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Philadelphia Metropolitan Area Real Estate Law Blog

Tag: Financing

Dog days ahead for Philly business thanks to unlikely source

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Oct 31, 2012.

When the franchise owner of Central Bark, a day care facility for – you guessed it – dogs went looking for financial help in relocating her small business she received support from an unlikely source. That source is an almost 55-year-old nonprofit economic development organization that has been linked to some of Philadelphia’s most ambitious building projects. We are referring to the Comcast Stadium and the repurposing of the Navy Yard, among others. The president of Philadelphia Industrial Development Corp. doesn’t even have a dog.

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Regional developer and bank reach settlement over financing dispute

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Dec 12, 2011.

A nearly year-long suit between Citizens Bank of Pennsylvania and developer Brian O-Neill-one of the region’s most active developers of residential and commercial properties, reportedly ended in a settlement last Friday. O’Neill initially sought $8 billion in damages in the suit, which he filed in January in the midst of a difficult construction economy.

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