RETAIL

VR GOES
SHOPPING 10

AMAZON HQ2

HAPPY TO
BE IN THE
RUNNING
Chariot Solutions
Am

CMO and
er

TechGirlz founder
ica

Tracey Welson-
Rossman muses
n
Ci

that 20 years ago Philadelphia

CITY OF
ty

PHILADELPHIA probably wouldn’t have been

v.
a candidate to land Amazon’s
Bu

second headquarters.
s

EASY
ine

MICHELLE CAFFREY, 8
ss
Jo

TARGET
ur

REAL ESTATE
na

Modular apartments
ls

set for 40th & Pine

-

A project seven years in the

No

making, Luna on Pine, will finally be

constructed. NATALIE KOSTELNI, 4
tf

The city sued Wells Fargo for BANKING

or

discriminatory lending, but a new BB&T cutting more

c om

analysis raises questions about why S. Jersey locations

the bank was singled out.
m

BB&T Bank will close two more

branches as it continues to prune its
er

retail network. JEFF BLUMENTHAL, 12

cia
lu
se

COVER STORY
BY JEFF BLUMENTHAL, Economic
14-17
Development 20
GETTY IMAGES

PHILADELPHIA Breaking news online

BUSINESS JOURNAL
March 16, 2018
r PBJ.com
Vol. 37, No. 6, $4.99 Follow us on Twitter
400 Market St. @PHLBizJournal
Suite 1200
Philadelphia, PA 19106 Daily email updates
L bit.ly/PBJemail
2  PHILADELPHIA BUSINESS JOURNAL

HOME PAGE
Share new hires, promotions
and executive’s accolades
with our influential audience.
Check out page 18 for
this week’s announcements!
R BUSINESS PULSE R GET MORE

WE
ASKED:

What’s your
meeting PBJ.COM
plan? Visit the Business Journal online for the
latest breaking news, Web exclusives,
videos and daily updates. Go to our
website at www.pbj.com
Am

BREAKING NEWS
DOES GREATER PHILADELPHIA KNOW YOUR NAME?

er

Sign up for our morning and afternoon

editions delivered daily to your email
ica

inbox at bit.ly/PBJemail
n

SUBSCRIBE
Ci

Subscribe or make changes to your

ty

current subscription by calling Jason

Garrison at 215-238-5126 or jgarrison@
Bu

bizjournals.com. You can also subscribe at

pbj.com/subscribe
s ine

YOU REPRINTS
ANSWERED:
Capitalize on positive news and grow your
ss

business. Get the word out with reprints,

57% 25% 8% 7% 3% e-prints and commemorative plaques.
Jo

Contact Jason Garrison at 215-238-

Mid-morning Early morning, Noontime, Mid-afternoon End of day 5126 or jgarrison@bizjournals.com. The
ur

bringing in bringing in Philadelphia Business Journal is the only

breakfast lunch
na

authorized provider of reprint products.

ls

R CONTACT US EVENTS
-

The Philadelphia Business Journal hosts

No

MARKET PRESIDENT SENIOR ADVERTISING more than 30 networking, award and

SENIOR REPORTER:
AND PUBLISHER: ACCOUNT EXECUTIVE: educational events each year. View the
John George
tf

Sandy Smith 215-238-5137 Katherine Siravo schedule and register for events at
215-238-5100 jgeorge@bizjournals.com 215-238-5130 pbj.com/event
or

ssmith@bizjournals.com ksiravo@bizjournals.com
REPORTER: BEST REAL ESTATE DEALS OF 2017
EDITOR-IN-CHIEF: SENIOR ADVERTISING
c

Jeff Blumenthal ACCOUNT EXECUTIVE: Thursday, March 22

Craig Ey
om

215-238-5136
215-238-5134 jblumenthal@bizjournals.com Mike Zirbser 5–8 pm
cey@bizjournals.com 215-238-5128 SugarHouse Casino
mzirbser@bizjournals.com
m

REPORTER: 1001 N. Delaware Ave., Philadelphia

MANAGING EDITOR:
Michelle Caffrey
er

Dell Poncet CREATIVE SERVICES

215-238-5132
215-238-5147 DESIGNER:
mcaffrey@bizjournals.com
cia

dponcet@bizjournals.com Gabrielle Frake

215-238-5115 R COMING UP
REPORTER:
CREATIVE DIRECTOR: gfrake@bizjournals.com
Kenneth Hilario
lu

John Spencer 215-238-5145

215-238-5150 EVENTS DIRECTOR:
khilario@bizjournals.com
se

jspencer@bizjournals.com Angelica Garcia

REPORTER: 215-238-5111
DIGITAL PRODUCER: agarcia@bizjournals.com
Natalie Kostelni
Alison Burdo 215-238-5139
215-238-5142 nkostelni@bizjournals.com AUDIENCE DEVELOPMENT RR March 23: CRE brokers
aburdo@bizjournals.com DIRECTOR:
SENIOR ADVERTISING Jason Garrison RR March 30: Meeting sites
DIRECTOR OF RESEARCH: ACCOUNT EXECUTIVE: 215-238-5126
Sharon Oliver Arin Carpenter jgarrison@bizjournals.com
215-238-5146 215-238-5122
soliver@bizjournals.com acarpenter@bizjournals.com AUDIENCE DEVELOPMENT
ACCOUNT EXECUTIVE:
SPECIAL PROJECTS SENIOR ADVERTISING Betty Michelli AMERICAN CITY BUSINESS JOURNALS

PRODUCER: ACCOUNT EXECUTIVE: 215-238-5109 The Business Journal is a publication of American City Business
Clara Lefton Brent Harris bmichelli@bizjournals.com Journals Inc.,120 W. Morehead Street, Suite 400,
215-238-5141 215-238-5125 Charlotte, NC 28202. Whitney Shaw, President and CEO; Ray
OFFICE ADMINISTRATOR & Shaw, Chairman (1989 to 2009)
clefton@bizjournals.com bharris@bizjournals.com EVENTS COORDINATOR:
Sierra Quinn PHILADELPHIA BUSINESS JOURNAL (ISSN 0744-3587) is
215-238-5106
published weekly by CityBusiness/USA LLC, 400 Market St. Suite
squinn@bizjournals.com 1200, Philadelphia, PA 19106. Periodicals Postages Rates paid
at Philadelphia, Pennsylvania and additional mailing offices.
Subscription rate is $140 for one year.
POSTMASTER: Send address corrections to Philadelphia
Business Journal, 400 Market St. Suite 1200, Philadelphia, PA
R  NEWS TIPS R  CORRECTIONS 19106.
COPYRIGHT 2018 Philadelphia Business Journal. All rights
reserved. Reproduction or use, without permission, of editorial
Contact reporters directly or send Fair and accurate coverage is at the heart of our mission. We will promptly or graphic contents in any manner is prohibited. All submissions
news tips, letters to the editor or print corrections of substantive errors. If you believe incorrect or unfair become the property of the Philadelphia Business Journal and
op-ed columns to Managing Editor Dell information has appeared in the Philadelphia Business Journal, please contact will not be returned. Submissions may be edited and may be
Poncet at dponcet@bizjournals.com. Editor-in-Chief Craig Ey. published or otherwise used in any medium.
MARCH 16, 2018 3
BIOTHERAPIES
FDA unit flags CSL Behring brochure
BY JOHN GEORGE
jgeorge@bizjournals.com
T
he Food and Drug Administration
has called a foul on a Montgomery
County biopharmaceutical compa-
ny for the promotional material it is using
to help market a hemophilia B product.
The material in question is a patient
brochure CSL Behring in King of Prussia,
used for Idelvion, a medicine prescribed
Am
to manage bleeding and reduce bleed-
ing episodes in patients with hemophil-
er
ia B. The brochure contain an image of a
man playing soccer and the tagline: “He’s
free to infuse only once every 14 days. Are
you?”
Hemophilia B is a rare hereditary
bleeding disorder caused by a lack of
blood clotting factor IX.
In a letter to CSL Behring, the FDA’s
Advertising and Promotional Labeling
Branch (APLB) noted soccer is consid-
ered a moderate- to-dangerous, high-risk
activity for hemophilic patients because
of the bleeding risk associated with the
cuts, scrapes, contusions and similar inju-
ries that can occur.
YOU WORK THE ROOM.
WE’LL WORK
THE FINANCING.
©2018 Wilmington Savings Fund Society, FSB | Member FDIC | NMLS#417673
NEWS
CSL Behring replaced an image of a
soccer player with a golfer.
“The soccer player depicted in your
materials appears ready to engage in
heading or kicking the ball while he is
ica
jumping high in the air,” the APLB states.
“The initial impact of heading a ball could
n
result in various injuries, including, but
Ci
not limited to, intracranial bleeding from
injury or trauma, a contusion, injury of
ty
the face, or concussion. Subsequently,
Bu
the secondary impact from landing after
jumping high in the air could cause inju-
s
ry to the joints or bones. A patient being
ine
treated through a routine prophylaxis reg-
imen with Idelvion, and whose hemo-
ss
philia is well-controlled, will neverthe-
less still have a serious risk for bleeding
Jo
while engaging in such activities.”
ur
na
ls
WSFS Bank has more business products and services that work—from a broad range of lending options to Business
Associates to guide you through them. Whatever you’ve got in the works, we’ll help you secure the financing to
win the business. And once you get it, we’ll even help you maintain it more effectively, with in-house management
advice and services. We’re WSFS Bank, and we stand for what’s possible. We Stand For Service.
The APLB stated in patients with
hemophilia, once bleeding occurs,
bleeding is prolonged, and such patients
may experience bleeding even weeks
after an injury. The FDA unit went on to
note persistent joint or muscle bleeding
can lead to decreased mobility and func-
tion, or even permanent disability for
these patients — and that one of the most
serious types of bleeding that can occur
within the body is intracranial bleeding
from injury or trauma.
“Overall, your claims and presenta-
tions misleadingly imply that hemo-
philiacs taking your product can engage
in moderate-to-dangerous high-risk
activity without consequences and that
such activities are appropriate for typi-
cal patients with hemophilia using this
product,” the APLB stated in its letter.
CSL Behring is owned by CSL Ltd. is
a specialty biopharmaceutical company
based in Parkville, Australia.
The APLB has requested that CSL
Behring immediately cease the dissem-
ination of the promotional materials for
Idelvion, as well as any other promo-
tional materials with the same or simi-
- No
tf
or
c om
m
er
cia
lu
se
Give your projects a solid financial foundation.
lar claims and presentations.
A CSL spokeswoman said the com-
pany’s Idelvion campaign was “aimed at
empowering patients” with hemophilia B
to take control of their condition, and to
encourage them to lead active and healthy
lives. “However,” the spokeswoman said,
“we acknowledge the FDA’s authority in
this matter and have already begun to
update our imagery to reflect activities
that are lower impact.”
The company has already replaced the
image of the soccer player with an image
of a man playing golf.
The FDA granted marketing clearance
for Idelvion in March 2016.
At that time, CSL Behring described
Idelvion as a long-acting recombinant
albumin fusion protein and only hemo-
philia B therapy offering up to 14-day dos-
ing for appropriate patients. The therapy,
the company said, helps patients maintain
factor IX activity levels over a long peri-
od of time — which provided them with
greater freedom from frequent infusions.
Factor IX is a protein produced naturally
in the body that helps the blood form clots
to stop bleeding.
WSFSBANK.COM / 1.888.WSFSBANK
4  PHILADELPHIA BUSINESS JOURNAL
ON REAL ESTATE
I NKOSTELNI@BIZJOURNALS.COM
R R THE FINE PRINT
$16.6 million
Dynasty Court, a 56-unit
apartment building at 1003-
1011 Race St. in Philadelphia’s
Chinatown sold for $16.6 million.
The property has five retail spaces
and parking for 21 vehicles. It
was built in 1982. John Wei of
Am
United Development was the
buyer. Andrew Townsend, Ridge
MacLaren and Clarke Talone of
Marcus & Millichap arranged the
transaction.
$14.5M
The developer of an apartment
complex called Skye 750 has
lined up $14.5 million in preferred
equity for the project and its
245 units off 750 Moore Road in
King of Prussia. Holliday Fenoglio
Fowler secured the funds with
Parse Capital, a Scottsdale,
Ariz., company that invests in
multifamily projects. The project
is being developed by LeCesse
Development Corp., an apartment
developer from Altamonte
Springs, Fla. The development
site had been owned and taken
through the approval process
by O’Neill Properties Group.
The project involves a five-story
building in which units will
average 1,000 square feet. It is
expected to be completed in
early 2020. Gregg Shapiro and
Ryan Ade of HFF represented the
developer in the transaction.
$6.3M
Joss Realty Partners arranged a
$6.3 million acquisition of 18-20
W. Girard Ave. in the Fishtown
neighborhood of Philadelphia.
The mixed-use property has 15
new apartments above a street-
level commercial space occupied
by Sherwin Williams. The building
totals 14,500 square feet. The
seller wasn’t disclosed.
24,269 s.f.
Drexel University renewed a lease
on 24,269 square feet at 10 Shurs
Lane in the Manayunk section
of Philadelphia. The university
extended a lease for two years
on a portion of the space and
four years on the remainder of
the space. The space is used by
Drexel College of Medicine for
physician offices. Jim DiBianca of
Beacon Commercial Real Estate
and Jim Egan of Newmark Grubb
Knight Frank arranged the lease.
THE LONG WAIT IS OVER
MODULAR APARTMENT PROJECT FINALLY COMING TO 40TH & PINE
L
ater this month, tractor-trailers will
begin rolling in from Scranton to
40th and Pine streets in Universi-
ty City delivering sets of apartment units
that will have everything — walls, doors,
floors, cabinets and even the kitchen sink
er
— already installed.
ica
By the end of April, a five-story, 122-
unit apartment complex called Luna on
n
Pine will rise at 400 S. 40th St. and be
Ci
ready for renters to move in. It sounds
ty
pretty easy and, in many respects it is,
but the project has been seven years in the
Bu
making, having been held up by litigation
and neighbors fighting it. The Universi-
s
ine
ty of Pennsylvania, owner of the proper-
ty, has been trying to get something built
ss
on it for 13 years.
No matter, the developer Jonathan
Jo
Weiss of Equinox Management & Con-
struction persevered and Luna on Pine
ur
will finally come to fruition.
na
The $20 million project is a first in a
couple of regards. It will be the tallest
modular apartment complex in the city,
and at five stories, the tallest ever made
by Simplex Homes, the Scranton compa-
ny that makes prefabricated single-fam-
ily homes, townhouses and apartments.
While prefab homes have always had a
bit of a stigma since they have been asso-
ciated with trailer parks, modular con-
struction is increasingly gaining momen-
tum across the country. Universities are
using it for student housing and dorms
and the hospitality industry is starting to
embrace it for hotels where every room
and lobby has a standardized design.
There are several advantages to using
modular units and timing is the biggest.
“Nine months,” Weiss said about how
long it will take to build. “We’re doing it
in about nine months and it would have
taken double that to site build.”
Time also translates into savings when
it comes to interest payments on a con-
struction loan Equinox took out for the
project, Weiss said.
For a project that took so long to get
approvals and work through litigation, it’s
making up for lost time by going mod-
ular. Equinox received final approvals in
January 2017 and spent the following 10
months doing design work for the project.
“There’s a lot of coordination and a
lot of details,” Weiss said. “The major
coordination revolves around all of the
selections because it’s a factory timeline.
There’s a tight production line at the fac-
tory and all decisions need to be made in
BY NATALIE KOSTELNI
215-238-5139 @PHLBIZNKOSTELNI
A rendering of Luna on Pine
at 40th and Pine streets in
Philadelphia.
advance. You can’t have a building framed
and then see what makes sense.”
ls
Equinox enlisted Michael Schade of
Atkin Olshin Schade Architects of Phil-
-
adelphia to help with its design. Every
No
detail that would go into a site built proj-
ect — the color of carpeting, counter tops,
tf
faucets, doors, window, color of walls,
or
lighting, gets selected prior to the start of
constructing the units. The prefab units
c
om
are also outfitted with electric, plumb-
ing, sprinklers, and heating and air con-
m
ditioning units. The choices of what goes
er
into a unit get made early and once made,
there’s really no going back.
cia
Simplex Homes is a family-owned and
-operated company that has been mak-
lu
ing modular housing for 47 years. It has
se
two factories in Scranton of which one is
85,000 square feet and the other 45,000
square feet and it employs 260 people.
In 2006 and 2007, single-family homes
accounted for 75 percent of its work with
the remainder multifamily. The recession
re-calibrated that ratio. Multifamily now
accounts for 88 percent of its production.
“It’s changed dramatically,” said Dave
Boniello, vice president at Simplex. “It
wasn’t what we planned.”
Part of what makes the speed of mod-
ular housing so compressed is the units
are built in a controlled factory envi-
ronment and that eliminates complica-
tions from the weather. Each unit Sim-
plex builds is reviewed by a third-party
licensed inspector.
This isn’t Simplex’s first Philadel-
phia project, that one was completed 15
years ago but entering the market had
ATKIN OLSHIN SCHADE ARCHITECTS
its own challenges.
“We would need a
police escort,” Bon-
iello said. “In [con-
struction workers’]
mind, they thought
we were taking
work away.”
An open secret
Dave about modular
Boniello housing is it essen-
tially cuts out union
labor and therefore the expense that can
come with organized workers. Union
labor is used for the foundation work and
connections. The push back against mod-
ular development changed over the years
in Philadelphia and more prefab apart-
ments have been built in recent years.
One of the more prolific modular
builders in Philadelphia is Vaughan Buck-
ley Construction. Vaughan has completed
several projects and has a five-story mod-
ular apartment development proposed for
4125 Chestnut St. in University City.
Weiss finds that modular housing has
other benefits beyond cost and time sav-
ings. “There’s less impact to neighbors,”
he said.
The heaviest construction is often the
loudest and all of that has been condensed
since all of the framing has been done off
site, he said.
While Weiss of Equinox has been wait-
ing years to finally move forward with
Luna on Pine, the shortened construc-
tion time also means he can start leas-
ing apartments this spring rather than 18
months from now if it was built on site.
MARCH 16, 2018 5

MAKING MOVES
CARDONE INDUSTRIES
SHUFFLES REAL ESTATE
Cardone Industries is undertaking
several moves to position itself for the
future including jettisoning its Whitaker
Avenue distribution center in Northeast
in the suburbs. The company decided
to move administrative space to a
new location and had looked for more
than a year at buildings in Bensalem,
Montgomeryville, Conshohocken and King
of Prussia. As part of its search, it wanted
to be the only tenant in a building.
It settled on 15 Kings Grant Drive in Bala
Cynwyd. Zauflik said its proximity to its
Rising Sun property made it convenient. Formcraft is the architect for the Bala
About 120 employees will work from the Cynwyd and Rising Sun spaces.
Bala Cynwyd space.
Cardone signed a lease in excess
By next year, all of the work— renovating
Rising Sun, selling Whitaker Avenue and
of 10 years at 15 Kings Grant, which is
a 53,920-square-foot vacant building.
moving to Bala Cynwyd — should be
completed.
Q Read more on Cardone Industries’ moves by going to http://bizj.us/1piym4

Philadelphia, investing $15 million to

upgrade its Rising Sun Avenue property
into a new headquarters and, for the first
time, venturing to
the suburbs where
Are you connected to
Am

it has leased office

space.
er

The auto parts

remanufacturer is
the resources you need?
ica

taking these steps

as part of a two-year
n

assessment of its
operations.
When businesses find themselves with more
Ci

Cardone was
questions than answers, they look for help.
ty

George founded in the early

Zauflik 1970s in a storefront
Bu

in North Philadelphia
with four employees and has grown into That’s where EisnerAmper fits in. Our passion
s

one of the largest privately held automotive

is connecting businesses with the resources
ine

parts remanufacturers in the world.

The reorganization, which the company they need, when they need them, at every
ss

internally called “Going and Growing,”

hasn’t come without some pain. It decided
stage of the company’s life cycle. Wherever
last January to lay off 1,366 employees you are on your journey, make one of your
Jo

when it moved its brakes operations to

first connections EisnerAmper.
ur

Mexico.
It considered that division and its low-
na

tech operations, and decided they were

better suited in an area where labor costs
Learn more at EisnerAmper.com
ls

were cheap. As part of shifting its low-

tech operations out of Philadelphia, the
-

company is building a million-square-foot

No

distribution center in Texas that is about 20

miles from the border.
tf

Cardone, which has 6,000 employees

or

around the world, continues to employ

1,400 in Philadelphia.
c

Those moves caused some observers to

om

wonder whether Cardone was abandoning

its Philadelphia roots. Rumors swirled that
the company would move more operations,
m

including its headquarters out of the city.

er

George Zauflik, senior vice president,

insists that isn’t what the company is
cia

seeking to accomplish with these series of

changes.
lu

“We’re not leaving Philadelphia,” he

said. “We’re in a global world. What we had
se

to do is we had to look at how we retool

Philadelphia.”
Revamping its Philadelphia operations
means Cardone will sell 5501 Whitaker
Ave., a 1.2-million-square-foot building. The
company plans to relocate its headquarters
to 5671 Rising Sun Ave., a nearby four-
building, 500,000-square-foot complex.
The third-generation, private company
plans to spend $15 million renovating the
Rising Sun structures. In addition to its
headquarters, the buildings will serve as
Cardone’s innovation hub.
Where as Mexico was the destination for
the low-tech jobs, Cardone sees a different
future for the part of the business it is trying
to dominate.
“High tech jobs are growing up in the
north,” Zauflik said. “We’re growing and
going after the cars that are coming out
today. The cars where you look under the
hood and you have no idea what you’re
looking at. That’s our sweet spot.”
That is also what led it to lease space
6  PHILADELPHIA BUSINESS JOURNAL

ON HEALTH CARE BY JOHN GEORGE

I JGEORGE@BIZJOURNALS.COM 215-238-5137 @PHLBIZJGEORGE

R R PAY WATCH mal talks at an industry conference.

