University of Pennsylvania Announces New Life Sciences Facility to Support Region’s Discovery

The 455,000-square-foot addition to the 23-acre site is anticipated to open in Q4 2025, providing speculative labs to accommodate life sciences companies and incubator startups.

New Navy Yard Plan Includes Transformations to Create a New Neighborhood in the City

Developers Mosaic Development Partners and Ensemble Real Estate Investments’ plan calls for 8.9 million square feet of residential, commercial, and retail space. Such transformation would bring about an estimated 12,000 new jobs to the Navy Yard.

Governor Wolf Announces GLG Expansion Into Region, Creating 250 High-Quality Jobs […]

New Select Greater Philadelphia Website Tells Companies and Talent: “Achieve Your Vision Here”

Select has launched a revamped website targeted toward companies, entrepreneurs, site-selectors, and talent interested in the 11-county Greater Philadelphia region’s location and opportunities. The site’s resources include an interactive regional map, along with property and job search tools.

Greater Philadelphia’s Venture Capital Investments Grow More in Q1 than All Other U.S. Metros

The region saw a 71% increase in startup funding over the first three months of 2022, the largest first-quarter growth experienced by any major metro in the country this year.

The Thriving Life […]

Regional Leaders Praise Greater Philadelphia’s Culture, Cuisine, and Quality of Life

Greater Philadelphia’s leaders highlight our region’s strengths to make a case for why Life sciences companies should consider relocating here to achieve their vision.

Join the Chamber for a dynamic event that will bring leaders together to explore developments impacting our region’s life sciences market.

Incyte’s New 200,000-Square-Foot Building Will Bring More Workers to Wilmington Headquarters

The new 200,000-square-foot research building, featuring four floors of lab space, will house over 440 research and clinical development employees.

PHL to Kick Off First Phase of […]

Medaglio to Direct Chamber’s Business Attraction & Expansion Efforts

The Chamber names James Medaglio as Director, Business Attraction & Expansion focusing on identifying, engaging, and assisting companies looking to relocate or expand in the Greater Philadelphia region.

ChristianaCare to Acquire Crozer Health from Prospect Medical Holdings

ChristianaCare signed a letter of intent to acquire Crozer Health from Prospect Medical Holdings, a change in ownership that will increase access to care and health equity.

The Wistar Institute Received A $250K Federal Grant to Strengthen Life Sciences Workforce

Philadelphia’s Wistar Institute is one of […]

Surge in Life Sciences Investment in Region Continues

The Greater Philadelphia region saw more than $12 billion invested in the life sciences sector in 2021.

Philadelphia Industrial Market Closes Out Another Record Year

Two year-end acquisitions totaling $45 million contributed to another record year in industrial sales for the region.

Record Construction Activity For Philadelphia

The Department of Licenses and Inspections has issued permit approvals likely to result in the construction of roughly triple the number of the average total per typical year.

Velocity Venture Partners Makes $32 Million Purchase in South […]

PHL Connects Region’s Life Sciences Ecosystem to the World

Philadelphia International Airport’s James Tyrrell shared how PHL contributes to the life sciences sector.

Spark Therapeutics Plans Gene Therapy Manufacturing Plant in University City Worth $575M

Spark announced the signing of a 99-year ground lease for its new 500,000-square-foot gene therapy manufacturing plant on Drexel University’s campus.

Recent Real Estate Transactions Across Our Region

Arts & Crafts Holdings obtains a $25 million construction loan and other regional companies sign leases for 20,000-square-foot facilities.

Philadelphia Is Among The “Rising Cities” Attracting Millions in Startup Funding

Startups in […]