April 2, 2015 |
Shares of Citizens Financial Group , the $128 billion Rhode Island-based company that owns Citizens Bank of Pennsylvania and naming rights to the Phillies' stadium, are up 13 percent since an initial public offering on the New York Stock Exchange in September. That beats the KBW Index of big-bank stocks, which has been flat during the same period, as low interest rates have squeezed bank profits. Citizens sold more shares last week, raising more than $3 billion for its past owner, Royal Bank of Scotland , which plans to sell its remaining stock by next year.
November 1, 2014 |
Thirty-five years ago, when John Doherty was doing rehab work for Campus Apartments, removing old plasterwork to make way for drywall, he was struck by the beauty of the buildings' antique plaster flourishes - all destined for the landfill. Instead of throwing the pieces out, he began salvaging them to sell at a flea market on the weekends. Then he learned that he could make rubber molds of the intricate pieces and replicate them as many times as he wanted, for use in his own designs.
July 14, 2014 |
He's the man who built Campus Apartments in University City from a regional student-housing company into a national firm. David Adelman, who took over from the Campus Apartments founder, is branching out into office space in West Philadelphia - and he's looking to attract a key anchor tenant, such as Google, to lease his former factory space at 4101 Sansom St. The retrofitted printing-press shop here is known as the Graphic Arts Lithographers building...
May 4, 2014
Police are investigating the death of a La Salle University student whose body was found Friday in his apartment at the campus in Northwest Philadelphia, officials said. Jhoseph Ramirez-Brodeur, 21, a junior from Massachusetts, was found unresponsive in his university-housing apartment at St. Teresa Court, in the 5300 block of Chew Avenue, around noon, officials said. He was pronounced dead at the scene. Preliminary indications pointed to a drug overdose, but a final cause of death is pending a review by the Medical Examiner's Office, authorities said.
November 18, 2013 |
The guests will dine on crabcake, dumplings, salad dressed with champagne vinaigrette, and braised short ribs topped with jumbo shrimp. At the $200-a-head affair Thursday at Vie in Center City, a 41-year-old Main Line entrepreneur who invested his bar mitzvah money in a West Philadelphia apartment building and now heads the largest private student-housing company in the country will be honored. But in reality, the fifth annual gala for the Network for Teaching Entrepreneurship Philadelphia is not about David J. Adelman, president and CEO of Campus Apartments.
February 8, 2013 |
Market East Associates L.P., one of six applicants for Philadelphia's second casino license , said Wednesday that Mohegan Sun will be a partner in and would operate its proposed Eighth and Market Streets gambling hall. The $500 million project, formerly known as Casino Philadelphia on its application to the state gaming board, is now Market8, said developer Ken Goldenberg, who assembled Market East Associates. "It will be a really exciting urban entertainment complex with a casino in its middle, its heart," he said Wednesday.
February 7, 2013 |
Market East Associates L.P., one of the six applicants for the second Philadelphia casino license, announced Wednesday that Mohegan Sun will be a partner and operator for its proposed 8th and Market Streets casino. Mohegan Sun, which owns a flagship casino in Uncasville, Conn., and a racetrack-casino in Wilkes-Barre, last August signed a similar agreement to manage and own part of Resorts Casino Hotel in Atlantic City. "Mohegan is one of the nation's top entertainment and gaming destination operators," said real estate developer Ken Goldenberg of The Goldenberg Group, who assembled Market East Associates.
February 1, 2013
Philadelphia-based Campus Apartments L.L.C. said it completed the first phase of a three-phase, $200-million project to upgrade all on-campus residences at Shippensburg University of Pennsylvania. The $70-million first phase included three new housing residences for a total of 924 students on the Cumberland County campus. A $65-million second phase slated for completion by fall 2014 will house 922 students. The university has scheduled a combined ribbon-cutting and groundbreaking for Friday.
January 29, 2013 |
Six students who sued the trustees of the University of Pennsylvania for poor living conditions in an off-campus house reached a settlement with the university Monday. A representative of the University of Pennsylvania confirmed that settlement was reached. According to court documents, two of the plaintiffs, Zachary Opperman and Andrew Green, filed a declaration of withdrawal and the motion was granted withdrawn without prejudice on Monday. The terms of the settlement were confidential.
August 2, 2012 |
Those in need of more than the traditional overnight stay in University City - patients receiving treatment at Children's Hospital of Philadelphia or the Hospital of the University of Pennsylvania and their families, for instance, or visiting faculty, consultants, and corporate travelers - have another hotel option. Homewood Suites by Hilton, at 4109 Walnut St., marks its grand opening Wednesday, though it has been taking guests since May 1. The extended-stay, all-suites hotel, which is managed by Hersha Hospitality Management, has 136 units.