For the remainder of 2016, BioCryst
SURVEY: PHILADELPHIA and Idera continued discussions with
RANKS LOW FOR DOC PAY Idera each other and others, but no definitive
Doximity, a San Francisco-based CEO deals emerged.
Idera, in early 2017, learned of a pri-
social networking service for U.S.
clinicians, released is second annual Vincent J. vately held rare disease company that
physician compensation survey this
week. The study found Philadelphia
Milano was considering its strategic alterna-
tives — including a possible sale. Mila-
was among the metropolitan
Am

no had preliminary discussion with the

markets where overall doctor pay
was the lowest. unnamed company’s CEO in April, and
the following month the two compa-
er

Metro areas with the lowest nies entered into a nondisclosure agree-
ica

compensation for physicians in 2017 ment regarding a possible merger. By

June, however, those talks ended after
n

1. Durham, N.C. $282,035 the unnamed company informed Ide-

Ci

2. Ann Arbor, Mich. $302,692 ra it was “pursuing a different strategic

ty

3. Baltimore $304,002 alternative.”

During the second half of last year,
Bu

4. New Haven, Conn. $308,262

both companies attracted attention
5. Rochester, N.Y. $312,503 from potential suitors, new and old, after
s ine

6. Washington, D.C. $312,834 posting positive clinical test data for their
7. Denver $313,895 lead new drug candidates: Biocryst’s
ss

BCX-7353 for patients with hereditary

8. Philadelphia $315,930
angioedema, and Idera’s IMO-2125, part
Jo

9. Boston $316,630 of a combination therapy being devel-

10. Charleston, S.C. $319,115 oped to treat advanced melanoma.
ur

FILE PHOTO
Idera said it engaged in discussions

BIOTECH COMBO
na

Source: Doximity with select parties regarding potential

ls

licensing and collaboration arrange-

ments, but those talks produced no

VOTE AWAITS FTC

-

R R HEALTH RANKINGS deals and it continued its discussions

No

with BioCryst about a potential business

combination.
tf

The Robert Wood Johnson

Foundation and the University In an interview this week, Milano said
or

of Wisconsin Population Health IDERA AND BIOCRYST HOPE TO PULL OFF that while Idera’s lead new drug candi-
Institute released its ninth annual
AN UNCOMMON ‘MERGER OF EQUALS’ date was in the oncology field he and
c

County Health Rankings this week.

om

the company’s board of directors were

A
The report ranks the health status
of counties in each state based on fter courting a handful of other shareholders who still must vote on the interested in focusing more on the less
m

medical care and a variety of other potential partners, and engaging proposed deal. competitive field of rare diseases. Milano
factors such as housing, education,
er

in a few weeks of negotiations According to the SEC documents: is also knowledgeable about hereditary
jobs, access to healthy foods, Here’s over ownership percentage points, Idera In early February 2016, BioCryst of angiodema having previously served as
cia

how local counties fared:

Pharmaceuticals and BioCryst Pharma- Durham, N.C., announced that based on CEO of Viropharma, which developed
ceuticals agreed in late January to merge disappointing clinical trials results it was Cinryze for that condition, before the
lu

PENNSYLVANIA (67 COUNTIES)

RR Chester: 1st and create a combined biotechnology scrapping plans to develop its new drug company was sold to Shire for $4.2 bil-
se

RR Montgomery: 4th
company focused on rare diseases.
If the merger is approved, the com-
RR Bucks: 7th
bined company will be based in Exton
RR Lehigh: 18th
and have research performed in Bir-
RR Berks: 32nd
mingham, Ala. The plan is for Idera’s
RR Delaware: 49th operations in Cambridge, Mass., and
RR Philadelphia: 67th BioCryst’s in North Carolina to be phased
out.
NEW JERSEY (21 COUNTIES)
“What we are trying to do here is
RR Burlington: 9th
something that is uncommon in our
RR Gloucester: 15th
industry: a merger of equals,” said Vin-
RR Cape May: 16th cent J. Milano, CEO of Idera who will also
RR Atlantic: 17th be CEO of the combined company. “The
RR Camden: 19th challenge with a merger of equals, and
RR Salem: 20th the reason they don’t often happen, is
RR Cumberland: 21st the egos of the people involved. I don’t
think that’s the case here.”
DELAWARE (THREE COUNTIES) Here’s the backstory on the union
RR Sussex: 1st of the two publicly traded companies,
RR New Castle: 2nd contained in documents filed with the
RR Kent: 3rd Securities and Exchange Commission for
candidate for hereditary angioedema,
a rare and potentially life-threatening
genetic condition that causes swelling
in various parts of the body. At a board
meeting, BioCryst’s directors, noting
the early stage of clinical development
for the company’s follow-on lead com-
pound BCX-7353, discussed pursuing
potential opportunities — such as merg-
ers, acquisitions or in-licensing transac-
tions — to diversify risk and increase its
number of product candidates.
A month later, and for the next
24 months that followed, BioCryst
embarked on a series of discussions with
six potential mergers partners, only one
of which, Idera, was identified.
Idera, which had operations in Exton
and Cambridge, entered the picture in
the summer of 2016, after BioCryst CEO
Jon P. Stonehouse and Milano had infor-
lion in 2013.
By the end of the year, a few poten-
tial partners for BioCryst dropped out —
one that said the company’s priorities
had shifted, and another that only was
interested in a licensing deal.
BioCryst ended up with two serious
suitors, but opted to pursue a business
combination with Idera after a review
that focused on: the lead programs of
each of company, the commercial poten-
tial of their respective lead programs,
and their respective capital structures
and funding requirements, including
the potential for raising capital through
partnering arrangements.
All that was left was the structure of
the deal.
Milano said both companies thought
they were undervalued on Wall Street,
so they sought a solution beyond simply
MARCH 16, 2018 7

R R ON THE JOB

using market capitalization. PHILADELPHIA RONALD MCDONALD HOUSE NAMES CEO

Idera wanted the ownership of the
combined company to be split 50-50 Name: Susan Campbell said Board President Peter Degnan.
among Idera stockholders and BioCryst Old job: Executive director of the “As [the organization] moves to more
Stock holders. BioCryst thought its Philadelphia Ronald McDonald House than double its capacity, our executive
committee unanimously agreed that her
company had a slightly higher “intrin- New job: CEO of Philadelphia Ronald title should reflect the ever-growing scope
sic value” and sought a 52-48 split. McDonald House of her position.”
Ultimately, the companies decided Little known fact: Campbell first started The expansion: The organization is in
on a ratio of Idera stockholders owning with the nonprofit organization, which the middle of a $50 million expansion
supports families of seriously ill children project of its Chestnut Street House that
Am

48.4 percent of the combined compa-

by providing a temporary residence to will increase its number of available rooms
ny and BioCryst shareholders owning families in homelike environments, as a to 127 from 45. The project features a
the other 51.2 percent. The agreement volunteer in 2001.
er

93,000 square-foot tower that will house

was signed Jan. 21 and announced the About the nonprofit: The organization 88 bedrooms; a new welcome center and
ica

following day. operates Ronald McDonald Houses at 3925 reception area; new first floor kitchen for
Milano said both Idera and BioCryst Chestnut St. in University City and in North guest chef and family use, and seating for
n

are in a temporary holding pattern Philadelphia next to St. Christopher’s 200 guests; new indoor and outdoor play
Ci

Hospital for Children. It also two Ronald areas and rooftop green space for family
regarding the merger while the Federal McDonald Family Rooms located on use.
ty

Trade Commission reviews the propos- the oncology and cardiology units at What the new CEO said: “I am thrilled to
al. He said they expect their sharehold- Children’s Hospital of Philadelphia. be a part of the next chapter in the history
Bu

ers will vote on the proposal in May. What the board president said: of the Philadelphia Ronald McDonald
“We’ve been doing a lot of integra- PHILADELPHIA RONALD MCDONALD HOUSE “Throughout her tenure, Susan has led House,” said Campbell. “As we expand our
s

Philadelphia Ronald McDonald House Chestnut Street House, I look forward to

ine

tion planning so we can hit the ground

through the successful implementation of helping more families than ever before.”
running,” he said. “We’ve also been Susan Campbell started helping
vital new programs and has found creative
ss

spending time meeting with share- out at the nonprofit as a volunteer solutions to meet fundraising challenges,”
holders to tell our story.” in 2001.
Jo
ur
na
ls

PHILADELPHIA BUSINESS JOURNAL OPEN NOMINATIONS!

- No
tf
or

2018 BEST PLACES TO WORK AWARDS

c om

Do you love where you work? Is your company the best place to work in
Greater Philadelphia? Nominate now to be considered for the 2018 Best
m

Places to Work Awards.

er

NOMINATE HERE
cia

HTTP://BIZJ.US/1PIIYY
lu

DEADLINE TO NOMINATE
se

FRIDAY, APRIL 20 | 5:00PM

2018 SOARING 76 AWARDS

The Philadelphia Business Journal is launching its third-annual initiative to
identify the fastest-growing companies in the area.
The List will be based on average percent revenue growth over the last three
years. Will your company make the list? Nominate today!

NOMINATE HERE SPONSORED BY:

HTTP://BIZJ.US/1PIUMQ

DEADLINE TO NOMINATE
FRIDAY, JUNE 1 | 5:00PM

Event Questions? Advertising Opportunities?

Angelica Garcia | agarcia@bizjournals.com | 215-238-5111 Sandy Smith | ssmith@bizjournals.com | 215-238-5100
8  PHILADELPHIA BUSINESS JOURNAL
ON TECH & EDUCATION
I MCAFFREY@BIZJOURNALS.COM
MEET GROUP GOES
TO LIVE VIDEO
AS AD REVENUE DROPS 40%, COMPANY
TRIMMING COST STRUCTURE BY $7M
W
ith two major acquisitions
completed in 2017, social
entertainment app company
The Meet Group is positioning itself for
a much different 2018.
Instead of M&A, the New Hope-based
company is focused on what CEO Geoff
Cook described as a “dramatic shift”
away from relying on advertising reve-
nue and growing live video features.
During its earnings call this week,
Cook said changes at Meet won’t be pain-
less, as it planned a $7 million reduc-
tion in its annual cost structure, largely
through recent layoffs at its San Francis-
co office. But, he said, the move would
help shore up Meet against an unsta-
ble ad market and position itself as the
leading social dating company outside of
Asia that is focused on live video.
“We don’t know of any other compa-
ny doing this in Western markets,” Cook
said on the call.
The Meet Group made two major
acquisitions last year – San Francis-
co-based if(we) and its two major
brands Tagged and hi5, for $60 million
in March and Dresden, Germany-based
LOVOO, the most downloaded app in
German-speaking countries, for $70 mil-
lion in September.
A company spokesperson told the
R R QUOTABLE
“Do I believe
that 20
years ago we
would’ve even
been in the
running? That
we would’ve been in the top
20 of this Amazon search?
I don’t believe we would
have.”
TRACEY WELSON-ROSSMAN, CMO at
Chariot Solutions and founder of
TechGirlz, on a report about Amazon’s
HQ2 decision in the Washington Post
that ranked Philadelphia’s tech economy
last among the 20 contenders. Some in
the tech community took issue with the
ranking and its methodology.
Am
Philadelphia Business Journal 21 peo-
ple were laid off bringing its total head-
er
count in California, Germany and its
ica
New Hope headquarters to 264. Cook
said it’s opened two offshore develop-
n
ment teams and expects to add more.
Ci
The sharp decline of the advertising
market in 2017 caused Meet’s ad rev-
ty
enues to drop 40 percent, but its two
Bu
acquisitions spurred overall revenues to
grow 63 percent to $123.8 million.
s
LOVOO, which is more reliant on
ine
user payments than advertising revenue,
helped The Meet Group go from drawing
ss
6 percent of revenue in the fourth quar-
ter of 2016 from users to about 60 per-
Jo
cent in the first quarter of this year.
ur
A key part of continuing that shift is
na
the integration of live video. Meet recent-
ly rolled out a video platform that allows
what Cook describes as a “small army of
broadcasters” on two of its apps, so far,
to stream live and receive virtual gifts
from viewers. Some make up to $10,000
a month, Cook said.
In the fourth quarter of 2017, it began
to monetize live streaming video to the
point where it already represents a $19
million annualized run rate.
While user-generated profit mar-
gins are much smaller than advertising
— about 30 percent compared to near-
HIGHER ED HIGHLIGHT
FOX SCHOOL WANTS BUSINESS RESEARCH IN THE BOARDROOM
Initiatives to connect academic
research with commercial enterprises
are commonplace in STEM fields, but
it’s far from the norm in business school
research. Temple University’s Fox
School of Business is vying to change
that with the opening of its new Center
for Translational Research in Business.
The school described it as a first of its
kind.
Led by H.F. “Gerry” Lenfest Professor
of Strategy Charles Dhanaraj, the center
is aimed at changing business leaders’
perception that business schools are
MBA factories and instead see them as
sources of important business insights.
The center marked its launch on
Monday by bringing together the
gatekeepers to that research — 10 top
research journal editors — and the
BY MICHELLE CAFFREY
215-238-5132 @PHLBIZMCAFFREY
THE MEET GROUP
Employees converse at The Meet Group’s Center City office.
ly 100 percent for advertising — once the million, double what it was in 2017.
video platform rolls out to the rest of its Beyond live streaming video, Cook
apps, he expects it to increase both dai- said the company is also working on
ly active users and average revenue per building and launching other video fea-
daily active user from video. Streaming ture. It’s also working on launching a
live video on dating apps is wildly pop- one-on-one video chat on two apps lat-
ular and profitable in Asia with leading er this year.
app Momo announcing a $600 million The key to getting this one right, Cook
ls
acquisition of Tantan, China’s Tinder, said, comes down to execution, and it
-
late last month. Momo, which has more believes that the recent addition of for-
No
than 99 million monthly active users, mer myYearbook CFO and previous SVP
reported annual revenue climbed 138 of corporate development Jim Bugden as
tf
percent to $1.31 billion from 2016 to 2017. The Meet Group’s CFO is an important
or
If Meet is able to get 30 percent of its part of that.
4.3 million daily active users overall to “I am confident we have the right
c
interact with video, and the company team to execute our ambitious goals,”
om
earns an average of 30 cents per video Cook said. “We emerged stronger than
user — a rate streaming services in Asia, ever from the transition from desktop
m
where videos are far more popular, reach to mobile and I believe the same will be
er
— then video revenue would rise to $141 true this time.”
cia
lu
se
business leaders who can bring their
reports to life for a workshop.
“There’s a fair amount of our money
that goes into research but then much
of it just becomes paper documents
that never reach the actual executive,”
Dhanaraj said.
While Monday’s workshop marks a
major event in Dhanaraj’s eyes — “these
10 editors across the field have never
sat together, ever,” he said — it is just
a starting point, as he hopes to get
industry support to gain traction and
draw funding to the center.
At the moment, it’s run out of
CHRIS KENDIG PHOTOGRAPHY
Dhanaraj’s office, but it will have its
own space when Fox’s expansion on Panelist speak at the Center for
Liacouras Walk is completed later this Translation Research in Business’
year.
workshop on Monday.
MARCH 16, 2018 9

BUSINES
HIA S
EL
P J

OU
AD
PHIL

RN
AL
Am
er
ica
n
Ci
ty
Bu
s ine
ss
Jo
ur
na
ls

W H O WI L L BE AWA R D ED 20 1 8 C FO O F T HE YEAR?
- No
tf

NOMINATE TODAY!
or
c om
m
er
cia

NOMINATE NOW: WWW.PBJ.COM/NOMINATIONS

lu
se

PROGRAM SPONSORS

Event Questions? Advertising Opportunities?

Angelica Garcia | agarcia@bizjournals.com | 215-238-5111 Sandy Smith | ssmith@bizjournals.com | 215-238-5123
10  PHILADELPHIA BUSINESS JOURNAL

ON HOSPITALITY BY KENNETH HILARIO

I KHILARIO@BIZJOURNALS.COM 215-238-5145 @PHLBIZKENNETH

VIRTUAL SHOP TILL YOU DROP

VR COULD BE
THE FUTURE OF
FOOD AND RETAIL

P
Am

hiladelphia on-demand delivery

company goPuff and The Her-
shey Co. are dabbling in virtual
er

reality, which, along with other tech-

ica

nology, is pervading the retail, and food

and beverage landscape.
n

The two companies during the South

Ci

by Southwest conference in Austin,

ty

Texas, debuted a VR shopping project

that shows customers how they can
Bu

shop for Hershey’s products in stores

and remotely, like from their couch.
s ine

GoPuff and Hershey worked togeth-

er for a year before the SXSW activa-
ss

tion, which gave consumers a glimpse

of the ideas the companies are play-
Jo

ing with and will bring to market in

the months ahead, Daniel Folkman,
ur

Philadelphia’s goPuff and The Hershey

goPuff vice president of business devel- Co. debuted a virtual reality shopping
na

opment, told me. project at South by Southwest, or SXSW,

ls

“We are in a truly exciting stage of in Austin, Texas.

our partnership right now where we
-

are pioneering what might be possi-

No

GOPUFF
ble,” Folkman said.
The companies are laying the foun-
tf

dation for what the future of retail

or

might look like. Philadelphia organi-

zations Meet AC and Visit Philadel- pers with new ways to acquire our impacted by factors that include the
c

R R HE SAID IT
om

phia implemented VR, and restaurant products, and that’s what we were impact of “the growing e-commerce
chain honeygrow is using it to train and experimenting with and showcasing at channel,” according to SEC filings.
“VR is just one of many
m

recruit employees. SXSW,” Kavanagh said. “Ultimately, we “While we don’t chase every shiny
technologies that
er

More retailers are slowly starting want people to find our products how- new technology, we focus our experi-
to infuse VR, including U.K. retailer ever and whenever they shop.” mentation on ones that are win-win-
cia

Topshop. Despite a challenging landscape for have the potential win — wins for our retail partners, wins
“VR is just one of many technologies the center of the supermarket, Hershey to disrupt the retail for our category and wins for our con-
lu

that have the potential to disrupt the had net sales of $7.5 billion in 2017, sumers,” Kavanagh told me.
environment. We
se

retail environment,” said Brian Kavana-
gh, Hershey’s senior director of insights
driven performance and retail evolu-
tion. “We know that consumers want
a seamless total commerce experience
that includes physical and digital.”
Hershey is gaining insight on goPuff’s
millennial and Generation Z consum-
er base, which many consumer pack-
aged goods companies are struggling
with, since “the buying habits of mil-
lennials are different than the behav-
iors of previous generations, and the
way that this market segment engages
with retail brands has also changed,”
goPuff’s Folkman said.
VR is having an impact on how peo-
ple engage with brands, and it also pres-
ents companies with opportunities.
“The technology can provide shop-
according to SEC filings. U.S. retail sales
of core brands — that includes Reese’s,
Ice Breakers and Hershey’s Kisses —
grew 4.3 percent between 2013 and
2017.
E-commerce continues to grow;
total e-commerce sales grew 16 percent
year-over-year to $454 billion in 2017,
according to the U.S. Department of
Commerce. E-commerce sales in 2017
accounted for 8.9 percent of total retail
sales.
Hershey will accelerate digital
commerce in and beyond 2019, CEO
Michelle Buck said last month at the
Consumer Analyst Group of New York
conference, or CAGNY.
The company’s “success” in gener-
ating revenues and profits, by selling
products that appeal to consumers, is
Other companies are also investing
know that consumers in digital, including Campbell Soup
Co., which in 2017 announced it would
want a seamless total accelerate its digital and e-commerce
commerce experience capabilities amid the competitive food
and beverage landscape.
that includes physical But, although advances in virtual
and digital.” reality have been made and more com-
panies are investing in them, in-store
BRIAN shopping is “making a comeback
KAVANAGH,
senior director
among shoppers,” according to a retail
of insights driven report by Walker Sands Communica-
performance and tions, which reports only 13 percent of
retail evolution at consumers said VR would cause them
The Hershey Co., to shop more in physical stores.
which partnered
with goPuff and
This demonstrates “retailers can’t
showcased a simply rely on tech to draw shoppers
virtual reality shopping project at into physical stores,” Walker Sands
South by Southwest conference in reports.
Austin, Texas.
MARCH 16, 2018 11

R R UP, UP AND AWAY R R JAMES BEARD AWARDS

Philadelphia has four chances
to bring home shiny medals at
the 2018 James Beard Award
gala on May 7. Here are this
year’s nominees:
RR Ellen Yin of High Street Hospitality Group, which operates Fork,
High Street on Market and High Street on Hudson, among others.
RR Rich Landau of Vedge for best chef: mid-Atlantic
RR Camille Cogswell of Zahav for rising star chef of the year
RR Zahav for outstanding service

GETTY IMAGES
Am

American Airlines announced it would

begin daily nonstop flights to Mexico City
from the Philadelphia International Airport.
er

Here’s a rundown of new services in 2018:

ica

FEB. 15 RRDes Moines, Iowa

n

RRSan Antonio RRMadison, Wis.

