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NEWS
October 23, 2012 | BY JOHN F. MORRISON, Daily News Staff Writer
LEONARD WARREN Simpkins Jr. would be cooking a meal or riding in his car and the muted trumpet of Miles Davis would be filling the air with jazz. Leonard was a big jazz fan and the late trumpeter was his favorite, although he also dug John Coltrane, Wes Montgomery and Charlie Parker, among others. And he didn't just listen to their music. He had firm opinions about the artists - which ones were the best and why, which ones mediocre - as well as an encyclopedic knowledge of their work.
NEWS
December 14, 2012
DEAR HARRY: I have a good pension plan where I work, and I have been contributing right up to the maximum allowed. The company matches my contributions up to 6 percent of my pay. Today, I saw some guru on TV telling people that any money above what the company will match should go into real estate. He was even going to the point of telling viewers to move to a bigger home with a bigger mortgage. With low interest rates and the threat of inflationary policies in Washington, he insisted that this was a no-brainer.
NEWS
August 25, 1995 | by Jacqueline Love, Daily News Staff Writer Staff writer Earni Young contributed to this story
Want to buy a house? Need advice on what to do now that you're moving for the first time? If so, the answers can be as close as your personal computer. Log on and link up to the LibertyNet, where cyberspace meets real estate. LibertyNet is a regional computer-based network with information about lots of things - community organizations, educational institutions, historic and cultural attractions, local government and business in the Philadelphia region. And real estate.
NEWS
September 5, 2000 | By Kay Raftery, INQUIRER SUBURBAN STAFF
Selling a house can be like losing an old friend. The attachment between home and homeowner can run that deep because of the sense of history and familiarity. And when the owner is an older person and the history spans decades, the loss can be quite painful, real-estate agents say. Jean Brenner of Richboro, who has sold real estate for 23 years, knows this from personal experience. After selling her home of 18 years, she found herself getting weepy all the time. "I was depressed but didn't know why," Brenner said.
NEWS
November 12, 1993 | By Mary Blakinger, INQUIRER CORRESPONDENT
Flora K. Rubin cannot stand inertia. That's why she teaches ethics to real-estate agents, sells about $8 million worth of real estate a year, and works on a task force that is proposing revisions in real-estate law. It's also one reason why the Pennsylvania Association of Realtors recently chose Rubin, of Narberth, for its 1993 Outstanding Service Award. "She doesn't recognize the words, 'It can't be done,' " said Rubin's friend and colleague, Carolyn Eagan. It was Eagan, executive vice president of the Main Line Board of Realtors, who submitted Rubin's name to the 26,000-member state association for consideration for the award.
NEWS
June 29, 2007 | By Harold Brubaker, INQUIRER STAFF WRITER
In a stunning move linked to a federal investigation, Vernon W. Hill II is leaving Commerce Bancorp Inc., which he founded more than 30 years ago and built into a $47 billion bank that helped change the face of retail banking. The Cherry Hill bank said today that Hill, 61, would immediately depart from its main operating subsidiary and would retire as chairman, president and chief executive of Commerce Bancorp on July 31. Commerce stock climbed on the news, as investors placed bets that the company will be sold.
BUSINESS
September 22, 1992 | by Earni Young, Daily News Staff Writer
When the Berlin Wall came tumbling down more than two years ago, followed by the Soviet Union, Binswanger Co. saw a golden opportunity in the rush by American firms to consolidate and relocate their European operations. After a six-month test, the Philadelphia-based firm and Auguste-Thouard of Paris yesterday formally announced the formation of Auguste-Thouard- Binswanger, which will provide international real-estate services. The partnership with France's largest commercial real-estate brokerage is unique, said Frank G. Binswanger 3rd, who has been named a managing director of the new venture.
NEWS
January 21, 1988 | By Chuck McDevitt, Special to The Inquirer
The opening of a new RE/MAX franchise real-estate office at 1001 Baltimore Pike in Springfield has been announced by Michael J. Stefonick, regional director of RE/MAX of Southeastern Pennsylvania. The Springfield office - operating under the name RE/MAX Delco - is the 46th franchise in the Southeastern Pennsylvania regional group. The franchise is owned by Paul V. Kazunas. The 4,500-square-foot office employs seven sales associates. Projections call for the addition of about 15 associates within nine months, according to Kazunas.
REAL_ESTATE
July 17, 1986 | By LEW SICHELMAN, Special to the Daily News
Two years ago Clark Firestone, an old buddy from my high- school days, was like a lot of would-be real-estate investors. He had heard about people who made fortunes in real estate while sheltering a good bit of their incomes, and he wanted to do the same. But he was scared to death. Today, Firestone and nine of his friends and neighbors are in the process of purchasing their 10th property. When the deal goes to settlement in the next few weeks, they'll own about $500,000 worth of real estate between them.
NEWS
March 27, 1987 | By CYNTHIA BURTON, Daily News Staff Writer (Staff writer Gary Thompson also contributed to this report.)
The biggest "if" in Mayor Goode's proposed $1.8 billion budget has real- estate developers and investors coming up with a few "ifs" of their own. Goode's plan to sell two city office buildings - City Hall Annex and the Municipal Services Building - for $65 million and lease them back for $14 million a year is the biggest link in the fiscal chain that would keep taxes and services where they are. But several developers said they'd rather knock...
