Thursday, January 29, 2015
Last Updated: January 29, 2015 05:47am ET

Philadelphia

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  • Philly Fed Says Mfg Slowed in January
  • PHILADELPHIA, PA—Manufacturing activity in the Philadelphia region increased modestly in January, according to firms responding to the Philadelphia Fed’s Manufacturing Business Outlook Survey. The survey’s current indicators for general activity and new orders fell from their readings in December, suggesting a slower pace of growth. FULL STORY

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  • Former Trump Tower Waterfront Project Site for Sale
  • PHILADELPHIA—The Delaware River waterfront development site dubbed Pier 35 ½ that was to be home to a high-rise Trump Tower is on the market for sale. FULL STORY

  • Philadelphia Fed: Manufacturing Activity Slowed in January
  • PHILADELPHIA, PA—Manufacturing activity in the Philadelphia region increased modestly in January, according to firms responding to the Philadelphia Fed’s Manufacturing Business Outlook Survey. The survey’s current indicators for general activity and new orders fell from their readings in December, suggesting a slower pace of growth. FULL STORY

  • Rite Aid to Build Major Distribution Center in SC
  • SPARTANBURG, SC—Drug store retail chain Rite Aid Corp. reports it plans to build a new 900,000-square-foot distribution center here, the first new distribution facility in 15 years for the Camp Hill, PA-based firm. FULL STORY

  • Commercial Space Available at Valley Forge Historical Park
  • UPPER MERION, PA—The National Park Service has made several historical buildings at the Valley Forge National Historical Park here available or commercial use. Several deals are in negotiation already, including one at the famed Maurice Stephens House. FULL STORY

  • American Bible Society to Move From NYC to Philly
  • PHILADELPHIA—The American Bible Society is relocating its corporate headquarters from 1865 Broadway in New York City to 401 Market St. here. FULL STORY

  • Equus’ Pasquarella Sees Foreign Capital Causing Cap Rate Compression
  • RealShare Philadelphia Preview Series PHILADELPHIA, PA—US commercial real estate markets can expect to see cap rate compression, rental rate growth, and declining vacancy in 2015, with the pressure coming from foreign capital fleeing political and economic turmoil abroad, says Arthur Pasquarella, executive vice president and chief operating officer of Equus Capital Partners, Ltd., one of the panelists featured at ALM’s RealShare Philadelphia Conference February 10 at the historic Union League Club. FULL STORY

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