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Office Space

NEWS
January 22, 2016 | By Jacob Adelman, STAFF WRITER
Coworking-space operator WeWork is moving into the glass-sheathed building 15th and Walnut Streets already occupied by the Cheesecake Factory, James Egan, an executive managing director at Newmark Grubb Knight Frank, said during a presentation on Center City real estate Wednesday. The 1430 Walnut St. building's 13,882 square feet of office space are on the top floor of the three-story structure, according to a listing on the website of MSC Retail Inc., which is handling leasing at the property.
NEWS
December 22, 2015
E DMUND KLIMEK, 52, of Plainsboro, Middlesex County, N.J., is managing partner of KSS Architects in Center City. The full-service architecture, planning and interior-design firm - which also has offices in Princeton - was founded in 1983. It has since broadened its scope, with notable projects in the startup community, higher education, corporate headquarters and charter schools. The firm focuses on collaborative and innovative work spaces and projects with social impact. Q: Tell me about your recent projects.
NEWS
November 27, 2015 | By Matt Gelb, Inquirer Staff Writer
Less than two months after setting a save-it-or-scrap-it deadline for the SS United States, the conservancy that is trying to restore the iconic ocean liner says it has raised $600,000 - money that will prevent the rusted vessel from being junked. For now. The donations will buy 10 months for the preservationists to reach a deal with an undisclosed developer to repurpose the ship, which has sat idle at a South Philadelphia pier since 1996. It costs $60,000 each month to maintain the ship at Pier 82, where it rises over Columbus Boulevard.
NEWS
November 19, 2015 | By Jacob Adelman, Inquirer Staff Writer
The owners of Two Liberty Place have put the office portion of the Center City tower up for sale, according to CBRE executive vice president Robert Fahey, who is handling the listing. Florida-based Parkway Properties is selling the office space in the 57-story tower to focus on its core portfolio of assets in the southeastern United States, Fahey said Tuesday. He said a significant amount of interest during the week in which the property has been marketed has come from overseas buyers who are newly discovering Philadelphia as a target for investment.
NEWS
October 28, 2015 | By Jacob Adelman, Inquirer Staff Writer
RJMetrics is adding in excess of a third more space to its offices at Center City's Widener Building, according to PernaFrederick Commercial Real Estate, which represented the software startup in the expansion. The company will now occupy more than 21,500 square feet on the fourth and 15th floors of the 18-story building at One South Penn Square, PernaFrederick said in a release Tuesday. RJMetrics, which specializes in data infrastructure and analytics software, has operated out of the building since early 2014, PernaFrederick said.
NEWS
October 26, 2015 | By Clem Murray, Inquirer Staff Photographer
Inquirer staff photographer Clem Murray, on vacation at a Mexican resort, suddenly found himself and a companion in the path of Hurricane Patricia. Without time to evacuate, they hoped for the best. We left our room a little after 2 p.m. Friday and were escorted about 100 yards to the back of our resort, the Grand Mayan in Nuevo Vallarta, to an immense concrete building that looked like a parking garage, rising five levels. The building indeed housed cars but was also home to numerous departments of the Vidanta Resorts, including the executive offices, accounting, telemarketing and one level for the maintenance department.
BUSINESS
October 26, 2015 | By Jacob Adelman, Inquirer Staff Writer
The only office drone in vXchnge's new space at 1500 Spring Garden is the drone of cooling fans for the high-end computer servers stacked there in black metal cabinets. The company's fresh digs in Philadelphia are the latest part of the former GlaxoSmithKline pharmaceutical-manufacturing plant to be turned into a data center, a digital thoroughfare for the packets of information that computerized devices transmit and receive. Data-center operators such as Florida-based vXchnge are setting up shop in disused factories and warehouses in big cities, close to the customers who use them as doorways to the Internet.
BUSINESS
October 1, 2015 | By Jacob Adelman, Inquirer Staff Writer
The growth of coworking spaces could have a significant effect on economic development in the city by making it easier for businesses to enter the market and grow here, according to a new study. While Center City traditionally has relied on the expansion of existing firms to fill its corporate suites, the development of the shared spaces could increasingly contribute to office-sector growth, as well, according to the study released Tuesday by the Center City District, a business association.
REAL_ESTATE
September 14, 2015 | By Sally Friedman, For The Inquirer
When they were both students at the University of Delaware, Darlene Cohn was a close friend of the roommate of the man who is now her husband. Known for her playful spirit, Darlene would leave notes on Alan Cohn's desk, which both baffled and delighted him. They finally met, had a college romance, and married in 1987, a year after graduation Life seemed reasonably predictable. They lived in the Philadelphia suburbs, including Merion Station, but then things got a bit complicated.
BUSINESS
September 14, 2015 | By Jacob Adelman, Inquirer Staff Writer
PMC Property Group has a novel idea for part of the Center City office building it just bought: Offices. The company's practice of buying up tired old office properties and refurbishing them into sleek, high-end apartments has helped make it one of Philadelphia's biggest residential landlords. It hasn't been working alone: Up to seven million square feet of office space - the equivalent of almost six Comcast Center towers - has left the market over the last 25 years, most of it converted to residential use, according to real estate services firm JLL. But as a flood of proposed rental properties in central Philadelphia coincides with a shrinking supply of office space, PMC is tweaking its formula at a former U.S. headquarters of drugmaker GlaxoSmithKline, which it purchased last month.
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