Owner Anthony Cerrone says the hotel project is what “the city needs” to help it recover from the economic consequences of the coronavirus pandemic.

The refinery's new owners plan to build a vast warren of giant warehouses after first leveling the soil on the contaminated site to lift most of it above flood levels.

As coronavirus cases surge across the U.S. again, employers are considering how and when to bring employees back to the office.

The Philadelphia Redevelopment Authority voted last week to sell the city-owned firehouse at 1221 N. Fourth St., north of Girard Avenue, for $1.6 million to a company affiliated with developer Jeffrey Tubbs.

The proposed 299-unit building, outlined last week in a presentation to the Center City Residents Association, would replace an aged parking garage on the 1600 block of Sansom Street.

Even if a vaccine is perfected, the virus is likely to have lasting impacts on dense cities like Philadelphia, especially its high-rise buildings, eateries, retailers, mass transit, colleges, and local governments.

The Malmo, Sweden-based firm has a lease for 6,000 square feet at the property now owned by investment firm Alliance HSP of Bryn Mawr.

A New Jersey task force investigating the state’s multi-billion-dollar tax incentive program issued its final report on Thursday, finding that companies won tax breaks to keep jobs in New Jersey, even when those jobs were not actually at risk of leaving the state.

The growing list of loans in danger of default reflects deepening concern that owners of all types of property will begin missing mortgage payments en masse, as their shuttered or otherwise cash-starved tenants increasingly fail to make rent.

A year after a disastrous fire shut down the Philadelphia Energy Solutions refinery, the bankrupt complex was sold to a Chicago developer that promises to generate thousands of jobs and rebuild the site as an “environmentally responsible” commercial hub.

A Chicago development company will get almost all of the last-minute price cut it sought to buy the bankrupt Philadelphia Energy Solutions, setting the stage for the sale of the 1,300-acre refinery complex to close.

Commonwealth Court acknowledged that its decision might cause legislators to change the Keystone Opportunity Zone law.

A year after a devastating fire shut down the Philadelphia Energy Solutions refinery, a Chicago development company on the verge of buying the bankrupt 1,300-acre property is seeking a last-minute break in the sales price.