RROmaha, Neb.
Ci

MARCH 25
ty

RRZurich, JUNE 7
Switzerland RRFort Wayne, Ind.
Bu

MAY 4 RROklahoma City

s

RRBudapest, RRPensacola, Fla.

ine

Hungary
JULY 5
RRPrague, Czech
ss

Republic RRMexico City

Jo

R RA FEW MINTES WITH ...

ur
na

DAVE GOLDMAN,
ls

HEAD BREWER,
-

URBAN VILLAGE
No
tf

Northern Liberties beer maker Urban

or

Village Brewing Co., after the success of

its first canned beer, will release another
c

brew in cans as part of its effort to expand

om

outside of its brewery. I spoke with head

brewer Dave Goldman.
m

Paper Trail is your second canned

beer. Where do you see canned beer
er

as a trend in craft brewing? Canned

cia

beer is here to stay and is what the craft

consumer is expecting. The can offers a

PROTECTED
lot of advantages over a bottle, as it has
lu

a better seal and is not susceptible to

se

sunlight. Additionally, a can is a better

canvas to artwork.
Will canned beer ever surpass bottled I N T H E FAC E O F T H E U N E X P E C T E D
beer? I personally think in the craft beer
space it already has surpassed bottled
beer. Canned beer is what the consumer
is expecting, given the advantages it has
over bottle, and the consumer has reacted
positively.
What opportunities do cans give Customized business insurance for more peace of mind
you that bottles can’t? Canned beer
has a better seal, a better platform for As a small business owner, you know firsthand that each day can bring its
artwork and is not susceptible to sunlight. challenges. With over 30 coverage options for customized insurance, we can
Additionally, an actual packaging line in a ProgressiveCommercial.com
build a policy that’s tailored for your business—from a full line of Commercial
small brewery is extremely expensive and
takes up a lot of space. Auto insurance to General Liability, Workers’ Compensation, Business Owners
A small brewery, such as Urban Village, policies, and more. Because when your unique business needs are covered,
can benefit from a mobile canner, you can focus on what matters most—running your business.
who will come to the space with their
equipment and can the beer on site.
Progressive Casualty Ins. Co. & affiliates. Business and Workers’ Compensation coverage provided and serviced by affiliated and third-party insurers.
As of right now, there is no mobile
bottling operations that I know of, so
this is a great option for a small brewery
to get their name out there.
12  PHILADELPHIA BUSINESS JOURNAL

ON FINANCE & LAW BY JEFF BLUMENTHAL

I JBLUMENTHAL@BIZJOURNALS.COM 215-238-5136 @PHLBIZLAWBANK

GARDEN STATE PRUNING

R R BIG NUMBER

$16M
How much Salisbury, Md.-based BB&T CONSOLIDATES BY CUTTING MORE SOUTH JERSEY LOCATIONS
Delmar Bancorp paid to buy Liberty

B
Bell Bank. The deal closed earlier B&T Bank will close two more
this month. Marlton, N.J.-based
South Jersey branches as it contin-
Liberty Bell will continue to operate
under the name “Liberty Bell Bank, ues to prune the retail networks it
Am

a division of The Bank of Delmarva,” acquired from Susquehanna Bancshares

the Seaford, Del.-based main and National Penn Bancshares.
subsidiary of Delmar. The combined A spokesman said the North Caro-
er

company is expected to have in

lina company decided to consolidate
excess of $700 million of assets,
ica

$580 million in loans and $600 locations in Hammonton and Minoto-

million in deposits. la on May 11. The Hammonton loca-
n

tion deposits will be transferred to a

Ci

second Hammonton location one mile

R R BANK NOTES
ty

away while the Minotola branch depos-

its will move two miles away to a Vine-
Bu

land branch.
“We’re ready to serve those clients at
s ine

the nearby branches which are about

two miles each from the closing branch,
ss

and are encouraging them to visit us

there,” BB&T spokesman David White
Jo

said. “We don’t expect any layoffs as a

result of this branch closing. Most of
ur

JANNEY COSTAR GROUP INC.

our branch associates will move to the
na

receiving financial center to serve those Most big banks have been trimmimg their branch networks and reconfiguring
JANNEY MONTGOMERY
ls

same clients.” existing sites to accommodate fewer transactions and more online service.
SCOTT TO OPEN FIRST White said the consolidations are
-

MICHIGAN BRANCH caused by industrywide trends in which

No

Financial services firm Janney more customers are conducting bank- in Atco, Delran and Lumberton, as well region’s 10-largest
Montgomery Scott has entered ing online or with mobile platforms. as branches in New Hope, Bucks Coun- banks to its fold,
tf

Michigan with a new office in Battle Most big banks have been trimmimg ty, and New Garden, Chester County, as BB&T surpassed
or

Creek.
their branch networks and reconfigur- part of that plan. Santander Bank
The office will be built around
ing existing sites to accommodate few- BB&T entered the Philadelphia mar- and Beneficial
c

Buikema Oursler Morse Financial

om

Team, a group of financial advisers er transactions and more online service. ket when it acquired Susquehanna for Bank to become
with nearly $200 million in client “While branches are still an import- $2.5 billion in August 2015 and Nation- the sixth-largest
m

assets under management. The ant part of BB&T’s business model, al Penn for $1.8 billion in April 2016. bank in the Phil-
team, led by Matthew Buikema,
er

we’re constantly evaluating all of our Because those two banks had overlap- adelphia region
Michael Oursler, and Travis
locations in terms of client-use patterns ping footprints, the bank initially con- Kelly with 3.30 percent
cia

Morse, was formerly affiliated with

Raymond James. Two other advisers and convenience within the markets we solidated 34 branches. King of all deposits and
will be joining. serve,” White said. In addition to shuttering the local 100 branches as of
lu

Philadelphia-based Janney has White said the latest cuts were part of branches, BB&T laid off hundreds of June 30, 2017, FDIC
se

been on a bit of a hiring spree on

the 140 branch closures BB&T CEO Kel- employees and saw several groups of data. That is down from 3.76 percent of
the financial advisory side of its
business. It also has an investment ly King announced last year. The bank lenders and executives depart for oth- local deposits and 113 branches in 2016
banking component. already closed South Jersey locations er local banks. But by adding two of the FDIC data.

R R QUOTABLE

“With each new scandal and penalty as a result of aggressive cross-

selling, car loan insurance issues, and mortgage fraud, we tried to
impress upon management the need for a comprehensive review that
will lead to systemic change. We are encouraged that they are finally
agreeing to take this first step towards what we hope will be authentic
reform.”
SISTER NORA NASH OF THE SISTERS OF ST. FRANCIS OF PHILADELPHIA, who as a group of religiously affiliated investors is
forcing Wells Fargo & Co. to publish a review that shows the root causes of the systemic lapses in governance and risk management
that have led to ongoing controversies, litigation and fines. As a result of the company’s commitment, the Interfaith Center on
JOHN SPENCER Corporate Responsibility will withdraw a resolution filed for the 2018 proxy calling for the review.
MARCH 16, 2018 13

BANKING LEADERS
BANKING LEADER
Am
er

SINCE 1934
ica
n
Ci
ty
Bu
s
ine
ss
Jo
ur
na
ls
-No
tf
or
c om

For over 80 years, area leaders

m
er

have relied on Firstrust to guide

cia

their growth and ongoing success.

lu
se

Family-owned, forward-thinking,
community-focused, we remain
dedicated to providing our customers
the very best in service, technology,
and solutions.

FIRSTRUST.COM
14  PHILADELPHIA BUSINESS JOURNAL

COVER STORY

IS THE CITY
LENDERS WITH THE HIGHEST REPOR
Percentage of loans with spread, which i
above th

OFF TARGET
ON MORTGAGE
Am
er

LENDING?
ica
n
Ci
ty
Bu
s

BY JEFF BLUMENTHAL | J B LU M E N T H A L@ B I Z J O U R N A LS.C O M

ine
ss

F
or 18 months, Wells Fargo & Co. has been putting targeted with a lawsuit but no other lender was. Was the
Jo

out one fire after another. A series of self-inflicted city simply attempting to right a wrong that it claims
ur

wounds began with the revelation that the bank has been ongoing for well over a decade or merely polit-
na

had placed up to 3.5 million customers into accounts ically grandstanding to pile on a bank that rightfully
without their authorization. Additional dubious busi- has been thrust into the public crosshairs because of
ls

ness practices were exposed, leading to fines, lawsuits, its misdeeds.

-

scoldings of the bank’s executives by members of Con- “Right now, it’s chic to go after Wells Fargo,” said Tom
No

gress and several states and municipalities severing or Petro, the former CEO of Fox Chase Bancorp and now
suspending ties with the company. an angel investor. “And clearly the bank has brought NOTE: THIS
tf

Last year, Philadelphia City Council joined that list this on itself with its behavior. Once your reputation is MORE THAN
or

by voting unanimously to remove Wells Fargo as the damaged, it’s very hard to recover. And this is an exam-
bank overseeing the city’s $2 billion payroll account in ple of that.”
c

favor of Citizens Bank. The city has said that the fake Jonathan Kraus, founder and CEO of Plymouth LENDERS WITH THE H
om

account scandal did not factor into its decision and that Meeting-based Philadelphia Mortgage Advisors, took FOR LOW AND MOD
Citizens merely submitted a better bid. City Council- it a step further. Low and moderate income minority custo
m

woman Cindy Bass, who led the charge for removing “I would doubt that Wells did anything wrong,” ISDI (Average Incidence of Spread Dispa
er

Wells, said the scandal did play a role in her thinking. Kraus said. “They are a competitor, but I think they get between low and moderat
cia

Last May, in an unrelated move, the city sued Wells picked on partly because they have deep pockets. Wells
% LMI Minority with
Fargo in U.S. District Court in Philadelphia, alleging does get piled on for sure. I know we do everything we
lu

that beginning in 2004 and continuing to the present, can to help the applicant, but we have to follow certain
the San Francisco-based bank violated the Fair Hous- policies that dictate who gets a loan and what kind of
se

ing Act by steering African-American and Latino bor- loan, and I am sure Wells followed the same policies.” 22.9
rowers toward high-cost or high-risk loans even when Kraus said heightened regulations mean that factors
those borrowers’ credit permitted them to obtain more such as credit score, debt-to-income ratio and inade- 17.1
advantageous loans. The lawsuit also claims that Wells quate savings or collateral can inhibit a borrower’s
Fargo was aware of this alleged practice and, in fact, chance of getting a loan, regardless of whether a lend-
incentivized the marketing of the high-cost or high-risk er might want to take a risk. Not all of those factors show 9.2% 8.3
loans to minorities. Wells Fargo denied the city’s claims. up in HMDA data. 5.0 4.6 4.8
A Philadelphia Business Journal review of 2016 The city’s lawsuit is similar to actions being taken
Home Mortgage Disclosure Act (HMDA) data shows that by other cities since a May 1, 2017 U.S. Supreme Court 1.1%
while Wells Fargo had high percentages of denials for ruling that said the city of Miami can sue the nation’s
Meridian Freedom Philadel
minority low- and moderate-income (MDI) borrowers largest financial institutions over allegations that pred-
Bank Mortgage FCU
and placed a large percentage of those customers into atory lending practices in minority communities vio-
high-cost loans, several other large lenders had great- lated the Federal Housing Act and contributed to a real NOTE: TD, PNC, CITIZENS, TRIDENT M
er disparities. DATA RA

That leads to the question of why Wells Fargo was CONTINUED ON PAGE 16 SOURCE: 2016 HMDA DATA FOR TH
 MARCH 16, 2018 15

RTED SPREAD FREQUENCY FOR MINORITY BORROWERS

is considered any loan with an interest rate 1.5 percentage points
he prime rate the day of the loan.

Police &
Fire FCU
21.9%
Am

Philadelphia FCU 11.8

er

Wells Fargo 11.1

ica

Firstrust Bank 9.6

n

MeridianBank 8.7
Ci
ty

Freedom Mortgage 5.2

Bu

Quicken Loans 3.7

s ine
ss
Jo
ur

Parke
na

Bank
2.9
ls

The city of Phiadelphia sued Wells Fargo

over discriminatory lending practices, but
-

PNC Bank data shows several other large lenders had

No

0 greater disparities in servicing white

and minority applicants.
S INCLUDES LENDERS WHO ORIGINATED
tf

N 200 LOANS TO MINORITY BORROWERS.

or
c

HIGHEST DISPARITY IN HIGH COST LOANS

om

ERATE INCOME MINORITY BORROWERS

omers are twice as likely to be given mortgage loans with a spread.
m

arity Index) shows the disparity for the percentage of spread loans
er

te income minority borrowers and white borrowers.

cia

spread % White with spread ISDI

lu

28.8
se

16.1
14.3 14.1

4.8 5.4
3.6 3.0 3.0 2.9
2.0 3.7
0.8

lphia LoanDepot Wells Police & Quicken

U .com Fargo Fire FCU Loans

MORTGAGE AND NATIONSTAR MORTGAGE HAD NO SPREAD LOANS.

ANKS THE 12 LARGEST LENDERS ONLY.

HE CITY OF PHILADELPHIA COMPILED VIA LENDINGPATTERNS.COM

GETTY IMAGES
16  PHILADELPHIA BUSINESS JOURNAL

COVER STORY

CONTINUED FROM PAGE 14

LENDERS WITH THE HIGHEST DENIAL RATES FOR MINORITY
estate meltdown that nearly bankrupted the
LOW AND MODERATE INCOME BORROWERS
Denial rate of lenders who originated more than 200 loans to minority
city. FHA was previously used by borrowers low and moderate income borrowers.
and their immediate families to sue lenders
but now can apply to a city’s financial inju- LoanDepot.com
ries from mortgage practices. 87.6
In filing its case, Philadelphia officials
noted that the U.S. Department of Justice Philadelphia FCU
79.6
and numerous cities including Los Ange-
les, Oakland, Miami, Baltimore, Memphis TD Bank
and Miami Gardens have already filed sim- 78.0
ilar lawsuits against Wells Fargo. Sacramen-
Am

Citizens Bank
to and the tiny Delaware County borough 69.7
of Sharon Hill filed similar complaints after
er

Philadelphia’s. PNC Bank

66.74
ica

In its lawsuit, Philadelphia said an anal-

ysis found that more than 23 percent of Wells Fargo
n

loans to minority customers were high risk 62.3

Ci

or high cost, while only 7.6 percent of white

Police & Fire FCU
customers were given similar terms. Former
ty

50.1
Wells Fargo employees cooperated with the
Bu

lawsuit by agreeing to serve as confidential Quicken Loans

witnesses. These ex-employees say Wells 49.3
s

Fargo “incentivized” the use of higher-cost

ine

Firstrust Bank
loans by pushing more expensive mortgage 20.6
options like “lender credits” to minori-
ss

ties. This type of mortgage allows a lender Customers Bank

to charge higher interest rates in exchange 20.4
Jo

for paying a borrower’s closing costs. The

ur

lawsuit said that Wells Fargo continued Meridian Bank

12.8
na

charging the higher rates even after those

borrowing costs were recovered. Parke Bank
ls

In a statement, a spokesman for the city .29

-

of Philadelphia said the city’s lawsuit was

No

justified and that it doesn’t mean its Law

Department is not looking into the activi- SOURCE: 2016 HMDA DATA FOR THE CITY OF PHILADELPHIA COMPILED VIA LENDINGPATTERNS.COM
tf

ties of other perceived bad actors.

or

“As we noted at the time of filing, our

experts attempted to identify discriminato-
c

ry loans originating through other lenders

om

that were in sufficient number to warrant

pursuing those banks, but were unable to,” They are not the only bank or lender that as for home purchases only and loans to
m

the spokesman said. “The Law Department needs to be held accountable for destroying minority borrowers only. But when look-
er

continues to review information and issues our city neighborhoods by denying capital ing at lenders with the highest reported
cia

to identify actions it can take to protect the that they regularly provide in non-minority frequency of mortgage loan spread, it trails
interests of Philadelphia’s residents, on this communities.” two of the region’s largest credit unions —
lu

and other matters.” Bass said pursuing Wells Fargo first made Police & Fire Federal Credit Union and Phil-
Bass, the councilwoman who pushed sense since the city has had a significant adelphia Federal Credit Union. A loan with
se

to remove Wells Fargo its payroll account
oversight, said the lawsuit was long over-
due because city officials knew that the
bank was engaging in redlining in minori-
ty neighborhoods for a significant period of
time.
“But clearly Wells Fargo is not the only
player among mortgage lenders who oper-
ates in this fashion,” Bass said in a state-
ment. “And I think that it’s time now to
begin looking at some of the other players
and calling them out as well for their pred-
atory business practices. Wells Fargo was
at the top of the list but it certainly doesn’t
mean that they are the only ones partici-
pating in discriminatory lending practices.
business relationship with the company
for many years.
“Wells Fargo also has a significant foot-
“I think that it’s
print in Philadelphia and is one of the banks
time now to begin
with the largest number of locations in the
looking at some
city,” Bass said. “Because the city has kept
of the other play-
such a close business relationship with
ers and calling
Wells Fargo, I think it was important that
them out as well
one of our first actions against discrimina-
for their pred-
tory lenders was targeted at an institution
atory business
that should have been held to some of the
practices.”
highest standards of corporate citizenship in
CINDY BASS, Philadelphia. Now, let’s look at everyone.”
Philadelphia City Wells Fargo is indeed the largest residen-
Council tial mortgage lender in the city by market
share for loan and dollar volume as well
spread is considered any with an interest
rate 1.5 percentage points above the prime
rate at that period in time.
Wells Fargo had just the 25th highest
disparity in originating high cost loans for
low- and moderate-income minority bor-
rowers compared with white borrowers.
There were four major lenders with higher
disparities. For example, at Meridian Bank,
LMI minority borrowers were 8.3 times
more likely to be given a loan with spread
than white borrowers. In comparison, that
number was 2.96 times more likely at Wells
Fargo, which was below Freedom Mortgage
(4.57), Philadelphia Federal Credit Union
(3.39) and LoanDepot.com (3.0).
MARCH 16, 2018 17
There were 43 other lenders in total
with higher spread frequency for minority
borrowers than Wells Fargo. Police & Fire,
which is the city’s second-largest mortgage
lender behind Wells Fargo, had the high-
est spread frequency for minority borrow-
ers of any major lender, with 21.87 percent
being placed into high-cost loans. Police &
Fire CEO John LaRosa did not respond to
an email inquiry.
There were 16 lenders that had a high-
er denial rate for LMI minority borrowers
than Wells Fargo, including LoanDepot.
Am
com, Philadelphia Federal Credit Union,
TD Bank and PNC Bank. But some hous-
er
ing advocates believe Wells Fargo is held to
a different standard because of its immense
size and impact on the local community.
“Wells Fargo is by far the largest mort-
gage lender so what they do matters more,”
said lawyer Irwin Trauss of Philadelphia
Legal Assistance. “Not only that but the
statistics associated with the bank proba-
bly have less margin of error. And to the
extent that they are not lending [to minori-
ty applicants] and that forces borrowers to
go somewhere where the rates are higher,
that’s a problem.”
Tom Goyda, a spokesman for Wells Far-
go’s consumer lending division, said the
bank takes great pride in its lending record
in Philadelphia and across the country, not-
ing that for almost a decade, the bank has
been the largest lender in the city and in
minority LMI neighborhoods. He also cit-
ed the bank’s participation in the CityLIFT
program, through which in 2012 Wells Far-
LENDER MARKET SHARE BY LOAN APPLICATIONS
Wells Fargo received the most mortgage loan applications of any lender in Philadelphia in 2016 but credit
unions and online lenders have significant market share.
Lender # Loan applications
Wells Fargo 6,259
Police & Fire FCU 4,072
LoanDepot.com 2,701
Freedom Mortgage Corp. 1,937
Quicken Loans 1,637
PNC Bank 1,569
Citizens Bank 1,500
Nationstar Mortgage 1,306
Trident Mortgage 1,284
Philadelphia FCU 1,261
TD Bank 989
Meridian Bank 964
SOURCE: 2016 HMDA DATA FOR THE CITY OF PHILADELPHIA COMPILED VIA LENDINGPATTERNS.COM
COVER STORY
go provided 548 Philadelphia families with only say the bank disagrees with claims
$15,000 down payment assistance grants made in the lawsuit. “We don’t think it
to help them purchase homes. In 2016, he reflects how we go about our mortgage
said Wells Fargo, through a similar pro- lending,” Goyda said.
gram, provided 457 families with $7,500 Petro said Philadelphia and other munic-
down payment assistance grants toward ipalities suing Wells Fargo on claims of dis-
the purchase of homes in the city. criminatory lending practices can certainly
Unlike several other of its major bank present a case.
competitors in this region, Wells Fargo “It’s not unreasonable for well-informed
handles a lot of FHA and Veterans Affairs people to look at the same data and vocif-
“[HMDA data]
mortgage loans in addition to convention- erously disagree about what it says,” Petro
doesn’t always tell
al products. FHA loans can lead to higher said. “HMDA data is one of things. But it
the story about
interest rates — which creates more loans doesn’t always tell the story about why an
why an applicant
with spread — because of mortgage insur- applicant was denied a loan or why they
was denied a loan
ance premiums and how they affect the were placed in a certain loan.”
or why they were
Annual Percentage Rate calculation. Big banks such as Wells Fargo have been
placed in a certain
ica
“FHA increased the upfront premium thrust into a public spotlight since the
loan.”
and now requires that the annual mort- financial collapse. Regulators and critics,
n
TOM PETRO, angel gage insurance premium remain in place though, do not seem to reserve the same
investor and former
Ci
for the life of the loan,” Goyda said. “Both level of criticism toward nonbank lenders,
CEO of Fox Chase of those have caused a higher percentage of which originated about half of all mort-
ty
Bancorp.
FHA loans to trigger the reporting require- gages in 2016, and 75 percent of mortgages
Bu
ments based on the spread between a loan’s insured by the FHA or VA, according to a
APR and the benchmark average prime report published last week by the Brook-
s
offer rate.” ings Institution. Both shares are much
ine
The city’s lawsuit not only claims that higher than they were at any point in the
Wells Fargo knowingly steered black and 2000s.
ss
Latino borrowers toward high-cost and The U.S. residential mortgage market
high-risk loans but that many of the appli- changed dramatically after the subprime
Jo
cants in question had high credit scores. implosion that preceded the last recession.
ur
The complaint added that African-Amer- A subsequent regulatory crackdown forced
na
icans with FICO scores greater than 660 banks to retreat from residential mortgag-
were 2.5 times more likely to receive a high- es. Alternative lenders, particularly online
ls
cost or high-risk loan than white borrow- lenders and credit unions, filled the gap.
-
ers, while Latino borrowers were 2.1 times The Brookings report also indicates that
No
more likely. nonbank mortgage companies are vulner-
When asked about that, Goyda would able to liquidity pressures in both their
tf
loan origination and servicing activities,
or
and appears to have minimal resources to
bring to bear in a stress scenario.
c
“We show how these exact same liquid-
om
ity issues unfolded during the financial
crisis, leading to the failure of many non-
m
bank companies, requests for government
er
assistance, and harm to consumers,” the
cia
Brookings report reads. “The extremely
high share of nonbank lenders in FHA and
lu
% Marketshare
VA lending suggests that nonbank failures
could be quite costly to the government,
se
10.76%
but this issue has received very little atten-
7.00 tion in the housing-reform debate.”
4.65 Instead, the focus has been on big banks
3.33
like Wells Fargo. Petro thinks Wells Fargo
has put forth significant efforts in minority
2.82
communities and does not believe it know-
2.70 ingly discriminated in its lending practices.
2.58 “The harder you try, the more penal-
2.25
ized you get and this could be an exam-
ple of that,” Petro said. “As a lender, you
2.21
can price the loan. But I can assure you
2.17 that the people doing the scoring have nev-
1.70 er seen the customer so they don’t know
1.66 what they look like. They are only focused
on the data.”
18  PHILADELPHIA BUSINESS JOURNAL

