Joseph N. DiStefano writes business stories for the Inquirer, including the PhillyDeals column on Wednesdays, as well as the blog at www.philly.com/phillydeals.
Email Joseph N. at JoeD@phillynews.com
Money's tight for Pennsylvania. But last month, a state agency went to Wall Street and borrowed $107 million to enrich a California hedge fund, a Wall Street bank, and other speculators in a Harrisburg office building.
Former Pennsylvania Gov. Mark Schweiker has left his post as president of PRWT Business Process Solutions to join Renmatix, a King of Prussia company that says it has a high-pressure process to turn wood and farm waste into a source of fuel and chemicals under the brand name Plantro.
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Philadelphia is fertile territory for 'coworking spaces'
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PhillyDeals: Rent-a-suites for young IT professionals and start-ups are spreading through Center City, West Philly, and the suburbs.
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PhillyDeals:
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A daily riff on the people, companies, deals, market-movers, dreams, and whispers driving regional commerce. Read Joseph N. DiStefano's daily blog at www.philly.com/phillydeals
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Reinvestment Fund's leadership changes, but not its role
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"It cost just as much to build in Northern Liberties as it cost in Rittenhouse Square," but rents and values fall as you leave Center City; so urban projects need extra sweeteners, says Philadelphia developer Bart Blatstein.
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For Bill Graham, 'money was never what it was about'
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William A. Graham IV had lunch the other day with George Norcross III, his cut-throat rival in the insurance brokerage and consulting business.
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Montco investment banker extols the value of private-equity sector
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PhillyDeals: A West Conshohocken banker defends his industry, which has been under attack recently.
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Bipartisan state, local effort saves the day - and retains a firm
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Action Manufacturing is moving its military electronic fuses and detonators plant from its aging North Philadelphia location - on the St. Christopher's Hospital for Children campus at Front Street and Erie Avenue - to Bucks County.
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Pep Boys buyer: 'There's going to be more stores.'
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PhillyDeals: The auto-parts and car-repair chain expects to keep its headquarters in Philadelphia. It has about 19,000 employees.
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Amway chief is Constitution Center's new chair
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Doug DeVos, second-generation boss of consumer-marketing giant Amway and newly elected chairman of the National Constitution Center's executive board, sits at the center's Independence Mall headquarters, with its bronzes of the Founding Fathers in lifelike poses, and tells how the message of America's founding document isn't that different from what his company has found in its rapid expansion through Asia:
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Marshalls store coming to Staples site at 10th and Market
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PhillyDeals: Real estate officials and property owners talk of transforming Market Street into "one of the city's premier retail corridors."
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Main Line contractors' insurer faces uncertainty
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PhillyDeals: First Sealord Surety faces an uncertain future after a British company canceled plans to buy it.
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