CEO Report Philadelphia
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.
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.
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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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...read more
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...read more
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...read more
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...read more