August 27, 2015 |
A New Jersey real estate investment firm has purchased Camden's Liberty Park Townhomes affordable-housing complex and plans $1.5 million in renovations at the site in exchange for tax abatements. Tryko Partners bought the 184-unit property from Vesta Corp. of Connecticut, according to a statement from the Brick, N.J.-based company, which did not disclose the purchase price. Tryko, which specializes in affordable-housing projects, will re-side all buildings, replace windows, repair sewage lines, and complete other improvements through its PILOT, or "payment in lieu of taxes," deal with the City of Camden.
August 26, 2015 |
Brandywine Realty Trust has sold the 247,294-square-foot Bay Colony Executive Park office complex in Wayne to an affiliate of Philadelphia-based real estate fund manager Equus Capital Partners. The acquisition of the four-building campus was made on behalf of BPG Investment Partnership IX, a discretionary fund managed by Equus, the company said Monday, without disclosing the purchase price. The company plans "a significant capital investment" in building and campus upgrades, Equus vice president George Haines said in the release without specifying how much would be spent.
August 24, 2015 |
The tsunami of mergers announced last month - Aetna's purchase of Humana and Anthem's purchase of Cigna - is expected to transform the health insurance industry, if the deals survive antitrust scrutiny by regulators. The consolidation will create three national giants, including UnitedHealth Group Inc., each with more than $100 billion in annual revenue, and add to the pressure on smaller Blue Cross-Blue Shield operators to merge. But don't count Independence Blue Cross, the region's largest health insurer and a major Center City employer, among those on the ropes.
July 29, 2015 |
TORONTO - Throughout the months of speculation regarding where Cole Hamels will pitch the final three-plus guaranteed years of his contract, the Los Angeles Dodgers have often been mentioned as an apt trading partner for the Phillies. That remains the case in the final days leading to the highly anticipated trade deadline. But with the days passing until 4 p.m. Friday, the Texas Rangers - reportedly along with the Dodgers the front-runners to land Hamels - might be the ideal team for the Phillies to trade their 31-year-old ace. Despite entering the week 47-50, 7.5 games behind the American League West-leading Los Angeles Angels and 4.5 games back of the Minnesota Twins in the crowded wild-card race, the Rangers could acquire Hamels with an eye toward next season.
July 24, 2015 |
A NARCOTICS OFFICER accused by a former colleague of falsifying an arrest report has been pulled from the street, police said yesterday. Officer Angel Ortiz recently was reassigned to administrative duty and is currently the subject of an investigation by the Internal Affairs Bureau, a police spokeswoman told the Daily News . Investigators from Internal Affairs "wouldn't get into specifics" about Ortiz's case, the spokeswoman said....
July 22, 2015 |
Adapted from a recent online discussion. Question: My fiance likes to touch me in certain ways that I'm not a big fan of. Nothing superintrusive; more like where the hands go when we spoon. He says it makes him feel bonded and close to me. And I get that. Except I don't like the physical feeling, and at times, I feel objectified. Sometimes, I can appreciate it as a reaching out for an intimate connection. Sometimes, I resent that he's ignoring my preferences, and so the same act that makes him feels close to me makes me feel distant from him. I know you're going to ask if he has a habit of ignoring my preferences; he doesn't.
July 11, 2015 |
In an extension of its already numerous outreach activities, the Philadelphia Orchestra announced a new partnership Thursday with Carnegie Hall's second youth orchestra, to be formed in 2016. Having already formed the National Youth Orchestra of the USA (NYO-USA) in 2013 for musicians ages 16 to 19, Carnegie Hall is now founding the 80-piece NYO2 for students 14 to 17 who "have been traditionally underserved by local music programs," according to a statement it released. As many as "several dozen" Philadelphia musicians will act as both as coaches and side-by-side players, said Philadelphia Orchestra president and CEO Allison Vulgamore.
June 1, 2015 |
WHEN CHRIS Rodriguez drives his patrol car down streets in Mayfair and Oxford Circle that are known crime hotspots, he is always accompanied by his K-9 partner, Misha, and he always wears his licensed 9mm Glock 17. When he and Misha, a German Shepherd wearing a black K-9 Unit harness, do foot patrols through the playground and courts of Max Myers Rec Center, he is unarmed. Either way, Rodriguez, 30, who wears the black uniform of Homeland Intelligence and Protective Services LLC and a black K-9 Unit vest, feels that he and Misha help deter street crimes that plague parts of the 2nd and 15th police districts.
May 23, 2015 |
The Algerian-born terror suspect accused of recruiting Colleen "Jihad Jane" LaRose of Montgomery County into a 2009 plot to assassinate a Swedish artist won a two-year legal battle Thursday in Ireland to avoid extradition to the United States. A federal grand jury in Philadelphia charged Ali Charaf Damache in 2011 with one count each of terrorism conspiracy and attempted identity theft. The indictment is part of a case that has already sent LaRose and two others to prison. In the Dublin High Court decision Thursday, Justice Aileen Donnelly cited concerns over prison conditions in the United States and found that Irish state prosecutors had ignored their responsibility to attempt to try Damache first on terror charges in Ireland, where he holds citizenship.
May 21, 2015 |
Health Partners Plans has renewed its lease at the Gallery at Market East ahead of the Center City shopping mall's planned redevelopment, a lawyer for the site's operators said Tuesday. Richard Hayden, an attorney for Pennsylvania Real Estate Investment Trust and Macerich Co., said at a city Planning Commission meeting that the health insurance provider would remain at the site. Health Partners occupies 142,100 square feet at the Gallery, according to PREIT's website. PREIT and Macerich have announced plans for a $325 million upgrade of the Market Street property into what they're calling Fashion Outlets of Philadelphia.