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BUSINESS
January 29, 2016 | By Jacob Adelman, Staff Writer
An investment group has purchased the site of the failed Walter D. Palmer Leadership Learning Partners Charter School near Northern Liberties, with plans for the parcel that could include housing and retail use. American Investment Partners acquired the 1.5-acre parcel at 910 N. Sixth St. on Jan. 15, according to Andrew Yaffe, the group's president. He would not say how much the group paid. The transaction, about a year after the Palmer school abandoned the property, comes amid a flurry of real estate activity in the West Poplar neighborhood, just west of heavily redeveloped Northern Liberties.
NEWS
January 21, 2016 | By Jacob Adelman, STAFF WRITER
The former site of South Jersey's Logan Township airport has been purchased by J.G. Petrucci Co. of Asbury, N.J., which plans to develop the 76-acre parcel for industrial use. J.G. Petrucci bought the Gloucester County site from an entity called Corporate Enterprises Inc., NAI Mertz, which represented the seller, said in a release late Monday. A purchase price was not disclosed. The land is near Logan Township's Pureland Industrial Complex, which is used by Amazon Inc., Home Depot Inc. and other national retailers, NAI Mertz said.
SPORTS
January 19, 2016 | By Dick Jerardi, Daily News Columnist
MY TOP FOUR NCAA Tournament seeds if the selections were today. East – North Carolina South – Oklahoma Midwest – Kansas West – Villanova The Wildcats have been helped by so many top teams losing so many games recently. Much will change between now and Selection Sunday. Sites are assigned by the rankings of the Selection Committee, with the higher-rated teams getting the closer sites. In my mind, Oklahoma would be ranked first today, followed by Kansas, UNC and 'Nova.
NEWS
January 17, 2016 | By Jan Hefler, Staff Writer
A Gloucester County family that acquired a contaminated thermometer plant and converted it into a day care center, exposing children to toxins, must contribute toward the $2 million cleanup cost and $4 million in damages, a New Jersey appeals panel ruled this week. The panel upheld a 2014 Superior Court ruling that James Sullivan III and his siblings are liable for the cost the state incurred when it shut the Kiddie Kollege building in Franklin Township, demolished it, and cleaned up the site.
NEWS
December 23, 2015
CHESTER COUNTY Historic site to be preserved A historic 553-acre swath of land in Chester County will be preserved after a yearlong project to keep it from development. The Warwick Furnace Farm, along the French Creek in Warwick and East Nantmeal Townships, will be turned into a nature preserve and conserved through a joint effort involving the French and Pickering Creeks Conservation Trust. "It's hard to overstate the value of this property and its preservation," Cary Leptuck, French and Pickering board president, said in a statement Monday.
NEWS
December 20, 2015 | By David O'Reilly, Staff Writer
The developer seeking to create a residential drug and alcohol rehabilitation center on the Bancroft School campus in Haddonfield said Friday he was close to acquiring an alternative property in a nearby town. "We are in negotiations and should have something to report very soon," said developer Brian O'Neill, CEO of Recovery Centers of America. O'Neill declined to name the municipality "until we have a settlement," but he said it was "very close" to Haddonfield. He added, however, that "we still plan to build at Bancroft if that deal falls through.
BUSINESS
December 11, 2015 | By Jane M. Von Bergen, Inquirer Staff Writer
Two years ago, the first day of summer was the last day in the life of Mark T. Smith, 52, a construction worker who fell 45 feet to his death while repairing a roof at Old Zion Lutheran Church on North Broad Street. Wednesday marked the beginning of a new episode for Smith's boss, roofer James J. McCullagh, 60, of Meadowbrook, who pleaded guilty in federal court to six charges in connection with the fall that killed Smith. McCullagh faces up to 25 years in prison at sentencing March 29. "Obviously, he feels sorry about what happened to his friend," said McCullagh's lawyer, Michael McDermott.
NEWS
December 11, 2015 | By Jacob Adelman, Inquirer Staff Writer
Miami-based home-building giant Lennar Corp. has acquired more than 450 homes and buildable home sites, including properties in Southeastern Pennsylvania and South Jersey, from Orleans Homes of Bensalem. The purchases "will immediately establish Lennar in the Pennsylvania marketplace while expanding our presence throughout the region," New Jersey Division president Don Bompensa said in a release Wednesday. The properties are situated within communities of single-family residences and townhouses in Concord, Yardley and Blue Bell; Medford, Moorestown and Jackson, N.J.; and Wallkill, N.Y. Financial terms of the transaction were not disclosed.
NEWS
December 3, 2015 | By Jacob Adelman, Inquirer Staff Writer
The buyer of the Frankford Chocolate Factory site at 2101 Washington Ave. paid $7.8 million for the 100,000-square-foot property, according to records filed with the city. Kennett Square-based 2101 Washington Real Estate L.P. closed on the 126-year-old industrial building and surrounding land on Nov. 6, according to the filings. The group is exploring its options for developing the site, vice president Jacob Ketcham said Tuesday. The property had been purchased in 2007 by the late New York property mogul Truong Dinh Tran's Alphonse Hotel Corp.
BUSINESS
November 11, 2015 | By Jacob Adelman, Inquirer Staff Writer
The Frankford Chocolate Factory site on Washington Avenue has been sold to developers who are said to be planning a mixed-use project, the latest move to bring homes, shops, and offices to the industrial strip. On Monday, the 100,000-square-foot property at 21st Street was sold to a consortium of buyers that plans to develop the site, said Robert Fahey, an executive vice president at commercial real estate services firm CBRE in Philadelphia. One of the buyers, Anthony Nguyen, confirmed the acquisition but declined to provide other details.
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