June 12, 2013 |
TRENTON - Cooper University Health Care of Camden and the MD Anderson Cancer Center of Houston unveiled their partnership at a Statehouse news conference Monday. Gov. Christie praised the venture and said it would greatly enhance cancer research and treatment in the region. MD Anderson, one of the nation's top cancer research and treatment facilities, has agreed to manage a $100 million cancer-treatment center at Cooper's main hospital campus in Camden, scheduled to open in October.
June 11, 2013
In the Region Atlas acquires gas reserves Atlas Resource Partners L.P. , the Philadelphia energy company, is buying 466 billion cubic feet of "mature, low-declining" natural gas reserves in New Mexico and Alabama from a subsidiary of EP Energy L.L.C. for $733 million. Current production from the new reserves nearly doubles the partnership's existing output. In addition, Atlas Energy L.P. , the partnership's parent company, is acquiring 45 billion cubic feet of reserves in Oklahoma from EP Energy for about $67 million.
June 11, 2013 |
Chinatown has little room to grow. The Center City neighborhood is boxed in by the Gallery to the south and the Convention Center to the west. Most construction is happening to the north of Vine Street, and most of that is for high-end housing. But in a narrow elbow of vacant land, near the delivery entrance to the Gallery on Arch Street near Eighth Street, two nonprofit developers are moving ahead with plans for a nine-story, 94-unit apartment house. It's a unique collaboration between the Philadelphia Chinatown Development Corp.
June 8, 2013 |
The Philadelphia School Partnership will announce Friday that it is awarding a $1.5 million grant to Wissahickon Charter School in Nicetown to help it expand. A year ago, the Philadelphia School Reform Commission gave the charter school, which has an environmental focus, permission to add a second K-8 campus in 2014. Kristina Littell, Wissahickon's co-chief executive officer, said the school's second site will be located on Washington Lane in East Germantown. She said the spot is ideal since it is across the street from the Awbury Arboretum and near several environmental programs.
May 30, 2013 |
Students who receive their two-year associate degrees will soon have another avenue for completing a bachelor's degree from New Jersey's biggest public university. Rutgers University, represented by executive vice president for academic affairs Richard L. Edwards, is set to sign an agreement Thursday with Mercer County Community College to allow associate degree holders to earn Rutgers degrees right on the county college's West Windsor campus. Rutgers' Off Campus Program at Mercer is the fourth such program to be offered.
May 18, 2013 |
Two of the biggest apartment landlords based in the Philadelphia area are betting on Washington, hoping the federal government and the contractors who depend on it will weather the budget battles that have lately depressed hiring and rents around the capital. Morgan Properties, the King of Prussia firm headed by Temple University and Republican Party donor Mitchell Morgan, says it has bought the 620-unit Northampton Apartments in Largo, Md., in partnership with DRA Advisors L.L.C., of New York.
April 30, 2013
Directors of AmeriGas Propane Inc., general partner of AmeriGas Partners L.P., increased the quarterly distribution by 5 percent to 84 cents per limited partnership unit to unit holders of record as of May 10. The annualized distribution will increase from $3.20 to $3.36 per unit. AmeriGas units would yield 7.6 percent, based upon Monday's closing price of $44.07 a unit on the New York Stock Exchange. UGI Corp., Valley Forge, is the general partner of AmeriGas and owns 26 percent of the partnership units.
March 15, 2013 |
The Philadelphia School Partnership will announce grants totaling $3.4 million Thursday to help two charter organizations with long waiting lists expand in the northern and western parts of the city. Scholar Academies will receive $1.8 million to help add 600 to 900 seats, while KIPP Philadelphia will receive $1.6 million to serve 700 to 800 more students. Mark Gleason, the partnership's executive director, said Wednesday the two nonprofit groups were chosen because of strong academic performance in the city and elsewhere.
March 10, 2013 |
The landscape of public housing in Philadelphia dramatically changed in the last decade, as decrepit high-rise projects were demolished and replaced with more appealing new homes. But the rate of replacement housing never kept pace with the number of eliminated units. The pressure to fill the supply gap of affordable housing is prompting the Philadelphia Housing Authority (PHA) to launch an ambitious plan for creating 6,000 additional units of public housing in five years, said Kelvin Jeremiah, the agency's interim executive director.
March 2, 2013 |
The Philadelphia School Partnership will announce a $500,000 grant Friday to help a new network of independent Catholic elementary schools in low-income neighborhoods. Aldo Cavalli, president of Independence Mission Schools, said the nonprofit would use the planning grant to help assemble a small central office staff to assist the 16 schools in raising money, handling tuition payments and helping families find financial aid. "They are start-up dollars to get the central administration office up and running, and to get all the initiatives in place," Cavalli said Thursday.