November 11, 2012
IN THE REGION Incoming Lockheed CEO resigns Lockheed Martin Corp. said its incoming chief executive, Christopher E. Kubasik, 51, resigned over an ethical violation involving a personal relationship with a subordinate and was leaving immediately. He had been scheduled to become CEO on Jan. 1. Marillyn A. Hewson, 58, executive vice president for electronic systems, will instead become chief executive on that date. The company said Kubasik's actions did not affect "operational or financial performance.
September 11, 2012 |
ViroPharma Inc. will lease an additional 71,000 square feet of office space in Exton, nearly doubling its current space in Chester County. The specialty-biopharmaceutical firm, with 188 employees, will create 151 new jobs within three years, Gov. Tom Corbett said Monday. ViroPharma received $583,000 from the Pennsylvania Department of Community and Economic Development that included a $130,000 grant and $453,000 in job-creation tax credits. "For us it is about growth," said president and CEO Vincent J. Milano.
August 31, 2012 |
ANUJ GUPTA liked the restaurants, shops and other attractions on Germantown Avenue in Mount Airy so much that he and his wife insisted on buying a house within walking distance. And that was before Gupta, executive director of Mt. Airy USA, got involved with the community development corporation. "I just love this area," Gupta said Thursday. Gupta joined Mayor Nutter, Deputy Mayor Alan Greenberger and others to announce that four new mixed-used redevelopment projects are planned on Germantown Avenue between Horter Street and Pelham Road.
August 23, 2012 |
A LONG-BREWING battle between City Councilwoman Jannie Blackwell and a Mantua community group is headed to federal court. The Mantua Community Planners Inc. filed a federal lawsuit Tuesday against Blackwell and the city claiming $420,000 in lost property after they were shut out of a second-floor office inside a recreation center last year - and decades of records were tossed without notice. In the suit, the group alleges Blackwell is trying to silence them while backing the Mantua Community Improvement Committee as the leader among Mantua organizations.
August 22, 2012 |
The law firm Cozen O'Connor grew up in the Philadelphia Stock Exchange building at 1900 Market St., where its lawyers have slowly replaced over the last 31 years the bright-jacketed options traders who used to dominate both the basement trading floor (now owned by Nasdaq) and the upstairs office suites. Last month, the firm, which has grown to 173 "shareholder" partners, 376 additional lawyers, and 620 support staff, announced it will move to rebuilt space at One Liberty Place when its lease expires in three years.
August 15, 2012 |
THE OWNERS of the historic Uptown Theater in North Philadelphia are inching ever closer toward their fundraising goal for restoring the landmark building and just got a shot in the arm from a $30,000 preservation grant. The Uptown Entertainment and Development Corp. is expected to announce the grant at a noon news conference Wednesday in front of the 83-year-old theater on Broad Street near Dauphin. The $30,000 grant from the 1772 Foundation, a national nonprofit that aids historical preservation, will go toward the the Uptown 5 Million campaign to raise $5 million to complete renovation plans for the building, including its auditorium.
July 19, 2012 |
It was one of those stunning twists of irony at the Philadelphia Unemployment Compensation Service Center on Monday afternoon, when the center's 75 state employees were called into a room and told that, effective Aug. 15, they'd be out of work. As the state often does when there are mass layoffs, it sent a team of experts to help the about-to-be jobless learn how to apply for unemployment benefits. Except that everyone in the room already knew — after all, it's their job to answer the phones and to process claims.
July 7, 2012
It's easy to imagine Philadelphia's business district accommodating another tower the size of Comcast. After all, the region's entire transit system funnels downtown, making the city's core accessible to thousands of commuters. Now, try to visualize the same amount of office space — 1.2 million square feet — in the neighborhood tucked below the South Street Bridge, a tight enclave of rowhouses and corner pubs once known as the Devil's Pocket. Assuming America's health-care industry keeps growing at its current rapid clip, the area around the Pocket could soon see a development with even more square footage than the Comcast Center.
July 2, 2012 |
What a great day it was at Dmg Ctrl Ltd., a tech company in Old City. Cofounder Jason Allum pulled the tap on a new mini-kegerator, a little dorm-size fridge perfectly designed to hold one keg of beer that had been installed that afternoon. Mostly foam, sadly. "We have to work on that," Allum said, a frothy plastic cup of Yards IPA in hand to toast a 5 p.m. finish to Monday's workday. Housed on an upper floor of a former factory on North Third Street, Dmg Ctrl Ltd., with its seven employees, is one of 21 tech companies in the neighborhood, enough to constitute a cluster in Old City.