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Closings

BUSINESS
May 6, 2015 | By Jacob Adelman, Inquirer Staff Writer
National Real Estate Development has closed on a $141 million construction loan with insurer Ullico for an 18-story residential and retail tower at 1100 Market St., part of the company's $500 million East Market project. The loan will allow the start of construction on the $117.5 million building, which will include 322 apartments, along with a MOM's Organic Market and other shops and restaurants, the company said in a statement. The new tower, along with the redevelopment of the adjacent Family Court Building at 34 S. 11th St., make up the first phase of the East Market project, bounded by 11th and 12th Streets, from Market to Clover.
NEWS
May 5, 2015 | By Stephan Salisbury, Inquirer Staff Writer
The Archdiocese of Philadelphia needs more time to consider the fates of five churches in the Lower Northeast, part of a long-term study of how to stabilize and sustain parishes while demographics shift, finances and congregations dwindle, and buildings leak and crumble. In an announcement read Sunday to congregants at Mother of Divine Grace, Nativity of the Blessed Virgin Mary Parish, Our Lady Help of Christians, Saint Adalbert Parish, and St. George Parish, all largely in or near Port Richmond, Archbishop Charles J. Chaput acknowledged that the "complex and difficult issues . . . will require further study and discussion before any final decisions are made.
NEWS
May 3, 2015 | By Maddie Hanna, Inquirer Trenton Bureau
Federal prosecutors have closed an investigation into claims that officials in Gov. Christie's administration threatened to withhold Hurricane Sandy relief money from Hoboken if the mayor did not approve a private redevelopment deal. In a letter dated Friday, U.S. Attorney Paul J. Fishman and Assistant U.S. Attorney Paul A. Murphy said prosecutors and the FBI had investigated the allegations. "Based on the evidence developed during the investigation and our review of the applicable law, we have concluded that no further action is warranted in this matter," they wrote.
NEWS
April 26, 2015 | By Robert Calandra, For The Inquirer
People who paid a penalty because they didn't buy health insurance last year are nearing the end of their options to get covered and avoid an even bigger penalty next tax season. The special enrollment period - a window the U.S. Department of Health and Human Services opened for people who learned of the fine only when they filed their 2014 taxes - closes Thursday. After that, current rules allow consumers to buy insurance from the marketplace only if they experience a life-changing event, such as marriage or loss of job-based coverage.
ENTERTAINMENT
April 22, 2015 | By Tirdad Derakhshani, Inquirer Staff Writer
Family melodrama, morality play, superior spy yarn: FX's superb drama The Americans wraps up its third season 10 p.m. on Wednesday. This season has belonged to Paige Jennings (Holly Taylor), the 15-year-old daughter of Soviet sleeper agents Philip (Matthew Rhys) and Elizabeth Jennings (Keri Russell). She finally learns from her parents that they are Russian-born KGB officers who have spied on the United States since the mid-1960s. (And yes, they've killed quite a few people too, Paige.
NEWS
April 18, 2015 | By Kristen A. Graham, Inquirer Staff Writer
Angry over a plan to close a small city high school, several dozen students said Thursday that they would fight to keep Kensington Urban Education Academy open. "As students, parents, and community members, we have been shut out of this process," Essence Whiting, a Kensington Urban student and member of the student organizing group Youth United for Change, told the School Reform Commission at a meeting. The Philadelphia School District wants to merge Kensington Urban, one of four small high schools in the neighborhood, with Kensington Business, Finance, and Entrepreneurship High School.
SPORTS
April 17, 2015 | BY BOB COONEY, Daily News Staff Writer cooneyb@phillynews.com
THERE ARE two teams Brett Brown coaches during the basketball season. One is the 76ers, the other is the AAU team of his 10-year-old, Sam. No doubt, Brown rather would have been with the 10-year-olds last night instead of overseeing the Sixers' 105-101 loss to the visiting Miami Heat. Only because coaching a game in which it is beneficial for his team to lose is harder to swallow than the two seasons he's gone through here in Philly. Here's why: The Sixers needed to lose to the Heat and have Brooklyn lose to Orlando to get Miami's first-round pick, which was top-10 protected.
SPORTS
April 14, 2015 | By John N. Mitchell, Inquirer Staff Writer
Danny Garcia was seeking to recapture the momentum he gained in September 2013. That's when Garcia, the WBC and WBA junior-welterweight champion, gave power-puncher Lucas Matthysse a boxing lesson on his way to a unanimous decision in Las Vegas. Another dominant victory Saturday at the Barclays Center in Brooklyn over Lamont Peterson, the IBF junior-welterweight champion, would have reignited the excitement that has died down somewhat regarding the undefeated Garcia over the last year.
NEWS
April 9, 2015 | By Ben Finley, Inquirer Staff Writer
Over three months, Claire Risoldi's jewelry collection - and its insurance policy - ballooned from a couple of pieces worth $100,000 to 52 items worth about $11 million. Weeks later, the Risoldi family's Bucks County mansion caught fire for the third time in three years. The collection disappeared, and Risoldi allegedly claimed that firefighters were to blame. Testifying for the second day in a Bucks County courtroom on Tuesday, insurance adjuster James O'Keefe noted the insurance policy's rapid increase and said insurer AIG would eventually deny the $11 million claim under the belief it was fraudulent.
BUSINESS
April 9, 2015 | By Amy S. Rosenberg and Harold Brubaker, Inquirer Staff Writers
ATLANTIC CITY - Glenn Straub was looking for the casino floor. Just hours after completing his $82 million purchase of Atlantic City's bankrupt Revel Casino Hotel, the Florida investor roamed the sprawling property Tuesday, punching elevator buttons, remarking on oddball details (a high-tech uniform delivery service accessed by fingerprint), joking, like any new beachfront property owner, about being able to house his friends in one of the extra bedrooms. He now has 1,800 rooms at his disposal.
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