Center City
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Comcast Fights Back to Keep Internet Customers with New Guarantees and Perks
Philadelphia-based Comcast has been exploring ways to reverse its internet customer exodus, which includes price guarantees and a free mobile line, writes Lizzy McLellan Ravitch for The Philadelphia Inquirer. For years, Comcast has been losing more cable customers than it has been adding, and more recently, it has also started losing broadband internet customers. The…
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WSJ: Comcast Reports Q2 Revenue Growth Driven By Xfinity Mobile Surge, Orlando Theme Park Opening
Comcast has reported second quarter revenue growth, driven by a rise in Xfinity Mobile subscribers and the opening of a new theme park in Orlando, writes Josie Reich for The Wall Street Journal. Revenue increased by 2.1 percent compared to the same period last year, reaching $30.3 billion and surpassing analyst expectations. Adjusted profit also…
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Philadelphians Fight to Save the Wanamaker Holiday Experience. Join in the Fun.
You know, two people yelled at me this week. But what I read in The Philadelphia Inquirer absolutely and wonderfully made up for it. A plan is taking shape to maintain the Wanamaker Christmas Light Show and Dickens Village. Does anybody else hear Queen singing “We are the champions, my friends…”? No? Just me? That’s…
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Comcast Increases Peacock’s Monthly Rates, Its Biggest Since Launch
Comcast recently announced it is raising the price of Peacock to subscribers, effective July 23, writes Lucas Shaw for Bloomberg. As of July 23, Peacock will be raising its price by $3 a month for new customers, representing a nearly 38 percent increase. New subscribers who have the version with advertisements will see their monthly…
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Boyds’ Andrew Gushner Talks Summer Style, Vacation Essentials
Summer is here, and Boyds is well prepared with plenty of seersucker, including sport jackets, shirts, and bottoms, said Andrew Gushner, the fourth generation at the family-owned Philadelphia store, writes Kristin Detterline for Philadelphia Magazine. Vintage-style polos are currently trending, with top selections coming from Gallia, Daniele Fiesoli, Brunello Cucinelli, and ISAIA. But when it…
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Comcast and 76ers Team Up to Purchase Market East Buildings, Eyes Revitalizing Struggling Corridor
Comcast and the Philadelphia 76ers are no strangers to working together, and their latest partnership is part of an effort to revitalize the struggling Market East corridor in Center City, writes Aaron Moselle for WHYY. The two entities recently got together to acquire the 920-938 Market Street and 1000-1024 Market Street properties, respectively. According to…
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Wanamaker Building Conversion to Include Several Attractive Features and Amenities
Just over a month after officially completing its acquisition of the Wanamaker Building, TF Cornerstone has provided more details on what its conversion will look like, writes Noah Zucker for BisNow. The city recently issued a permit for the project. The permit unveils plans for the development. This includes two rooftop decks and a swimming…
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Wall Street Journal: Comcast Selling Sky Deutschland to Germany Media Group in $617M Deal
Comcast has announced it is selling Sky Deutschland to RTL Group, which is part of German media group Bertelsmann, write Najat Kantouar and Adrià Catatayud for The Wall Street Journal. This $617 million deal, to which RTL will pay up to 527 million euros, comes amidst the growth of streaming platforms in media company throughout…
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TF Cornerstone, Now Sole Owner of Historic Wanamaker Building, Reveals Conversion Plans
New York City real estate developer TF Cornerstone has officially solidified its full ownership of the historic Wanamaker Building in Center City, writes Noah Zucker for BisNow. After initially purchasing the building’s first three floors in 2019, the developer later acquired the fourth through 12th floors and 660 parking spaces in its underground garage last…
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Philadelphia’s Oldest Tavern Expands with New Center City Retail Store
McGillin’s Olde Ale House has expanded its footprint with a permanent retail store in Center City, just one block away from the 165-year-old bar and restaurant, writes Emma Dooling for the Philadelphia Business Journal. The 500-square-foot space is near the site where McGillin’s operated its temporary Holiday Pop Up Shoppe for the past two years.…
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1,100 New Apartments to be Added to Center City As Office Conversion Projects Continue
Center City is preparing to add more than 1,100 new apartments as countless office-to-residential conversion projects continue to take place throughout the area, writes Paul Schwedelson for the Philadelphia Business Journal. Through these projects, Philadelphia gets to address the dropping office vacancy rate while also increasing the city’s tight housing supply simultaneously. “In some cases,…
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See How Comcast CEO Brian Roberts’ 2024 Compensation Compared to Previous Year
Comcast Corp. CEO Brian Roberts saw a noticeable 4.5 percent drop in his 2024 pay, writes Ryan Mulligan for the Philadelphia Business Journal. His pay in 2024 was $33.86 million compared to $35.47 million in 2023, according to Comcast’s annual proxy report. Roberts’ 2023 compensation was his highest in four years at the point. Between…
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Peirce College Announces Patty Jackson As 2025 Commencement Ceremony Keynote Speaker
Peirce College is honored and excited to announce that Patty Jackson, WDAS radio personality and Philadelphia legend, will be the keynote speaker for the 2025 Peirce College Commencement Ceremony! Jackson will address graduates at the College’s 160th Commencement Ceremony, to be held at the Miller Theater in Center City Philadelphia. A proud South Philadelphia native,…
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Philly-Headquartered Macquarie Acquired By Japan-Based Investment Company, Plans to Make City a Hub
Nomura, one of the largest investment companies in Japan, has agreed to buy Australia-based Macquarie’s U.S. investment management arm along with two smaller European affiliates for $1.8 billion, writes Joseph N. DiStefano for The Philadelphia Inquirer. The acquired companies manage $180 billion worth of stocks and bonds for individual investors, insurance companies, and other institutions.…
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Vast Collection Prominently Featuring Reading Terminal Market Finds Permanent Home at Penn Libraries
A one-of-a-kind collection — notable for its size, scope, and prominent focus on Philadelphia’s historic Reading Terminal Market — has found its new permanent home at the Penn Libraries, writes Louisa Shepard for Penn Today. Acquired by David K. O’Neil, a Penn alum who managed operations at Reading Terminal Market for a decade, the collection…
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Nike’s Jordan Brand World of Flight Store One Step Closer to Opening Planned Center City Store
A major hurdle has been cleared in regards to Nike’s plan of opening a new World of Flight store in Center City, writes Michael Tanenbaum for PhillyVoice. The city recently approved the changes the company had proposed to make to the Walnut Street storefront in which the business will operate. The planned Philadelphia store would…
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Center City District Officials Credit These Two Factors for Helping Revitalize Downtown Philadelphia
Five years after the pandemic, Center City District is continuing its revitalizing efforts and these efforts have been boosted by two key factors, writes Conner Barkon for KYW Newsradio. Thanks to new housing that has been constructed in the area, there has been a boost in population that has helped greatly. According to Philadelphia Department…
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Insurance Giant to Join Center City Skyline With New 18-Story Philadelphia Headquarters
Chubb, the insurance giant, is set to be the newest member of Philadelphia’s skyline in Center City, writes Ryan Sharrow for the Philadelphia Business Journal. Parkway Corp. is developing a new 18-story, 438,000-square-foot headquarters for Chubb, which is expected to be completed in the second quarter of 2026. The insurance giant is expected to have…
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