Retail Chain Century 21 Files for Bankruptcy
Century 21 has 13 stores mostly in New York City and the surrounding metropolitan area. As of Thursday, it had 1,400 employees. The company blamed the lack of payment on […]
Read More....Jefferson to Build $762M Specialty Care Pavilion
Thomas Jefferson University and Jefferson Health unveiled plans Thursday to build a $762 million, 19-floor medical building in Center City. The Specialty Care Pavilion at 11th and Chestnut streets will […]
Read More....Mall Owners Simon and Brookfield to acquire J.C. Penney
J.C. Penney has reached a tentative deal to sell its business and stores to a group of mall owners and lenders in a move that would save the department store […]
Read More....PREIT drops plan for sale-leaseback of Moorestown Mall
The financially ailing owner of Moorestown Mall has terminated a plan to raise funds through the sale-leaseback of the shopping center. Philadelphia-based PREIT had hoped to raise $153.6 million through […]
Read More....New York’s Durst Selected to Develop Penn’s Landing
The Durst Organization of New York has been selected to redevelop Penn’s Landing, likely ending efforts by the 76ers to build themselves a new basketball arena there. The board of […]
Read More....76ers to Decide on Penn’s Landing Facility
The nonprofit overseer of development along central Philadelphia’s Delaware River waterfront could decide as soon as Wednesday on a bidder to remake Penn’s Landing into a new district of apartment […]
Read More....PA Restaurants Can Expand to 50% Occupancy On 9-21
Pennsylvania restaurants will soon be able to double their indoor occupancy to 50% capacity, Governor Tom Wolf announced Tuesday. Restaurants may increase indoor occupancy from 25% to 50% of capacity […]
Read More....Unemployment Rate Falls to 8.4%
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. The […]
Read More....Wolf Calls for Cannabis Legalization in PA
Governor Tom Wolf and Lt. Governor John Fetterman called on the legislature to take up the legalization of adult-use cannabis to help with the state’s economic recovery amid COVID-19. Legalization […]
Read More....NJ To Allow Indoor Dining for Labor Day Weekend
New Jersey restaurants will be allowed to resume indoor dining starting Friday, Governor Phil Murphy announced Monday. Movie theaters and other performance venues can also reopen with restrictions. Restaurants will […]
Read More....PA to Auction Casino Mini-License Again
Pennsylvania’s auction last year for a license to operate a new “mini-casino” attracted zero bidders willing to pay a minimum of $7.5 million to open a satellite gaming outlet. Yet […]
Read More....