PAID ADVERTISING

PEOPLE ON THE MOVE

NEW HIRE NEW HIRE PROMOTION
JEFFREY MEGAN ROBERT
SILVER MCMONAGLE WEYMAN
Partner Account Service Partner
Isdaner & Company, LLC Fingerpaint Marketing Reed Smith LLP
Mr. Silver has a comprehensive Megan facilitates an Rob is a partner in the State
knowledge of US corporate, optimal service experience Tax Group. Rob assists clients
partnership, and individual tax for her clients by working with income, sales, and gross
regulations. In addition, he has with leadership and receipts tax issues around
performed audit and US tax compliance services agency account leaders and using her stellar the country. His practice includes state tax return
and consulting to international businesses and communication skills to solve problems and position evaluation, audit defense, administrative
their subsidiaries. produce results for clients. appeals, and litigation.
Am

PROMOTION PROFESSIONAL RECOGNITION

KENNETH PAUL
er

TO SUBMIT: http://bizj.us/1wp36ut
LEVINE LIEBEZEIT, CFP
ica

For more information,

Partner Managing Partner contact Jason Garrison at
n

Reed Smith LLP and Portfolio Manager jgarrison@bizjournals.com

Ci

Centurion Asset Management, LLC

Kenny Levine is a partner in
ty

the firm’s State Tax Group. His With over 24 years of industry
practice focuses primarily on experience, Paul is the Managing
Bu

multi-state corporate tax and Partner and Portfolio Manager

sales and use tax issues. Kenny represents clients for High and Ultra High Net Worth individuals and
s

in a wide-range of industries in connection with institutional investors. Based on recent work at Yale
ine

state tax return positions, audits, administrative University’s School of Management/EDHEC Risk
appeals, and litigation in various jurisdictions. Institute, he’s a proponent of factor-based investing as
a component to capturing investment outperformance.
ss

Previously, Paul was a Portfolio Manager and Financial

Advisor at Morgan Stanley & Company, Inc.
Jo
ur
na

Your journey. Our purpose.

ls
-

Whether you’re at square one, or opening your eighth location.

No
tf

When looking for the ideal

or

business banking partner,

Sean Wild knew he needed
c om

a bank that was not only

able to support his growing

lead
business, but was willing to
m

grow with it.

er

That’s why he chose

cia

generation
Penn Community Bank.
We take the time to get to
lu

know the ins and outs of

your business, work with
se

you closely each step of the

way, and offer a wide range
of products and services to
suit your financial needs.
Whether you’re opening your
doors for the first time, or
getting ready to expand,
Join us for a 1-hour power seminar to learn how to find
we’re with you. more leads and minimize cold calling. Discover how
To find out how we can
to read between the lines and turn our content and
empower your business, networking opportunities into your advantage.
stop in to your local
branch or visit us online at
PennCommunityBank.com.
Next seminar: Thursday, March 29, 2018
12:00-1:30pm
Where: Philadelphia Business Journal Office,
PennCommunityBank.com
Philadelphia, PA
215-788-1234

BANKING | LENDING | INSURANCE | INVESTMENTS

Register Today: http://bizj.us/1piv3u
MARCH 16, 2018 19

Promote company success.

When your company needs to announce exciting news,
listings with Companies on the Move guarantee exposure
for your positive press.
Am
er

To preview listings and learn more:

ica

philadelphiabusinessjournal.com/cotm What is Companies on the Move?

n

Better than a press release. Publicize your company

Ci

news in the Philadelphia Business Journal and in

For questions:
ty

any of our other local publications across the US.

Jason Garrison
Bu

Audience Development Director

s

Why does my company need this?

jgarrison@bizjournals.com
ine

215-238-5126 Gain targeted exposure to over 347,299 monthly

ss

unique visitors and 31,890 weekly print readers.

Jo
ur

How do I submit my listing?

na

Submit your company news at

ls

philadelphiabusinessjournal.com/cotm and then

-

work with us to craft your custom post.

No
tf
or
c om
m
er
cia
lu
se
20  PHILADELPHIA BUSINESS JOURNAL

Compiled by Sharon Oliver

215-238-5146, @PHLBizLists
soliver@bizjournals.com

ECONOMIC DEVELOPMENT GROUPS

RANKED BY NUMBER OF LOCAL EMPLOYEES
2018
Name / Prior (*new or not ranked) / Address / Local Operating Economic development R CLOSER LOOK
URL Phone employees budget Region served: director or head

Delaware Valley Regional 190 N. Independence Mall W. 8th Fl.
1 Planning Commission 1 Philadelphia, PA 19106
dvrpc.org 215-592-1800
3940-42 Chestnut St.
*
University City District
2 universitycity.org
Philadelphia, PA 19104
215-243-0555
Am
WE ASKED
Counties of Bucks, Chester, Delaware, Montgomery What are common or
115 NA and Philadelphia in Pennsylvania; Burlington, Barry Seymour major economic concerns
Camden, Gloucester and Mercer in New Jersey that are being expressed
by businesses/business
leaders in the region that
2.4 square miles in West Philadelphia: Schuylkill
$11.1 Matthew Bergheiser you serve?
111
million
River to 50th Street, Spring Garden to Woodland
matt@universitycity.org
Avenue
The transportation network
through the county restricts the

labor force from traveling from

Counties of Bucks, Chester, Delaware, Montgomery
University City Science 3711 Market St. #800
$27.1 and Philadelphia in Pennsylvania; Burlington,
Lower Bucks to Upper Bucks
3 Center 3 Philadelphia, PA 19104 64
million Camden, Gloucester, Mercer and Salem in New
Curtis Hess and in reverse. – Bucks County
Economic Development Corp.
215-966-6000
er

sciencecenter.org Jersey; New Castle in Delaware

The uncertainty of public policy
ica

that will impact businesses

1500 Market St. #2600 W. financially including tax reform,
4 PIDC 4
Philadelphia, PA 19102 60
$11.5
Philadelphia John Grady health care and infrastructure
n

PIDCphila.com million
215-496-8020 support. Affordable housing
and transportation in suburban
Ci

areas. The ability to keep

employees skill levels current
Ben Franklin Technology
ty

4801 S. Broad St. #200 with advancing technologies.

$1 Philadelphia; Bucks; Delaware; Chester; and
5 Partners 6 Philadelphia, PA 19112 35
million Montgomery counties
RoseAnn Rosenthal Aligning education programs
215-972-6700
Bu

sep.benfranklin.org with the needs of employers.

– Chester County Economic
Development Council
s

Chester County Economic 737 Constitution Dr.

ine

Ability to attract and retain

6 Development Council 5 Exton, PA 19341 32 NA Chester County and Southeastern Pennsylvania Gary W. Smith
talent, state of transit
ccedcpa.com 610-458-5700
infrastructure, the City’s
ss

persistently high poverty rate. –

Economy League of Greater
Delaware Valley Industrial 2905 Southampton Rd.
Counties of Philadelphia; Bucks; Chester; Delaware
Philadelphia
7
Jo

Resource Center 6 Philadelphia, PA 19154 29 NA

and Montgomery in Pennsylvania
Barry Miller
dvirc.org 215-464-8550 1. The lack of skilled
manufacturing workers.
ur

2. Government “one size fits all”

City Avenue from I-76 to 63rd Street/Wynnewood
City Avenue Special Services legislative initiatives that make
na

Road; Bala Avenue between City and Montgomery

1 Belmont Ave. #425 it increasingly more difficult for
8 District of Philadelphia & Bala Cynwyd, PA 19004 12
$1.35 avenues; 54th and 63rd streets between City and Terrence Foley
manufacturing companies to
Lower Merion 8 million Overbrook avenues. The Bala Cynwyd Office and tfoley@cityave.org
ls

610-747-0311 compete both domestically and

cityave.org Shopping district, Presidential Blvd. through to
Conshohocken Avenue/State Road internationally. – Manufacturing
-

Alliance of the Greater

Manufacturing Alliance of
No

Philadelphia Region.
4500 Worth St.
9 the Greater Philadelphia Philadelphia, PA 19124 9 $750,000 Southeastern Pennsylvania
Stephen Jurash
Region 10 2159489285
stevej@manufacturingonline.org Lack of public transportation.
tf

manufacturingonline.org Traffic/congestion. – King of

Prussia District
or

World Trade Center of 1617 John F. Kennedy Blvd. #1671

$1 Linda Conlin
9 Greater Philadelphia 9 Philadelphia, PA 19103 9 Southeastern Pennsylvania and South Jersey ABOUT THE LIST
c

million lconlin@wtcphila.org
wtcphila.org 215-586-4240 Information was obtained
om

from firm representatives.

Information on The List
Economy League of Greater was supplied by individual
m

230 S Broad St #403

$1.6 Greater Philadelphia including South Jersey and Jeff Hornstein
11 Philadelphia 11 Philadelphia, PA 19102 8
million northern Delaware jhornstein@economyleague.org
companies through
er

economyleague.org 2158751000 questionnaires and could

not be independently
cia

verified by the Philadelphia

Delaware County Commerce Business Journal.
100 W. 6th St. #100
Philadelphia Department
12 Center 12
lu

Media, PA 19063 7 $600,000 Delaware County J. Patrick Killian

delcopa.org 610-566-2225 of Commerce and
Pennsylvania Department of
se

Community and Economic

Development did not
Select Greater Philadelphia 200 S. Broad St. #700
Northern Delaware; South Jersey; and Matt Cabrey respond to our inquiries by
12 Council 14 Philadelphia, PA 19102 7 NA
Southeastern Pennsylvania mcabrey@selectgreaterphila.com deadline. Only those that
selectgreaterphl.com 215-790-3740
responded to our inquiries
were listed. In case of
ties, companies are listed
Eastern Minority Supplier 2000 Hamilton St. #308
$1.2 Valarie Cofield alphabetically.
14 Development Council 14 Philadelphia, PA 19130 6
million
Pennsylvania; South Jersey; and Delaware
vcofield@emsdc.org
emsdc.org 215-569-1005
NEED A COPY
OF THE LIST?
Information for obtaining
234 Mall Blvd. #150
15 King of Prussia District 14
King of Prussia, PA 19406 5
$1.7
King of Prussia; Upper Merion Township
Eric Goldstein reprints, web permissions
visitkop.com million eric@kopbid.com and commemorative
484-681-9452
plaques can be obtained
from Jenny Clark at
877-397-5134 or jclark@
PECO Economic & Business 2301 Market St. #S24-1
Phillip Eastman bizjournals.com.
15 Development 12 Philadelphia, PA 19103 5 NA Southeastern Pennsylvania
phillip.eastman@exeloncorp.com
peco.com/economic 800-626-4338
WANT TO BE
ON THE LIST?
Submit contact information
Bucks County Economic 115 W. Court St. 2nd Fl.
Bucks County; Special approved DCED program - Robert Cormack for your company at
17 Development Corp. 17 Doylestown, PA 18901 4 $500,000
Diverse Business Financing -Regional 7 counties rfc@bcedc.com top25lists.bizjournals.com/
bcedc.com 215-348-9031
newbiz/philadelphia/

NOTES: NA - not available; NEW - New to the list; WND - Would not disclose
MARCH 16, 2018 21

INDIVIDUAL TICKETS NOW AVAILABLE!

Register Today:
Am

http://bizj.us/1pilic
er
ica
n
Ci
ty

CONGRATULATIONS TO THE BEST REAL ESTATE DEALS OF 2017 HONOREES!

Bu
s
ine

1213 Walnut Northern Edge

AstraZeneca North Campus One Riverside
ss

Bridge on Race  Rowan University Holly Pointe Commons

Jo

Capital One SoNo

ur

Cenlar FSB Tatel at The Boyd Theatre

na

Centre Square The View - Phase II

ls
-

Chinatown Eastern Tower Project  Vertex Headquarters

No

Commonwealth Campus Vue32 / Summer12

tf

First Judicial District Relocation  Wanamaker Building

or

Franklin’s Table Food Hall Wynne Senior Residences

com

NoBA District
m

Economic Development Champions

er
cia
lu

Don Hinkle-Brown
se

Reinvestment Fund

Amy Gutmann
University of Pennsylvania

The Amazon HQ2 Team

SAVE THE DATE:

