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Office Space

NEWS
July 15, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
In gritty urban centers such as Hoboken, Jersey City, and Philadelphia, manufacturing's decline left behind carcasses of abandoned factories in the 1960s and 1970s. In some neighborhoods, those same battered bastions of industry have been reborn as chic lofts for latte-drinking millennials or charmingly reconfigured as offices with open floor plans and coffee bars. These days, there's another type of building carcass worrying urban planners, government officials, and developers.
BUSINESS
July 2, 2013
In the Region Pepper Hamilton renews C.C. lease   Brandywine Realty Trust , the Radnor-based office landlord, said it executed a long-term lease renewal with Pepper Hamilton L.L.P. on the law firm's 268,000 square feet of office space at Two Logan Square in Center City. The existing lease had been set to expire in 2015. Pepper Hamilton is one of Brandywine's three largest tenants. Among its many holdings, Brandywine owns three office buildings comprising 2.3 million square feet in the Logan Square area.
NEWS
June 11, 2013
Seeds of redevelopment planted When Inquirer readers hear of the daunting challenges and hopeful future of efforts to revitalize Norristown, they should know something else: Just because the current county commissioners suggest that the Logan Square redevelopment project fizzled out doesn't mean that it did ("Norristown seeks to get itself boiling again," June 3). In fact, the Logan Square project is an economic success and a big job creator. As the lead tenant at Logan Square, USMaintenence was on its way out of town when the prior board of commissioners committed $25 million and county guarantees to improve the shopping center.
NEWS
June 10, 2013 | By Stephan Salisbury, Inquirer Culture Writer
Renovation work on a new $7 million headquarters for FringeArts, Philadelphia's immensely successful performance and theater festival, has encountered minor construction delays and will not serve as a venue for September's festival, Nick Stuccio, FringeArts president and production director, said Friday. "This is a big project with a lot of moving parts," he said. "We all know how construction projects can go. " FringeArts (until this year known as Live Arts Festival/Philly Fringe)
NEWS
May 10, 2013 | BY VALERIE RUSS, Daily News Staff Writer russv@phillynews.com, 215-854-5987
ROBIN BLOUNT walked up to what used to be a Social Security Administration field office in North Philadelphia this week and was shocked and angry. It was early afternoon, normal business hours, but steel gates covered the glass windows of the office on Cecil B. Moore Avenue near 15th Street. A sign inside the gates read: "The Social Security Administration field office previously operating at this location IS NOW CLOSED. " People were advised to visit the Social Security office in Center City at 15th Street and JFK Boulevard, 2 Penn Center, for service.
NEWS
April 24, 2013 | BY DANA DiFILIPPO, Daily News Staff Writer difilid@phillynews.com, 215-854-5934
THE PAST DECADE in Center City has brought a lot to celebrate: more housing and a bigger residential population; more families with young children; more highly educated workers than any other part of the city; and an arts and cultural scene second only to midtown Manhattan. Yet the number of office jobs has stagnated as the suburbs lure professional workers, according to the State of Center City Philadelphia 2013 report released Monday by the Center City District. "In some sense, the state of Center City has never been better, in terms of vibrancy of workforce, vibrancy of families, tourism here," said Paul Levy, the district's president and chief executive.
BUSINESS
April 10, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
The 660-lawyer Drinker Biddle & Reath L.L.P. corporate law firm is expanding its New York branch and shrinking its Philadelphia headquarters space, but not its workforce here. The firm is doubling its Manhattan space at Silverstein Properties' 1177 Sixth Ave. tower to 31,000 square feet, even as it prepares to downsize its Philadelphia flagship office at Brandywine Property Trust's One Logan Square to 155,000 square feet in 2014. That will be down from 209,000 square feet, and to seven floors from the current 10. Drinker signed a 10-year lease at the New York tower, where listed rents run in the high $70s per square foot.
NEWS
April 9, 2013 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
The 660-lawyer Drinker Biddle & Reath L.L.P. corporate law firm is expanding its New York branch and shrinking its Philadelphia headquarters space, but not its workforce here. The firm is doubling its Manhattan space at Silverstein Properties' 1177 Sixth Ave. tower to 31,000 square feet, even as it prepares to downsize its Philadelphia flagship office at Brandywine Property Trust's One Logan Center to 155,000 square feet in 2014. That will be down from 209,000 square feet, and to seven floors from 10 presently.
NEWS
April 4, 2013 | BY VALERIE RUSS, Daily News Staff Writer russv@phillynews.com, 215-854-5987
CHRISTOPHER Watson said he feels an obligation to write music about the violence and other life stories in his North Philadelphia neighborhood. Recently, a close friend suffered a broken jaw and a broken hand when a group of young men jumped him. "It makes me upset," said Watson, a 17-year-old rapper who uses the stage name "Bless. " "It's just not right. He could have died. . . . I write about stopping the violence. " Watson, a high school senior, is one of several young people set to perform Friday as part of the Uptown Theater's Youth Got Talent showcase.
BUSINESS
February 28, 2013 | By Mike Armstrong, Inquirer Columnist
One of Philadelphia's largest commercial landlords may be facing a battle over control. CommonWealth REIT , the Newton, Mass.-based owner of the 54-story BNY Mellon Center and 24-story One Franklin Plaza, had released its 2012 financial results Monday and disclosed plans to raise $450 million by issuing more shares. On Tuesday, two of the company's largest shareholders blasted that plan in a regulatory filing and urged CommonWealth to change its management structure, buy back stock, and deleverage its balance sheet.
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