October 16, 2015 |
Coretrust Capital Partners, a real estate investment company with offices in Philadelphia and Los Angeles, has closed on a $200 million equity commitment from a fund managed by Austin, Texas-based Hawkeye Partners. The fund, which has the ability to expand to $300 million, will focus on office-building acquisitions in the major markets of the Mid-Atlantic, the West Coast, and the Southwest, Coretrust said in a statement on Wednesday. Coretrust is led by three original partners of Thomas Properties Group, an offshoot of the company that developed Philadelphia's Commerce Square office complex.
October 15, 2015
EVERY SO OFTEN, my husband and I review our finances and revise our goals. We dig deep into the numbers, often resulting in a reduction in our spending, an increase in our savings or both. Sometimes things are going so well that no changes are needed. With our current work schedules, the start of a new school year and volunteer ministry work, we haven't been able to complete our budget re-examination process, which takes several hours. As we live in this incomplete state of analysis, I've been uneasy because I always like to have a current bird's-eye view of our finances.
October 13, 2015 |
St. Joseph the Worker Church in Fallsington, Bucks County, will close permanently on Nov. 1, the Archdiocese of Philadelphia announced Sunday. St. Joseph the Worker parish merged with St. Frances Cabrini parish in Fairless Hills in July 2014. St. Frances became the primary parish, while St. Joseph remained a worship site for the occasional celebration of Mass as well as funerals and weddings. Now the church will close for good, due to high costs for necessary repairs and underutilization.
October 12, 2015 |
A restaurant that is going out of business usually doesn't get to savor a months-long victory lap. But for D'Ignazio's Towne House in Media, slated to close for good at the end of the year, the long goodbye seems to fit just about right. After all, just about everything about the Towne House - the Baltimore Pike landmark that dates to the Truman administration - is rare. For decades it has hosted politicians, from council members and judges to legislators and a future president.
October 8, 2015
D EAR ABBY: I am happily married to a great man. I have a young daughter from a previous marriage, and my husband has two teenagers, a boy and girl, from a prior marriage. Like many blended families, we have our struggles, but one is becoming increasingly difficult to deal with. I don't know how to put this tastefully, but I'll state it this way: My stepchildren are "too close," if you know what I mean. They flirt, constantly touch each other and playfully tease each other.
October 7, 2015 |
Temple linebacker Tyler Matakevich is on the verge of a milestone but says he hasn't dwelled on it much. With 392 career tackles, Matakevich could become the third player in school history to record 400. The leader is Steve Conjar, who had 492 from 1978-81, followed by Lance Johnstone, who recorded 429 from 1992-95. Matakevich could reach 400 Saturday in the American Athletic Conference game against Tulane (2-2) at Lincoln Financial Field. "No, I don't even think about it," he said Tuesday after practice.
October 4, 2015 |
Now what? The Union once again have to bounce off the canvas after what may be the most difficult result in their six-year franchise history. On Wednesday they had come even closer to winning their first trophy than the year before when they lost 3-1 in extra time to Seattle in the 2014 U.S. Open Cup final. Then on Wednesday, the Union took the game into penalty kicks, only to lose 7-6 in that segment to Sporting Kansas City after the teams played to a 1-1 draw through 120 minutes in another exciting Open Cup final at PPL Park.
October 4, 2015 |
Farewell, Department of Making + Doing October is the last chance to take classes at West Philadelphia's Department of Making + Doing. The two-year-old makerspace will close at the end of the month. Though the organization's programming and attendance have increased, it is unable to meet rising rent on its Market Street building, program director Michael Darfler said. The four partner businesses - NextFab, the Hacktory, Public Workshop, and Science Center - will continue to operate independently.
October 3, 2015 |
The east end of the Gallery will not close Friday as scheduled, the developer said Thursday morning. A final review of the huge amount of paperwork involved in the deal has taken longer than expected, according to a spokesperson for the Pennsylvania Real Estate Investment Trust. The city and PREIT agreed to keep the mall open while that occurs. "The closing remains imminent," said spokesperson Kevin Feeley. He could not provide an estimated shutdown date, but said the public would be informed in advance.
October 3, 2015 |
It's a measure of good news for rail commuters - a reprieve of perhaps a week or so. The scheduled Friday closing of the Gallery's east end has been delayed, meaning the indoor three-block shortcut used by SEPTA and PATCO riders will remain open awhile longer. A review of the voluminous paperwork in the deal between the developer and the city has taken longer than expected, according to the Pennsylvania Real Estate Investment Trust. Both parties agreed to keep the mall open in the meantime.