CenterCityTeam Category

Philadelphia-Based “Shark Tank” Deal Comes to Naught

August 4th, 2016 Shannon O'Donnell Comments Off on Philadelphia-Based “Shark Tank” Deal Comes to Naught

A trio of young entrepreneurs from Philadelphia thought their dreams had come true when they appeared on an episode of ABC’s “Shark Tank” TV show. For the uninitiated, “Shark Tank” has hopeful (usually young) business owners making presentations to a panel of millionaire and billionaire “sharks,” who offer constructive criticism of their ideas and practices and, if the entrepreneurs are lucky, offer to invest in the businesses for a percentage stake in the company.

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The ladies behind ZOOM Interiors say that they are grateful for Corcoran’s guidance, even though the deal ultimately fell through. (Photo: ABC)

Madeline Fraser, Elizabeth Grover, and Beatrice Fischel-Bock certainly thought their dreams had come true in an episode filmed 11 months ago that aired Friday. While fellow sharks Mark Cuban and Lori Greiner passed on the chance to invest in ZOOM Interiors, a “tech meets design” business, Barbara Corcoran agreed to give the business $100,000 in exchange for a 33% share, a deal a bit tighter than the ladies had initially pitched, which was a 20% stake.

Unfortunately, the deal fell through. According to the trio of Fraser, Grover, and Fischel-Bock, the problem stemmed from a lack of mentorship from Corcoran, which they assumed was part of the bargain. Although the ladies have nothing but nice things to say about Corcoran, they admit that they found themselves frustrated after dealing solely with Corcoran’s “Shark Tank” business operations liaison, a man named Mike. Without Corcoran’s leadership to guide them, the group felt like a 33% stake was too high. The feeling was mutual, Fischel-Bock told BizPhilly that, “after the due diligence process, [Corcoran] didn’t see it as worthwhile.”

Things may have fallen through regarding “Shark Tank,” but the ZOOM team says that things are still looking up. Not only is the company worth more now, says Fischel-Bock, but the ladies have a new game plan as well. They are still looking for investors, but say that the advice they received from the “Shark Tank” panel was invaluable. Specifically, advice from Cuban to quit their jobs and “sleep on the floor” if necessary to devote their full energy to the business – no word on whether they are actually homeless, but the ladies work full-time for their company now.

And lest you think that this story is uncommon, know that it is not.

Bloomberg quotes TJ Hale, of the Shark Tank Podcast, as estimating that “two-thirds of the deals struck on Shark Tank never actually come to fruition.”

Philly News Briefs: 8/3/16

August 3rd, 2016 Shannon O'Donnell Comments Off on Philly News Briefs: 8/3/16

1.) Two Philadelphia restaurants have landed on Bon Appetit magazine’s list of the best new restaurants in America. One is widely considered to have been a predictable choice, while the other was a pleasant surprise. The expected choice was Wm. Mulherin’s Sons, a “slick” resto with a home in a century-old building that is helmed by renowned local chef Chris Painter. According to Bon Appetit, the restaurant landed on the list based on the merits of its pastas and pizzas, but they were also enamored of the cocktails on the bar’s list. The other eatery to land on the list is South Philly Barbacoa, at which the tortas, tacos, and, naturally, the barbacoa were all praised. Chefs Benjamin Miller and Christina Martinez are to thank for the offerings there. On August 16th, Bon Appetit will announce what restaurants made its Top 10 list.

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The pizza at Wm. Mulherin’s Sons has been praised by Bob Appetit magazine and contributed to it being named as one of the best new restaurants in America.

2.) Gun safety is an issue that’s hot in the news right now, and with good reason. Accidental shootings happen all the time, including, in Philadelphia, the recent death of a 4-year-old girl who got a hold of her mother’s boyfriend’s gun and accidentally shot herself. Inspired by that tragedy, the city is taking steps to make guns safer in residents’ homes. Gun locks will be given away for free, no questions asked, at three locations in the city. These include Fair Hill Square Park, Rose Playground, and 32nd & Cumberland Streets. According to abc6, “Residents may also call the Safe Storage Hotline at 215-686-3572 for information on obtaining gun locks.”

3.) The Philadelphia Eagles are staying on the cutting edge of technology with their new helmet-cams, which they are starting to use in practice right now. The footage from the cameras is supposed to be helpful in giving coaches something to review when looking for mistakes from a fresh perspective. Helmet-cams are gaining in popularity, both in the NFL and the NCAA. The cameras are used during non-contact practices, so that they don’t get damaged. The technology is evolving, however, and now some cameras are being made to be mounted in the front of the helmet, and able to withstand contact.

