Stories from our Region – May 28, 2020

 

Fast-growing biotech firm takes King of Prussia space, plans 100 new jobs

WuXi Biologics has leased 33,000 square feet at the Discovery Labs in King of Prussia and expects to add 100 jobs by the end of this year.

 

Philadelphia biotech firm expands gene therapy partnership with Penn

Passage Bio, which went public earlier this year in a $248 million IPO, said Thursday it has expanded its gene therapy partnership with the University of Pennsylvania.

 

Esports leagues use hiatus to fine-tune events model

While there were positive signs to build on, including several event sellouts, executives around the league say they plan to use the time before in-person events would be held again to evaluate possible changes to the model.

 

7-building industrial portfolio in South Jersey hot spots sells for $43 million

A seven-building portfolio spread across some of South Jersey’s hot spots for industrial properties sold for $43 million, a deal that closed despite challenges posed by the COVID-19 pandemic.

 

Delaware legislators offer bill aimed at getting Maryland commuter trains to Newark

Rep. Osienski and Sen. Hansen filed legislation that would authorize the Delaware Department of Transportation to work with other agencies to improve the regional rail network.

 

Newmark Knight Frank (NKF) research sees long-standing office trends disrupted once reboarding begins

NKF findings show that businesses are not going to immediately return to normal operations and they will be expected to continue social distancing based on the CDC guidelines for a phased reopening.