March 22 | 5:00-8:00PM
SugarHouse Casino
Event questions? Contact Angelica Garcia at agarcia@bizjournals.com or 215-238-5111
Sponsorship opportunities? Contact Sandy Smith at ssmith@bizjournals.com or 215-238-5100
22  PHILADELPHIA BUSINESS JOURNAL
LEADS
Information to build your business
R R  Bankruptcies
PHILADELPHIA
DIVISION
Chapter 11
Cuisine365 LLC, 4207 Ferne
Blvd., Drexel Hill 19026;
Assets, $0 to $50,000; Debts,
$0 to $50,000; Attorney,
Demetrius J. Parrish; case
#18-11420, 03/01/18.
Heaven’s Treasures
Thrift and Value Stores
LLC, 979 Bethlehem Pike,
Montgomeryville 18936;
Assets, $1,000,001 to
$10,000,000; Debts,
$1,000,001 to $10,000,000;
Attorney, Steven D. Usdin;
case #18-11434, 03/02/18.
Rare Rose Enterprises
LLC, 5230 N. Broad St.,
Philadelphia 19141; Assets,
$100,001 to $500,000;
Debts, $100,001 to
$500,000; Attorney,
Demetrius J. Parrish Jr.; case
#18-11509, 03/06/18.
R R  Federal
Tax Liens
CHESTER COUNTY
C Horse Farm Services
LLC, 259 Red Pumping Rd.,
Nottingham 19362, $51,670,
case #FT1800091-FT,
02/26/18.
Eugene P. Tinari, 109
Marigold Ct., Chester Springs
19425, $92,402, case
#FT1800092-FT, 02/26/18.
Eugene P. Tinari/Suzanne
G. Tinari, 109 Marigold
Ct., Chester Springs 19425,
$55,475, case #FT1800093-
FT, 02/26/18.
Antonio Pineda, 322 W.
Gay St., W. Chester 19380,
$52,520, case #FT1800094-
FT, 02/26/18.
Bogdan Visanescu, 434
Highland Ct., Oxford
19363, $261,606, case
#FT1800098-FT, 02/28/18.
Special Events by Duffys
Inc., 286 Boot Rd.,
Downingtown 19335,
$62,021, case #FT1800099-
FT, 02/28/18.
Seidah F. Abu-Bakir, 23
Bluff Rd., Thorndale 19372,
$52,184, case #FT1800101-
FT, 02/28/18.
Beth R. Schubert (decd.),
102 Lavender Hill Ln.,
Landenberg 19350, $61,167,
case #FT1800102-FT,
02/28/18.
PHILADELPHIA
Indeblue LLC, 205 S. 13th
St., Philadelphia 19107,
$15,066, case #18-0120073,
02/02/18.
AH Home Health Care
Services LLC, 441 W. Bristol
St., Philadelphia 19140,
$25,927, case #18-0120074,
02/02/18.
Thomas Blakemore,
4003 Spring Garden St.,
Philadelphia 19104,
$209,518, case #18-
0120075, 02/02/18.
Joseph Carfagno, 305
Worstall Aly, Newtown
18940, $153,473, case #18-
0120080, 02/02/18.
By My Side Ltd., 1747 Tulip
St., Philadelphia 19125,
$92,667, case #18-0120089,
02/02/18.
Marrero Glass & Metal
Inc., P.O. Box 547, Chalfont
18914, $35,452, case #18-
0120091, 02/02/18.
B&B Foundry Inc., 6101
Keystone St., Philadelphia
19135, $10,016, case #18-
0120092, 02/02/18.
Pennsylvania China Farm
Inc./China Farm, 3650 S.
Galloway St., Philadelphia
19148, $82,678, case #18-
0120094, 02/02/18.
Andre Michniak &
Associates PC, 215 S.
Broad St. #502, Philadelphia
19107, $133,990, case #18-
0120095, 02/02/18.
Andre Michniak &
Associates PC, 215 S.
Broad St. #502, Philadelphia
19107, $31,436, case #18-
0120096, 02/02/18.
Elden Scott, 6245 N. 4th
St., Philadelphia 19120,
$129,027, case #18-
0120098, 02/02/18.
CAMDEN COUNTY
Salon Head Candy Inc.,
1892 E. Marlton Pike,
Cherry Hill 08003, $55,085,
(6721/941), Book/Page
10828/250, 02/22/18.
Metro Last Mile Transport
LLC, 1 Keystone Ave. #500,
Cherry Hill 08003, $65,626,
(940/941), Book/Page
10828/248, 02/22/18.
Bistro at Cherry Hill Inc.,
122 Rue Du Boise, Cherry
Hill 08003, $173,761,
(1120/940/941), Book/Page
10828/255, 02/22/18.
Donald and Claire
Cohen, 176 Breckenridge
Dr., Sicklerville 08081,
$150,477, (1040), Book/
Page 10828/258, 02/22/18.
Bassetts Original Philly
Steak & Gyro, 122 Rue Du
Boise #2D, Cherry Hill 08003,
$20,833, (940/941), Book/
Page 10838/262, 02/22/18.
RR   State
Tax Liens
CHESTER COUNTY
Ace Resources Inc.,
1055 S. Hanover St.
#1, Pottstown 19465,
$12,252, (unemployment),
case #2018-02037-LN,
02/26/18.
Sterling Fuels & Logistics
LLC, 998 Old Eagle School
Rd. #1205, Wayne 19087,
$15,988, (revenue),
case #2018-02250-LN,
02/28/18.
MONTGOMERY
COUNTY
Securonix Inc., 3221 Water
Street Rd., Worcester 19490,
$27,722, (unemployment),
case #2018-61028,
02/21/18.
Derek Amoroso, 621 S.
Bowman Ave., Merion Station
19066, $139,604, (revenue),
case #2018-61036,
02/23/18.
PHILADELPHIA
LPMG Companies LLC, 1621
McKean St., Philadelphia
19145, $22,936, (labor &
industry lien), case #18-
0105566, 02/01/18.
John Galiatsatos, 401 Taylor
Ln., Kennett Square 19348,
$337,856, (revenue), case
#18-0105849, 02/03/18.
Thomas Ditonno, 3236 S.
Sydenham St., Philadelphia
19145, $66,373, (revenue),
case #18-0105850,
02/03/18.
Eleanor Smith, 629 Elkins
Ave., Philadelphia 19120,
$75,047, (revenue), case
#18-0200304, 02/07/18.
Leroy Brown, 426 N.
Edgewood St., Philadelphia
19151, $55,948, (revenue),
case #18-0200307,
02/07/18.
Nelsons Academy, 5520
Baltimore Ave., Philadelphia
19143, $14,318, (revenue),
case #18-0200323,
02/07/18.
VM Transit Inc., 1631 S.
52nd St., Philadelphia 19143,
$13,648, (labor & industry
lien), case #18-0200721,
02/09/18.
Heavywater Inc., 1650
Market St. #3600,
Philadelphia 19103,
$14,341, (labor & industry
R ABOUT THIS SECTION
CONTACT US
Business Leads is a weekly compendium
of information taken from government
records available mainly from public
sources and documents in the cities,
counties and states that make up
metropolitan Philadelphia. Information is
compiled by American City Business Leads,
877-593-4157.
EMAIL EDITION
This information (plus phone numbers) is
available via e-mail subscription. Please call
877-593-4157 for average counts and cost
Am
information.
er
ONLINE EDITION
ica
This information is available online
for subscribers under the “Subscriber
Content” section at www.pbj.com.
n
Ci
ty
lien), case #18-0200911, Feasterville Trevose 19053,
02/12/18. auto repairs.
Bu
5239 Walton LLC, 368 W.
Bridge St., New Hope 18938,
RR   Releases
s
buy or sell or renovate a
of Federal
ine
residential property.
Tax Liens Torgando Solutions LLC,
15 Knight St., Warminster
ss
18972, catering or
PHILADELPHIA housekeeping.
Gwyn Ferguson/Margaret Sparkly Cleaning Service
Jo
Ferguson, 1601 Yerkes St., LLC, 9071 Mill Creek Rd.,
Philadelphia 19150-3316,
Levittown 19054, cleaning.
$54,443, case #94-0821039,
ur
02/01/18. 4170 Productions LLC,
5560 Potters Ln., Pipersville
Gwyn Ferguson/Margaret
na
18947, digital media
Ferguson, 1601 Yerkes St.,
production or consulting
Philadelphia 19150-3316, services.
$78,132, case #94-0821039,
02/01/18. M&W Corp., 1577
Neshaminy Valley Dr.,
JL Cruz Transportation Bensalem 19020, dry
LLC, 193 W. Duncannon
cleaning services.
Ave., Philadelphia 19120,
$36,712, case #15-0220115, Barasch McGarry Salzman
02/06/18. & Penson Consulting
LLC, 615 Cedar St., Bristol
19007, entertainment
RR   Mechanics’ consultant.
Liens Apples Solutions LLC, 44
Trafalgar Rd., Doylestown
18901, facility maintenance.
PHILADELPHIA EMZ Contracting Inc.,
Plaintiff: Simiano 1513 2nd St. Pike, Richboro
Construction Co. Inc., 18954, general contractor.
Defendant: Pointe Mid-Rise
Lucky Shot Bowfishing
Inc., $202,995, case #18-
LLC, 2234 Reed Ln.,
01M0011, 02/01/18.
Kintnersville 18930, guided
Plaintiff: Core & Main fishing services.
LP, Defendant: Groverpete Honor Electrical LLC, 621
LP, $18,178, case #18- Saxony Dr., Fairless Hills
01M0012, 02/01/18. 19030, home maintenance
or repair or equipment
leasing.
RR  Business
Higgins Enterprises Inc.,
Firm 4225 Marie Cir., Doylestown
Registrations 18902, insurance agent.
Eightyfive Beauty LLC, 365
CAMDEN COUNTY Newtown Rd., Warminster
18974, internet retail
CS Fireproofing, 2430 S. cosmetics sales.
12th St., Camden 08104,
Macizo Hardscaping LLC,
construction fireproofing.
501 Spring Ave., Croydon
Custom Design Mirrors &
19021, landscaping or
Shower Enclosures, 203 hardscaping.
Lawnside Ave., Haddon
Township 08108, glass Conturso & Habgood, 63
enclosures. W. Trenton Ave., Morrisville
19067, legal services.
JK Elite Painters, 737
Clinton St., Camden 08104, Delivery4you, 3921 Heather
painting. Ln., Doylestown 18902,
logistics or transportation or
delivery.
RR   New Devil Dog Acquisitions &
Corporations Property Management LLC,
23 Wildrose Ln., Levittown
19054, property acquisition
BUCKS COUNTY or management.
Butterfly Kisses Art Studio 345 Progress Drive LLC,
LLC, 1181 Bristol Pike, 1101 Presidential Dr.,
Bensalem 19020, art studio. Quakertown 18951, real
estate.
Dave’s Auto Repair
LLC, 2209 Diamond St., Realdine Real Estate
Sellersville 18960, auto LLC, 3023 Hallowell Ct.,
repair. Bensalem 19020, real estate.
Village Auto Body Shop MEA Properties LLC,
Inc., 1725C Bustleton Pike, 17 Eagleton Farm Rd.,
SECTIONS
Bankruptcies................................22
Business firm registrations..........22
Court judgments.........................23
Federal tax liens...........................22
High-end homes..........................24
Lawsuits filed...............................23
Mechanics liens...........................22
New corporations........................22
Real estate transactions..............23
Release of federal tax liens.........22
State tax liens..............................22
Newtown 18940, real estate
management.
Farm Lane Real Estate
Advisors LLC, 405 Farm
Ln., Doylestown 18901, real
estate sales team.
Manny’s Restaurant &
Delicatessen, 102 Buck
Rd., Southampton 18966,
restaurant or delicatessen.
Seychelles Salon LLC,
2615 Possum Hollow Rd.,
Coopersburg 18036, salon
or spa.
US Trans LLC, 2500 Knights
Rd., Bensalem 19020,
transportation.
Diguiseppe Enterprises
ls
LLC, 2243 Sunrise Way,
Jamison 18929, treatment
-
facilities.
No
Saxton Tree Service
LLC, 48 Beaver Run Dr.,
Quakertown 18951, tree
tf
service.
CHESTER COUNTY
or
New Era Technology PA,
208 Carter Dr., W. Chester
c
19382, audio visual systems
om
sales or installation or
maintenance.
DOA Towing & Repairs
LLC, 340 Cream St., Kennett
Square 19348, auto towing
or repair.
R&J Brokerage LLC,
3045 Rainer Rd., Chester
Springs 19425, business
development.
Breaks Over the Takeover
LLC, 304 Kidwelly Ct., Exton
19341, clothing co.
Rem RX Consulting LLC, 16
Houndstooth Ln., Chester
Springs 19425, consulting.
Kleer Dental, 565 E.
Swedesford Rd., Wayne
19087, consulting or
management services.
Kleer Petcare, 565 E.
Swedesford Rd., Wayne
19087, consulting or
management services.
Spring Resource
Development Partners Inc.,
126 Gideon Dr., Kennett
Square 19348, development
of projects related natural
resources or infrastructure
or technology or energy.
Digital Firefly Marketing
LLC, 115 Cratin, W. Chester
19380, digital marketing
services.
White Pine Consulting LLC,
10 Meadowcroft Ln., Lincoln
University 19352, energy
consulting.
David B. Walls Consulting
LLC, 301 Ponds Edge Rd., W.
Chester 19382, finance or
accounting services.
LEI Louis Creative LLC,
1400 Thomas Oakes Dr.,
Pottstown 19465, home
goods or accessories.
Simpers Insurance, 224 E.
Street Rd., Kennett Square
19348, insurance agency.
Cira JS Raab LLC, 320
Dean St., W. Chester 19382,
interior design.
LLA Socketlabs LLC, 565
E. Swedesford Rd., Wayne
19087, invest in companies.
GF Landscaping Services,
33 Lafyette Ave., Coatesville
19320, landscaping.
Socketlabs Acquisition LLC,
565 E. Swedesford Rd. #303,
Wayne 19087, marketing or
bulk mail services.
Gateway Primary Care, 142
Wallace Ave., Downingtown
19335, practice medicine.
Original Bawarchi LLC,
3045 Rainer Rd., Chester
Springs 19425, product
development.
Kairoi Advisors LLC,
945 Sconnelltown Rd., W.
Chester 19382, professional
services.
Kleer Vision, 565 E.
Swedesford Rd., Wayne
19087, provide consulting
m
or management services for
various organizations.
er
Kleer Care, 565 E.
cia
Swedesford Rd., Wayne
19087, providing consulting
or management services to
various organization.
lu
Aamlent LLC, 17 Industrial
Blvd., Paoli 19301, real
se
estate.
JCCC LLC, 873 E. Baltimore
Pike, Kennett Square 19348,
real estate.
Sleep Holdings LLC, 335
E. King St., Malvern 19355,
real estate.
224 Bridge Street LLC,
8 Pond View Ln., Malvern
19355, real estate.
E&S Apartments LLC,
3200 N. Limestone Rd.,
Parkesburg 19365, real
estate.
GPI Investments LLC, 226
W. Market St., W. Chester
19382, real estate.
Meridian Prime Properties
LLC, 226 W. Market St., W.
Chester 19382, real estate.
WM2 Partners LLC, 2639 S.
Chester Springs Rd., Chester
Springs 19425, real estate.
Della Cordelia LLC, 115
Romaine Way, Aston 19014,
real estate holdings.
Referral Connection
Professionals, 409 Valley
Dr., Lincoln University
19352, referral services.
Dalias LLC, 288 Lancaster
Ave., Malvern 19355,
restaurant.
GL Investment LLC, 1024
Lancaster Ave., Berwyn
19312, sale or installation
of kitchen or bathroom
cabinets.
MONTGOMERY
COUNTY
MD Talese Auto Repair
LLC, 207 S. Main St., Ambler
19002, auto repair.
Heart & Soul Press LLC,
521 Fishers Rd., Bryn Mawr
19010, book publishing.
Lisa Kessler Consulting,
121 Knightsbridge Rd.,
Wynnewood 19066, business
consulting.
Amtech Automation LLC,
515 Pennsylvania Ave., Ft.
Washington 19034, business
or consulting services.
Carpet Doctor CFF LLC, 128
Madison Rd., Willow Grove
19090, carpet or furniture or
flooring cleaning.
Griffin Investments LLC,
607 Webb Rd., Elkins Park
19027, checkbook ira
management.
Uka - Onyee Family
Enterprises LLC, 25 Victory
Way, Limerick 19468,
cleaning services.
Ingram Concrete
Construction LLC, 513 E.
High St., Pottstown 19464,
concrete or masonry.
MJS & Sons Contracting
LLC, 40 Liberty Ave.,
Norristown 19403,
construction.
Hardaway Total Care LLC,
2129 Pleasant Ave., Glenside
19038, construction
services.
Heart of Truth Greeting
Cards, 1513 Arch St.,
Norristown 19401, custom
made greeting cards.
Spectrum Drain & Sewer
LLC, 1152 Queen St.,
Pottstown 19464, drain
cleaning or maintenance.
Bw Gwynedd Cleaners
Inc., 1210 Bethlehem Pike
#B3, N. Wales 19454, dry
cleaners.
Frankenfilms LLC, 3005
Azalea Terr., Plymouth
Meeting 19462, filming or
video or photography.
Benjamin & Co. LLC, 769
Mustin Ln., Villanova 19085,
financial services.
CTI Foods, 400 Drew Ct.,
King Of Prussia 19406, food
manufacturing facility.
Kamco LLC, 11 Grimly
Rd., Schwenksville 19473,
general construction.
Divinity Service
Coordination LLC, 150 Main
St., Harleysville 19438,
health care agency.
Pennsylvania School of
Allied Health Professions
LLC, 501 Washington
Ln., Jenkintown 19046,
healthcare school.
Coin Chain Holdings LLC,
490 Norristown Rd. #151,
Blue Bell 19422, holding
co. for a cryptocurrency
exchange.
Kuttner Handyman & Home
Improvements LLC, 2232
Moreland Rd., Abington
19001, home improvement.
Pro Home Restorations
Inc., 407 Roberts Ave.,
Conshohocken 19428, home
restoration co.
P&A Global Inc., 11
Lawnside Rd., Cheltenham
19012, internet sales.
Black Swan Logistics LLC,
103 Grays Ln., Lansdale
19446, management.
Sapphire Brand Builders
LLC, 6603 Colonial Ct., N.
Wales 19454, marketing
research agency.
Coin Chain LLC, 490
Norristown Rd. #151, Blue
Bell 19422, operating a
cryptocurrency exchange.
SKM Pharma Tech Inc.,
2602 Cresswell Dr.,
Norristown 19403, pharma
consulting.
In Touch Massage &
Bodyworks, 800 Bethlehem
Pike, Flourtown 19031,
provide health or wellness
through massage therapy.
A&J Becker Holding
LLC, 3892 Martin Rd.,
Huntingdon Valley 19006,
real estate.
1337 N. Franklin LLC,
1001 City Ave., Wynnewood
19096, real estate.
Eastern State Realty
LLC, 209 Wiltshire Rd.,
Wynnewood 19096, real
estate.
Vine Second Associates
LLC, 630 Sentry Pkwy. #300,
Blue Bell 19422, real estate.
LRF Jr. Properties LLC,
17 E. Germantown Pike,
Plymouth Meeting 19462,
real estate.
Mrzimmerman LLC, 305
Kerrwood Dr., Wayne 19087,
real estate agent.
M&Z Realty Holdings LLC,
1806 Swamp Pike #400,
Gilbertsville 19525, real
estate investment.
N&I Waterice LLC, 353
E. Church Rd., Elkins Park
19027, selling water ice.
Federal Carrier LLC, 1051
County Line Rd. #105,
Huntingdon Valley 19006,
transport services.
Biznovo, 302 Meadow
Ct., N. Wales 19454, web
design services or business
management systems
or online marketing or
reputation management.
Scream Web Design, 1513
Arch St., Norristown 19401,
website design.
PHILADELPHIA
La Mosayk, 6024 Ridge Ave.
#177, Philadelphia 19128, a
brand that sells handbags or
wallets or accessories.
Trini Auto Repair Service
LLC, 325 Chestnut St.,
Philadelphia 19106, auto
repair.
Kia Cares, 139 W. Upsal St.,
Philadelphia 19119, business
consulting.
Huri Investments
LLC, 2061 Gerritt St.,
Philadelphia 19146, buying
or selling or property
management of residential
rental properties.
Champion Cleaning, 5202
F St., Philadelphia 19124,
cleaning service.
Clean Slate Cleaning
Services, 1332 Westbury
Dr., Philadelphia 19151,
cleaning services.
Brown 6110 Carpenter
LLC, 5658 Windsor St.,
Philadelphia 19143,
consulting service.
Back To Life Interiors
LLC, 10871 Bustleton
Ave., Philadelphia 19116,
decorating or rearranging
homes for sale.
Olivieri Emergency &
Disaster Management
Consultation LLC, 1510
Harrison St., Philadelphia
19124, emergency or
disaster management
consulting.
M&R Event Planning LLC,
4155 9th St., Philadelphia
19140, event planner.
Bald Man Fitness Ltd.,
4818A Florence Ave.,
Philadelphia 19143, fitness
trainer.
Kolpol Inc., 3716 Daner Ln.,
Philadelphia 19114, freight
trucking.
The Artist Haus, 3401
Conrad St., Philadelphia
19129, hair or make-up
studio.
MARCH 16, 2018 23
Master Clean Out & Hauling
LLC, 4068 Balwynne Park
Rd., Philadelphia 19131,
hauling or demolition.
Nourishing Care LLC,
4233 Germantown Ave.,
Philadelphia 19140,
healthcare agency.
Chosen Drinks LLC, 810
Arch St. #408, Philadelphia
19107, herbal energy drink.
Expect Lace LLC, 4403 Main
St., Philadelphia 19127, high
end intimate apparel.
PMK Solutions, 6206
Dickens Ave., Philadelphia
19142, home improvements.
Tave’s Tiny Tots, 6335
Algon Ave., Philadelphia
19111, in home care.
Participation Ventures
Inc., 1735 Market St.,
Philadelphia 19103,
investment advice.
2004 N. 8th St. LLC, 724
Tyson Ave., Philadelphia
19111, new construction.
Cloud 9 Easy Go LLC,
1137 Spring Garden St.,
Philadelphia 19123, online
retail sales.
U.S.H. Partners LLC, 4411
Main St. 3rd Fl., Philadelphia
19127, operation of
restaurant or bar.
Driverite LLC, 307 Market
St., Philadelphia 19106,
ownership of cars.
People Embracing Care
LLC, 1711 N. Edgewood
St., Philadelphia 19151,
personal care or companion
services.
Culture Philly, 1415 Melon
St., Philadelphia 19130,
personal training.
PA Orchid Exchange
LLC, 702 N. Front St.
#4, Philadelphia 19123,
plant or garden equipment
distributor.
DNG Properties LLC, 1319-
21 N. 6th St., Philadelphia
19122, property investment.
Stonesstar LLC, 4403 N.
5th St., Philadelphia 19140,
property management.
Handy Aide Home Care
LLC, 3361 Tulip St.,
Philadelphia 19134, provide
non medical home care
services.
Lexie Gerson Basketball
LLC, 3927 Dexter St.,
Philadelphia 19128, provide
year round basketball skill
development training.
Tookr Job LLC, 1529 Walnut
St., Philadelphia 19102,
purchase a real estate asset.
Acela Strategy Real Estate
LLC, 137 Hewett Rd.,
Wyncote 19095-1311, real
estate.
Weck Holdings LLC, 1508
Pine St. #C, Philadelphia
19102, real estate.
300 Main Street LLC, 320
S. 16th St., Philadelphia
19102, real estate.
6820 Ludlow LLC, 320
S. 16th St., Philadelphia
19102, real estate.
OA Investments LLC, 101
Geiger Rd. #7, Philadelphia
19115, real estate.
OA Properties LLC, 101
Geiger Rd. #7, Philadelphia
19115, real estate.
Nixie LLC, 168 W. Durham
St., Philadelphia 19119, real
estate.
GG Properties Unlimited
LLC, 3020 Redner St.,
Philadelphia 19121, real
estate.
Kash Properties Unlimited
LLC, 3020 Redner St.,