New Mormon Temple in Philadelphia Accepting Visitors

August 2nd, 2016 Shannon O'Donnell Comments Off on New Mormon Temple in Philadelphia Accepting Visitors

From August 10th until September 9th, Philadelphia-area residents and visitors will have a chance to do something not many secular people can claim: visiting the inside of a Mormon temple. The Church of Latter Day Saints just built its 152nd temple worldwide, and it’s in Philadelphia – the first temple in the state of Pennsylvania. The Church is notable for not allowing non-members within the walls of its temples, even for special occasions like weddings – only consecrated Mormons may enter. When a new temple is built, however, before it is dedicated the Church offers press and locals the chance to come and visit certain, non-sacred areas of the temple.

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Shown is the Celestial Room of the new Philadelphia Mormon temple, which will be dedicated next month.

The Philadelphia temple is nineteen stories high, built in colonial style, and is topped by a golden angel. It consists of 61,000 square feet. In honor of its historic location, much of the temple’s architecture and styling takes a cue from the 18th century. It will serve an estimated 40,000 Mormons in the Philadelphia region, as well as countless visitors from around the world. Visiting a temple is a very special experience for LDS members, who will often save their money and travel far to get to a temple.

Reporters and visitors were allowed inside and within a “visiting room,” but they were not allowed to go into the temple’s most sacred spaces, which include “a baptismal fountain, instruction rooms, a sealing room, holding areas for wedding parties, and finally, the holiest space, known as the celestial room.” Milan Kunz, an Elder in the LDS Church, told CBS Philly that “a temple is a place of peace, inspiration, learning, and sacred ceremonies.” Reporters were not allowed to bring cameras within the temple, but church leaders provided video and pictures of the inside of the temple.

It’s believed that 150,000 people will take advantage of the temple’s open house during the month it goes on.

Just Sold: 724 S 7th St, Philadelphia, PA 19147

August 1st, 2016 Frank L. DeFazio Comments Off on Just Sold: 724 S 7th St, Philadelphia, PA 19147

724  S 7th St

Just Sold: $375,000

Unique and updated two bedroom, one bathroom row home in awesome Bella Vista location within the Meredith school catchment, is ready for the new Owners to enjoy. This home is Certified Pre-Owned, and has been inspected and appraised already! Immediate equity without lifting a finger! The home offers many modern updates, including central air, as well as an enchanting feel with architectural detailed wood-work, original hardwood floors and high ceilings. The quiet tree-lined block is conveniently located near all the city has to offer. As you enter the home, you are immediately impressed by the spacious open floorpan, which includes a large living room and dining area, followed by an arched passageway into the warm kitchen, equipped with modern wood cabinets, hand painted tile floor and stainless steel appliances. Continue outside to the quaint rear yard that offers endless opportunities for entertaining, gardening and relaxing, right outside your kitchen door. On the second floor you will find a spacious bedroom with an awesome walk-in closet, along with the modern bathroom that includes an additional storage closet. The entire third floor is large bedroom with windows on either side allowing the light to flood in. The seller will replace flooring on 3rd floor prior to settlement or credit the buyers up to $1500. The full basement houses the mechanicals, washer and dryer, and provides additional storage space. Located in Bella Vista, this home is just a short walk to Italian Market, Queen Village and Center City. Don’t miss out on the opportunity to own this well cared for home in a desirable location!
 

 

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Frank L. DeFazio, JD (previously licensed to practice law in PA/NJ)
Berkshire Hathaway HomeServices Fox & Roach, REALTORS
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
Frank@CenterCityTeam.com
www.CenterCityTeam.com
PA License # RS299840
Click Here to get your home’s value instantly for free!
Over 48 Million in 2014 sales!
2015, 2014 “America’s Best Real Estate Agents” a prestigious national award by Real Trends, Trulia and Zillow recognized in the Wall Street Journal

Pennsylvania Cigarette Tax to Take Effect Today

August 1st, 2016 Shannon O'Donnell Comments Off on Pennsylvania Cigarette Tax to Take Effect Today

Everyone knows that smoking cigarettes is bad for you. With links to cancer, every cigarette you smoke is chipping minutes off your life. Every smoker has heard it ad nauseum over the years: it’s on TV ads, magazine pages, and even on the packs of cigarettes themselves. Now, cigarette smoking in Pennsylvania just got a little worse for you, because it’s going to cost more than ever.

