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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

But apparently they’re doing something right in Philadelphia. The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC.

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Office Lending – Here is Why It is Not as Bad as The Market Thinks

South State Correspondent

It is in locations like San Francisco and Miami but less so in Philadelphia. Attendance in Philadelphia is relatively low, yet office demand has held up, and delinquencies remain controlled. Because of strong corporate earnings and substantial employment, the office market is getting a reprieve from a full-fledged downturn.

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Philly Mall Owner Sets The Tone For Digital 3.0

PYMNTS

A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective. In a trade publication. “We

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Airport Shop To Add Amazon’s Just Walk Out Tech At Newark, LaGuardia

PYMNTS

CIBO Express Gourmet Market, owned by hospitality group OTG, is located at Newark Liberty International Airport Terminal C, with more locations to follow in Newark and at LaGuardia Airport. OTG operates 350 restaurants and shops in 10 airports, including in Minneapolis, Washington D.C., Philadelphia and Toronto. “OTG

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Delivery Service goPuff Buys West Coast-Based BevMo For $350M

PYMNTS

Philadelphia-based goPuff, which bills itself as a kind of catch-all service for helping customers with various everyday shopping needs, is hoping to use the announcement to enter into the California market, the blog post stated. The $350 million deal is expected to close within 30 days, the Los Angeles Times reported.

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Mediaocean Seeks Supply Chain Transparency

PYMNTS

The partnership expands upon several years of blockchain investments by Mediaocean, and strives to put end-to-end advertising campaign control back into the hands of marketing firms and ad agencies. Philadelphia-based Amino Payments launched in 2017, and was co-founded by Luttrell, Chris Chapman and David Bookspan.

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NY Lawmaker Asks For Antitrust Probe Into Grubhub

PYMNTS

While I am not accusing any entity of committing unlawful acts, I do believe that Grubhub’s outsized market share and heavy-handed tactics could lead to artificially reduced competition, which in turn may drive up the commissions paid by struggling locally owned restaurants,” Gjonaj wrote in a July 2 letter.