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BUSINESS
December 4, 2015 | By Suzette Parmley, Inquirer Staff Writer
Retailers across the region claimed a successful Black Friday weekend, with the heaviest traffic in years at area shopping malls. Although more people than ever are doing their holiday shopping online, two of the area's biggest malls reported substantially more shoppers in their stores than on the typical weekend. More than 95,000 people went through Cherry Hill Mall on Black Friday alone, said Lisa Wolstromer, the mall's team marketing director. That compares with the usual Friday mall crowd of about 25,000 shoppers, she said.
NEWS
November 25, 2015 | By Jacob Adelman, Inquirer Staff Writer
Nashville-based Southern Land Co. has cancelled its request to demolish the 1855-vintage Rittenhouse Coffee Shop building at 1904 Sansom St. near Rittenhouse Square, as part of its plan for a mixed-use tower project. Southern Land attorney Neil Sklaroff said in a letter to the Philadelphia Historical Commission Monday that it was withdrawing its application to designate the coffee shop's preservation as a hardship. The company is still seeking clearance to demolish two other historically protected structures, the Warwick apartment building and the Oliver Bair funeral home, it said on Friday.
BUSINESS
November 22, 2015 | By Jacob Adelman, Inquirer Staff Writer
The company planning a retail, residential, and office tower near Rittenhouse Square says it is withdrawing a request to demolish one of three historical structures nearby as part of its development plan. Nashville-based Southern Land Co. will withdraw its application to the Philadelphia Historical Commission to demolish the 1855-vintage Rittenhouse Coffee Shop building at 1904 Sansom St., the company said in a statement Friday. But its applications to demolish the Warwick apartment building, built in 1903, and the Oliver Bair funeral home, from 1910, will remain in place, the company said.
NEWS
November 19, 2015
ONE AREA in which I'm not happy to have had a lot of financial experience is in planning funerals. I've had to pay for or help arrange funerals for my grandfather, grandmother, two brothers, great aunt, brother-in-law, father-in-law and, most recently, my mother. And although the staff at the funeral homes were kind and professional, one thing was consistently frustrating: I couldn't get any price information on the Internet. I had to call. And still, I never got a full sense of the costs until I actually visited the homes.
BUSINESS
November 19, 2015 | By Suzette Parmley, Inquirer Staff Writer
Change is in the air at Suburban Square, dubbed by some as the "downtown of the lower Main Line. " With the intended departure of anchor Macy's in early 2016, a handful of retailers have either signed long-term leases or short-term ones, known as "pop ups," to test the well-heeled market over the holiday shopping season. Pam Ahrens of Ardmore sampled Ellelauri - a women's contemporary clothing store and one of three pop-up shops - for the first time Tuesday. Inside, she bought a pair of $198 7 for All Mankind jeans and a silk blouse caught her eye. "I like the things in there," said Ahrens, an executive for a furniture company.
NEWS
November 16, 2015 | By Lisa Scottoline, Inquirer Columnist
You may have seen the news story that one of the major big-box stores has applied for a liquor license, which would allow consumption on premises. In other words, you could drink while you shop. Yay! Happy days are here again! Reportedly, the store is doing this because it's expanding its grocery and food items, but I don't care why. Bottoms up! I already love shopping in big-box stores. Why? Everything is BIG! If you need to buy laundry detergent, the smallest bottle is 187 ounces.
SPORTS
November 13, 2015 | By Jake Kaplan, Inquirer Staff Writer
BOCA RATON, Fla. - The list of ways to acquire talent has dwindled in recent years as teams lock up their star position players to long-term deals earlier in their careers. Free agency, as new Phillies general manager Matt Klentak has said, is not the best place to invest when looking to acquire surplus value. Drafting effectively on a consistent basis is crucial to sustained success. But so is funneling talent into your farm system through the international market. "I think it's critical to any operation," Klentak said on Wednesday, the final full day of the GM meetings.
BUSINESS
November 11, 2015 | By Harold Brubaker, Inquirer Staff Writer
The financial pain of a two-week hospital stay 15 years ago for a heart ailment gives Patricia Johnstone a sharp focus when she shops for private Medicare insurance. "The hospital is the main thing I'm concerned about," said Johnstone, 75, who with her husband, Robert, attended a Health Partners Plans information session last week at the Wegmans market in Collegeville. The Johnstones were unsettled when they heard that hospital stays would cost up to $295 a day for the first six days under Health Partners, which is expanding its Medicare business into the Pennsylvania suburbs next year.
NEWS
November 5, 2015 | By Jacob Adelman, Inquirer Staff Writer
An investment fund operated by New York's Square Mile Capital Management has originated a $26.8 million mortgage loan for the Penrose Plaza shopping center in Southwest Philadelphia, the company said in a release on Tuesday. Square Mile Capital Partners is funding the center's recent acquisition and planned capital expenditures by a joint venture of Onyx Properties, Abrams Realty & Development, and Siguler Guff. The 261,000-square-foot property at 2900-3000 Island Ave. is anchored by a ShopRite supermarket.
NEWS
October 16, 2015 | BY VINNY VELLA, Daily News Staff Writer vellav@phillynews.com, 215-854-2513
NOTHING WAS going to stop these thieves. Not a locked basement door, not two solid walls, not even an industrial-grade safe. They wanted the goods, and they got them Wednesday night, cleaning out about $250,000 worth of diamonds and fine jewelry from Time & Gold, a shop in the heart of Center City. "I couldn't believe it; it was like part of a movie," Danny Hosmi, the store's owner, told the Daily News hours later on the sidewalk outside his ruined business, on 19th Street near Chestnut.
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