Thanks for the quick reply Wolfe.
I added your code to my line of PHP in my template:
<h3><a href="<?php the_permalink(); ?>"><?php $title = the_title('','',FALSE); echo substr($title, 0, 40), $newtitle = str_replace(" | ", "</br>", $title);?></a></h3>
However if you look at the page: http://www.slarc.com/projects/ You'll see it's still adding the title with the location, then duplicating the title, and adding the break to another line for the location. I've tried different variations of the code, but can't seem to get it to work.
Why is it duplicating the title? (sorry for the rookie questions, I'm not very familiar with PHP).