January 7, 1990 |
Yeadon hopes to enter into a joint venture with Darby Borough for trash pickup and recycling. Last month, Yeadon received a bid from Nu-Way Trash Removal Corp. of Primos, a local subidiary of Waste Management Inc., for the collection of refuse and recyclable items in both boroughs. "We will get a better price because two boroughs are in it together," borough manager Daniel Fox said during a Yeadon Council meeting Thursday. The recycling pickups would begin April 1. The two boroughs' combined cost for the nine-month contract would be $129,500.
December 21, 2011
Commercial real estate operator Brandywine Realty Trust, Radnor, said it formed a joint venture with Current Creek Investments L.L.C. to invest in properties in the Washington area. Brandywine is contributing three office properties valued at $156 million to the venture. Both partners also have allocated $75 million in equity "to pursue additional office property investments" in the Washington region, Brandywine said in a statement. Current Creek is a wholly owned subsidiary of Allstate Insurance Co. - Reid Kanaley
January 18, 1986 |
United States Health Care Systems Inc., which Thursday reported record earnings, yesterday said that it would create a health maintenance organization in a joint venture with Blue Cross of Northeastern Pennsylvania. The company, based in Blue Bell, said that the two organizations had agreed in principle to form a new HMO that will serve northeastern Pennsylvania, an area now dominated by Blue Cross. The insurance plan has about 650,000 members, including about 100,000 Medicare beneficiaries, in the area.
April 30, 1993 |
The Binswanger real estate group is teaming up with a Mexican firm that helped pioneer the maquiladoras industrial parks to help U.S., European and Japanese businesses set up shop in Mexico and Central America. The joint venture between the Philadelphia commercial real estate firm and Grupo Bermudez, of Juarez, Mexico, will provide a full range of real estate services to foreign companies from the Rio Grande south into Colombia and Venezuela. "As the North American Free Trade Agreement (NAFTA)
December 16, 1988 |
HIDDEN CREEK Glassboro, Gloucester County (609) 881-0777 There is something warm and affiliated about Hidden Creek in Glassboro. Most of the houses are twins, sharing one nicely insulated wall, and the whole 268-unit project is being produced by a joint venture. While New Jersey and Texas may not normally be considered to have a lot in common, one obvious exception is that developers in both states like to build houses that sell well. So Johnston Development of San Antonio, Texas, shook hands with Polamar of Allentown, N.J., and, with the permission of Glassboro planners, turned 105 acres on Mullica Hill Road into Hidden Creek.
June 27, 2012 |
A Brandywine Realty Trust joint venture agreed to buy three Silver Spring, Md., office buildings totaling 499,395 square feet of space for $120.6 million, the Radnor company said. Brandywine's partner in the joint venture is a subsidiary of Allstate Insurance Co. The seller is a joint venture between Urdang, a BNY Mellon Co. based in Plymouth Meeting, and Moore & Assoc. of Bethesda, Md. The deal is expected to close July 10. – Harold Brubaker
July 24, 2015 |
A joint venture involving Abrams Realty & Development of Elkins Park and Onyx Equities of Woodbridge, N.J., have bought the Penrose Plaza Shopping Center in Southwest Philadelphia from a Korman Commercial Properties subsidiary for $25 million. The new owners plan to expand and remodel the ShopRite supermarket at the 263,000-square-foot shopping center, located in the city's Eastwick section, Abrams managing partner Peter Abrams said Tuesday. Abrams said he also was negotiating with potential new tenants for the former location of a 95,000-square-foot Kmart store there.
October 10, 1995 |
Teleflex Inc., of Plymouth Meeting, yesterday announced a joint venture with GE Aircraft Engines to repair commercial aircraft components. The companies expect the partnership to bring in sales of $50 million next year - or about a quarter of the global market for the repair of engine-fan blades and compressor airfoils. Sermatech International, a subsidiary of Teleflex, will own 51 percent of the joint venture. The new company, Airfoil Technologies International LLC, is expected to begin operations by the end of this year.
November 13, 1991 |
Astra/Merck, a joint venture of Merck & Co. and Sweden's leading pharmaceutical company, is planning a $53 million headquarters and research facility in Chester County. Gov. Casey yesterday recommended that the state legislature approve a $4.5 million low-interest state loan to help finance the new building. Astra/Merck plans to employ 135 when it opens the 150,000-square-foot facility in 1993. Up to 300 could be employed there by 1996. Merck said no decision had been made on the location.
October 13, 2008 |
The NBA has formed a joint venture with Anschutz Entertainment Group to design and develop about 12 multipurpose arenas in major Chinese cities. The project was announced yesterday at the O2 Arena in London, where the New Jersey Nets and Miami Heat played a preseason game. AEG runs the O2, and the venture will be equally owned by the two parties. NBA commissioner David Stern did not say when the plan would be starting, or where the buildings would be located. "We weren't going to start construction in the next couple of weeks," Stern said at a joint news conference with AEG president and CEO Timothy J. Leiweke.