Cherry Hill, Recyclebank featured in NY news segment

Mayor Bernie Platt and a handful of Township residents and businesses were featured in a news segment last night on WCBS (Ch. 2) in New York.

Here's the link: http://wcbstv.com/video/?id=140048@wcbs.dayport.com

Mall owner receives new financing

The cash-strapped owner of Cherry Hill Mall and other area shopping centers has closed on a secured credit facility with term loans of $520 million and a $150 million revolving line of credit with its bankers.

Six months in the making, the deal with a consortium of Wells Fargo and more than a dozen other banks soothes fears concerning the Pennsylvania Real Estate Investment Trust's ability to pay its bills.

PREIT announced the package after the close of business Thursday, but before the company's widely anticipated earnings report today.

Read the rest of this article at: Mall owner receives new financing | courierpostonline.com | Courier-Post.

Mall owner receives new financing

Posted via CourierPostOnline.com:

The cash-strapped owner of Cherry Hill Mall and other area shopping centers has closed on a secured credit facility with term loans of $520 million and a $150 million revolving line of credit with its bankers.

Six months in the making, the deal with a consortium of Wells Fargo and more than a dozen other banks soothes fears concerning the Pennsylvania Real Estate Investment Trust's ability to pay its bills.

PREIT announced the package after the close of business Thursday, but before the company's widely anticipated earnings report today.

Analysts and investors have been watching PREIT, which is more than $2.5 billion in debt and had drawn down most of its credit. The company spent $240 million on its transformation at Cherry Hill.

The new credit facility for PREIT has a term of three years and is secured by mortgages on 22 properties.

Ronald Rubin, CEO, said the deal enables PREIT to keep growing.

The money will pay down the previous $500 million unsecured revolving credit facility and a $170 million unsecured term loan that were scheduled to mature on March 20.

In addition to Cherry Hill, PREIT owns Moorestown Mall, Voorhees Town Center and more than 45 other shopping centers in the Mid-Atlantic states.

Reach Eileen Smith at (856) 486-2444 or esmith@courierpostonline.com

Township hosts 2010 Census kickoff event

Mayor Bernie Platt and Township Council invite you to attend the 2010 U.S. Census Kick-Off Meeting on the evening of Tuesday, March 16, at 7 p.m. in the Carman Tilelli Community Center at Town Hall (820 Mercer Street).

Information collected from the U.S. Census becomes a factor in many government decisions, such as the number of seats New Jersey has in Congress, in addition to how more than $400 billion in federal money is allocated each year to fund infrastructure additions, improvements and services in communities such as Cherry Hill.

Please join Township and U.S. Census Bureau officials as the 2010 Census begins!

Photos: Health club lays down turf, plans for speed school

The Cherry Hill Health & Racquet Club recently finished converting one of its tennis courts into what will become a Parisi Speed School.

The approximately 7,800 square foot space has a turf area that replicates a football field with yard markers and there are four lanes of straight track for sprinting.

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Acme president announces departure

By Eileen Stilwell, Courier-Post Staff

Judy Spires, a Cherry Hill native who rose from grocery clerk to president of Acme Markets, announced her resignation Monday, effective Friday.

Spires is leaving for another company, but will not disclose where until next week, said a spokeswoman for SUPERVALU, the parent company of Acme.

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PHOTO: Accounting firm logs $6,150 in fundraiser

Alloy Silverstein Goes Red for Women

C-P apologizes for delivery issues

Posted via CourierPostOnline.com:

Due to an unforeseen production issue, many of our home delivery customers and local business may have received their newspapers late on Sunday. We apologize for any inconvenience this may have caused and thank you for your patronage.

Buckle up at Cherry Hill Mall

By Eileen Smith, Courier-Post Staff

HAPPILY HIP ALERT:

Buckle is open at Cherry Hill Mall.

That is great news for fashion-forward shoppers who have been pining away for Buckle, one of the few retailers consumers get really, REALLY excited about in a time of conspicuous non-consumption.

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Accounting firm logs $6,150 in fundraiser

Employees of The Alloy Silverstein Group, an accounting firm headquartered in Cherry Hill, donated a record breaking $6,150 in honor of the American Heart Association's National Wear Red Day on Feb. 5.

This contribution breaks the company's 2009 record of almost $6,000 when the American Heart Association recognized the firm as one of top 50 companies across the nation raising the most dollars to help fight against the No. 1 killer of American women -- cardiovascular disease.

via Accounting firm logs $6,150 in fundraiser | courierpostonline.com | Courier-Post.

Costco and Wegmans top foodie poll

Though the closest Costco is a few towns away, in Mount Laurel, Cherry Hill is home to supermarket giant Wegmans.

Courier-Post reporter and blogger Eileen Smith featured a story today on her Shop 'Til You Drop blog, which said that Wegmans and Costco were chosen as the top grocery retailers.

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Stores, offices take a snow day in region

John Ziomek/Courier-Post

Many retailers, banks and offices took a cue from schools and took off Wednesday as the latest storm passed through South Jersey.

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Towing, repair firms benefit

JOSE F. MORENO/Courier-Post

By Rachel Misenko, Courier-Post Staff

As some motorists across South Jersey ventured out in this week's snowstorms tow-truck operators, auto body repair shops and auto service businesses knew work is headed their way.

Accidents are bound to happen. Vehicles will get stuck.

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Town Hall, Library, Schools closed Thursday, Feb. 11; trash collection canceled

The Cherry Hill Township Municipal Building will remain closed on Thursday, Feb. 11, to ensure the safety of municipal employees and residents in these treacherous weather conditions. All Township schools and the Cherry Hill Public Library will remain closed, as well, and all recreational programs have been canceled.

This closure affects all non-emergency offices, including the Township’s tax window and Municipal Court. As such, the grace period for first-quarter tax payments has been extended again, to the close of business (5:30 p.m.) on Friday, Feb. 12.Municipal Court sessions scheduled for Thursday have also been canceled, and will be rescheduled through the mail shortly. For more information, please call the Court at (856) 488-7850, when offices re-open.

Trash and recycling collection have also been canceled for Thursday. Wednesday’s trash and recyclables are expected to be picked up on Friday. Thursday and Friday collections have been rescheduled to Saturday, Feb. 13. All collection routes are expected to be back to a normal schedule on Monday, Feb. 15, and operational despite the President’s Day holiday.
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Commerce founder, bank continue court battle

It has been more than two years since Vernon W. Hill II was squeezed out of what was then Commerce Bancorp Inc., the Cherry Hill-based financial powerhouse he masterminded in 1973.

Since then, Hill, wife Shirley, the bank and its current owner, Toronto-based TD Financial Group, have been embroiled in dueling lawsuits in both state and federal courts.

Read the rest of this article at: Commerce founder, bank continue court battle | courierpostonline.com | Courier-Post.