CEO Report Philadelphia
In its larger merger to date, Philadelphia-based Fox Rothschild will combine with North Carolina-based Smith Moore Leatherwood. The deal will add six news offices in the Southeast to the firm, giving it a total of 27 locations across the country staffed with over 900 lawyers. Read more at the Philadelphia Business Journal.
MJ Freeway closed its Series C round of funding with $10 million in new investments to improve its Leaf Data Systems software to handle increased complexity, functionality and data security. In 2017, the Pennsylvania Department of Health awarded the Denver-based company a five-year, $0.4 million contract to track all medical cannabis in the state. Read more at Philly.com.
COMMERCIAL REAL ESTATE
Comcast’s new $1.5 billion, 1.8 million-square-foot Technology Center at 1800 Arch St. has started welcoming most of its employees next week. The 60-story, 1,120-foot structure is 150 feet taller than the media giant’s first building at 1701 JFK, making it the tallest in the city – for now. Read more at Technical.ly Philly.
John Hancock announced major changes to its life insurance offerings that will require health tracking for coverage. Customers will have to enter fitness activity via an app or website or, for a 15 percent discount, they can track health data with a wearable device. Traditional policies will no longer be available. Read more at Engadget.
By the end of this year, Walmart will supply 4,700 of its stores with more than 17,000 Oculus Go virtual reality headsets as the retailer expands its VR-based employee training system. The technology is designed to give employees a physical feel for situations like Black Friday shopping surge. Read more at The Verge.
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David Thornburgh As a veteran of more than 20 years of civic leadership in the Philadelphia region, I long ago came to this basic conclusion: that to compete for the future, we had to view our region as a product, and that our job is to improve the product, market the...read more
Tonight, Global Philadelphia Association will hold its third annual World Heritage City Celebration with a special dinner at the Crystal Tea Room. This one-of-a-kind event supports the work being done to carry out Philadelphia’s World Heritage Strategic Plan. In...read more
FINANCE Wilmington-based WSFS Financial Corp. announced it will acquire Philadelphia-based Beneficial Bancorp for $1.5 billion in a transaction expected to close at the beginning of next year. WSFS plans to reinvest $32 million into the combined institution which will...read more
DEVELOPMENT Pennrose and WRT Design announced plans for phase one of the Equal Justice Center and affordable housing project at 8th & Vine Sts. in Chinatown. The mixed-use project will consist of two structures, at 11- and 12-stories high, and 40,000 square feet of...read more