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PREIT to Cut Dividend, Capital Projects and Takes Other Measures to Improve Liquidity
The Philadelphia-based retail REIT estimates the measures will create nearly $300 million in incremental liquidity.
National Law Firm to Shift Philadelphia Area Office to Center City
The law firm has signed a lease for space on the 12th floor of the 35-story tower building and expects to take occupancy in April.
Big Three Automakers Agree to Suspend Production in North America Due to Coronavirus
The deals were announced on Wednesday by the three major automakers. Following Thursday evening shifts, Ford is temporarily suspending production at its manufacturing sites in North America to March 30 to thoroughly clean its facilities to protect its workforce and boost containment efforts for the COVID-19 coronavirus.
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