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OpenTable Lists Four Philadelphia Restaurants Among 100 Best in America
OpenTable has released its Top 100 Restaurants in America list for 2025 and four Philadelphia restaurants have found their way onto it. The annual ranking is based on insights and reviews from OpenTable users. The four Philadelphia restaurants to make the list are Fiorella, Mawn, Parc, and Saloon Restaurant. Fiorella, led by Chef Marc Vetri…
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Lawsuit Filed Against Company That Operated Medical Jet That Crashed in Northeast Philadelphia, Killing 8
A lawsuit has been filed against Med Jets, the company that operated the medical jet that crashed in Northeast Philadelphia on January 31, write David Chang, Ali Ingersoll, and The Associated Press for NBC10 Philadelphia. The crash killed eight individuals — all six on board and two others on the ground — and injured nearly…
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Philadelphia-Based Gopuff Raises $250M to Go Towards AI Investment, Expansion Plans
Philadelphia-based Gopuff recently raised $250 million, signifying the company’s strongest financial position in its nearly 13-year history, writes Ryan Mulligan for the Philadelphia Business Journal. This comes after a number of business decisions to slim down operations, including administering several layoffs after a rapid growth period that saw Gopuff’s valuation reach as high as $15…
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Former Famous Dave’s CEO Acquires Multiple Iron Hill Brewery Sites, Including One Philadelphia Location
Jeff Crivello, the former CEO of Famous Dave’s, plans to buy 10 Iron Hill Brewery & Restaurant locations, including one in Philadelphia, writes Emma Dooling for the Philadelphia Business Journal. During a recent U.S. Bankruptcy Court hearing in New Jersey, Judge Jerrold N. Poslusny Jr. approved the sale of the regional chain’s assets and leases…
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Temple University Moving Forward with $35 Million Terra Hall Renovations
Temple University is moving forward with plans to turn Terra Hall on South Broad Street into a vibrant hub for education, collaboration, and innovation, writes Ryan Mulligan for the Philadelphia Business Journal. Temple purchased the landmark former University of the Arts property earlier this year for $18 million and has approved a $35 million renovation…
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Bank of New York Mellon to Relocate, Significantly Reduce Philadelphia Office Space in 2026
The Bank of New York Mellon Corp. is planning to vacate its longtime namesake building in Center City as it reduces its Philadelphia office space, writes Paul Schwedelson for the Philadelphia Business Journal. Currently located at 1735 Market Street, the financial services firm plans to relocate to the One Logan Square building along the Benjamin…
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WSJ: Philly Shipyard Faces Tough New Task in Ongoing Mission to Revive U.S. Shipbuilding
Hanwha Philly Shipyard, acquired by a South Korean firm last year, has a new objective in its mission to revive U.S. shipbuilding: producing a nuclear-powered submarine for the first time, writes Timothy W. Martin for The Wall Street Journal. Even before taking on its latest project, Philly Shipyard was already at the heart of President…
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Philadelphia Phillies End Oak View Group Partnership to Launch New Vendor at Citizens Bank Park
The Philadelphia Phillies plan to part ways with global venue management company Oak View Group at Citizens Bank Park, choosing not to renew the operations contract once it expires at the end of the year, writes Emma Dooling for the Philadelphia Business Journal. Denver-based Oak View has 522 employees at Citizens Bank Park, 500 of…
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Mayor Parker Launches New Task Force to Revitalize, Renew Struggling Market East Corridor
Mayor Cherelle Parker and her administration have announced the formation of the Market East Advisory Group, tasked with renewing Market East, write Joe Brandt and Natasha Brown for CBS News Philadelphia. The new task force is a partnership between Comcast, the Philadelphia 76ers, the Fashion District’s owner Macerich, Brandywine Realty Trust, Thomas Jefferson University, Visit…
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University of Pennsylvania Marks Strongest Endowment Growth Since 2021, Nears $25 Billion
The University of Pennsylvania reported a 12.2 percent return on its endowment for fiscal 2025, bringing the total value to $24.8 billion, writes Ryan Mulligan for the Philadelphia Business Journal. The $2.5 billion year-over-year increase marks Penn’s strongest endowment growth since fiscal 2021, when its value surged by nearly $6 billion in the wake of…
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CHOP Doctors Save Toddler’s Life With First-Of-Its-Kind Surgical Intervention
A group of doctors at the Children’s Hospital of Philadelphia recently pioneered a new surgical intervention that helped save a toddler’s life, write Stephanie Stahl and Casey Kuhn for CBS News Philadelphia. Their medical intervention allowed the child whose heart was failing fast live 9 months without a heart. Dr. Katsuhide Maeda of CHOP said…
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Comcast Shares Decline As Broadband Subscriber Numbers Continue to Drop
Comcast has seen its shares drop as its number of broadband customers has declined for the 10th straight quarter, writes Kelcee Griffis for Bloomberg. In this past quarter, the Philadelphia-based cable and media conglomerate reported a loss of 140,000 broadband subscribers. While a significant number, it is much fewer than the 140,000 predicted by analysts.…
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Ten Penn Center Sold in $30M Deal, Conversion Project to Follow
The sale of Ten Penn Center is now complete, closing a $30 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. PMC Property Group acquired the 27-story, Center City building from a partnership between two firms, Sterling Equities in New York and Greenville Partners based in West Chester. This sale close comes more than…
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Wall Street Journal: Amazon Shaking Up Whole Foods with Backroom Robots
Amazon is rolling out a new backroom system at a local Whole Foods Market that could redefine the chain’s natural-food image by adding more mainstream food options, writes Owen Tucker-Smith forThe Wall Street Journal. The Plymouth Meeting store may be among the first to deploy ShopBots, robots designed to retrieve items like Doritos, Tide Pods,…
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Venture for America, Comcast Roles Help Cheltenham Woman Pivot Into Dream Job Investing in Startups
Antonia Dean, a Cheltenham resident, secured her dream role after gaining experience at Venture for America and Comcast, where she developed programs to support local startups, writes Sarah Huffman for Technical.ly. Today, Dean is a partner at Black Operator Ventures, a seed-stage venture firm where she focuses on investing in companies others might overlook. Dean,…
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Orchestra Life Sciences Headquarters Moving from Canada to Philadelphia Navy Yard with Planned Expansion
Orchestra Life Sciences is moving its headquarters from Montreal in Canada, to the Philadelphia Navy Yard as it prepares for rapid growth, writes John George for the Philadelphia Business Journal. The firm, which supports pharmaceutical and biotechnology companies developing therapies for cancer and rare diseases, currently has more than 60 employees around the world and…
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Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson for the Philadelphia Business Journal. The investors who have acquired the iconic Spanish baroque buildings plan to make capital improvements to the property, hoping to enhance its tenant value. “We…
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Tattered Piece of Cloth Found at Goodwill That Turned Out to Be Historic Now Displayed at Philly Museum
Richard “Dana” Moore, a digger and amateur collector, first ran into a listing for a scrap of fabric claiming to be a piece of George Washington’s Revolutionary War tent while going through Goodwill’s listing of historic documents two years ago, writes Peter Crimmins for WHYY. “There was no proof,” said the Virginia man. “There was…
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