Commerce
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Gates of Stoneleigh Estate to Be Opened to the Public
The Stoneleigh mansion and 42 acres of beauty in Lower Merion Township will soon be home to a public garden protected by the Natural Lands Trust. Stoneleigh, a Haas family legacy since 1934, has been gifted to the 60-year-old regional conservation organization for the benefit of the community. Initial plans include the occupation of the…
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Regulators Snatch Keys of KOP’s Failed First CornerStone Bank
State and federal regulators have shut down the distressed King of Prussia-based First CornerStone Bank, writes Jeff Blumenthal of the Philadelphia Business Journal. First Citizens Bank & Trust Co., a subsidiary of Raleigh, N.C.-based First Citizens BancShares, have assumed all of First CornerStone’s $101 million in deposits and $103 million in assets. First Citizens will…
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Warmer Weather Brings Lighter Menu Items to Saladworks
As the warmer weather pushes jackets back in the closet, restaurants are adjusting their menus with a selection of lighter items such as seasonal salads and fish based dishes, writes Nation’s Restaurant News. “People are feeling like, I cannot hide under my parka anymore,” noted Patrick Sugrue, President and Chief Executive of Saladworks. “They are dressing…
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Bryn Mawr Bank Earnings Report Boosts Main Line Financial Pillar Above Angsts
A strong first quarter of earnings is helping the parent company of Bryn Mawr Trust rise above doubts surrounding the longtime local bank’s future. Bryn Mawr Bank Corp. has endured underperformance, accusations of compliance issues and an abrupt stock loss over the past year as it has attempted to assimilate the recent acquisitions of Davidson…
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Montgomery County Briefs: Entenmann’s, Willow Grove Fairfield Inn, National Philanthropic Trust, and ASTM Plastics
Here’s a quick rundown of the news in Montgomery County: Entenmann’s Expands Little Bites Line with Snack Bars Entenmann’s, whose corporate headquarters are located in Horsham, has announced a new extension to its popular Little Bites line. The new Little Bites Snackin’ Bites are portable, pre-packaged, soft baked mini bars for families’ on-the-go-needs. The new…
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Bryn Mawr Hospital to Break Ground on Patient Pavilion in Ceremony Today
Officials from the Bryn Mawr Hospital will break ground for a new patient pavilion in a ceremony today scheduled for 8:30 AM. The $200 million pavilion will be 200,000 square feet and will enhance the community for future generations. Other improvements to the hospital will include: All private patient Rooms Two new medical/surgical telemetry units…
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Bryn Mawr’s Knit Wit and Skirt Among Philadelphia Magazine’s Top Shops
In an age of Amazon, of big-box behemoths and, soon, of drones that will plop packages, stork-like, on doorsteps, Philadelphia Magazine compiled a list of the best independent boutiques that are redefining the shopping experience. Bryn Mawr’s Knit Wit and Skirt were two of the 50 recognized. The best stores are breathing new life into…
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Bike and Pedestrian Friendliness Are Big Factors for Home Marketability
Studies by the U.S. Census Bureau and the Urban Land Institute put walking and bicycling atop the list of alternatives to the automobile. Therefore, it should come as no surprise that bike and pedestrian friendliness are big factors in home marketability, writes Alan Heavens of the Philadelphia Inquirer. “While parking is still a valuable amenity,…
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The ‘New’ King of Prussia Championed as Walkable Suburbs
A recent report in Philadelphia Magazine championed King of Prussia and its adapting to the preferences of the millennial and baby-boomer urbanites as the model for a walkable suburb. LOCUS, an affiliate of Smart Growth America, is an advocacy group consisting of developers committed to producing more sustainable communities. It noted King of Prussia’s ability…
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Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
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Home Values in Conshohocken, Oreland, and Glenside Skyrocket Since 2004
The overall housing market in the United States has recovered from the crisis that plunged the country into recession. But a new analysis by The Washington Post shows that the recovery has been deeply uneven along lines of race, income, and geography. The data indicates that, in Montgomery County, the Conshohocken, Oreland, and Glenside zip…
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Arbitrator Rules Against Lower Merion Township in $900K Library Project Dispute
Lower Merion Township will have to pay out an additional $900,000 for the Ludington Library project after an arbitrator recently ruled against it in a long-running dispute with contractors. The library has been re-opened for nearly four years now, writes Richard Ilgenfritz of Mainline Media News. The final tally of the renovation costs is now…
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Valley Forge Tourism & Convention Board Launches Destination Montco Golf
As part of National Travel and Tourism Week, the Valley Forge Tourism & Convention Board has launched its latest brand: Destination Montco Golf. The initiative – comprising a multifaceted ad campaign, golf-centric website and social media component – is designed to attract players to 54 of the most historic, scenic, and challenging holes in the…
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PennSuburban Chamber, Kieffer’s Appliances Host 2nd Culinary Competition
The PennSuburban Chamber of Greater Montgomery County recently hosted the second annual Chairman’s Reception and Culinary Competition at Kieffer’s Appliances, writes Stephen Pileggi of Digital First Media. According to Pileggi, the evening primarily served as a networking opportunity for chamber members to interact with their peers and form new connections with local restaurants and chefs.…
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KOP’s Greenphire Flourishes as Clinical-Trial Payment Manager
King of Prussia’s Greenphire, a company that develops and markets clinical trial payment management and data analytics software, was recently profiled in the Philadelphia Business Journal for its success in the industry. Founded in 2008, Greenphire was acquired by Riverside Co., a New York-based private equity firm, in early 2015. The company employs 95 people,…
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Glenside’s Solar Light Company Releases New Line of Touch Screen Controllers
Glenside-based Solar Light Company – a leading global provider of solar simulators, UV transmittance analyzers, and radiometers – has released a new line of DCS-2 Touch Screen Controllers. These controllers/meters have a new slim design and color scheme that matches the company’s new and existing simulators, one of which specifically includes the 601 v.2.5 model.…
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Fort Washington’s Kappa Media Acquires Wisconsin Printer
Fort Washington’s Kappa Media has acquired the business, assets, and printing facility of Times Printing in Random Lake, Wisc., writes Erik Cagle of Printing Impressions magazine. Times Printing is a full-service provider of color printing services for magazines, catalogs, and other publications. The new entity will continue to do business as Times Printing and will…
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KOP’s Hyatt Place Acquired for $13 Million; Renovations Planned
King of Prussia’s Hyatt Place hotel has been acquired for $13 million by DoveHill, a real-estate investment firm, and its partner, Wurzak Hotel Group, writes Kenneth Hilario of the Philadelphia Business Journal. Wurzak, which has operations in Philadelphia and now has a portfolio of five hotels in the area, assumed management of the 129-room hotel,…
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