From the Philadelphia Business Journal

NRG announces $300M acquisition of electricity and natural gas retailer
Monday May 20th, 2019 06:31:21 PM Michelle Caffrey
Princeton-based NRG Energy has agreed to acquire Stream Energy's retail electricity and natural gas businesses for $300 million, it announced Monday. The all-cash transaction is designed to "strengthen NRG’s position as a growing, customer-driven energy company. It represents another step in perfecting our integrated business model,” NRG CEO Mauricio Gutierrez said in a statement. “Stream Energy’s retail energy business provides NRG an attractive opportunity to increase our national retail…
National Museum of American Jewish History CEO to step down
Monday May 20th, 2019 06:26:15 PM Kenneth Hilario
The CEO of the National Museum of American Jewish Museum will step down at the end of June.Ivy Barsky on Monday announced her tenure will end on June 30, nearly seven years after she became chief executive and director of the Old City institution, in July 2012.The National Museum of American Jewish History tells the story of the Jewish experience from an American perspective, centering on the theme of freedom. It was founded in 1976 and was previously located on a smaller parcel a half block…
Buildings at Marsh Creek Corporate Center trade
Monday May 20th, 2019 06:22:35 PM Natalie Kostelni
Three properties were sold this time around and are part of a bigger complex.
Hershey's 1st café is a sweet topping to $15M Independence Visitor Center refresh
Monday May 20th, 2019 06:13:38 PM Kenneth Hilario
The Independence Visitor Center completed its $15 million with something sweet — a new café concept from The Hershey Company.
Iron Hill to open 11th Pa. restaurant in Bucks, a step closer to 20 by 2020 plan
Monday May 20th, 2019 05:59:46 PM Kenneth Hilario
Iron Hill Brewery & Restaurant will expand with their 11th location in Pennsylvania in Bucks County, a step closer to its goal to have 20 restaurants by next year.Iron Hill, which last year opened at the East Market development in Center City, signed a lease to open at South Eagle Road in Newtown, Pa, at the $35 million Village at Newtown Shopping Center, which was first approved in September 2017. That location is slated to open in 2020.The original plan by Brixmor Property Group called for…
Montco bank adds first South Jersey lending team
Monday May 20th, 2019 05:57:31 PM Jeff Blumenthal
The trio from Berkshire Bank will open a loan production office in either Moorestown or Cherry Hill.
Ivy Realty buys two Phila. apartment buildings
Monday May 20th, 2019 05:50:49 PM Natalie Kostelni
One property is on Callowhill Street, the other in University City.
Some old Philadelphia churches are getting new life as boutique hotels, apartments and retail spaces
Monday May 20th, 2019 05:45:36 PM Natalie Kostelni
The Deacon is an Airbnb and event space at a converted church in the Graduate Hospital neighborhood of Philadelphia.
WSFS completes sale of five branches to NJ bank
Monday May 20th, 2019 05:26:52 PM Jeff Blumenthal
WSFS Financial Corp. has completed the sale of five South Jersey branches to The Bank of Princeton.Under the agreement reached in February, The Bank of Princeton (NASDAQ: BPRN) agreed to purchase the following Beneficial branches: Bordentown, Browns Mills and Chesterfield in Burlington County; Sicklerville in Camden County; and Sewell in Gloucester County. Those were locations Wilmington-based WSFS (NASDAQ: WSFS) added as part of its $1.2 billion acquisition of Beneficial Bancorp earlier this…
Jefferson rolls out plan for South Philly refugee and immigrant wellness center
Monday May 20th, 2019 05:25:06 PM John George
Jefferson Health and its affiliated Philadelphia Collaborative for Health Equity unveiled plans Monday to create a $5 million community wellness center that will serve immigrants and refugees in South Philadelphia.The Hansjörg Wyss Wellness Center will be created inside the Bok Bulding — a former vocational school on the1900 block of South Ninth street that's been transformed and now hosts a variety of small businesses and art studios. The wellness center project has already attracted a $3.1…





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