional amenities, decor, and prime location, write Maddy Sweitzer-Lamme and Jessica Sulima for Condé Nast Traveler. Whether visitors are coming to celebrate America’s 250th birthday, the FIFA World Cup, NCAA March Madness, the MLB All-Star Game, or…
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The Shops at Liberty Place, Center City Retail Space, Go Up for Sale
The Shops at Liberty Place, a retail space within the Liberty Place mixed-use complex in Center City, is now up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Chicago-based Metropolis Investment Holdings owns the two-level shopping center at 1625 Chestnut Street, as well as the attached One Liberty Place, a 61-story, 1.1 million…
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Iconic 30th Street Station in Philadelphia Set to Receive Preservation-Led Makeover
Philadelphia’s iconic William H. Gray III 30th Street Station, widely regarded as one of the most beautiful Amtrak stations, is undergoing a makeover to restore its historic grandeur while adding some modern updates, writes Felix Ngeso for The Travel. Guided by a preservation first philosophy, the renovation seeks to maintain the historical details while upgrading…
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Philadelphia’s 2025 Homicide Total Was City’s Lowest Since 1966
Philadelphia recorded the lowest number of homicide victims in 2025 since nearly 60 years ago, writes Kristen Johanson for KYW Newsradio. Philadelphia Police Commissioner Kevin Bethel reported that the city and police department saw 222 homicides last year. This marks the first time the city saw fewer than 230 homicide victims since 1966. “Being able…
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