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REAL_ESTATE
July 14, 2014 | By Erin Arvedlund, Inquirer Staff Writer
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...
NEWS
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.
BUSINESS
June 14, 2007 | By Suzette Parmley INQUIRER STAFF WRITER
Campus Apartments Inc., of Philadelphia, announced yesterday that it had acquired a 14-property student-housing portfolio from Dallas-based FirstWorthing Residential Co. L.P. for $256 million. Privately held Campus Apartments called the deal the largest private-student-housing transaction on record. It adds 6,517 beds to the company's holdings. "This portfolio allows us to extend the Campus Apartments brand to new university markets nationwide," said David Adelman, its president and chief executive officer.
NEWS
March 11, 2008 | INQUIRER STAFF
Campus Apartments Inc., Philadelphia, today said it will develop a $27 million graduate student housing complex at Emory University in Atlanta. The 398-bed, 201-unit building will be constructed on university-owned land under long-term lease to Campus Apartments, which will privately finance, develop and operate the project, the company said. The building is expected to be ready for use at the start of the 2009 academic year. Campus Apartments owns or manages housing for 16,000 students in 14 states.
NEWS
June 13, 2007 | By Suzette Parmley, INQUIRER STAFF WRITER
Campus Apartments Inc., Philadelphia, today said it had acquired a 14-property student housing portfolio from Dallas-based FirstWorthing Residential Co. L.P. for $256 million. Privately held Campus Apartments called the deal the largest private student housing transaction on record. It adds 6,517 beds to the company's holdings. "This portfolio allows us to extend the Campus Apartments brand to new university markets nationwide," said David Adelman, president and chief executive officer.
NEWS
January 29, 2013 | By Hillary Siegel, INQUIRER STAFF WRITER
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.
BUSINESS
August 2, 2012 | By Suzette Parmley, Inquirer Staff Writer
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.
BUSINESS
April 2, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
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.
NEWS
June 18, 2008 | By Barbara Boyer INQUIRER STAFF WRITER
Investigators are trying to determine which student living near the University of Pennsylvania forgot his head. Seven students had been living in a West Philadelphia apartment where a human skull was found Monday afternoon, but police didn't know who had left it. "It's kind of a weird story," said Lt. Frank Vanore of the Public Affairs Unit. "It's a mystery at this point. " The Philadelphia Medical Examiner's Office and police detectives were investigating, but there was no indication that a crime had occurred, authorities said.
SPORTS
August 18, 2009 | By Kevin Tatum INQUIRER STAFF WRITER
When they were burned out of their residence at 40th and Spruce early Aug. 9, seven members of the Penn football team were wondering what to do next. Would they have to split up? How were they going to recover from losing so many personal keepsakes and career memorabilia, clothes, furniture, and other possessions? By Wednesday, at least one question had been answered. The group of seniors began moving into a new home that would accommodate all of them just a few blocks from where they lived before misfortune struck.
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ARTICLES BY DATE
BUSINESS
April 2, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
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.
NEWS
November 1, 2014 | By Samantha Melamed, Inquirer Staff Writer
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.
REAL_ESTATE
July 14, 2014 | By Erin Arvedlund, Inquirer Staff Writer
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...
NEWS
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.
BUSINESS
November 18, 2013 | By Diane Mastrull, Inquirer Staff Writer
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.
BUSINESS
February 8, 2013 | By Suzette Parmley, Inquirer Staff Writer
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.
BUSINESS
February 7, 2013 | By Suzette Parmley, INQUIRER STAFF WRITER
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.
NEWS
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.
NEWS
January 29, 2013 | By Hillary Siegel, INQUIRER STAFF WRITER
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.
BUSINESS
August 2, 2012 | By Suzette Parmley, Inquirer Staff Writer
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.
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