November 19, 2015 |
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.
October 28, 2015 |
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.
October 26, 2015 |
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.
October 26, 2015 |
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.
October 1, 2015 |
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.
September 14, 2015 |
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.
September 14, 2015 |
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.
September 5, 2015 |
Center City's unionized office cleaners, maintenance workers, and other building-service staffers say they want to share in the benefits of an improving commercial real estate sector as they begin negotiations on a new labor contract. Members need to earn more to support their families and cannot afford the bigger payments for medical insurance sought by employers, Daisy Cruz, mid-Atlantic district leader for SEIU 32BJ, the local of the Service Employees International Union, told at least 100 workers at a rally on Thursday ahead of the talks.
August 29, 2015 |
For years, Conshohocken has owned not one, but two valuable properties that sat mostly vacant, even as it rented office space for its staff. This month, the borough is rectifying that problem, with one of the buildings opening as a new borough hall and police station, and the other undergoing a market analysis to see if it might be turned into a bed and breakfast or event venue, or put to some other use. The progress was years in the making and...
August 26, 2015 |
WHEN GALAEI decided to move from Center City to North Philadelphia in April, the queer Latino social-justice organization was eager to be part of the community. Ideally, their new neighbors would feel comfortable dropping by the home on 149 W. Susquehanna Ave. for a chat and a tour of the old house with tons of character. In the process, they'd get to know the staff, and learn more about the services the 26-year-old nonprofit organization offers the LGBT community. No appointment.