Bala Cynwyd
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Bala Cynwyd Billionaire Backs TikTok with Help from Former Trump Administration Officials
Bala-Cynwyd-based Jeffrey Yass is working with former Trump administration officials to keep TikTok in the American markets, writes Layla A. Jones for The Philadelphia Inquirer. Yass’s trading firm, Susquehanna International Group reportedly owns a 15 percent stake in TikTok’s parent company, ByteDance according to the Wall Street Journal. Yass is Pennsylvania’s richest person with an…
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Bala Cynwyd Billionaire Jeff Yass Gives Additional $4M to Greg Abbott’s Campaign
Following a record donation of $6 million in December, Bala Cynwyd billionaire Jeff Yass has given another $4 million to Governor Greg Abbott’s campaign, writes Annie Massa for Bloomberg. The December contribution was the largest single political donation in Texas’ history. The co-founder of Susquehanna International Group made the latest contribution in April. The donation…
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London Biotech Firm Acquires Bala-based SwanBio, Launches Spur Therapeutics
Freeline Therapeutics, a London-based biotechnology company, has acquired SwanBio, a gene therapy firm based in Bala Cynwyd, writes John George for the Philadelphia Business Journal. The newly formed entity will operate under the name Spur Therapeutics. The financial details of the acquisition remain confidential. The deal was facilitated by Syncona, the majority investor in…
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Bala Cynwyd-Based Larimar Therapeutics Chosen for FDA’s START Pilot Program
The Food and Drug Administration has selected Bala Cynwyd-based Larimar Therapeutics’ lead drug candidate for its new program inspired by the Operation Warp Speed initiative, which was used for the rapid approval of COVID-19 vaccines, writes John George for the Philadelphia Business Journal. Larimar’s Nomlabofusp, an experimental therapy for Friedreich’s ataxia, will be the focus…
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Ironworks at Pencoyd Landing Expands with The Pump House Event Venue
Ironworks at Pencoyd Landing in Bala Cynwyd is home to a new, 12,000-square-foot event venue with a food program from acclaimed chef Nick Elmi, writes Ariana Perez-Castells for The Philadelphia Inquirer. The Pump House is the latest project from Elmi, restaurateur and designer Fia Berisha, and cofounder of Penn Group Donna Galvin. Ironworks at Pencoyd…
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Sports Radio Icon John Kincade Urges Fans to Support Cancer Research After Third Victory
After beating cancer for the third time, Bala Cynwyd sports radio icon John Kincade of 97.5 The Fanatic is encouraging his fans to support cancer research, writes Matteo Iadonisi for 6 ABC. Less than two years after recovering from Hodgkin’s lymphoma, the Kincade and Salciunas show host was diagnosed with testicular cancer. The…
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New Owners of Bala Plaza Office Campus Considering Seven New Development on Property
The new owners of Bala Plaza, New York’s Adjmi family and New Jersey-based FLD Group, have big redevelopment plans for the Bala Cynwyd office campus, writes Paul Schwedelson for the Philadelphia Business Journal. The plans include seven new developments on the property, including a hotel, apartment buildings, and a retail center. The new owners acquired…
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Bala Cynwyd-based Susquehanna International Group Sells Shares in Trump Media After Going Public
Susquehanna International Group, headed by Bala Cynwyd billionaire Jeffrey Yass, sold its shares in Trump Media after the company went public in March, writes Joseph N. DiStefano for The Philadelphia Inquirer. The multinational trading firm said it bought those shares not as a bet on the future of the company now called Trump Media &…
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ABA Centers Opens Its First Pennsylvania Autism Care Center in Bala Cynwyd
ABA Centers of Pennsylvania, a for-profit care provider, has opened its first autism care center in Bala Cynwyd, writes John George for the Philadelphia Business Journal. The company, which was founded in 2020, plans on opening two more centers in the Philadelphia suburbs later this year, in King of Prussia and Langhorne. Prior to opening…
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Bala Cynwyd’s BMW Main Line Owner Buys Most Expensive Home in Palm Beach
Bala Cynwyd’s BMW Main Line owner has some new digs. Michael Cantanucci — the owner of the parent company that has dealerships in multiple states, including Pennsylvania — purchased a record-breaking $170 million home in Palm Beach, Florida. The Wall Street Journal reports that Cantanucci bought it from Robert Stiller, founder of Green Mountain…
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Here’s How Jeff Yass’ Bala Cynwyd Firm Makes Money From Trump’s Truth Social
Bala Cynwyd billionaire Jeff Yass’ company Susquehanna International Group (SIG) is making money from Donald Trump’s Truth Social network, writes Joseph N. DiStefano for The Philadelphia Inquirer. Yass’ company is a market maker. It quietly gets paid for matching buyers and sellers, raising funds for, and distributing profits from, publicly traded companies. SIG began collecting…
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Bala Cynwyd Billionaire’s Firm is the Largest Institutional Shareholder of Company That Merged with Trump’s Truth Social
A firm owned by Bala Cynwyd billionaire Jeffrey Yass was the largest institutional shareholder as of December in Digital World Acquisition, the company that recently merged with former President Donald Trump’s social media company Truth Social, writes Julia Terruso for The Philadelphia Inquirer. This could signal a link between Yass, one of the GOP’s most…
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Bala Cynwyd Company Has Big Plans for a Quakertown Shopping Center
Bala Cynwyd-based Velocity Venture Partners acquired The Richland Plaza shopping center in Quakertown for $16.7 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 225,000-square-foot retail center, which was sold by APS Associates, is 90 percent vacant. Its new owner now plans to convert the property into a multi-tenant industrial site. The entire project…
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Former Main Line Art Center Director Judy Herman Remembered for Transformative Impact on Art Community
Judy Herman, of Bala Cynwyd, a former longtime director of the Main Line Art Center and a tireless advocate for artists and students, died on March 13 at 75, writes Gary Miles for The Philadelphia Inquirer. Herman, who is also a former museum program coordinator, schoolteacher, and volunteer, served as Main Line Art Center director…
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Acclaimed Bala Cynwyd Hairstylist Artur Kirsh Talks His New Book
Acclaimed hairstylist Artur Kirsh, who runs the salon bearing his name in Bala Cynwyd, has worked his magic on supermodels, Celine Dion, Betsey Johnson, and many other celebrities, writes Gina Lizzo for the Main Line Today. Later this month, Kirsh will release his first book, 1,000 Questions Behind the Chair. The book compiles a selection…
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New City Ave Master Plan Envisions More Restaurants, Entertainment, and Stores with Seamless Connections
With many more apartments being added along City Avenue, business leaders have developed a new plan for the car-centric corridor that would turn it into a diverse shopping, dining, and entertainment district, writes Paul Schwedelson for the Philadelphia Business Journal. The 3-mile stretch located on the border between Philadelphia and Lower Merion Township is now…
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How Much Do You Really Know about Billionaire Jeff Yass and His Relationship to TikTok?
As Washington continues to wage war against TikTok, Jeff Yass, a Bala Cynwyd billionaire and cofounder of Susquehanna International Group, stands to lose a lot of money, writes Kalhan Rosenblatt for NBC News. Yass’ firm has a 15% share in TikTok’s parent company, ByteDance, which is based in China, and he personally has about $21…
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Citizens Bank Is Closing More Branches, Including One in Bala Cynwyd
As part of its plan to trim down the number of its branches in the region, Citizens Bank has announced the closure of its Bala Cynwyd branch inside the Acme at 121 E. City Avenue, writes Jeff Blumenthal for Philadelphia Business Journal. The branch inside the Acme at 6800 New Falls Road in Levittown has…
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