Philadelphia 19121, real
estate.
Star Property Group LLC,
1341 N. Delaware Ave.,
Philadelphia 19125, real
estate.
4439 Main Street
Associates LLC, 4411 Main
St. 3rd Fl., Philadelphia
19127, real estate.
CA Tyler Investments LLC,
3502 Scotts Ln., Philadelphia
19129, real estate.
RJW LLC, 1614 Browns St.,
Philadelphia 19130, real
estate.
Alona Apartments LLC,
2701 E. Tioga, Philadelphia
19130, real estate.
EJB Girard LLC, 3001 W.
Girard Ave., Philadelphia
19130, real estate.
AMG Real Estate LLC, 4000
Presidential Blvd. #903,
Philadelphia 19131-1720,
real estate.
BG Realty Holdings
LLC, 11631 Caroline Rd.,
Philadelphia 19154, real
estate.
Athena Recovery &
Recycling Inc., 2825 S.
Warnock St., Philadelphia
19148, recycling processing
facility.
Responsible Rentals
LLC, 4271 Griscom St.,
Philadelphia 19124, rental
properties.
National Services Union,
9388 Neil Rd., Philadelphia
19115, repair or remodeling.
Non Stop Gyro, 3632
Powelton Ave., Philadelphia
19104, restaurant.
Taqueria La Parima Inc.,
1104 S. 9th St., Philadelphia
19147, restaurant.
The Treasure Boxx
LLC, 223 E. Haines St.
#A, Philadelphia 19144,
retail new or gently used
or handmade clothing or
accessories.
RC Bargain Inc., 5230
Market St., Philadelphia
19139, retail store.
S&A Brothers Inc., 3632
Powelton Ave., Philadelphia
19104, sandwich shop.
JM Logistix LLC, 4143
Terrace St., Philadelphia
19128, shipping or
transportation.
Veteran of Christ, 1913
Stanwood St., Philadelphia
19152, singing group.
Intelligent Installers, 2008
Newcomb St., Philadelphia
19140, specializing in home
theater.
Mauras Trucking LLC,
9926 Haldeman Ave.
#83A, Philadelphia 19115,
transport services.
Hisor Inc., 6230 Frankford
Ave., Philadelphia 19135,
transport services.
OYL Inc., 8312 Alma St.
#B, Philadelphia 19152,
transportation.
Officiant 4U, 235 W. Olney
Ave., Philadelphia 19120,
wedding ceremonies.
RR   Commercial
Real Estate
Transactions
CHESTER COUNTY
Justin M. Nicholson to
R. Scott Killen and Amy
L. Maliner, 1573 Camp
Linden Rd., W. Chester
19382; 1573/1560 Camp
Linden Rd., W. Chester
19382, Lots A1/A2 West
Bradford Township #1573
Camp Linden Road ID
50-9-31.1/50-9-39.1,
$1,125,000.
Burnt Chimney Farm Ltd.
to Laura W. Ensor, 147
Green Valley Rd., Coatesville
19320, Newlin ID 49-1-74,
$785,000.
Garfield Holdings LLC to J.
Ward Real Estate LLC, 207
Garfield Ave., W. Chester
19380, West Goshen ID 52-
5B-5, $678,000.
SunTrust Bank/SunTrust
South Florida/Leonard P.
Sasso/Anna B. Sasso to
Joseph F. Posillico and
Rita Coculo, 2534 Flowing
Springs Rd., Chester Springs
19425; 2534/2540 Flowing
Springs Rd., Chester Springs
19425, West Vincent
Township #1 Hilltop Rd. ID
25-3-112.5A, $607,500.
MONTGOMERY
COUNTY
Robert G. Euler to New
Concept Inc., 906 Main
St., Norristown 19401,
Norristown Borough ID
13-00-21820-00-1,
$1,200,000.
Robert M. Lam/Gerald M.
Hatfield/Stephen R. Lam
et al. to 123 Easton LLC,
113 E. Mill Rd., Flourtown
19031; 123 E. Easton Rd.,
Glenside 19038, Cheltenham
Township ID 31-00-08635-
00-1, $840,000.
470 ER LLC/Nicole S.
Gaeta/Kyle B. Smith to
John J. Meenan III, 4
Chelfield Rd., Dublin 18917;
470 Easton Rd., Horsham
Am
19044, Horsham Township
ID 36-00-03814-00-2,
$550,000.
er
PHILADELPHIA
Ruby Tuesday Inc. to
ica
Store Master Funding
XIII LLC, 333 E. Broadway
Ave., Maryville, Tenn.
n
37804; 8680 Bartram Ave.,
Philadelphia 19153, ID
Ci
882893701, $3,705,731.
University Realty LP to
ty
15th St. Partners LLC, 1417
N. 15th St., Philadelphia
Bu
19121; 1437-1439 N. 15th
St., Philadelphia 19121, ID
88-1-1461-37, $2,550,000.
s
Markev Properties LLC
to AC 600 Spring Garden
LLC, 990 Spring Garden
St., Philadelphia 19123;
600 Spring Garden St.,
Philadelphia 19123, ID 88-
2-9334-45, $2,000,000.
PFR Partners to Britton
Realty of NE Philadelphia
LLC, 8837 Torresdale Ave.,
Philadelphia 19136, ID 88-
5922820, $2,000,000.
Firstrust Savings Bank
to P.A.T.H. Inc., 8220
Castor Ave., Philadelphia
19152; 1907-25 Cottman
Ave./7331 Elgin St.,
Philadelphia 19111, ID
883367900/885388400,
$1,500,000.
Alinea Parke LP to Vijay
Raju and Helena Raju, 1333
Bainbridge St., Philadelphia
19147, ID 023196805,
$1,300,000.
Emerald Dye Works
LLC to Spanish Capital
Investments I LLC,
2301 Washington Ave.,
Philadelphia 19146; 2601-
15 Emerald St., Philadelphia
19125, ID 88-4-3462-25,
$1,250,000.
Fran Amodei to 1635 East
Passyunk LLC, 205 Arch St.,
Philadelphia 19106; 1635 E.
Passyunk Ave., Philadelphia
19148, ID 871558540,
$825,000.
Laura Blau and Paul A.
Thompson to Four Little
Pigs LLC, 700 S. 3rd
St., Philadelphia 19147;
719-23 E. Passyunk Ave.,
Philadelphia 19147, ID
871046300, $765,000.
Noi Walkenstein DO to 613
South 4th Street LLC, 804
N. 29th St., Philadelphia
19130; 613-615 S. 4th St.,
Philadelphia 19147, ID 88-
2-9141-00, $700,000.
Ed Kerper to North Front
Street Holdings LLC, 223-
225 Market St., Philadelphia
19106; 1822-1824 N. Front
St., Philadelphia 19122, ID
183062300/183062400,
$550,000.
Allison E. Gardner and
Christopher Lloyd to
Kalidave LP, 4323 Spruce
St., Philadelphia 19104;
5151-5153-5155 Walnut
St., Philadelphia 19139, ID
871251450/871251500
/871251400, $525,000.
714 N. 15th Street LLC
to 1700 Mt. Vernon
Street LLC, 831 N. 19th
St., Philadelphia 19130;
714/716 N. 15th St.,
Philadelphia 19130, ID 88-
LEADS
5-1404-60/88-5-1408-60,
$525,000.
Main Development Group
Inc. to A&J Real Estate
Group LLC, 98 Kelly
Driver Ln., Laurel Springs,
N.J. 08021; 7300-7308
Ogotz Ave./2001-
2009 Tulpehocken St.,
Philadelphia 19138, ID 88-
2-9248-50/88-2-0070-20,
$520,000.
Philadelphia Housing
Associates LLC to AJ
Dynasty LLC, Eight Barn Ct.,
Phoenixville 19460; 1027-
29 Spring St., Philadelphia
19107, ID 88-5-9944-60,
$500,000.
Property Metals LLC to
Amber Street Holdings
LLC, 223-225 Market St.,
Philadelphia 19106; 2740
Amber St., Philadelphia
19134, ID 88-4-3454-10,
$500,000.
Meadow Auto Repairs Inc.
to Imogene & Orchard
LLC, 4355 Orchard St.,
Philadelphia 19124; 4325
Orchard St., Philadelphia
19124, ID 88-2-0213-50,
$500,000.
CAMDEN COUNTY
Christ Care Unit Missionary
Baptist Church to Eastern
Pacific Development LLC,
1181 E. Landis Ave. #6,
Vineland 08361; Grimes Rd.,
Sicklerville 08081, Block
2903 Lot 13.03 Winslow
Township, $790,000.
ine
AK Lawnside LLC to 39N
Maaco Lawnside LLC, 67
Wall St. #2502, New York,
ss
N.Y. 10005; 230 Gloucester
Pike, Lawnside 08045, Block
1301 Lots 5 and 6 Borough
Jo
of Lawnside, $745,500.
Master Associates LLC to
Haddon Heights Equities
ur
LLC, 14000 Horizon Way
#100, Mt. Laurel 08054; 2
na
White Horse Pike, Haddon
Heights 08035, Block 24
Lot 1 Borough of Haddon
Heights, $475,000.
David B. Neiman and
Michele Rider, Co-Trustees
to Lenny Realty LLC, 1805
Rte. 70 W., Cherry Hill
08002; 1315 Wynwood Ave.,
Cherry Hill 08002, Block
137.01 Lot 3 Cherry Hill
Township, $320,000.
R R  Court
Judgments
CHESTER COUNTY
De Lage Landen Financial
Services Inc. vs. Barrett’s
Produce/Jeffrey A.
Barrett, 1222 Fishing
Creek Rd., Lumber City, Ga.
31549, $62,427, plaintiff,
case #2018-02101-JD,
02/26/18.
Paul Singer vs. Imagenet
Office Solutions LLC/
Thomas Leighton Forbes,
1140 McDermott Dr. #200,
W. Chester 19380, $71,186,
plaintiff, case #2018-
02360-JD, 03/02/18.
MONTGOMERY
COUNTY
Univest Bank and Trust
Co. vs. Chowns Fabrication
and Rigging Inc., 2053
Cressman Rd./P.O. Box 697,
Skippack 19474, $445,638,
plaintiff, case #2018-02890,
01/23/18.
PNC Equipment Finance
LLC vs. Town of Glendora,
78 Westbrook St., Glendora,
Miss. 38928, $18,744,
plaintiff, case #2017-16047,
03/01/18.
PHILADELPHIA
Complete Business
Solutions Group Inc. vs.
Philadelphia Hair Studio
Inc., $10,100, plaintiff, case
#18-0105355, 01/30/18.
Complete Business
Solutions Group Inc. vs.
Sunny’s Supermarket LLC/
Habes Wardat, $62,770,
plaintiff, case #18-0105357,
01/30/18.
Complete Business
Solutions Group Inc. vs.
Warren Furniture Inc./
Rick Pitzer, $168,094,
plaintiff, case #18-0105443,
01/30/18.
Complete Business
Solutions Group Inc. vs.
CC Watch Repair, $17,309,
plaintiff, case #18-0105444,
01/30/18.
Complete Business
Solutions Group Inc. vs.
Franken Frames Inc./
Roger Chase, $74,193,
plaintiff, case #18-0105445,
01/30/18.
Complete Business
Solutions Group Inc. vs.
Deservices LLC, $25,941,
plaintiff, case #18-0105446,
01/30/18.
Complete Business
Solutions Group Inc. vs.
Farnan Inc., $24,521,
plaintiff, case #18-0105447,
01/30/18.
Complete Business
Solutions Group Inc. vs.
Golden Team Synergy,
$34,329, plaintiff, case #18-
0105448, 01/30/18.
Complete Business
Solutions Group Inc. vs.
Techarty LLC, $36,820,
plaintiff, case #18-0105455,
01/31/18.
ENBNC Equities LLC vs.
Contreras 2000 Inc.,
$34,488, plaintiff, case #01-
1203225, 02/01/18.
DCC Associates LP vs.
Blue Duck Restaurant
Group LLC, $926,076,
plaintiff, case #18-0105374,
02/01/18.
Santander Bank NA fka
Sovereign Bank NA vs.
Kuhn Contracting Co. Inc.,
$24,613, plaintiff, case #18-
0105617, 02/01/18.
Complete Business
Solutions Group Inc. vs.
Montgomery Home Care
ls
Services LLC/Benjamin
Davis, $70,994, plaintiff,
-
case #18-0105618,
02/01/18.
No
Complete Business
Solutions Group Inc. vs.
tf
AM Pavers LLC, $40,569,
plaintiff, case #18-0105619,
or
02/01/18.
City of Philadelphia vs.
Tobin Corp., $30,049,
c
plaintiff, case #02-0903294,
om
02/02/18.
City of Philadelphia vs.
Buckdurr Corp., $36,282,
plaintiff, case #03-0100326,
02/02/18.
City of Philadelphia vs.
American Rehab/Physical
Therapy, $82,808, plaintiff,
case #03-0102545,
02/02/18.
School District of
Philadelphia vs. Apex
Venetian Blind Co. Inc.,
$13,293, plaintiff, case #03-
0102665, 02/02/18.
City of Philadelphia vs. 123
Concepts Inc., $355,766,
plaintiff, case #03-0103892,
02/02/18.
City of Philadelphia vs. LEV
Rehab & Remodeling Inc.,
$103,818, plaintiff, case
#03-0203727, 02/02/18.
City of Philadelphia
vs. L&M Systems LLC/
Charles Rodgers, $85,451,
plaintiff, case #07-0800561,
02/02/18.
City of Philadelphia vs.
Delaware Valley Auto
Spring Co. Inc./Mark Lenet,
$133,551, plaintiff, case
#07-0802472, 02/02/18.
City of Philadelphia Law
Department vs. Multi
Phase Inc./David Hendrick,
$241,939, plaintiff, case
#07-0901730, 02/02/18.
City of Philadelphia vs.
Broadreach Consulting
Inc., $1,206,797, plaintiff,
case #07-1004688,
02/02/18.
City of Philadelphia vs.
Grand Wizards LLC/
Tarik Trotter, $70,981,
plaintiff, case #07-1101120,
02/02/18.
City of Philadelphia vs.
Lord & Haywood PC,
$23,728, plaintiff, case #07-
1102158, 02/02/18.
City of Philadelphia vs.
Headhouse Associates
Ltd./Headhouse GP Corp.,
$413,784, plaintiff, case
#07-1202919, 02/02/18.
City of Philadelphia vs.
Massara Design Build Inc.,
$87,183, plaintiff, case #07-
1204658, 02/02/18.
School District of
Philadelphia vs. L&J Realty
Co., $17,662, plaintiff, case
#08-0101783, 02/02/18.
City of Philadelphia vs.
Associated Building
Management Corp.,
$17,016, plaintiff, case #08-
0102223, 02/02/18.
City of Philadelphia vs.
Replica Construction Inc.,
$48,014, plaintiff, case #08-
0102267, 02/02/18.
City of Philadelphia vs.
Bond Construction LLC/
Eric Smith, $72,638,
plaintiff, case #08-0102284,
02/02/18.
School District of
Philadelphia vs. Brisar
Holdings LLC, $35,061,
plaintiff, case #08-0102374,
02/02/18.
School District of
Philadelphia vs. 1216
Arch Street Associates
LP/Slavko Arch Street
Properties Inc., $16,508,
plaintiff, case #08-0102470,
02/02/18.
School District of
Philadelphia vs. Rising Sun
Plaza Associates, $35,111,
plaintiff, case #08-0102525,
02/02/18.
Baxter Global Business
Corp. vs. Alpha Security
Inc./Patricia Pirtle,
$170,600, plaintiff, case
#08-0102641, 02/02/18.
City of Philadelphia vs.
Romanoff Management
Ltd., $16,354, plaintiff, case
#08-0102644, 02/02/18.
City of Philadelphia vs.
Thrift, $197,535, plaintiff,
case #08-0102650,
02/02/18.
School District of
Philadelphia vs. Princeton
Placement Service Inc.,
$727,378, plaintiff, case
#08-0102653, 02/02/18.
School District of
m
Philadelphia vs. Benjamin
E. Krieger Inc., $16,532,
er
plaintiff, case #08-0102679,
02/02/18.
cia
City of Philadelphia vs.
Cedar Construction Co.
Inc., $26,783, plaintiff, case
lu
#08-0200428, 02/02/18.
City of Philadelphia vs.
se
Romanoff Management
Ltd., $16,582, plaintiff, case
#08-0200446, 02/02/18.
City of Philadelphia vs.
Marys Love Kingdom Inc./
James Williams, $115,574,
plaintiff, case #08-0201037,
02/02/18.
School District of
Philadelphia vs. RJK
Investment Group/Triple
8 Corp., $64,530, plaintiff,
case #08-0201859,
02/02/18.
School District of
Philadelphia vs. H-D
Acquisition Corp. Inc.,
$103,289, plaintiff, case
#08-0201872, 02/02/18.
School District of
Philadelphia vs. Replica
Construction Inc., $11,132,
plaintiff, case #08-0201923,
02/02/18.
School District of
Philadelphia vs. Replica
Construction Inc., $11,290,
plaintiff, case #08-0201927,
02/02/18.
School District of
Philadelphia vs. Replica
Construction Inc., $11,819,
plaintiff, case #08-0201929,
02/02/18.
School District of
Philadelphia vs. East Coast
Recycling Inc., $16,624,
plaintiff, case #08-0202000,
02/02/18.
School District of
Philadelphia vs. Giuliano
Properties Inc., $22,140,
plaintiff, case #08-0202005,
02/02/18.
School District of
Philadelphia vs. HMH LLC,
$42,400, plaintiff, case #08-
0202024, 02/02/18.
City of Philadelphia vs.
Hill’s Capital Security Inc.,
$278,224, plaintiff, case
#08-0202031, 02/02/18.
City of Philadelphia vs.
Systems & Services Pros
Inc., $30,726, plaintiff, case
#08-0202515, 02/02/18.
City of Philadelphia
vs. Integrated Support
Services Inc./Thomas
Stafford, $56,095, plaintiff,
case #08-0202519,
02/02/18.
City of Philadelphia vs.
Delilah’s at Market Inc.,
$1,317,574, plaintiff, case
#08-0202637, 02/02/18.
City of Philadelphia vs.
NPC Services Inc., $48,845,
plaintiff, case #11-1201572,
02/02/18.
City of Philadelphia vs.
D&W Bee Inc., $18,390,
plaintiff, case #12-0603346,
02/02/18.
City of Philadelphia vs.
Basset’s Management &
Affiliates Inc., $23,972,
plaintiff, case #12-1203321,
02/02/18.
City of Philadelphia vs.
Accura Business Forms
Inc./Marlene Taylor,
$70,978, plaintiff, case #12-
1204177, 02/02/18.
City of Philadelphia
vs. Moon & Back Inc./
Elizabeth Robb, $53,364,
plaintiff, case #13-0103995,
02/02/18.
Sebastiana Hernandez
vs. Porto LLC/Christine
Liskowicz, $76,375,
plaintiff, case #16-1203376,
02/02/18.
Ridge Point LLC vs. Pointe
Mid-Rise LLC, $699,986,
plaintiff, case #18-0200001,
02/02/18.
Complete Business
Solutions Group Inc. vs.
Oakridge Landscape/
Irrigation LLC/Jason
Bowden, $286,438,
plaintiff, case #18-0200020,
02/02/18.
School District of
Philadelphia vs. H-D
Acquisition Corp. Inc.,
$16,243, plaintiff, case #98-
0102133, 02/02/18.
Board of Education of
the School District of
Philadelphia vs. SJM
Development Corp.,
$20,607, plaintiff, case #98-
0103288, 02/02/18.
Board of Education of
the School District of
Philadelphia vs. SJM
Development Corp.,
$21,447, plaintiff, case #98-
0103289, 02/02/18.
School District of
Philadelphia vs. Twin
Brothers Meats Inc.,
$151,405, plaintiff, case
#98-0200041, 02/02/18.
School District of
Philadelphia vs. Tsung Tsin
Association Inc., $14,240,
plaintiff, case #98-0200043,
02/02/18.
School District of
Philadelphia vs. Empire
Building Associates,
$38,317, plaintiff, case #98-
0200655, 02/02/18.
School District of
Philadelphia vs. 1934
Rittenhouse Square
Partnership, $18,727,
plaintiff, case #98-0201390,
02/02/18.
School District of
Philadelphia vs. Copper
Investments Co., $64,373,
plaintiff, case #98-0201935,
02/02/18.
City of Philadelphia vs.
National Temple Non-
Profit Corp., $60,000,
plaintiff, case #98-0202329,
02/02/18.
School District of
Philadelphia vs. My
Corp. VI Inc., $163,531,
plaintiff, case #98-0203467,
02/02/18.
School District of
Philadelphia vs. Chickens
Place Inc., $16,545,
plaintiff, case #98-0203788,
02/02/18.
School District of
Philadelphia vs. Accurate
Auto Repair, $15,047,
plaintiff, case #98-0203793,
02/02/18.
RR   Lawsuits
Filed
PHILADELPHIA
William Potter vs. Johnson
Matthey Inc./Johnson
Matthey Pharmaceutical
Ventures/Johnson Matthey
Process Technologies
Inc./Johnson Matthey
Holdings Inc. et al., personal
injury, case #18-0105381,
01/31/18.
Richard Eisenberg
vs. Steven Gelbart/
Dental Solutions Inc./
Dental Solutions Market
Street/Dental Solutions,
malpractice-dental, case
#18-0105388, 01/31/18.
Paul McGuire vs. Genesis
Administrative Services
LLC, nursing home litigation,
case #18-0105389,
01/31/18.
BM Consulting Services
Inc. vs. Atlantic Developers
Inc., contracts, case #18-
0105368, 02/01/18.
Qiana Patton vs. Applebee’s
Neighborhood Grill & Bar/
Applebee’s International
Inc./Dineequity Inc./
Applebee’s Restaurants
LLC, personal injury, case
#18-0105393, 02/01/18.
Noreen and Kevin Duffey
vs. Michael Blackston/
Tiona Sutton/Wyndham
Philadelphia Historic
District, personal injury, case
#18-0105416, 02/01/18.
Kimbley Holmes-Parris vs.
Dr. Plotnik/Dr. Ziberman/
Dentex Dental Group et al.,
personal injury, case #18-
0105452, 02/01/18.
Deutsche Bank National
Trust Co. vs. Jewls
Rogowska/Christine Simon
& Associates Inc., residential
owner occupied, case #18-
0105495, 02/01/18.
Eric Smith vs. Walgreen
Co./Safe Environment
Business Solutions Inc.,
personal injury, case #18-
0105502, 02/01/18.
Talley Brothers Inc. vs.
Daniel J. Keating Co.,
construction contract, case
#18-0105550, 02/01/18.
Johnnie Ray vs. Wills Eye
Hospital, malpractice-
medical, case #18-0105556,
02/01/18.
Palmer Hall vs. Kester
Osuji/Urbanland
Developers LLC, fraudulent
conveyance, case #18-
0105631, 02/01/18.
Commonwealth of
Pennsylvania vs. Purdue
Pharma LP/Purdue Pharma
Inc./Purdue Frederick
Co. Inc./Allergan Finance
LLC/Cephalon Inc./Teva
Pharmaceuticals USA Inc.
et al., personal injury, case
#18-0105594, 02/02/18.
Joseph Bieler vs. 2990
Holme Operating LLC/2990
Holme Ventures LLC,
malpractice-medical, case
#18-0105653, 02/02/18.
Haneefah Gladden vs.
Presbyterian Hospital/
24  PHILADELPHIA BUSINESS JOURNAL
Presbyterian Hospital of
Philadelphia et al., personal
injury, case #18-0105673,
02/02/18.
Joseph Rogers vs. Dennis
Buseck/US Municipal
Supply Co./Johnston North
America et al., product
liability, case #18-0105716,
02/02/18.
Mackin Medical Inc. vs.
Mark Jacobson/Karla
Vehrs/Mark Privratsky/
Christopher Smith/
Lindquist & Vennum LLP
dba Lindquist & Vennum et
al., malpractice-legal, case
#18-0200004, 02/02/18.
Coy Tyler vs. Penn
Presbyterian Hospital,
malpractice-medical, case
#18-0200076, 02/02/18.
Deborah Garrett vs.
Albert Einstein Healthcare
Network/Albert Einstein
Medical Association Inc.,
malpractice-medical, case
#18-0200042, 02/03/18.
City of Philadelphia Water
Revenue Bureau vs. JBJ
Partners Properties, claim
for water service, case #18-
01P0035, 02/05/18.
City of Philadelphia Water
Revenue Bureau vs. FMR
Investments, claim for
water service, case #18-
01P0055, 02/05/18.
City of Philadelphia Water
Revenue Bureau vs. Dignity
Housing, claim for water
service, case #18-01P0069,
02/05/18.
Mark Rhoades/Rhoades
LLC vs. Christopher
Gowen/Gowen Silva &
Winograd PLLC/Gowen
Rhoades Winograd &
Silva PLLC, partnership
dispute, case #18-0200036,
02/05/18.
Charles and Stacy
Schretzman vs. National
Collegiate Athletic
Association, personal
injury, case #18-0200046,
02/05/18.
Victor Cobo vs. LF
Driscoll Co. LLC/Big-D
Construction Corp. et al.,
personal injury, case #18-
0200049, 02/05/18.
CPR Restoration &
Cleaning Services LLC vs.
Gwendolyn Pierce/True
