October 28, 2013 |
Willard G. Rouse III has been gone a decade, but his handiwork - Liberty Property Trust - continues to thrive. Liberty Property's ongoing success stands as testament to Rouse's forward thinking, but also the mutability of clever corporations, which often must shift and remake themselves to keep ahead. As Liberty Property is doing now under the leadership of William P. Hankowsky, who served his apprenticeship as president of the Philadelphia Industrial Development Corp. (Full disclosure: Hankowsky is part owner of The Inquirer.)
October 11, 2013
TONIGHT'S official opening of Philadelphia's newest showcase certainly represents a milestone for the local theater scene, but you'll have to wait another eight months or so to pop the champagne corks. After 10 years of planning, plotting and fundraising, the FringeArts complex, at Columbus Boulevard and Race Street, debuts with a Fringe Festival favorite, "The Elephant Room," a magic-based piece that runs through Oct. 20. But as monumental as the building's debut is, it is only the first stage of the $7 million project.
July 17, 2013 |
WASHINGTON - The agency that manages 375 million square feet of federal office space is moving back to its newly renovated headquarters in downtown Washington, where its employees are finding that their personal real estate footprint has been radically altered. They now have to work in less than half the space they once had. The long corridors, closed-door offices, and high cubicles that have always defined the culture of the federal workplace have given way to open spaces filled with industrial white desks that most employees must now reserve like hotel rooms.
July 15, 2013 |
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.
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.
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.
June 10, 2013 |
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)
May 10, 2013 |
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.
April 24, 2013 |
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.
April 10, 2013 |
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.