Bala Cynwyd
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Entercom closes $1.7B deal for CBS Radio
Entercom Communications Corp. has closed its $1.7 billion acquisition of CBS Radio, in the process becoming the second largest U.S. radio company. The Bala Cynwyd, Pa.-based company now just trails iHeart Radio and has a nationwide footprint of 235 stations, including virtually all of the 25 largest markets, and has broadcast rights deals with 45 professional sports teams…
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Self-storage empire building in Bala Cynwyd
By the end of 2017 — less than one year after its first acquisition — City Line Capital LLC’s self-storage portfolio should be well over 1 million rentable square feet. And the Bala Cynwyd-based self-storage investment firm shows no signs of slowing its brisk pace for acquisitions, writes John Egan for sparefoot.com. In fact, if…
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Bala Cynwyd-based Entercom Communications approved for CBS Radio acquisition
Entercom Communications Corp. earned approval from the antitrust division of the U.S. Department of Justice to complete its $1.7 billion acquisition of CBS Radio by reaching agreements to swap stations with competitors in numerous markets, writes Jeff Blumenthal for Philadelphia Business Journal. As a result, Bala Cynwyd-based Entercom (NYSE: ETM) expects the CBS deal to close as early as Nov.…
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Betting on sports as a new investment strategy?
Susquehanna International Group has always embraced game theory, taking employees to baseball games and using poker as a tool for teaching its traders. Now the U.S. firm is betting that gambling on sports could be its next winning investment strategy, writes Kit Chellel and Annie Massa for bloomberg.com. [uam_ad id=”54865″] Susquehanna has set up a unit at its…
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Bala Cynwyd’s Entercom to sell certain radio stations
In order to obtain regulatory approval for its planned $1.7 billion acquisition of CBS Radio, Entercom Communications Corp. has agreed to divest 16 radio stations in four different cities in order to ensure regulatory approval, writes Jeff Blumenthal for the Philadelphia Business Journal. Bala Cynwyd, Pa.-based Entercom acknowledged in a Tuesday SEC filing that it had offered to divest certain stations to comply…
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Open Systems Healthcare attracts, retains, young talent
This Bala Cynwyd based companies knows the key to retaining young talent. Mark Fiato, CEO of Open Systems Healthcare, routinely sends his employees surveys to solicit feedback about working at the company. He responds to what he hears, and is particularly in tune with the priorities of his largely millennial workforce, writes Linda Moss for…
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Bala Cynwyd firm spends $28 million for Center City building
You might not think it’s possible to ‘have fun’ with a building, but that’s exactly how the former owner of the building described his sentiments about selling. Stoltz Management of Bala Cynwyd has paid $28.75 million to buy 2300 Chestnut St. in Philadelphia, writes Natalie Kostelni for the Philadelphia Business Journal. [uam_ad id=”54865″] The building…
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Bala Cynwyd’s Stoltz Real Estate Partners to Acquire Nashville Office Towers
Stoltz Real Estate Partners from Bala Cynwd is under agreement to acquire an office tower in downtown Nashville, writes Adam Sichko for Philadelphia Business Journal. The Montgomery County real estate investment firm has agreed to buy the ServiceSource Tower, one of the largest buildings in downtown Nashville for an undisclosed amount. The 20-story building is…
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MONTCO Careers – Philadelphia Insurance Companies
Headquartered in Bala Cynwyd, Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products, incorporating value-added coverages and services for select industries. Claims Assistant This position reviews and analyzes new claims for accuracy, completeness, and eligibility, prepares and maintains reports and records for processing in line with established procedures, and meets…
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Govberg Jewelers Opens $8.5M Bala Cynwyd Headquarters
Govberg Jewelers’ new Bala Cynwyd headquarters opened earlier this summer, giving its employees a spacious open plan and featuring giant sculptures of pop culture icons including Marvel’s Hulk, writes Clara Lefton for Philadelphia Business Journal. The new headquarters, which cost $8.5 million, is at 166 E. Levering Mill Road. It is already home to 85…
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MONTCO Careers – Susquehanna International Group
Headquartered in Bala Cynwyd, Susquehanna International Group is a global quantitative trading firm founded with an entrepreneurial mindset that commits its own capital to trade financial products around the world. Financial Accounting This position prepares and reconciles financial statements and general ledgers for assigned entities, develops consolidated financial reporting projects, tax projections, and various internal valuations, and…
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Bala Cynwyd’s Stoltz Real Estate Partners Buys Nashville Property for $28.3M
Stoltz Real Estate Partners from Bala Cynwyd has paid $28.3 million for ‘The Sheds on Charlotte’, an office and retail development in Midtown Nashville, writes Getahn Ward for Tennessean. The purchase comes almost a year after the Montgomery County real estate fund manager acquired The Stahlman and The Lofts apartment complexes in downtown Nashville. [uam_ad…
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Princeton University Tour Pays Homage to Bala Cynwyd’s Hobey Baker
Princeton University’s tour across the nation that visits sites of famous alumni makes a stop in Bala Cynwyd to pay respect to Hobey Baker, the celebrated hockey player who studied there at the beginning of last century, writes Mark F. Bernstein for Princeton Alumni Weekly. Baker, who graduated from Princeton in 1914, is the only…
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Bala Cynwyd’s WCAU Television Studio Building on Lower Merion Conservancy’s 2017 WatchList
Bala Cynwyd’s WCAU Television Studio Building is among the historic properties on this year’s Lower Merion Conservancy’s WatchList, according to a staff report from Mainline Media News. For over two decades, Lower Merion Conservancy has published the WatchList. This helps protect historic properties in Lower Merion and Narberth under threat of demolition, neglect, or development.…
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Bala Cynwyd Touch-Screen Kiosk Offers More Options to Patrons of Local Jewish Federation Food Pantry
A touch-screen kiosk in Bala Cynwyd is one of the newly implemented technologies offering more options to clients of the food pantries of the Jewish Federation of Greater Philadelphia, according to a staff report for Jewish Exponent. Before the touch-screen kiosks, people visiting one of the nearby Jewish Federation food pantries would be given a…
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Vermont Town Challenges Bala Cynwyd as Home to America’s First Boy Scout Troop
A Boy Scout historian in Barre, Vt., is leading an effort to complete a piece of art commissioned more than seven decades ago honoring one of the nation’s first Boy Scout troops, writes Wilson Ring for the Associated Press. The granite statue of a scout carrying a person on his shoulders was incomplete at the…
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One of America’s Most Elite Purveyors of Luxury Watches Moves HQ to Bala Cynwyd
Govberg Jewelers‘ new headquarters has officially opened in Bala Cynwyd, following 18 months of intensive renovation, construction, and reimagined services to support luxury watch consumers. With an investment of $8.5 million dollars, Govberg’s new 20,000-square-foot building offers an innovative, shared workplace that unites departments previously spread between five facilities: Govberg’s pre-owned watch division, marketing, technology,…
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Cross Properties Aims to Breathe New Life into Bala Cynwyd’s Main Street
Cross Properties is hoping to revive Bala Cynwyd’s main street with a more than $100 million investment in three big residential and retail developments, writes Dan Geringer for Philly.com. Kevin Michals, managing partner of Cross Properties, said that the company has acquired 20 properties on the nearly deserted North Bala Avenue for mixed residential and…
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