From the Philadelphia Business Journal

Lovell Minnick closes acquisition of M&A support service company
Wednesday November 14th, 2018 07:34:14 PM Jeff Blumenthal
The Radnor-based private equity firm has bought at least three other firms this year, as it plans to raise another $1 billion and start a fifth fund.
Forbes ranks MLS team values & Philadelphia Union is near bottom of the league
Wednesday November 14th, 2018 07:27:18 PM John George
The Philadelphia Union ranked 18th in value among Major League Soccer's 23 clubs, according to a report released Wednesday by Forbes.Atlanta United, which began play in the MLS two seasons ago, topped the list with a valuation of $330 million based largely on strong attendance, including a record-breaking 70,526 fans for a recent playoff game, and strong merchandise sales.The Philadelphia Union's valuation was $175 million, according to Forbes. That ranking placed the soccer club, which plays…
Phila.-based startup incubator 1776 closing existing D.C. campus, seeks new office
Wednesday November 14th, 2018 06:56:21 PM Andy Medici
Startup incubator 1776 plans to shutter its Washington, D.C., campus when its lease expires at the end of the year, saying it couldn't agree on new lease terms with building owner DivcoWest. But Philadelphia-based 1776 is "deeply committed to" a D.C. presence as part of its long-term expansion and has begun looking for a new location, roughly 15,000 to 20,000 square feet, to replace its office at 1133 15th St. NW, said CEO Jennifer Maher in an interview. She said Mayor Muriel Bowser's office has…
Bucks County medical-device company expanding its knee pain therapy portfolio
Wednesday November 14th, 2018 06:06:05 PM John George
OrthogenRx's second treatment for osteoarthritis pain will require fewer injections than its first.
Most expensive homes for sale in Camden County
Wednesday November 14th, 2018 05:09:07 PM Clara Lefton
Greater Philadelphia didn't get Amazon's HQ2, but we do have our own economic development miracle on the east side of the Delaware.Spurred on by the incentives of the Grow NJ program, Camden has become the home or future home of many corporate headquarters over the last couple years, including Subaru of America, the Philadelphia 76ers, NFI and American Water.We were curious about the effect of all that development on Camden County, which includes the city and many suburban and rural communities.…
Founders of Philadelphia med tech firm named to Forbes' 30 under 30
Wednesday November 14th, 2018 04:02:53 PM John George
The three co-founders of Philadelphia-based Proscia made it on the health care edition of this year's Forbes' 30 under 30 list honoring young business leaders and entrepreneurs.Proscia — founded in 2014 by David West, 24, Nathan Buchbinder, 25, and Coleman Stavish, 24 — is a medical technology company that is using artificial intelligence to improve how pathologists diagnose cancer.The company has developed a cloud-based platform featuring software that incorporates artificial intelligence…
American Airlines to cancel PHL-Mexico flights in 2019, months after launch
Wednesday November 14th, 2018 04:00:52 PM Kenneth Hilario
American Airlines, the dominant airline at the Philadelphia International Airport, in the new year will cancel flights between Philadelphia and Mexico City due to underperformance, months after services started.Texas-based American Airlines in July this year began new daily service between PHL and Mexico City's Benito Juárez International Airport, or MEX, with tickets available for purchase as early as March.Those flights will be no more. The carrier "made the difficult, but necessary" decision…
Former Philadelphia Deputy Mayor Richard Negrin takes ComEd role in Chicago
Wednesday November 14th, 2018 02:54:36 PM Jeff Blumenthal
In his almost three decades in Philadelphia, Negrin served as city managing director, ran for DA, served as an assistant DA and held roles at Aramark Corp, Morgan Lewis & Bockius and Obermayer Rebmann Maxwell & Hippel.
$3.3M Maplewood Mall remake to break ground in 2019
Wednesday November 14th, 2018 01:29:26 PM Jake Blumgart
On a typical day, the intersection of Germantown and Chelten bustles with life as shoppers weave from stores to sidewalk, and honking cars navigate traffic.But turn the corner, and you are in a different world.Maplewood Mall is leafy, quiet, and paved with bricks. Instead of chain retailers and fast-food restaurants, a health food store sells vitamins and herbs, up the street from a vegetarian eatery, and a storefront where an artisan repairs rush and cane chairs.“People who first come in…
Pa. was willing to pony up $4.6B for HQ2
Wednesday November 14th, 2018 01:28:18 PM Natalie Kostelni
The race to land Amazon's second headquarters prompted Pennsylvania to come up with a new tax payer-funded incentive program. Will it be used for other companies in the future?





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