Faith Missionary Baptist
Church Inc., contracts, case
#18-0200083, 02/05/18.
Aftermath Public Adjusters
Inc. vs. Joseph Bolanos/
Lexxlugg Inc., contracts,
case #18-0200087,
02/05/18.
Alfred and Cathe
Satterthwaite vs. Steven
Raikin/Rothman Institute,
malpractice-medical, case
#18-0200095, 02/05/18.
Willie and Doris Hunt vs.
Hospital of the University
of Pennsylvania/University
of Pennsylvania Health
System/Trustees of the
University of Pennsylvania,
malpractice-medical, case
#18-0200096, 02/05/18.
Idada Osazua vs. 3601
Market St. Tenant LLC,
wrongful use of civil
process, case #18-0200111,
02/05/18.
Jian Li vs. Albert Ran/
Yumco LLC, contracts, case
#18-0200115, 02/05/18.
5610 Associates LLC vs.
Pandya Restaurants LLC/
JNP Foods LLC, contracts,
case #18-0200121,
02/05/18.
Khadijah Wright vs.
Washington Lane 2005
LP/Washington Lane
Apartments/PBL General
Partner Inc./Westwood
Management Corp./Lindy
Properties Corp., personal
injury, case #18-0200134,
02/05/18.
314 Metro Lofts
Condominium Association
vs. 2530 Salmon LLC,
certified/exemplified
judgment, case #18-
0200148, 02/05/18.
Derek Czarkowski vs.
Multifamily Management
of Philadelphia LLC,
contracts, case #18-
0200154, 02/05/18.
Dong Li/Zhong Tian
Project Management
Inc. vs. Jing Pu/Jing Pu
LLC/Nanjing Capital
Management LLC/Nanjing
Consolidation LLC/Edify
Investment Technologies
et al., contracts, case #18-
0200157, 02/05/18.
Marlin Business Bank vs.
Extreme Heating/Cooling
II Co., contracts, case #18-
0200156, 02/06/18.
Renee and Michael Urciuoli
vs. Gagan Lakhmna/1400
Block of Cadwaller LLC/
Greenpointe Construction
Inc., contracts, case #18-
0200194, 02/06/18.
Bradley Philpott/
Breanne Fugere vs. Jack’s
Firehouse, personal
injury, case #18-0200200,
02/06/18.
James and Vera Kyle vs.
Hahnemann University
Hospital/Tenet Health
System Hahnemann LLC,
malpractice-medical, case
#18-0200202, 02/06/18.
American Express
Centurion Bank/American
Express Bank FSB vs.
Gilman Hanson/Hanson
Associates Inc., credit
card collection, case #18-
0200222, 02/06/18.
American Express Bank
FSB vs. Ivan Baran/Mishka
Construction LLC, credit
card collection, case #18-
0200223, 02/06/18.
Beneficial Equipment
Finance Corp. vs. Daniel
Mountcastle/Mountcastle
Vein Center of St.
Petersburg Inc., contracts,
case #18-0200228,
02/06/18.
Troubleshooters Resources
LLC vs. FLD Group LLC,
contracts, case #18-
0200230, 02/06/18.
Beneficial Equipment
Finance Corp. vs.
Ashtabula Surgery Center
LLC, contracts, case #18-
0200274, 02/06/18.
DC Humphrys Co. Inc. vs.
Jeffrey Kleger/Jefco K
Inc., contracts, case #18-
0200275, 02/06/18.
Zarwin Baum Devito
Kaplan Schaer & Toddy PC
vs. Kenneth Wiest/Phillie
Electrical Inspections
LLC, contracts, case #18-
0200277, 02/06/18.
Abbey Hecht vs. Cameron
Thomas/Cordozar
Broadus/Live Nation
Worldwide Inc./Live Nation
Entertainment Inc./Live
Nation Mid-Atlantic Inc.
et al., personal injury, case
#18-0200286, 02/06/18.
Corey Bronson vs. Kevin
Kelly/Frederick Crugnale/
KKFC Inc./D2 Enterprise
LLC, personal injury, case
#18-0200289, 02/06/18.
Michelle Shuman vs.
Jordan Rand/Dilworth
Paxson LLP, wrongful use
of civil process, case #18-
0200344, 02/06/18.
Center City District vs.
1010 Arch Street Realty
Corp., center city dist
assessed II, case #18-
0200380, 02/06/18.
American Heritage
Federal Credit Union vs.
Old Lincoln Highway
LP, certified/exemplified
judgment, case #18-
0200433, 02/06/18.
CAMDEN COUNTY
Joseph Sharp vs. Wal-Mart
Inc., personal injury, case
#L-391-18, 01/29/18.
Patricia Waites vs. Shoprite
of Brooklawn, personal
injury, case #L-392-18,
01/29/18.
Steven Ibberson vs. Wal-
Mart Stores Inc./Wal-Mart
Store #4456/Assa Abloy
Entrance Systems US,
personal injury, case #L-
395-18, 01/29/18.
TD Bank NA vs. EFJ Auto
Painting of Middlesex,
contract, case #L-396-18,
01/29/18.
Daniel Rickard vs. West-
Ward Pharmaceutical
Corp./Eurohealth (U.S.A.)
Inc., personal injury, case
#L-397-18, 01/29/18.
Barbara Carpo vs. Grand
Illusions Hair Styling,
personal injury, case #L-
403-18, 01/30/18.
Michael Briggman vs.
LSREF2 Oreo LLC/401
White Horse Holdings
LLC/Ground Effecte
Construction LLC, personal
injury, case #L-404-18,
01/30/18.
A&E Construction Co. vs.
Am
Energy Elevator Services
LLC, complex commercial,
case #L-431-18, 01/31/18.
er
Donald Decker vs. Regis
Corp., personal injury, case
ica
#L-441-18, 02/01/18.
Robert and Edward
Guidotti vs. Elmwood Hills
n
Health Care Center, medical
malpractice, case #L-443-
Ci
18, 02/01/18.
Thomas Hamill vs. Woody’s
ty
Ocean Properties LLC, civil
rights, case #L-445-18,
02/01/18.
Bu
Sandra Williamson vs. Aldi
Inc., personal injury, case
s
#L-456-18, 02/01/18.
David Mutko vs. 201 New
Road Operations LLC/
Genesis NJ Holdings LLC/
Cooper University Hospital,
medical malpractice, case
#L-485-18, 02/05/18.
CHESTER COUNTY
De Lage Landen Financial
Services Inc. vs. Assonet
Veterinary Associates
LLC dba Assonet Animal
Hospital/Morgan Long,
debt collection, case #2018-
02073-CT, 02/26/18.
De Lage Landen Financial
Services Inc. vs. Primo
Management Services LLC/
PDG Inc./James Tassi Jr.,
debt collection, case #2018-
02074-CT, 02/26/18.
Tiffany Krech vs. Womens
Health Care Group of
Pennsylvania LLC dba
Chester County OB GYN
Associates/Dianne Hotmer
MD, medical professional
liability action, case #2018-
02089-PL, 02/26/18.
De Lage Landen Financial
Services Inc. vs. Nilson Van
& Storage, debt collection,
case #2018-02099-CT,
02/26/18.
De Lage Landen Financial
Services Inc. vs. Turnkey
Contractor Solutions LLC,
debt collection, case #2018-
02102-CT, 02/27/18.
De Lage Landen Financial
Services Inc. vs. Loot
Crate Inc., debt collection,
case #2018-02166-CT,
02/27/18.
Phillip Gibson vs. McCarthy
Burgess & Wolff, tort,
case #2018-02181-TT,
02/27/18.
De Lage Landen Financial
Services Inc. vs. Maletona
Corp., debt collection,
case #2018-02187-CT,
02/27/18.
De Lage Landen Financial
Services Inc. vs. Old
Dominion Footwear Inc./
Malcolm Sydnor, debt
collection, case #2018-
02189-CT, 02/27/18.
De Lage Landen Financial
Services Inc. vs. Foothills
Utilities LLC/Perry E.
Money, debt collection,
case #2018-02190-CT,
02/27/18.
Paul Singer vs. Keystone
Digital Imaging Solutions,
contract, case #2018-
02191-CT, 02/27/18.
De Lage Landen Financial
Services Inc. vs. Photo
LEADS
Creations Studios & Art
Gallery LLC, debt collection,
case #2018-02193-CT,
02/27/18.
De Lage Landen Financial
Services Inc. vs. Louisville
Armory LLC, debt collection,
case #2018-02263-CT,
02/28/18.
De Lage Landen Financial
Services Inc. vs. First Call
Ambulance Service LLC dba
Eaton Medical Transport
Inc., debt collection,
case #2018-02264-CT,
02/28/18.
De Lage Landen Financial
Services Inc. vs. FGO
Deliveries LLC/FGO
Trucking LLC, debt
collection, case #2018-
02269-CT, 03/01/18.
De Lage Landen Financial
Services Inc. vs. Coco
Miyagi LLC, debt collection,
case #2018-02327-CT,
03/01/18.
De Lage Landen Financial
Services Inc. vs. Scottnet
Inc. dba Pure Water Pools
Inc., debt collection,
case #2018-02328-CT,
03/01/18.
De Lage Landen Financial
Services Inc. vs.
Comprehensive Breast
Center LP, debt collection,
case #2018-02329-CT,
03/01/18.
Marie J. Klump/Brad
Zeiger/Joanne L. Zeiger vs.
Toll Brothers Inc./Stone
Mill Estates LP/Toll PA GP
ine
Corp., tort, case #2018-
02361-TT, 03/02/18.
ss
RR  Residential
Real Estate
Jo
Transactions
ur
CHESTER COUNTY
na
Cynthia A. and Thomas R.
McClure to Chiragbhai and
Nilita Patel, 49 Rosewood
Ln., Malvern 19355,
Charlestown Township #8
Rosewood Farms ID 35-3-
3.8, $1,200,000.
RLD Atwater JV LLC to
NVR Inc., 893 S. Matlack
St., W. Chester 19382;
410 & 408 & 406 Blue
Welsh St., Malvern 19355,
East Whiteland Township
#349/350/351/352 Atwater
Village ID 42-2-389/42-2-
390/42-2-391 (4 parcels),
$1,019,997.
Susan J. Hunter to Joel
and Elizabeth Maslow, 405
Berkley Rd., Devon 19333,
Easttown #1 ID 55-2-208.1,
$952,000.
Daniel and Marion
Koenigsmann to
Yagnesh Patel and Hetal
Chudasama, 170 Freedom
Rider Trl., Glen Mills 19342,
Thornbury #13 Preserve at
Squire Cheyney Farm ID 66-
2-41.17, $900,000.
NVR Inc. to Adrea
Scaramucci, 1023 Preserve
Ln., W. Chester 19382,
Westtown #44 Rustin
Residential ID 67-5-74,
$857,564.
Michael S. and Melinda
S. Sorber to Bikram S.
and Laura A. Chadha, 18
Briar Rd., Wayne 19087,
Tredyffrin #10 Strafford
Village ID 43-11G-129,
$800,000.
NVR Inc. to Alexander
Sardinas and Monica
Valenzuela, 1018 Preserve
Ln., W. Chester 19382,
Westtown #15 Rustin
Residential ID 67-5-45,
$794,245.
Ellet Kidd Jones to David
F. and Elizabeth A. Lunger,
125 Honey Tree Ln., Chadds
Ford 19317, Pennsbury
#118B ID 64-3-122.4,
$790,000.
NVR Inc. to Jeremy and
Kristin Waxman, 733
Stonecliffe Rd., Malvern
19355, East Whiteland
Township #486 Atwater
Village ID 42-2-429,
$787,315.
Sheryl French and Sheryl
Namoglu to Homes by
Heathcote LLC, 1912 Parker
Hill Ln., Chester Springs
19425, West Pikeland
Township #3 Parker Hill ID
34-1-54.1B, $770,000.
NVR Inc. to Xiaonan
Tang and Wen Xiao, 718
Stonecliffe Rd., Malvern
19355, East Whiteland
Township #547 Atwater
Village ID 42-2-362,
$753,050.
Dipesh and Trishla
Jobanputra to Anand
Solanki and Gayatri Patel,
2128 Ferncroft Ln., Chester
Springs 19425, Upper
Uwchlan Township #201
Byers Station ID 32-4-423,
$745,765.
Kathryn Kim Fox/Kathryn
Kim Smith/David Smith
to William R. Royer and
Ellen Bishop, 1 Chaddbury
Ln., Chadds Ford 19317,
Pennsbury #1 Chaddbury ID
64-5-13.1, $720,000.
Toll PA IV LP/Toll Mid-
Atlantic LP Co. Inc. to
Jeejesh Mannambeth and
Divya Kariyil Kuniyil, 107
Radek Ct., Downingtown
19335, Upper Uwchlan
Township #4 Reserve at
Chester Springs ID 32-3-
23.4, $672,226.
Megill Homes LLC to Bruce
and Virginia Atkins, 113
Halle Dr., Kennett Square
19348, East Marlborough
#11 Wetherall Farm ID 61-5-
219.3, $665,000.
Robert J. Caplan to Harija
Yalamanchi and Dhinesh
Kumar Devanathan, 1752
Thistle Way, Malvern 19355,
Tredyffrin #20 Summerhill
ID 43-4-191, $640,000.
Richard A. and Mary M.
Fontana to Aaron M. and
Angela J. Walsh, 201
Painswick Ln., Downingtown
19335, Uwchlan Township
#1 Cotswold Estates ID 33-
ls
4N-26.1, $635,000.
David J. and Linda S.
-
Marion to Jeffrey John
No
and Erin Chinnock, 216
Leopard Rd., Berwyn 19312,
Easttown ID 55-2-110,
tf
$630,000.
Chesterbrook Homes LP/
or
VL2 Investments GP LLC to
Yanchun and Ying Li, 122
Tess Ln., Wayne 19087; 122
c
Tess Ln. #22, Wayne 19087,
om
Tredyffrin #22 Chesterbrook
Shopping Center ID
43-5-3708/43-5-3708,
$627,703.
Saul J. and Dawn S.
Swartout to Brett L. and
Michele B. Entrekin, 1198
St. Andrews Ln., W. Chester
19382, East Bradford #63
Moors at Radley ID 51-7-
40.63, $620,000.
US Home Corp./Lennar to
Vikrant and Rajni Gandhi
Arora, 3566 Augusta Dr.,
Chester Springs 19425,
West Vincent Township #197
Ewing Tract ID 25-10-222,
$599,000.
Stanley I. and Adele L. Ross
to Dingxin Wang and Jing
Zhao, 24 Hanover Dr., W.
Chester 19382, Pennsbury
#12 Hanover Hunt ID 64-3-
24.12, $580,000.
Thomas W. and Carol A.
Kauffman to Triton Govcon
Services LLC/Young Family
Trust/Brandywine Services
Inc./Diana Young, 565
Winturford Dr., W. Chester
19382, Birmingham #2
Winturford ID 65-4-96.5C,
$575,000.
Kay L. McNaughton to
Andrew Sauerwald and
Emilie Pelletier, 901 Kirby
Dr., W. Chester 19380, West
Goshen #30 Kirbys Woods ID
52-4D-70, $560,000.
Lori L. Stoughton to
Michael and Terry Politi,
514 Fox Hollow Dr.,
Kennett Square 19348, East
Marlborough #9 Fox Hollow
ID 61-8-89, $542,000.
Frank C. and Melanie L.
Rundatz to Brett Klemmer,
877 Silverwood Dr., W.
Chester 19382, Birmingham
#4 Silverwood ID 65-4-85.6,
$539,900.
NVR Inc./Ryan Homes
to Lisa and Carmelo
Garcia, 1209 Florence Ct.,
Downingtown 19335, West
Bradford Township #67
Bradford Walk ID 50-4-432,
$539,380.
Carol J. Davis and Carol
J. Davis Trust to Abegail
Piollo-Alam and Adnan
Alam, 470 Crescent Dr., W.
Chester 19382, Birmingham
#50 West ID 65-4-362,
$500,000.
MONTGOMERY
COUNTY
Equity Trust Co. et al. to
Skippack Township, P.O.
Box 64, Skippack 19474,
Skippack Township ID
51-00-03071-00-1/51-
00-03072-00-9/51-00-
03073-00-8 (3 parcels),
$2,150,000.
Vinand Holdings LLC/
Vincent P. Sposato to Sam
and Jenna Korff, 107 E.
Dartmouth Rd., Bala Cynwyd
19004, Lower Merion
Township ID 40-00-14980-
00-1, $875,000.
Marguerite S. and John
K.W. Barclay to Jordan
V. Wycoff, 151 Booth Ln.,
Haverford 19041, Lot 3
Lower Merion Township
ID 40-00-06304-00-1,
$825,000.
Denise and Samuel Silvers
to Mingyan Zhu, 2152
Basswood Dr., Lafayette Hill
19444, Lot 186 Whitemarsh
Township ID 65-00-00402-
31-6, $783,800.
M. Irina Burns to Luis
Franco and Patricia
Carmona Matamala, 102
S. Buckingham Ln., N. Wales
19454, Lot 93 Montgomery
Township ID 46-00-00009-
21-5, $649,000.
Toll Mid-Atlantic LP Co.
Inc./Toll PA IX LP/Kathryn
L. Gaffney to Kelly A. and
William T. Griffin, 76 Iron
Hill Way, Collegeville 19426,
Lot 261 Upper Providence
Township ID 61-00-03637-
76-3, $554,617.
Avraham and Rachel Shavit
to Christos N. Dinoulis
and Nicole A. Silver, 1375
Panther Rd., Rydal 19046,
Abington Township ID 30-
00-51180-00-9, $537,500.
Cynthia M. and Robert
A. Wood to Steven and
m
Courtney Sexton, 100 Rose
Twig Ln., N. Wales 19454,
er
Lot 1 Montgomery Township
ID 46-00-03234-64-4,
cia
$530,000.
Michael I. Basta to Erin E.
lu
Olivier/David M. Olivier/
Martha L. Olivier, 2917
Skippack Pike, Lansdale
se
19446, Worcester Township
ID 67-00-03226-00-1,
$525,000.
Trend Hunt Evans and
Charles Hunt Evans
Trustees et al. to Gladmill
Blue LLC, 212 Ardmore
Ave., Ardmore 19003, Lower
Merion Township ID 40-00-
37692-00-5, $520,000.
Andrea and Christopher
Donati to Arleen and Lloyd
Zubrick, 134 Carriage Ct.,
Plymouth Meeting 19462,
Lot 4 Whitemarsh Township
ID 65-00-01267-06-3,
$515,000.
Gregory S. Thompson to
Heather M. and James M.
Lewis, 83 Steinmetz Rd.,
Schwenksville 19473, Lot 2
Limerick Township ID 37-00-
04821-00-2, $507,000.
PHILADELPHIA
Philadelphia Housing
Associates LLC to AJ
Dynasty LLC, Eight Barn
Ct., Phoenixville 19460;
1022-32/1008-1018 Spring
St./1003-1015 Race St.,
Philadelphia 19107, ID 88-
1-0146-05/88-1-4365-05,
$16,100,000.
Akron Capital LLC to 17
South Hinchman Avenue
LLC, 134 S. Front St.,
Philadelphia 19106, ID
051026010, $2,500,000.
Robert M. Cohen and
Deborah F. Cohen to
Patrick Mooney and
Margaret Mooney, 1414 S.
Penn Square, Philadelphia
19102; 1414 S. Penn Square
#35D, Philadelphia 19102,
ID 888095322, $1,760,000.
3400 Lancaster Partners to
Kalidave LP, 4323 Spruce
St., Philadelphia 19104;
3433-35-37-39 Lancaster
Ave., Philadelphia 19104, ID
241057700/241057800/
241057900 (4 parcels),
$1,600,000.
3118 Richmond LLC to
3044 Richmond Street
LLC, 7900 Old York Rd.,
Elkins Park 19027; 3118-20
Richmond St., Philadelphia
19134, ID 881164218,
$1,195,000.
Raj J. Mehta and Ranna
R. Mehta to Barry K.
Herman, 1414 S. Penn
Square, Philadelphia 19102;
1414 S. Penn Square #5F,
Philadelphia 19102, ID
888094910, $1,150,000.
3044 Richmond St.
Apartments LLC to 3044
Richmond Street LLC, 7900
Old York Rd., Elkins Park
19027; 3044-46 Richmond
St., Philadelphia 19134, ID
881164236, $1,100,000.
Jerry S. Fokas and Kathleen
C. Fokas to Groovygold
II LLC, 20 Conshohocken
Street Rd., Bala Cynwyd
19004; 3948-62 W. Girard
Ave., Philadelphia 19104, ID
24-3-2230-10/24-3-2232-
00/24-3-2233-00 et al.,
$1,050,000.
Alan Rosenau to Salvatore
D’Amato and Federica
Consolazione, 325 S. Camac
St., Philadelphia 19107;
621 S. 10th St., Philadelphia
19147, ID 023251300,
$830,000.
Loonstyn Properties JB
LP to Siah Properties LLC,
1047 Derwydd Ln., Berwyn
19312; 2007 Mt. Vernon St.,
Philadelphia 19130, ID 88-
1-8082-00, $800,000.
Alla Pasternack to Yin Lu
and Min Gao, 901 N. Penn
St., Philadelphia 19123;
901 N. Penn St. #R2002,
Philadelphia 19123, ID
888062224, $780,000.
Sheldon Crossing
LLC to Siddh Subodh
Magia and Sarah Pillai
Magia, 4732 Cross St.,
Philadelphia 19128, ID
211529255/211529255,
$765,000.
Vu Huynh/Kimberly
Huynh/Joseph Cao/
Elizabeth Cao to 715
Pemberton Place LLC, 1834
Pemberton St., Philadelphia
19146; 715 S. 19th St.,
Philadelphia 19146, ID 30-
1-3855-00, $735,000.
400 Reed Street Owner
LLC to Harmon R. Bryen
and Donna D. Bryen, 439
Dickinson St., Philadelphia
19147, ID 01-1-2613-39,
$727,205.
Patrick T. Daley and
Allyson M. Daley to David
Pheasant, 1519 Melon
St., Philadelphia 19130, ID
084093710, $692,500.
Jack Trocki Development
Co. LLC to James Woodson
White, 314-22 N. 12th
St., Philadelphia 19107;
314-22 N. 12th St. #1005,
Philadelphia 19107, ID
888057620, $690,000.
Robert T. Johnson and
Phyllis M. Johnson to Amy
Clouse, 2514 Panama St.,
Philadelphia 19103, ID
081054100, $685,000.
525 Roxborough Ave.
LLC to Jonathan William
Theis, 523 Roxborough Ave.,
Philadelphia 19128, ID 21-
3-1426-00, $645,700.
Rodin Parking Partners
LP to George G. Arpajian
and Pamela D. Parseghian,
1900 Hamilton St.,
Philadelphia 19130;
1900 Hamilton St. #PH2,
Philadelphia 19130, ID
888111114, $645,000.
Fahd Riaz and Shazia Riaz
to Jian Kang Jiang, 1432
McKean St., Philadelphia
19145; 1819 W. Berks St.,
Philadelphia 19121, ID 32-
1-1348-00, $640,000.
Brendan Mance and
Daniel C. Klemperer to
Kirk Moyer, 854 N. 19th
St., Philadelphia 19130, ID
151055600, $620,000.
Roberto Lobrace and
Adresa Guidelli Rosa to
Kav Meluchsan LLC, 1228
Morris St., Philadelphia
19148, ID 394531500,
$606,000.
Jean Philippe Iberti to
Mordechai Rozanski
and Bonnie G. Rozanski,
1244 E. Susquehanna
Ave., Philadelphia 19125;
1241/1243-45 E. Berks St.,
Philadelphia 19125, ID 18-
1-2042-00/18-1-1043-00,
$600,000.
Sean Couturier to Saninuj
Malayaman and Alexander
R. Brown, 108 Arch St.
#403, Philadelphia 19106,
ID 888036220, $595,000.
Anthony Tropea and
Ronald Piccolo to Danielle
P. Marganoff and Stephen
Gadomski, 805-807 S.
Mildred St., Philadelphia
19147, ID 022265610,
$590,000.
400 Reed Street Owner LLC
to Mina Kim and Matthew
Gehrke, 1436 S. Lawrence
Terr., Philadelphia 19147, ID
01-1-3251-50, $541,165.
Avi Lebovic and Dena
Lebovic to Nicholas
Valeriano, 128 Alter St.,
Philadelphia 19147, ID 02-
1165315, $540,000.
Keely Beck Zipp and
Thomas Cartmell Zipp to
Nancy Finn and Robert
Finn, 822 N. 27th St.,
Philadelphia 19130, ID
151309800, $534,900.
Affordable Homes Group
Inc. to Michael T. Morrow
and Leela Jackson, 6904
Lincoln Dr., Philadelphia
19119, ID 22-3-2779-00,
$530,000.
Kingsley Court LLC/
Rosalind S. Lavin to
Yeggor Pavlov and Laura
Weiner, 528 Kingsley Ct.,
Philadelphia 19128, ID 21-
3-0916-28, $520,000.
Yehuda Glick to Deana
Episcopo and Andrew
Michael Chermack, 1343 N.
Palethorp St., Philadelphia
19122, ID 18-2-0917-00,
$515,000.
Kira Licata Gerbron and
Peter Gerbron to Nikil
Saval and Shannon T.
Garrison, 525 Queen St.,
Philadelphia 19147, ID
022067800, $515,000.
Soko Developers LLC to
Nergis Dincer and Yenni
Tan, 1847 N. Palethorp
St., Philadelphia 19122, ID
183268370, $514,000.
RIM RAM LLC to Jennifer
L. Hols and Rebecca A.
Mattila, 2042 E. Arizona
St., Philadelphia 19125, ID
313101800, $510,000.
1400 Block of Cadweller
LLC to Peter G. Sherman
and Katharine A.
Vengraitis, 1517 N. Mascher
St., Philadelphia 19122, ID
182058230, $510,000.
Fahd M.T. Riaz to Jian Kang
Jiang, 1432 McKean St.,
Philadelphia 19145; 1725
Fontain St., Philadelphia
19121, ID 32-1-1716-00,
$510,000.
CAMDEN COUNTY
W.C.J. LLC to Joseph N.
Tropea, 430 Kings Hwy. W.,
Haddonfield 08033, Block
90 Lot 2.02 Borough of
Haddonfield, $990,000.
Addison Quinn
Development LLC to
MARCH 16, 2018 25

