April 10, 2016 |
Philadelphia-based real estate investment firm Rubenstein Partners has bought the 985,490-square-foot Interstate North Office Park in Atlanta for about $90 million, the company said in a release on Friday. The 11-building complex, now 60 percent leased, sits on 67 acres beside the Atlanta Braves' new SunTrust Park baseball stadium, around which a mixed-use development is being built. Interstate North's previous owner was the U.S. real-estate-investment division of Dutch insurance giant Aegon.
February 5, 2016 |
Matthew T. Amato, who helped Chaka "Chip" Fattah Jr. scam thousands of dollars from area banks, and later helped the U.S. Attorney's Office convict the son of U.S. Rep Chaka Fattah, was sentenced Wednesday to two years of probation for his part in the scheme. Amato, Fattah's onetime roommate at Drexel University and later in Roxborough, took out $65,000 in loans from four banks in 2005 in the name of Chaka Fattah Jr. & Associates, a shell company he and Fattah Jr. concocted. In the summer of 2005, Amato received loans from Wachovia Bank, PNC Bank, and Sun National Bank on the strength of their bogus claim that their company had $140,000 in sales the previous year.
January 20, 2016 |
A week ago, the enormous old ballroom at the Drake - the art deco apartment building and former hotel on Spruce Street - was a welter of ladders and plywood and lighting racks and power cords, all deployed by contractors and their workers. But within days, ballroom space will be dramatically transformed. Contractors will vanish; audiences will appear. On Wednesday, the Simpatico Theatre Project will open previews of The It Girl , an unusual theatrical take on the life of silent-screen star Clara Bow, in the Drake's spanking-new Louis Bluver Theatre, a flexible 75-seat auditorium.
December 20, 2015 |
Crystal Palace of the English Premier League announced Friday that it has signed a deal with investors Josh Harris and David Blitzer, co-managing partners of the 76ers. According to the agreement, chairman Steve Parish will join Harris and Blitzer in a general partnership structure. Last week, Forbes Magazine reported that Harris and Blitzer would become major investors in the London-based soccer team. Forbes reported that the purchase would help them "get to know the market" in London because their goal was to put an expansion NFL team there, according to a source.
December 16, 2015 |
Edward W. Mullinix, 91, formerly of St. Davids, a retired partner in the Philadelphia law firm of Schnader Harrison Segal & Lewis L.L.P., died Wednesday, Dec. 9, of Alzheimer's disease at the Forest at Duke in Durham, N.C. Mr. Mullinix started his career with Schnader in 1949. He specialized in litigation and alternative dispute resolution. During his most active years, he worked principally in litigation involving commercial and antitrust cases, and in lawyer and judge disciplinary proceedings.
December 2, 2015
ISSUE | UNIVERSITY CITY Community partners In Friday's column , Inga Saffron reached an inescapable conclusion: Universities were complicit in postwar urban-renewal programs that failed to sustain strong, diverse neighborhoods. She suggested that requiring payments in lieu of taxes (PILOTs) by nonprofit institutions is the logical form of redress. But that narrative fails to account for 20 years of successful efforts in University City. And the conclusion is shortsighted - no program of PILOTs could match the impact that anchor institutions make today.
November 22, 2015 |
Sheen plot thickens a lot Charlie Sheen paranoia is spreading. Several women who have slept with him claim that he didn't disclose he had the HIV virus. Now his Two and a Half Men costar Jenny McCarthy says Sheen is guilty of negligence for not telling her he had the virus when they pretended to be lovers on the sitcom. "Playing even his love interest on the show, back in the day, I go, 'Ick! That's not fair. It's scary,' " she said on her Sirius XM radio show.
November 21, 2015 |
Drexel University already ranks among the top 50 universities worldwide when it comes to patent awards developed by faculty members, said Keith Orris, university senior vice president of corporate relations and economic development. And with Thursday's announcement of Drexel's new funding partnership with Ben Franklin Technology Partners and a mentoring relationship with Wayne-based Safeguard Scientifics, university inventors and entrepreneurs will have 10 million new reasons to keep the research fires burning, the brainstorms exploding.
November 6, 2015 |
The Children's Hospital of Philadelphia and the Mount Sinai Health System, of New York, this fall will collaborate on a pediatric cancer program, with services available to selected Mount Sinai locations, the two tax-exempt health systems said Wednesday. Collaborative programs in cardiac care and fetal medicine are expected to follow, the systems said. Financial terms were not available. CHOP, which had $210 million in operating income on $2.35 billion in revenue in the year ended June 30, 2015, has relationships with adult hospitals as far north as Saint Peter's University Hospital, in New Brunswick, N.J. The deal with Mount Sinai, which has seven hospitals will extend CHOP's reach into New York.
October 28, 2015 |
Days after FBI agents raided Chaka "Chip" Fattah Jr.'s Ritz-Carlton condo in 2012, investigators with the Philadelphia School District met with an anonymous tipster who offered to expose his employer in exchange for a reward. That tipster, they later learned, was Fattah himself. Over the course of three meetings between March and May, he not only managed to dime out his boss - a contractor who ran schools for at-risk youth - but also thoroughly implicated himself, an FBI agent testified Monday.