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Cigarettes aren’t just bad for you, they are also bad for your wallet thanks to a higher state tax in Pennsylvania.

The state’s cigarette tax went up by $1 today. It used to be $1.60; now it’s $2.60. The tax will push the price of a single pack above $7, and it constitutes the highest tax increase since Pennsylvania first instituted a cigarette excise tax in 1935.

Why an extra cigarette tax? Well, to put it baldly, the state needs money. Badly. Governor Tom Wolf and the Republican-controlled Legislature are attempting to address a long-term budget deficit that has harmed the state’s credit rating.

NBC 10 News interviewed several smokers for their reactions to the new tax. “Brent Johnson, a construction handyman and pack-a-day smoker from suburban Harrisburg,” said that he won’t give up the habit that currently costs him $6.84 a day and is about to go higher. Johnson says that, as a prior New York resident, he is used to paying $7 or $8 dollars a pack for cigarettes. Still, he said, he believes that it isn’t right to target smokers. He referred to the ill-fated casino bill, which would have put casinos in Pennsylvania airports and funneled money into the state budget that way. Johnson questioned why the casinos weren’t being used as a fundraiser, instead of “taking someone’s habit and… taking advantage of it.”

The new tax increase will make Pennsylvania’s cigarette tax the 10th-highest in the nation. The overall tax on cigarettes also includes a $2-per-pack tax that benefits state schools. That makes the overall Pennsylvania cigarette tax a whopping $4.60.

Just Listed For Rent: 155 Parker Ave B, Philadelphia, PA 19128

August 1st, 2016 Frank L. DeFazio Comments Off on Just Listed For Rent: 155 Parker Ave B, Philadelphia, PA 19128

155 PARKER AVE B

Just Listed For Rent: $1075/mo

DON’T MISS this spacious and clean 2 bedroom, 1 bath apartment with one car PARKING! This is the UPPER UNIT, so you won’t hear anything above you! Property is just steps from TRAIN STATION taking you into center city! Unit has NEW WASHER/DRYER within a hallway laundry room! Property also has CENTRAL AIR, DISHWASHER, AND GARBAGE DISPOSAL! Property has equal size bedrooms, so great for couples or roommates. Each bedroom has a full size large closet. Plenty of storage space. Available October 1st! Call or Email if interested!  Agent: Agent has ownership interest.

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Frank L. DeFazio, JD (previously licensed to practice law in PA/NJ)
Berkshire Hathaway HomeServices Fox & Roach, REALTORS
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
Frank@CenterCityTeam.com
www.CenterCityTeam.com
PA License # RS299840
Click Here to get your home’s value instantly for free!
Over 48 Million in 2014 sales!
2015, 2014 “America’s Best Real Estate Agents” a prestigious national award by Real Trends, Trulia and Zillow recognized in the Wall Street Journal

 

Former Philly Police Commissioner Ramsey Talks Gun Control at the DNC

July 29th, 2016 Shannon O'Donnell Comments Off on Former Philly Police Commissioner Ramsey Talks Gun Control at the DNC

Former Philadelphia Police Commissioner Charles Ramsey addressed the Democratic National Convention on Wednesday to address the issue of gun violence and the need for “common sense” gun control – a platform that the Democratic National Committee is wholeheartedly embracing. Ramsay says that he supports these measures both to protect police officers and citizens.

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Former Police Commissioner Ramsey addressed the need for “common sense” gun control measures.

Appealing to the crowd’s support of police officers, Ramsay said that we need “more than grieving to protect our law enforcement officers and to serve the memory of those heroes who have fallen.” Namely, he said, we need “common sense measures and a leader who will fight for them.”

He referenced his own troubled childhood growing up in gang-riddled Englewood, and seeing both friends and police officers fall prey to gun violence. “During my years in policing, I’ve seen the crime scenes. I’ve seen the grieving families, including families of police officers that were killed. I’ve seen the costs of gun violence. Now more than ever, we need a strong and steady leader to stop the bloodshed, a leader that’ll protect our officers from being outgunned by weapons of war, and to rebuild the bonds between police and communities. That’s why I’m with Hillary Clinton,” Ramsey said.

Ramsey saw a decrease in violent crime during his time as police commissioner. For his hard work, he was tasked by President Obama in 2014 to head up a task force on modern-day policing. The task force looked into the relationships between police officers and the communities which they served.