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NEWS
July 28, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Peter D. Quick, 69, of Haddonfield, a former real estate executive for Philadelphia regional banks, died of cardiac arrest on Saturday, July 19, while vacationing in Ocean City, N.J. A graduate of Collingswood High School, where he played on the football team, Mr. Quick attended Susquehanna University before serving in the Army in Vietnam. He returned to complete his undergraduate studies and earn a bachelor's degree at Temple University, his wife, Sharon, said. He began his banking career at Continental Bank in Philadelphia and retired from Midlantic Bank after Midlantic Corp.
NEWS
July 15, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
All signs point to the recovery of the region's real estate market after nearly eight years in the tank. With inventory short, real estate agents report sales within percentage points of asking prices, and multiple bids on properly priced listings in move-in condition. Not everyone is benefiting, however. Ask Larry Golub, of Trevose; Gayle Whittle, of Oreland; and Wendy Wirsch, of Warrington. "We've had our home on the market for over three years now, with no showings for over seven months," said Golub, whose high-end manufactured home in Trevose cost $135,000 when it was new seven years ago. Price reductions for his "as-new home" - now listed at $92,000 - haven't helped, said Golub, who lives in the Neshaminy School District.
BUSINESS
June 23, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
One in a continuing series spotlighting real estate markets in the region's communities. You can often tell a lot about a town by the level of enthusiasm expressed by real estate agents who sell houses there. The level rises when the agents are longtime residents, or grew up there, or live close by. That's especially true for Haverford Township, where, agents say, folks often move from first home to last over a lifetime, and those who leave often find their way back to one of the multiple zip codes that define the neighborhoods here: Havertown, Haverford, Bryn Mawr, Ardmore, Drexel Hill and Wynnewood.
NEWS
June 6, 2014 | By Chris Mondics, Inquirer Staff Writer
Two Fox Rothschild L.L.P. lawyers are accused in a Maryland lawsuit of aiding a fraudulent real estate scheme that bilked a prominent hotel company out of more than $20 million from 2008 through 2010. The scheme allegedly involved paperwork in one transaction that bore the signature of a man who had been dead for months. Host Hotels & Resorts Inc., one of the nation's largest hotel owners, whose properties include the Four Seasons Hotel and the Airport Marriott in Philadelphia, contends in its lawsuit against Fox Rothschild that two of its partners aided a Virginia real estate broker in establishing sham partnerships, in which the broker held an undisclosed interest.
NEWS
May 30, 2014 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
DELAWARE COUNTY residents of a certain age will remember Shooster's Drive-In Restaurant in Chester. It was a popular hangout for teens, but it catered to everyone with an appetite for burgers, shakes and chicken in the basket. You might have run into Bill Haley and his Comets there, the singers who were among the groups that started rock 'n' roll back in the '50s, and who had an office and studio in Chester. The ditty, "We're boosters for Shooster's," rang out from local radio ads for many years.
NEWS
May 25, 2014 | By Jason Nark, Daily News Staff Writer
VINELAND, N.J. - It's the magic hour just before sunset, and the sandy soil around John DeLeonardis' shoes glows like gold, the sky a bowl of rainbow sherbet. Problems have piled up on this late Saturday afternoon, and soon the spring peepers will quit croaking and the darkness is going to settle over this empty-looking lot in Cumberland County. That's when customers in cars will expect the movie projector to kick on, to send them back like a time machine and fill their night with monsters and superheroes here at the Delsea Drive-In, the last outdoor theater open in the state that started them.
REAL_ESTATE
May 25, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
Research by a pair of professors at the University of Chicago Booth School of Business has found that "shabby urban neighborhoods are the wisest choice" for real estate investors. Savvy investors, study authors Veronica Guerrieri and Eric Hurst say, "are looking for a place to park their money in preparation for the next boom. " The most promising urban real estate can be found in rundown neighborhoods bordering upper-class areas, they say. From my observations in Philadelphia (and Chicago, New York and San Francisco)
BUSINESS
May 16, 2014 | By Harold Brubaker, Inquirer Staff Writer
Gaming & Leisure Properties Inc. agreed to buy Meadows Racetrack & Casino, near Pittsburgh, from Cannery Casino Resorts L.L.C. for $465 million, the Wyomissing, Pa., company said. Meadows, in Washington Township, is the second casino in Western Pennsylvania - where new Ohio casinos have cut into revenue - to come under a sales agreement. The sale of MTR Gaming Group Inc., which owns Presque Isle Downs & Casino in Erie, is scheduled for completion in the second half of this year. Meadows opened in 2007 and has 3,317 slot machines, 61 table games and 14 poker tables.
REAL_ESTATE
May 12, 2014 | By Erin Arvedlund, Inquirer Staff Writer
Mary Harris needed a steady stream of income to help pay the cost of sending her young son to Chestnut Hill Academy. So she found a property to buy and renovate, one where she could become a landlord for the first time. When she had her first child at 40, Harris said, she realized that "I had the entrepreneurial drive, and I wanted a property I'd be excited to see everyday. " "Plus, my son was born in 2006, and I needed to pay his tuition" starting in 2012. "From an investment standpoint, I need the income for the next 16 years, and being a landlord makes a lot of sense as passive income.
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