PHILADELPHIA BUSINESS JOURNAL

OF PHILANTHROPY
VIP TABLES NOW AVAILABLE:
Am

http://bizj.us/1pj4ew
er
ica
n
Ci

THURSDAY, APRIL 12 | 7:00 - 11:00AM

ty

CRYSTAL TEA ROOM PHILADELPHIA, PA

Bu
s
ine

Join the Philadelphia Business Journal as we honor

ss

the most impactful philanthropic initiatives between

for-profit and non-profit companies as well as the
Jo

Top 25 Law Firms by pro bono hours that make up

ur
na

Philadelphia’s Faces of Philanthropy.

ls
-
No
tf

Event questions? Contact Angelica Garcia at

or

agarcia@bizjournals.com or 215-238-5111
c om

Sponsorship opportunities? Contact Sandy Smith at

ssmith@bizjournals.com or 215-238-5100
m
er
cia

CONGRATULATIONS 2018 HONOREES

lu
se

AC Moore Arts & Citizens Bank with Main Line Accounting Philadelphia
Crafts Inc. with Citizens Champions with Philadelphia Homeowner
Easterseals in Action Youth Basketball Resource with
Rebuilding Together
Akin Gump Strauss CMI/Compas with NewSpring Capital Philadelphia
Hauer & Feld Liguori Academy with The Greenlight
(Philadelphia office) Fund Vanguard Group with
Evolve IP with Junior
with Support Center Children’s Hospital of
Achievement PECO and
for Child Advocates Philadelphia
Philadelphia Zoo
Co-Sponsor: FS Investments with
AmerisourceBergen Wells Fargo with
ACHIEVability Philadelphia Eagles
and Toll Brothers with Adoption Center of
with Children’s
CEOs Against Cancer Independence Blue Delaware Valley
Hospital of
Cross with Justice
Benjamin’s Desk/1776 Philadelphia White and Williams
with Episcopal Center for Research, with Adopt A School
Community Services Penn State University PNC Bank with United Initiative
Way of Greater
Berkshire Hathaway KPMG with First Book Philadelphia and
People’s Emergency
HomeServices with Southern New Jersey
Center
Cradles to Crayons
26  PHILADELPHIA BUSINESS JOURNAL

Deekshita Venkataramana
Reddy and Venkata Dinesh
Parchuri, 344 Hillside Ln.,
Haddonfield 08033, Block
10.12 Lot 25 Borough of
Haddonfield, $860,000.
Suzanne M. Rohloff to
Albert Paul Disdier and
Anne Disdier, 30 Kings
Ct. #201, Haddonfield
08033, Block 34 Lot 10
Qualifier CO201 Borough of
Haddonfield, $500,000.
Matthew F. Hendricks and
Alexis Hendricks to Javier
Fervienza and Marcia R.
Quitete Fervienza, 18
Wilkins Ave., Haddonfield
08033, Block 118 Lot 53
Borough of Haddonfield,
$485,000.
Cherry Hill Partners at Park
Place LLC to Stanley and
Louise Zweibel, 714 Cantor
Trl., Cherry Hill 08002,
Block 54.01 Lot 5 Qualifier
C0714 Cherry Hill Township,
LEADS
$471,481. Donna M. Zerbo to Gerardo
A. De Los Santos and Ana
Hovbros Berlin LLC to
S. Whitmer, 51 Covington
Jeffrey S. and Sharon N.
Ln., Voorhees 08043, Block
Karl, 7 Seville Ct., W. Berlin
08091, Block 2501 Lot 74 213.04 Lot 82 Voorhees
Township, $375,000.
Berlin Township, $445,894.
C. James LaRusso and Erica
Frank V. and Diane L. Cielo
to Jason M. Buniak and A. LaRusso to Andrew F.
Gina Buniak, 127 William Richardson and Nicole A.
Feather Dr., Voorhees Magrino, 107 Deerfield Dr.,
08043, Block 229.17 Lot Cherry Hill 08034, Block
11 Voorhees Township, 404.22 Lot 3 Cherry Hill
$390,000. Township, $357,000.
LRJ Proprties LLC to Jay
E. and Lynne A. Tierney,
236 Walnut St., Audubon
08106, Block 91 Lots 6.03
and 7 Borough of Audubon,
$343,500.
Shoshana Avraham Levy
Trustee to Soneia Frazier,
438 Browning Ln., Cherry
Hill 08003, Block 434.23
Lots 9 and 10 Cherry Hill
Township, $340,000.
John C. Jones Jr. and
Sandra M. Jones to John
and Michelle Holzer, 19
Brookwood Dr., Voorhees
08043, Block 230.22 Lot
13 Voorhees Township,
$335,000.
Donald Harris and
Stephanie James Harris
to Frank S. James, 210 W.
Maple Ave., Merchantville
08109, Block 24 Lot 2
Borough of Merchantville,
$327,272.
Thomas J. and Loretta R.
Hauber to Jonathan Vitale
and Lisa Caswell, 128 E.
Linden Ave., Collingswood
08108, Block 53 Lot 2
Borough of Collingswood,
$322,000.
Robert T. Foster to Joseph
V. Cornforth and Kasey
Cornforth, 40 Aristone Dr.,
Berlin 08009, Block 2203
Lot 3 Borough of Berlin,
$312,000.
Estate of Bernadette
J. Bickmore to Mark C.
Manning and Caitlin C.
McCandless, 700 Jefferson
Ave., Cherry Hill 08002,
Block 385.01 Lot 16 Cherry
Hill Township, $302,500.
Prime Homes NJ LLC to Erik
Baker and Kristen Pepin,
24 Orchid Ln., Cherry Hill
08002, Block 286.20 Lot
16 Cherry Hill Township,
$302,000.

BUSINESS MARKETPLACE
Contact Mike Zirbser at 215-238-5128 or mzirbser@bizjournals.com to advertise

DISTINCTIVE HOMES
Am

Cherry Hill/Hunt Tract MOORESTOWN

CHERRY HILL/
er

This Magnificent build- Magnificent estate

VOKEN TRACT on 7 acres with
Custom Estate home er’s home is a master-
ica

piece of architecture it’s own private

on 1.5 acres of pro- nestled on over 9 acres pond. Long, pri-
fessionally land- with 6 Br 6 baths and 2 vate drive takes
n

scaped grounds w/ powder rms. The Mstr you to this 6BR, 6

heated granite walks & suite includes a sitting full bath custom
Ci

driveway, 3 car at- room, bedroom, home w/ 3 FP.

tached & 2 car de- luxurious bath, 2 Fpls & Gourmet Kitchen.
tached garage. 4 BRs,
ty

4 WICs. The 3 year old Master Suite w/

4 Full & 2 half baths. gourmet kitchen has
private balcony &
Marble staircase & Smallbone cabinets,
spiral stair-case to
Bu

floors, elevator to all 3 Tumble Limestone

flooring, Viking stove w/additional double ovens, warmer, subzero refrig- Main floor Atrium,
floors. Joanne Hudson indoor pool/spa & 10 person Jacuzzi. Library w/ built-ins & FP. Great
designed kitchen, FR erator, granite countertops & back splash, w/Large Center Island. The
s

great room features a custom bar, wine/ humidor room, French doors to Room/LR w/ pass-thru FP & custom built-ins. Main floor Gym. Blue
w/custom gas FP, 2 main floor studies, rear staircase. Master Suite
ine

the outdoor veranda, and tennis ct. This home has a four car garage and
w/gas FP, 3 dressing rooms, large steam/shower room. Custom a separate detached garage which can hold an additional 10 cars.
lighting, sound & security t/o. Full Basement, Outdoor kitchen. Realistically Priced at $2,375,000
Realistically priced at $2,499,000
ss
stone & brick patio, 3 car heated garage & detached barn w/ kitch-
enette & 1/2 bath. Brand new Cedar Shake roof, new AC.
...Realistically priced at $1,700,000

The #1 Agent of the Cherry Hill Home Marketing Center 2017, 2016, 2014, 2013, 2012 The #1 Agent of the Cherry Hill Home Marketing Center 2017, 2016, 2014, 2013, 2012 The #1 Agent of the Cherry Hill Home Marketing Center 2017, 2016, 2014, 2013, 2012
NJAR Circle of Excellence GOLD Award 2014, 2013 NJAR Circle of Excellence GOLD Award 2014, 2013 NJAR Circle of Excellence GOLD Award 2014, 2013
PLATINUM Award 2017, 2016, 2015, 2012 PLATINUM Award 2017, 2016, 2015, 2012 PLATINUM Award 2017, 2016, 2015, 2012
Jo

akoonsbhhs@gmail.com www.annekoonsrealestate.com akoonsbhhs@gmail.com www.annekoonsrealestate.com akoonsbhhs@gmail.com www.annekoonsrealestate.com

direct 856-795-4709 office 856-428-8000 ext 142 direct 856-795-4709 office 856-428-8000 ext 142 direct 856-795-4709 office 856-428-8000 ext 142
1401 Route 70 E., Cherry Hill, N.J. 08034 1401 Route 70 E., Cherry Hill, N.J. 08034 1401 Route 70 E., Cherry Hill, N.J. 08034
ur

Accredited Luxury Home Accredited Luxury Home Accredited Luxury Home

na

Specialist Specialist Specialist

Licensed in NJ & PA Licensed in NJ & PA Licensed in NJ & PA
ANNE E. KOONS ANNE E. KOONS ANNE E. KOONS
ls

BUSINESS SERVICES
- No

Controller - Reporting (Essity HMS North America Inc. / Philadelphia,

tf

PA) – Respnsble for providg specialzd financl bus. spprt; spprt con-

Reprints
solidtg & forecstg activities & particpte in mnthly closing for the N.
or

America Consumer bus. Reqs Bach or higher deg in Bus. Admin. & 6
mnths of exp in job offrd or as Derivative Settlement - Hedge Funds
GET OUR NEWS
c

Contact
Consultant. Bkgd in educ, traing or exp must incld high proficiency
om

(advncd) in MS Excl & PwrPnt; intermdte lvl or highr in MS Access &

Betty Michelli ALL DAY ON TWITTER. Word; strong attention to detail, high lvl of accuracy, & well organzd;
m

proven effective communic’n skills at all levels within an org; proven

self-dirctd, workg indepndntly & in team envirnmnt; ability to work on
215-238-5109 @PHLBizJournal
er

multiple tasks; demonstrtd bus. judgment w/ advncd knwldge of

finance & accountg analytical & numercl skills w/ demonstrtd accura-
cia

cy & attention to detail. Email resume to Tom.Pezick@essity.com ; ref

job title in subject line.
lu
se

COMMERCIAL REAL ESTATE

School Campus/Institutional Availabilities SCHOOL CAMPUS AND INSTITUTIONAL PROPERTIES

WCRE understands the difficult task facing public and private educational institutions
FOR SALE / LEASE

that need to acquire, dispose, downsize or relocate. We’ve successfully worked with
FOR LEASE
FOR SALE

clients to acquire new educational facilities, repurpose former school campuses, and
find new uses compatible with the surrounding community while obtaining maximum
value for the property.
“WCRE’s team has an excellent understanding of the marketplace and did a great job in
marketing our real estate and securing a tenant for our vacant school. Their professionalism
1004 Laurel Oak Road 400 Route 73 1 Burlington Street and enthusiasm were evident from day one. WCRE’s team is energetic, highly motivated and
Voorhees, NJ Marlton, NJ Gloucester City, NJ a company with an excellent work ethic.”
+/- 13,092 sf +/- 21,848 sf +/- 10,000 sf
John J. Recchinti, School Business Administrator / Board Secretary, Evesham Township School District
Contact: Christopher Henderson - chris.henderson@wolfcre.com, 856 857 6337
Ryan Barikian - ryan.barikian@wolfcre.com, 856 857 6307 follow us:

Wolf Commercial Real Estate NJ OFFICE l 951 Route 73 North I Suite D l Marlton, NJ 08053 l P 856 857-6300
www.wolfcre.com PA OFFICE l 630 Freedom Business Center I 3rd Floor l King of Prussia, PA 19406 l P 215 799 6900
MARCH 16, 2018 27
VIEWPOINT
The Business Journal welcomes letters to the editor
280 CHARACTERS OR LESS
THIS, THAT AND
THE OTHER TWEET
DELL PONCET
tweets on some
things that catch
his eye each week.
Follow him
on Twitter at
@PHLBizDPoncet
“Leading is overrated,” said the guy
Am
who got passed over again for a
promotion from the back of the bus
smoking a cigarette.
There is an actual product called
Anti Monkey Butt that you can buy
in a store. I’m not making this up.
Don’t look at me like that. STOP IT!
http://bizj.us/1pj20j
Here are the Philadelphia area jobs
with the highest — I said HIGHEST
— wage growth over last year. And,
uh, really, it’s surprisingly pathetic,
I think. http://bizj.us/1piuvx
I have to cancel the adult toe
dancing class I was scheduled
to teach at Collingswood
High tonight. Sorry for the
inconvenience.
There’s no truth to the rumor that
#Trump called Rex Tillerson “Flexy
Rexy” when he attended Oval
Office meetings in a tank top.
Let me say this straight out. A
“wrap” is an inferior sandwich.
(I’m not talking tacos or burritos
here, which are admittedly
delicious.)
Well @PHLBizMCaffrey says Sen.
Chris Coons would look exactly
6 years younger if he shaved his
head and got rid of the toilet bowl
look. Do you agree?
R ONLINE EXTRA
BRETT MANDEL chastises the
Kenney administration for wanting to
raise taxes on a poor city with poor
services. Go to pbj.com
er
ica
n
Ci
ty
GUEST COMMENT
Bu
If a monkey could do their jobs …
s
ine
ss
BY TERRY WALL
Jo
“A
monkey could do your job.”
ur
A boss actually told me
na
that. It was a part-time
job I had in college, and the boss
was a couple levels above me. But
that’s what he told me. Without any
pretense, or apology, or any attempt
to water it down, he just said it: “A
monkey could do your job.”
My job was to call people, tell
them that their credit cards had
been canceled, and ask them to cut
up their cards and mail them to us.
Most of the people did just that.
Seven or eight of us did this in
the evenings and on Saturdays.
You had to be good on the phone,
able to put up with abuse, and will-
ing to listen to some crazy stories.
But according to this high-up guy,
“A monkey could do your job.”
His name was Al, but behind his
back people called him “Smooth
Al,” because he could be pret-
ty smooth when he wanted to. He
was complaining to me about what
a bunch of jerks worked there. He
said they were all, present company
excluded, a bunch of lazy jerks.
I disagreed, and said they’d prob-
ably work harder if he treated them
R GAINERS AND LOSERS
PHILADELPHIA HEALTH
D Once again, Philadelphia is
named the most unhealthy
county in Pennsylvania. That’s not good
for people or the economy, folks. We
need to solve this.
Send letters to the Philadelphia Business Journal
400 Market St., Suite 1200, Philadelphia, PA 19106
with more respect. Al was notorious
for treating the employees with utter
disdain. (Except for the young, pret-
ty women employees, with them,
Smooth Al was at his smoothest.)
Smooth Al said, “You’re just giv-
ls
ing me a lot of psychology nonsense
-
you’re learning in college. The truth
No
is, a monkey could do your job. So
don’t talk to me about respect.”
tf
I think of Smooth Al whenev-
or
er I hear managers complain about
employees being lazy or incompe-
c
tent. True, some employees ARE lazy
om
or incompetent, but I really believe
they represent a tiny minority. Oth-
m
er employees are not lazy but receive
er
such disrespect from their manag-
cia
ers that they just don’t work as hard
as they should. The fault for this is
lu
shared by the managers.
When managers regard employ-
se
ees in general as being lazy, incom-
petent or as malcontents or peo-
ple whose jobs are so simple that
a monkey could do it, this attitude
comes across in those managers’
actions, words and facial expres-
sions. Employees are smart enough
to recognize this, even when the
managers, like Smooth Al, talk a
good game. Disrespect employ-
ees, and you shouldn’t be surprised
REBECCA RHYNHART
C The new City Contoller is
already getting flak from the
Mayor’s Office about her office’s soda
tax report. Good. The controller should
be a tough watchdog for the taxpayers.
philadelphia@bizjournals.com
GETTY IMAGES
when they don’t perform that well.
Managers get the kind of employ-
ees they deserve. Treat them with
disdain, they’ll perform poorly. Treat
them with respect and they’ll be
engaged, committed to company
goals and more productive.
But employees will see through
all the fluff. It was the same with
Smooth Al. One time he was taking
people on a tour of the office, and
paid me a very nice compliment.
That was the “public” Smooth Al.
Underneath, I knew he thought a
monkey could do my job, and other
employees knew he felt that way.
A leader’s attitude is ALWAYS
showing. Even if there’s only one
employee we don’t like, or don’t
respect, that attitude will come
across to that employee.
As leaders we need to look at our
attitudes toward employees in gen-
eral, and as individuals, and remem-
ber that employees can read our
attitudes. Does your attitude show
a genuine respect for the employ-
ees? If a monkey could do their jobs,
what do they need you for?
Terry Wall is president of T.G. Wall
Management Consulting in the
Philadelphia area.
TRUMP
D Whatever your political
persuasion, the constant
chaos in the White House is not good
for America or the world. It’s getting
tiresome, and voters are reacting.
28  PHILADELPHIA BUSINESS JOURNAL

Am
er
ica
n
Ci
ty
Bu
s ine

isn’t a substitute for a plan.

ss
Jo
ur
na
ls

How can you As a business owner, you have a lot of people relying on you. Do you have a
- No

plan in place for when you’re ready to transition your business? Is your vision
ensure the
tf

for the business clear? Will your employees, customers, and family be well cared
or

people you
c

for? Wilmington Trust has been helping business owners like you build effective
om

care about will transition strategies for more than a century. The earlier you begin planning, the
m

be taken care
er

more flexibility you’ll have – and the better protected your business will be.
cia

of when you For a deeper understanding of business transition planning, call Colleen Marsh and
lu

move on? her team at 610-520-1499. Download our research The Power of Planning
se

at wilmingtontrust.com/businessowners.

W E A L T H P L A N N I N G | T R U S T A N D E S T A T E S E R V I C E S | I N V E S T M E N T M A N A G E M E N T | P R I V A T E B A N K I N G*

* Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.
Investments: • Are NOT FDIC-Insured • Have NO Bank Guarantee • May Lose Value
Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank, and certain other affiliates
provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through Wilmington Trust Corporation’s international
affiliates. Wilmington Trust Investment Advisors, Inc., a subsidiary of M&T Bank, is an SEC-registered investment advisor providing investment management services to Wilmington Trust and M&T affiliates and clients. Loans, credit cards, retail and
business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC.
©2018 Wilmington Trust Corporation and its affiliates. All rights reserved.

16207 Biz Owner Print Ad | Philadelphia Business Journal | 10”h x 12.625”w