“Important as ever, Hillary Clinton will build bridges between communities and police,” Ramsey promised during his endorsement. “And ladies and gentleman, that’s better than building walls.”

Philadelphia Honors LGBT Movement With New Plaque

July 28th, 2016 Shannon O'Donnell Comments Off on Philadelphia Honors LGBT Movement With New Plaque

Philadelphia is known as the birthplace of America, a city bursting with the history of how a nation was founded on the principles of liberty and justice for all. Through the centuries and decades, Philadelphia has remained a hub of progress, a leader for the U.S. in terms of fair treatment to everyone. This includes the LGBT community. Now, a new plaque has been installed in the City of Brotherly Love to commemorate the progress made in LGBT rights in Philadelphia, and to honor the people behind it.

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The marker was installed at the Arch Street Meeting House.

Speaking at the marker’s dedication was screenwriter Dustin Lance Black, who is known for the 2008 Harvey Milk biopic Milk. Black shared his personal story, of how when he first came to Philadelphia decades ago as a “closeted student,” and how Philadelphia didn’t feel like a place for people “like [him].” Now, he says, things are completely different. “History is about course correction…where we find power,” he said in his remarks yesterday morning. “[History] shall never be robbed from us again.”

The marker was installed at the Arch Street Meeting House in the Old City section of Philadelphia, where those gathered commemorated the gathering of some 300 LGBT advocates that took place 37 years ago. At the Meeting House, they organized a march on Washington that eventually drew 100,000 supporters and launched national awareness of the LGBT rights movement. Philadelphia City Councilman Mark Squilla calls that meeting at the Meeting House “the Seneca Falls of the LGBT civil rights movement,” referring to the first women’s rights convention, back in 1848.

The timing of the dedication during the Democratic National Convention this week was not accidental, says Malcolm Lazin, founder and executive director of The Equality Forum, the country’s premier LGBT civil rights summit. He called Philadelphia a city “where love trumps hate.”

Just Sold: 1831 Coolidge Ave, Willow Grove, PA 19090

July 28th, 2016 Frank L. DeFazio Comments Off on Just Sold: 1831 Coolidge Ave, Willow Grove, PA 19090

1831 Coolidge Ave

Just Sold: $216,000

Newly renovated 4 bedroom 2 bath Cape priced to sell! Beautifully-restored original wood floors and updates throughout. Large addition of an enclosed back porch make this spacious home larger than other Capes in the neighborhood. The smart layout, huge porch surrounded with windows, newly installed wood stove, and nicely landscaped yard make this home perfect for entertaining! Ample storage space above and behind the garage- and even more upstairs in the gable spaces behind the closets.In an award-winning school district close to transportation, shopping, and restaurants!

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Frank L. DeFazio, JD (previously licensed to practice law in PA/NJ)
Berkshire Hathaway HomeServices Fox & Roach, REALTORS
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
Frank@CenterCityTeam.com
www.CenterCityTeam.com
PA License # RS299840
Click Here to get your home’s value instantly for free!
Over 48 Million in 2014 sales!
2015, 2014 “America’s Best Real Estate Agents” a prestigious national award by Real Trends, Trulia and Zillow recognized in the Wall Street Journal

Just Listed: 1027-31 N 4th St C, Philadelphia, PA 19123

July 27th, 2016 Frank L. DeFazio Comments Off on Just Listed: 1027-31 N 4th St C, Philadelphia, PA 19123

1027-31 4th St

Just Listed: $144,900

Move in ready 1 bedroom, 1 bath condo located on the third floor in Cobblestone Court. This corner unit offers tons of natural light with skylight in living room, hardwood floors throughout, central air and washer/dryer in unit and amazing skyline views of Center City. Spacious kitchen with cherry wood cabinets, granite countertops and stainless steel appliances. Very close to public transportation, the Piazza, restaurants, coffee shops and much more! Make your appointment today!

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Frank L. DeFazio, JD (previously licensed to practice law in PA/NJ)
Berkshire Hathaway HomeServices Fox & Roach, REALTORS
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
Frank@CenterCityTeam.com
www.CenterCityTeam.com
PA License # RS299840
Click Here to get your home’s value instantly for free!
Over 48 Million in 2014 sales!
2015, 2014 “America’s Best Real Estate Agents” a prestigious national award by Real Trends, Trulia and Zillow recognized in the Wall Street Journal