Delaware’s governor John Carney has announced the expansion of the state’s Hospitality Emergency Loan Program (H.E.L.P.) to lend a hand to industries being jolted by the world’s most recent crisis-of-the-day, and will be aiding personal care services. https://t.co/2oaLwMsdTT
EcoTech Marine has confirmed its lease of about 50,000 SF of a building currently under construction at the Lehigh Industrial Park VII. The building began construction in the fall and should be completed by the fourth quarter of this year. https://t.co/V2cvFutJxD
A medical cannabis company called Columbia Care has acquired a 50,000 SF vacant warehouse in Vineland. The company already has “plants in the ground” and is investigating wholesale options ahead of its first harvest. https://t.co/oKxwvo4e79
The PES refinery continued to emit concentrations of benzene far above the EPA’s limit for half a year after the shutdown, according to a new investigative report published by American University - more than five times the EPA limit. https://t.co/RX4h7gxqQ7
The municipal government has extended its window for residents and businesses to fork over their tax dollars. The City is encouraging those who can pay the tax by March 31st to do in order to ensure the continuity of city and school district operations. https://t.co/sMd8KDm1U0
Jeff Algatt and Fred Null assisted with the sale of a four-story Crayola marketing center and a two-story former firehouse. The Crayola building was formerly a crayon creation site, powered by waterwheels turned by the storied Bushkill Creek. https://t.co/gmunn9nkkN
Fueled by a combination of cutting-edge biotechnology innovation and an in-demand luxury multifamily sector, Philadelphia's solid rent growth and moderate dips in cap rates generated positive returns for investors in 2019. https://t.co/bUwqWzcKKn
The Federal Energy Regulatory Commission has granted a two-year extension for a natural gas pipeline between Pennsylvania and New Jersey, headed by PennEast Pipeline. The company plans to finish the pipeline in two phases, in 2021 and in 2023. https://t.co/hy3395nvRk
After a chorus of objections from South Philadelphia, Safehouse has hit the brakes for the opening of its new injection site at Constitution Health Plaza. The organization’s vice president stressed that they have every legal right to open the facility. https://t.co/RAeXwajVW3
The FTC has blocked the merger of Jefferson Health and Einstein Health Network, citing issues of monopoly pricing power within the region. The combination would have allowed Jefferson and Einstein to control 60% of inpatient services in north Philadelphia. https://t.co/X1TvfNWTaI
Scott Horner and Derek Zerfass have brokered a new lease for Captured LV Escape Room, a popular attraction which originally opened in downtown Bethlehem and is now taunting players with its puzzles in a second location. https://t.co/PLYKn5QGZd
Amazon has approached the Delaware Strategic Fund to request $4.5 million for the development of a distribution and fulfillment center in Wilmington. The distribution center would be the third in New Castle County for the ecommerce kingpin. https://t.co/wOzcWupr41
City officials were recently notified about the highly probable end of inpatient services at Mercy Hospital, which may terminate these services by mid-August after providing its community with healthcare operations for over 100 years. https://t.co/BniCZ5vBM1
Logan Capital has finalized its relocation to a new office space at the Ellis Preserve office complex in Newtown Square, occupying a more modern and energy-efficient space. The firm saw noticeable growth in 2019 due to two significant acquisitions . https://t.co/lpY8HQbknC
The Fresh Grocer on 40th and Walnut is shutting its doors after nearly 20 years in business. The closure of the market has left students in disarray, as for many, it provided an immense amount of culinary resources which will now be difficult to find. https://t.co/3HocWdN3Dw
Pier 1 has officially filed for bankruptcy, the latest development in its financial woes, as it pursues a sale of the company. The company expects that any funding will provide sufficient liquidity to support reduced operations and its sale process. https://t.co/PM0Kyjdj3s
A New Jersey construction company has purchased the Rosenn Jenkins & Greenwald law firm building in Wilkes-Barre. Jeff Algatt mentions that “new development…will begin to cater to all the people living in this nice little cluster." https://t.co/paVSnf0E8Y
Evan Zweben helped facilitate the sale of CPI’s 6,700 SF free-standing office building at 513 Centennial Boulevard, and secondly, he aided in the carefully coordinated lease of 1010 Haddonfield Berlin Road in the nearby Laurel Oak Corporate Center. https://t.co/DqJy0GZGxO
CoStar has agreed to the $588 million purchase of the bankrupt company RentPath. Providing digital marketing services to the apartment industry, its websites host an average of 14 million unique visitors each month. https://t.co/hgE1j6DdFT
The sale of the Philadelphia Energy Solutions complex to Hilco Redevelopment Partners has received the blessing of a U.S. Bankruptcy Court judge. Included within the reorganization is a $29 million settlement with the company’s unsecured creditors. https://t.co/rBqqjVHqBQ