KENNETT SQUARE, PA-By separating its Baltimore-based NeighborCare institutional pharmacy business from its locally based ElderCare nursing home and assisted living empire, Genesis is poised to grow the pharmacy side of its business and entertain offers to sell off ElderCare.
PHILADELPHIA-In a study of America's top 10 multifamily investment markets by Irvine, CA-based Sperry Van Ness, Philadelphia, with an average yield of 11.09% and $39,384 price-per-unit, stands in the top three buyer's markets, flanked by Cleveland and Cincinnati, OH.
PHILADELPHIA-The property at 200 Yale Ave., north of suburban Bala Cynwyd, PA, will house new offices of the Delaware County Intermediate Unit, one of 29 state regional educational agencies. The locally based energy company did not disclose the sale price of the site.
PHILADELPHIA-Standard & Poor's gives the Philadelphia Housing Authority its highest rating, "strong." While praising PHA's management and vision, S&P also sites distressed areas of the city and "overwhelming tasks" ahead. PHA operates 15,749 family and elderly units in 44 developments.