NewSpring Capital and the Philadelphia College of Osteopathic Medicine (PCOM) announced a significant but undisclosed investment in Philly-based vybe, a network of urgent care clinics that aims to expand its footprint beyond the city by 2021. Read more at Technical.ly Philly.
INDUSTRIAL REAL ESTATE
West Chester-based Tamora Building Systems is set to break ground on a 63,000-square-foot speculative industrial building in Marcus Hook on a 5.5-acre plot just off of 95. The group will spend an estimated $5 million for a new distribution center with a smaller footprint to serve the Northeast and mid-Atlantic corridors. Read more at BisNow.
Bank of America customers will soon have access to a virtual financial assistant called Erica which will provide app users with access to balance information, transfer money between accounts, send money with Zelle and schedule meetings at financial centers via voice commands, texting or touch. Read more at the Philadelphia Business Journal.