October 22, 2015 |
Brandywine Realty Trust is shedding some South Jersey holdings as part of a sell-off aimed at raising money to sustain development plans in Center City and other core markets. The company, Philadelphia's biggest office landlord, has sold land in Mount Laurel to a hotel operator and is unloading five office buildings nearby, according to documents filed with Burlington County officials. Radnor-based Brandywine also is said to be shopping the former 30th Street Main Post Office building, which now houses the Internal Revenue Service's local staff, according to John Guinee, an analyst with Stifel Nicolaus & Co. Proceeds from these sales will likely be funneled into projects such as the FMC Tower near 30th Street Station and the eventual redevelopment of recently acquired properties on Market Street, Guinee said.
October 20, 2015 |
On the outside, not much has changed. The once-grand S.S. United States continues to rust along a South Philadelphia pier. On the inside, some things have significantly changed, and not for the better: The conservancy that is trying to restore the iconic ocean liner - and that set an end-of-the-month, save-it-or-scrap-it deadline - has seen its fund-raising decline dramatically. While its officials insist that a secret developer is closer than ever to a suitable proposal, the ship needs time.
October 17, 2015 |
A couple of hundred Hillary Clinton supporters, already high off her debate performance the other night, gathered at Philadelphia's Mutter Museum Thursday to hear her husband fan their fervor and rally them to reach for their checkbooks. Bill Clinton is good at that. Six black SUVs heralded the former president's arrival at the museum's rear entrance. And there he was, in a fitted blue suit, his iconic shock of white hair highlighted by the afternoon sun. He smiled, waved, and disappeared into the building to greet some 200 buttoned-up, high-powered lawyers and politicos, who later emerged from the closed-to-the-press campaign fund-raiser almost giddy.
October 17, 2015 |
The Democratic National Convention Committee has settled in Philadelphia and is open for business. Jude Arijaje, owner of Minuteman Press on South Broad Street, stood next to Mayor Nutter and the Democratic National Convention Committee CEO on Thursday in his printing shop as proof that the DNC wants to partner with local businesses in advance of the party's national convention here next year. "Small businesses, large business, we want everyone to have a shot at the pie," the Rev. Leah Daughtry, the convention's CEO, said.
October 9, 2015 |
Nationwide, the percentage of cash sales for homes has fallen steadily since January 2013, yet the Philadelphia region's share of such transactions appears to be climbing, a report by real estate data provider CoreLogic says. In the eight-county Philadelphia region in June, the most recent month for which it has data, CoreLogic says, cash sales represented 55.1 percent of all home purchases - 13.1 percentage points higher than the same month in 2014 and well above the nation's 31.3 percent.
September 10, 2015 |
Philadelphians broke a pair of dubious records in May's Democratic primary: The most campaign money ever spent produced the lowest turnout ever. The numbers belie the notion that raising millions of dollars to pay for television advertising and field operations helps to bring more people to the polls. The reality is that too many big donors care more about influencing the future votes and positions of the politicians who get their money than they do about turnout. Of the 800,000 registered Democrats, only about 234,000 cast ballots.
September 6, 2015 |
The Pennsylvania Gaming Control Board fined SugarHouse Casino in Philadelphia $50,000 for giving cash advances to 11 individuals who asked to be banned from casinos in Pennsylvania. Two other local casinos were also fined this week. Parx Casino, in Bensalem, was fined $15,000 for sending marketing materials to 146 individuals on the gaming board's self-exclusion list. The board fined Harrah's Philadelphia $7,500 for paying a slot machine jackpot to a person who was not sitting at the slot machine when the winnings registered.
July 22, 2015
ISSUE | FORFEITURES Seize criminals' property only I join in applauding District Attorney Seth Williams for stopping his office's practice of using the commonwealth's forfeiture laws to take homes and cars from people who have never been accused, much less convicted, of a crime ("Dirty money," July 6). However, these changes do not go far enough. According to a recent American Civil Liberties Union report, Williams' office takes $1 million in cash annually from Philadelphians who have never been found guilty of a crime.
June 21, 2015 |
Money helped, but it did not guarantee wins in the Pennsylvania Supreme Court race. At $1.5 million, Philadelphia Common Pleas Court Judge Kevin Dougherty was the top fund-raiser in the 12-way campaign, according to financial documents made public Thursday. And while the Democrat did win nomination in the May 19 primary, correlations between cash and votes were hard to find. Jefferson County Court Judge John Foradora, with $712,805 - about $6 for each vote cast for him - had the second-biggest money pot, but the Republican lost.
June 12, 2015 |
Efforts to replace a crumbling mural of famous South Philadelphia musicians gained momentum Wednesday when officials learned that Frankie Avalon had pledged money to help find a new home for the endangered creation. The $5,000 donation from the crooner and movie star added to $5,000 committed earlier in the week by longtime disc jockey Jerry Blavat in an effort to raise an estimated $80,000 for the project, said Jane Golden, founder and chief of the Mural Arts Program. Also this week, officials identified two potential locations on South Broad Street for the replacement mural.