July 20, 1989 |
Anthony Dunleavy, the man charged with combing through the records of the Partnership for Economic Development, had just finished reciting his latest discoveries when he paused to consider what he had said. "When you see some of the things done, it is almost mind-boggling," Dunleavy said. Dunleavy was referring to things he said were done by William J. Tancredi, the partnership's commerce director and, until this week, the county's top business development official. In recent days, however, Tancredi has been virtually fired by the partnership and suspended from his job running a second agency.
July 9, 1987 |
The Medical College of Pennsylvania is exploring a partnership with a Pittsburgh-based hospital holding company, and both sides expect to announce whether they will go ahead with the deal by the end of the month. D. Walter Cohen, the MCP president, said the college, at 3300 Henry Ave., is looking into forming an alliance with Allegheny Health Services Inc., the parent company of Pittsburgh's Allegheny General Hospital. In 1986, Allegheny General Hospital had operating revenues of $287 million.
July 12, 1989 |
The partnership that held a controlling interest in Franklin Computer Corp. has dissolved, distributing its shares to its partners. Franklin, the Mount Holly maker of hand-held electronic spelling and other devices, said Firebird Partners, which had owned about 40 percent of Franklin's common stock, was liquidating its assets. Firebird transferred its stock to one of its principals, Renaissance Partners, a venture-capital firm, which, in turn, distributed the stock to its four partners.
March 9, 1990 |
Two Butcher & Co. real estate partnerships that own the Biltmore Hotel in Coral Gables, Fla., have filed for bankruptcy protection from creditors. Butcher's Deilwydd Corp. and Sovereign Group Ltd. 1986-1 filed for protection under Chapter 11 of the U.S. Bankrutpcy Act in U.S. District Court in Philadelphia last Friday. Deilwydd Corp. is the general partner of the limited partnership that owns the property. David Lloyd, president of Sovereign Group, Butcher & Co.'s real estate subsidiary, yesterday said hotel revenues had increased, but not enough to pay off its debt to a Florida bank that was about to foreclose.
January 7, 2016 |
The company formerly known as Hersha Hospitality Management has acquired the Residence Inn Philadelphia Conshohocken hotel from a partnership involving Brandywine Realty Trust for $26.5 million. HHM, as it is now known, bought the 137-room Marriott hotel to take advantage of Conshohocken's growing business community, the company said in a release Tuesday. Brandywine announced the sale of the hotel, in the Tower Bridge development, earlier in the day. The Radnor-based developer said it will net $6.1 million from its 50 percent stake in the property after debt repayment and other costs.
May 18, 1990 |
Ann B. Hopkins, a reluctant role model for women, strode into a restaurant for lunch this week, plunked down a worn leather briefcase, dropped into a chair and ordered a Beck's beer. She wore horn-rimmed glasses and no cosmetics, and by the time her second Beck's arrived, she demonstrated an acquaintance with many of the words that family newspapers decline to print. It has been seven years since Hopkins was on the verge of reaching her career goal - a lucrative partnership in the giant accounting firm of Price Waterhouse - only to have some of her male bosses derail her ambitions for behaving, they said, too much like a man. In a precedent-setting case that went all the way to the Supreme Court, U.S. District Judge Gerhard A. Gesell awarded her the partnership that she covets and that Price Waterhouse still does not want her to have.
May 24, 1991 |
A Willard G. Rouse 3d partnership transferred $225,000 from its Great Valley Hilton Hotel & Conference Center to another Rouse business in a "fraudulent" attempt to safeguard the cash, Rouse's banker charged in a lawsuit filed yesterday. The money transfer came days before a planned foreclosure by the New Bank of New England against the Malvern hotel for failure to make payments on more than $22 million in loans and interest, the suit said. According to the suit filed in Chester County Court, the money was paid by the hotel to Rouse & Associates Urban on April 8, five days after the bank obtained a $22 million judgment against the hotel partnership and two days before foreclosure proceedings were to begin.
October 15, 1998 |
West Jersey Health System and Memorial Health Alliance yesterday announced that they had created a separate corporation to help the two South Jersey health-care systems cut costs without sacrificing jobs or services. The new entity, Virtua Health, is a partnership arrangement rather than a merger, and the two systems will retain their separate identities, executives said at a news conference at the West Jersey Hospital-Marlton division. They said that coming together as Virtua could save them up to $25 million over the next five years by centralizing such operating functions as marketing, planning, purchasing, and patient accounting as well as by combining such services as mobile intensive care and home health.
November 27, 1995 |
Wooden frames hang on the walls of attorney Lynne Kessler Lechter's office, holding faded black-and-white images, slightly unfocused, of her ancestors. Her grandfather, dressed in a dark, early-1900s suit, stands straight and peers from one frame across the room at Lechter's dark mahogany desk. "I have a great extended family," Lechter, 53, said. "They are my inspiration. " If her grandfather could see past the desk and through the wall, he could look into the eyes of his great-granddaughter, attorney Maxine Lechter, at work in the next office.
June 11, 2009 |
Drexel University and Haddonfield Memorial High School will announce tonight a first-of-its-kind partnership that includes free college-level courses for high-achieving students and online classes, as well as mentoring and faculty-training programs. As designed, the partnership will give Haddonfield students access to courses not available at the high school, such as Mandarin and electrical physics, and allow them to accumulate college credits early. And it gives Drexel special reach into a high-performing school where many students already apply to the university.