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Philadelphia, July 20, 2018

MEDIA

Comcast is backing away from its $71 million offer to acquire Twenty-First Century Fox assets, paving the way for Disney to do so. Instead, the Philadelphia-based communications giant will turn its full attention to acquiring U.K.-based Sky in an effort to significantly expand its international reach. Read more at the Philadelphia Business Journal.

 

SMALL BUSINESS

Philadelphia Energy Authority has partnered with Lime Energy and West Philadelphia Financial Services Institution to launch the second phase of its Small Business Energy Efficiency Program in South Philadelphia. Part of the $1 billion Philadelphia Energy Campaign, the imitative will provide free energy assessments and cost-saving recommendations to interested businesses. Read more at the South Philly Review.

 

INNOVATION

NextFab announced it will relocate its North Philly location late next year, moving from a 4,000-square-foot space on 4th St. to a 21,000-square-foot location at 1800 N. American St. The makerspace will offer access to studio spaces, expanded jewelry and textiles departments, additional storage and capacity for makers to take on large-scale projects. Read more at Technical.ly Philly.

 

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Philadelphia, July 20, 2018

MEDIA Comcast is backing away from its $71 million offer to acquire Twenty-First Century Fox assets, paving the way for Disney to do so. Instead, the Philadelphia-based communications giant will turn its full attention to acquiring U.K.-based Sky in an effort to...

Philadelphia, July 19, 2018

TAXES The Pennsylvania Supreme Court sided with the City in its fight against the soda industry over the Philadelphia Beverage Tax. The 4-2 decision has far-reaching implications that could result in other so-called sin taxes in other cities around the U.S. Read more...

Philadelphia, July 18, 2018

COMMERCIAL REAL ESTATE The Post Brothers have sold the 40,000-square-foot Victory Square shopping center on North Broad St. for $9.2 million to an affiliate of Millburn, N.J. investor Peter Nalitt. Read more at Curbed Philly.   CASINOS Parx Casino, Valley Forge Casino...

Philadelphia, July 17, 2018

DEVELOPMENT City Council has approved the Construction Tax Bill that imposes a one percent tax on new construction and major renovation projects for properties that are not inside Keystone Opportunity Zones. Council also approved a companion bill that allows the...

In Case You Missed Them

Philadelphia, July 13, 2018

HIGHER EDUCATION The Knight Foundation awarded two Temple University projects $100,000 via its art and technology Prototype Fund. The school’s Institute on Disabilities received $50,000 to make art performances more accessible for the hearing impaired and non-English...

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Philadelphia, July 12, 2018

HEALTHCARE Cooper University Health Care announced plans for a $5.9-million, 5,500-square foot expansion of its Camden medical center emergency department to accommodate a 35 percent increase in ER visits over the last ten years. It’s the only hospital in South Jersey...

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Philadelphia, July 11, 2018

DEVELOPMENT In a joint venture with Goldman Sachs, New York-based Nahla Capital has acquired 2000 Market St. from Gemini Rosemont Realty for $126 million, $16 million over the asking price. The 29-story, 665,000-square-foot building is the investor’s first purchase in...

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Philadelphia, July 10, 2018

DEVELOPMENT Developer EPG Urban is proposing a 30-story, mixed-use tower at 3720 Chestnut Street in University City, replacing the old Newman Center. The 26,000-square-foot project would include 420 apartments, 4,000 square feet of retail and 40 underground parking...

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