Philadelphia Business Journal
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Big 2024 Endowment Gains for Colleges in Montgomery County
There were widespread 2024 endowment gains, some with hundreds of millions in investment returns, for colleges and universities in the…
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King of Prussia’s XyloCor Therapeutics Raises $67.5 Million to Advance Gene Therapy
King of Prussia-based XyloCor Therapeutics has managed to raise $67.5 million in Series B financing to advance its gene therapy…
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Fort Washington Developer Purchases 61-Acre Newtown Site for $6.98M to Build 45 Single-Family Homes
Fort Washington-based Toll Brothers has paid $6.98 million for a 61-acre Newtown site where it plans to build 45 single-family…
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Concert Golf Partners Buys Penn Oaks Golf Club in West Chester
Concert Golf Partners, a national owner-operator of upscale private golf and country clubs, recently added Penn Oaks Golf Club in…
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King of Prussia’s Westover Buys New York Real Estate Portfolio for $94.5M
King of Prussia-based Westover recently purchased a multifamily real estate portfolio in New York for $94.5 million from Black Spruce…
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Philadelphia-Area Hotel Sales in 2024 Totaled Over $100M, More Than Half in the City
Philadelphia-area hotel sales generated more than $100 million across the region in 2024, with most of the revenue occurring in…
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Frontier Airlines Cuts 5 Philadelphia Airport Routes for 2025
The low-cost carrier Frontier Airlines, the second largest airline at Philadelphia International Airport, has cut four routes from the airport,…
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Main Line Health’s Fiscal Performance Improved According to S&P Global Ratings
S&P Global Ratings improved its rating of Main Line Health from ‘negative’ to ‘stable,’ writes John George for the Philadelphia…
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Van Leeuwen Ice Cream’s Major Greater Philadelphia Expansion Kicks Off with Ardmore Location in March
Van Leeuwen Ice Cream is planning to at least triple its Greater Philadelphia presence in the coming years, starting with…
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Philadelphia-Based Brandywine Realty Trust Sells 23-Story Building in Arlington for $190.5M
Philadelphia-based Brandywine Realty Trust recently sold a mixed-use building in Arlington, Virginia, for $190.5 million as part of its continuous…
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Conshohocken Real Estate Firm CenterSquare Has Big Plans for 2025
Conshohocken real estate firm CenterSquare Investment Management plans to expand its retail portfolio, writes Paul Schwedelson for the Philadelphia Business…
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Yardley-Based Optinose Implements Reverse Stock Split to Boost Share Price, Avoid NASDAQ Delisting
Yardley-based Optinose will enact a 1-for-15 reverse stock split to boost its share price and fend off a potential NASDAQ…
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Elwyn Launches $100M Campus Plan With Developer Hire
The behavioral health nonprofit Elwyn, headquartered in Media Borough, is spending $100 million to redevelop its main campus, including a…
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Valley Forge Tourism & Convention Board’s Rachel Riley Honored with Prestigious Alumni Achievement Award
The Valley Forge Tourism & Convention Board (VFTCB) is proud to congratulate Rachel Riley, Vice President of Marketing & Communications,…
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Discovery Labs Works on Massive Financing Deal to Settle Debt
Brian O’Neill, developer of Discovery Labs in King of Prussia, is completing a $1 billion financing package to recapitalize Innovation…
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These 3 Montgomery County Companies Made Inc.’s 2024 ‘Best in Business’ List
Inc. announced their 2024 Best in Business List and three companies are based in Montgomery County, writes Lisa Dukart for…
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Philadelphia Eagles’ Sale of Two Minority Ownership Stakes Gets NFL Approval
The NFL has approved Philadelphia Eagles’ owner Jeffrey Lurie’s plan to sell a combined 8 percent of the team to…
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SEI Investments Acquires LifeYield as Part of Broader Startup Strategy
Oaks-based SEI Investments furthered their reach into fintech by acquiring the Boston-based tax management tech company LifeYield, reports Jeff Blumenthal…
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