Investments
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Here’s What’s Coming to the New Upper Darby Community College Campus at Prendie
In September 2019, Delaware County Community College agreed to buy the former Archbishop Prendergast Catholic High School to create a new Upper Darby full-service campus. The Prendergast building at Garrett Road and Lansdowne Avenue will provide 30 classrooms with chemistry and biology labs, according to a release from the college. The campus will offer a…
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Ambler-Based Narbis Creates Smart Glasses Using NASA Algorithm To Help People Focus Better
Ambler-based Narbis has created smart glasses using a NASA algorithm to help people focus better in this age of multi-tasking, writes Taylor Craig for the Cheddar. The company’s new eyewear can detect when a wearer is distracted and train their brain to remain focused. The recently released glasses currently sell for $590 but will go…
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Universal Health Services Finds Out-Of-Network Addiction-Treatment Model Lacking, Takes Big Write-Down
King of Prussia-based Universal Health Services has written off $147 million after the business model of its recently acquired Foundations Recovery Network did not hold up, writes Harold Brubaker for The Philadelphia Inquirer. UHS paid $350 million for the addiction-treatment firm four years ago. At the time, the addiction sector was booming and the deal…
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Former Oak Hill Plaza in King of Prussia More Than Doubles Price In Latest Sale
The office property in King of Prussia formerly known as Oak Hill Plaza has been sold for $37.85 million to Bryn Mawr-based Pembroke Capital, writes Natalie Kostelni for the Philadelphia Business Journal. The four-story building, rebranded to be called by its address, 200 N. Warner Road, has more than doubled its price from May 2016.…
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Architect Named to Develop Chester Waterfront
The Boston architect firm NBBJ has been hired to create a master plan to develop the area surrounding Talen Energy Stadium and the Wharf Building along the Chester waterfront. NBBJ is a nationally-recognized architecture and urban planning firm with expertise in waterfront planning. They will work with the Riverfront Alliance of Delaware County (RADC) in…
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Hamilton Lane Moving to Conshohocken from Bala Cynwyd So Employees Can Be in One Location
Hamilton Lane has signed a long-term lease to move its Bala Cynwyd headquarters to a yet-to-be-developed Seven Towers building in Conshohocken to get its employees under one roof, writes Natalie Kostelni for the Philadelphia Business Journal. The company’s headquarters is currently housed in three buildings in Bala Cynwyd. In its search for a new home,…
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Panelists Discuss Grants, Business Loans at Norristown Chamber of Commerce October Mixer
Local industry leaders discussed their experiences with receiving grants and business loans during an October panel and mixer organized last week by Norristown Chamber of Commerce at Five Saints Distilling and International Spirits. The panel was facilitated by Elmwood Park Zoo Executive Director and CEO Al Zone. Panelists included Founder and Distiller of Five Saints…
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MCCC Offering Free Estate Planning Seminar During National Estate Planning Awareness Week
A free seminar on estate planning is being offered by the Montgomery County Community College Foundation’s Planned Giving Advisory Council in conjunction with National Estate Planning Awareness Week. “Estate Planning: 10 Stories from the Front Line” will take place on Monday, Oct. 21, from 8:00 to 10:00 AM at College Hall on Central Campus in…
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Oliver Tyrone Pulver Secures Anchor Tenant, Financing for Conshohocken $112M Office Building
With financing and an anchor tenant in place, Oliver Tyrone Pulver is now ready to start building Seven Tower Bridge, a $112 million office building in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. The 14-story riverfront building will be anchored by Hamilton Lane, which will move from its current offices in Bala Cynwyd.…
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Life at Villanova’s Commons: Dorm life was never like this
Villanova’s new dorms, The Commons, offer more than just living space. There’s two fitness centers and in 2020, the 200-seat Refectory restaurant will open, along with the Parliament Expresso & Coffee Bar, writes Melissa Jacobs for Main Line Today. A performing arts center and a five-level parking garage will follow. Villanova’s once-modest Lancaster Avenue entrance…
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Vanguard’s oldest fund keeps investors smiling
Vanguard’s oldest fund was established by Philadelphia accountant Walter Morgan, who was known for giving Vanguard founder John Bogle his start. The Vanguard Wellington Fund, which, on average, has returned 8.24 percent annually since its inception, turns 90 this year, writes Erin Arvedlund for inquirer.com. The fund is a “balanced” fund, with a mix of…
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Vanguard Innovation Studio unveils first round of products, including one aimed at 8-year-olds
The Vanguard Innovation Studio is preparing to launch its first set of “out of the box” financial products as it approaches its second anniversary, writes Jeff Blumenthal for the Philadelphia Business Journal. Vanguard created the studio as a catalyst for new ideas and products. Now, the team has finalized its first set of successful concepts…
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At current growth rate, Vanguard could one day control 30 percent of Nation’s Stock Market
Vanguard could one day own 30 percent of the nation’s stock market, if it ever reached $20 trillion in asset ownership, writes Erin Arvedlund for inquirer.com. The company has been recording massive growth for decades. Founder Jack Bogle referred to any concentration of ownership as a worrying trend and wrote that much of the stock…
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Dan David launches investigative firm Wolfpack Research LLC
Dan David is the co-founder of Skippack based company GeoInvesting. The company, which researches Chinese stocks and identifies suspected fraud, has launched a new “investigative and due diligence firm,” Wolfpack Research LLC, writes Joseph N. DiStefano of philly.com. Muddy Waters Capital LLC, founded by famous short seller Carson Block, is one of the companies backing…
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Third Annual Pottstown Investors Conference draws large crowd
More than 150 Pottstown investors, entrepreneurs, and citizens attended the Third Annual Pottstown Investors Conference organized by Hobart’s Run and held on April 12 at The Hill School’s Center For The Arts. The key message of the day – shared by panelists, speakers, and guests – was that Pottstown not only is ripe for investment…
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Pottstown Investors Conference to advance local economic development
The Third Annual Pottstown Investors Conference will be held Friday, April 12 from 8:30 a.m. to 3:30 p.m. in The Hill School’s Center For The Arts, 760 Beech St., Pottstown, Pa. This conference is geared toward real estate investors, developers, business owners, entrepreneurs, state and federal officials, and Pottstown community leaders. There is no charge to…
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Qualified Opportunity Zones come to Norristown
The Greater Norristown Corporation, in conjunction with the Norristown Chamber of Commerce and the municipality of Norristown hosted a discussion on Qualified Opportunity Zones Tuesday at the Montgomery County Intermediate Unit in Norristown. Norristown planning department director Jayne Musonye presented welcoming remarks and introduced the guest speaker, Stanley J. Kull from Saul Ewing Arstein &…
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John C. Bogle, founder of Vanguard, dies at 89
John C. Bogle, the founder of Vanguard Group and a fierce advocate for investors’ rights who revolutionized retirement savings, has died at his home in Bryn Mawr at the age of 89, write Jason Zweig and Sarah Krouse for The Wall Street Journal. Bogle achieved legendary status in the national investment community by introducing the…
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