Conshohocken
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E. Kahn Development Sells Conshohocken Building Leased to Amazon to Korean Pension Fund for $97M
E. Kahn Development has sold a 120,000-square-foot building leased to Amazon in Conshohocken to an undisclosed Korean pension fund for $97 million, writes Natalie Kostelni for the Philadelphia Business Journal. The price at just over $808 a square foot sets another high-water market on a per-square-foot basis for the sale of industrial real estate in…
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Conshohocken’s SeventySix Capital Says Having a Proper Sportsbook Inside Malvern’s Chickie’s & Pete’s is a “Big Deal”
While there is no denying the popularity of online wagering, the owners of Parx and Chickie’s and Pete’s in Malvern have gone all-in for the in-person alternative. Katie Kohler calculated the strategy’s odds for success in The Philadelphia Inquirer. The confidence in the preference for a live betting experience led to the opening of Parx…
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Santander Bank to Exit U.S. Residential Mortgage Business, Plans to Lay Off 53 Employees in Conshohocken
Santander Bank is planning on exiting the residential mortgage and home equity origination space in the United States and lay off 53 employees in Conshohocken in the process, writes Jeff Blumenthal for the Philadelphia Business Journal. “We will discontinue residential mortgage and home equity originations as we continue to focus on investing in products that…
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Two Montco Companies Earn Perfect Scores for LGBTQ Workplace Inclusion on High-Profile Index
Two Montgomery County companies have received a perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index that measures corporate policies and practices related to LGBTQ workplace equality, writes Ryan Mulligan for the Philadelphia Business Journal. The scores are calculated based on an analysis of publicly available information along with information submitted to…
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Conshohocken-based IKEA Prices Rising by 9% Worldwide in Wake of Production Chain Costs
The prices of IKEA’s products are slated to rise by an average of 9% worldwide during 2022 in response to production chain costs. The planned price markups are in response to cost increases across Ikea’s production chain, reports EUWID. The new price increase comes as a response of the Ingka Group – the company that…
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IKEA Woos Tech Talent with 3D-Printed Plant-Based Meatballs
There is a new version of IKEA’s iconic Swedish meatballs, which the furnishing giant with U.S. headquarters in Conshohocken is using as an innovative tool to attract tech talent, writes Brittaney Kiefer for Adweek. IKEA is in the process of recruiting for over 150 technology and innovation jobs in 2022. To hook talent in an…
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SEPTA Commits to Constructing Three-tier Parking Garage for Conshohocken Train Station
SEPTA has given green light to Phase II improvement plans at the Conshohocken Train Station, which call for the construction of a three-tier parking garage in addition to surface parking, writes Kevin Tierney for More Than the Curve. Phase I is to build a new train station above Oak Street, just upriver from its current…
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Conshohocken’s David’s Bridal to Open Two New Retail Locations in Early 2022
Conshohocken-based David’s Bridal is expanding its retail footprint with two new store locations that are expected to open in the first quarter of 2022. The nation’s leading bridal and special occasion authority will open new stores in West Chester Township, Ohio, and Torrance, California. The incoming stores will continue the company’s retail expansion that saw…
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Conshohocken-based AmerisourceBergen Settles Opioid Litigation with Rhode Island
Conshohocken-based AmerisourceBergen has reached a settlement agreement with Rhode Island over claims that it had profited from the opioid epidemic, writes Mary Serreze for the Philadelphia Business Journal. AmerisourceBergen is one of the three pharmaceutical distributors that have settled with the state for a total of $91 million. McKesson Corp and Cardinal Health are also…
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2 Montgomery County Towns Make Top 20 List of Highest-earning Cities in Pennsylvania
Where are the highet-earning cities in PA? WFMZ.com gets the info on the Top Twenty, with two in Montgomery County. Stacker compiled a list of the highest-earning cities in Pennsylvania using data from the U.S. Census Bureau. This data demonstrates the annual income based on education, geography, location, gender, and other factors, These towns are rated by…
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Supermarket Sweep: Conshohocken’s Carlino Development Reaches Settlement with East Brandywine Grocers
Last month, the East Brandywine board of supervisors approved a controversial agreement to settle a portion of litigation involving a longstanding dispute between grocers. Natalie Kostelni reported the peacemaking moves for the Philadelphia Business Journal. Since 2010, the Carlino Commercial Development, based in Conshohocken, has been attempting to build a grocery-anchored shopping center on a…
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Conshohocken’s IKEA Decreases Climate Footprint; Aims to Be Climate Positive Worldwide by 2030
IKEA recently announced this week that it was on track to become climate positive by 2030 since its annual carbon emissions fell 6% from pre-pandemic levels despite record sales, writes Anna Ringstrom for Reuters. According to brand owner Inter IKEA, value chain emissions – meaning everything produced from raw material production to customers’ use and…
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Conshohocken-based IKEA Plans to Restore 3,000 Acres of Florida Land Damaged by Hurricane
IKEA recently purchased over 3,000 acres of land in Florida that was damaged by Hurricane Michael, with plans to plant a forest on the damaged land, writes Sophie Hirsh for Green Matters. The two plots of land that were purchased by Ingka Group, the company that controls most of IKEA stores, is called Tupelo Honey…
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Conshohocken Physician Assistant Wins Local Emmy for Health-Based Wellness Show
Jessica DeLuise, a physician assistant from Conshohocken, was recently awarded the 2021 Mid Atlantic Emmy NATAS award in the Long Form Lifestyle Content category for her show, Eat Your Way to Wellness, writes Kevin Tierney for More Than the Curve. DeLuise was the creator, host, and executive producer of Eat Your Way to Wellness. Both…
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Conshohocken’s Cigar Republic Hits the Perfect Notes of Refinement and Pleasure
Right before COVID-19 chased us all into our homes, Joe Giorno and his partners, The Scipioni Brothers of Atlantic Cigars, the owners of Conshohocken’s Cigar Republic had one thing on their minds when they set out to design and open the area’s premier cigar smoking experience: cleaner air. That’s something we can all relate to,…
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Villanova Businessman and Philanthropist Harry R. Halloran Jr. Dies at 82
Harry Halloran Jr. from Villanova, an experienced businessman, theologist, and devoted philanthropist passed away at his home in December, at the age of 82 due to complications of a stroke, writes Gary Miles for The Philadelphia Inquirer. Driven by his desire to better the world, Halloran used his West Conshohocken-based Halloran Philanthropies to help fund…
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Conshohocken-based IKEA Raising Prices in 2022 Amid Ongoing Global Supply Issues
With the new year just beginning, Conshohocken-based IKEA has reported that its customers should expect to pay more when they shop at its stores during 2022, writes Parija Kavilanz for CNN Business. Ikea has said prices are going to increase by an average of 9 percent worldwide to help offset the great increase in transportation…
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Giant Grocery Stores Partner With Conshohocken-Based Saladworks to Offer In-Store Dining Options
Thanks to a new partnership between Giant Co. and WOWorks LLC, the parent company behind Conshohocken-based Saladworks, four new dining locations have opened up within Giant grocery stores, writes Ryan Mulligan for the Philadelphia Business Journal. Two of the four locations are doubly-branded restaurants that have Frutta Bowls cafes along with Saladworks dining options. The…
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