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BUSINESS
January 10, 2016 | By Jacob Adelman, STAFF WRITER
An affiliate of Maguire Hayden Real Estate Co. has paid $98.4 million for the 300 Four Falls office building in West Conshohocken, according to Cozen O'Connor, which represented the buyer in the deal. Maguire Hayden closed Friday on the seven-story, 298,482-square-foot property, Cozen O'Connor said in a release. The property is the biggest Class A office buiding in the West Conshohocken market, it said. The building was sold by a consortium of investors whose interests in the property were managed by National Asset Services of Los Angeles, Cozen O'Connor said.
ENTERTAINMENT
January 9, 2016 | By Tirdad Derakhshani, Inquirer Staff Writer
'Star Wars' No. 1 in history Look, I warned you this would happen, but you went to the movie anyway. Star Wars: The Force Awakens has become the highest-grossing movie in North America since the Declaration of Independence. On Wednesday, the pic, which stars Daisy Ridley, John Boyega , Harrison Ford , Carrie Fisher, and Adam Driver , surpassed Avatar 's $760.5 mil lifetime gross, and did it in a mere 20 days (now, that's really using the force). EntBiz bits HBO prez Michael Lombardo tells John Horn , host of NPR's The Frame , that the second season of True Detective failed because he rushed writer-creator Nic Pizzolatto . The author, he said, needs time to gestate ideas naturally.
ENTERTAINMENT
January 7, 2016
Last week and total box office in millions. Weeks    Per    Rank/Title/Studio Last Week   Total    Out   Location    1. Star Wars (Disney) $90.2   $742.2   3   $21,829    2. Daddy's Home (Paramount) 29.2   93.9   2   8,739    3. Hateful Eight (Weinstein) 15.7   29.0   2   6,349    4. Sisters (Universal) 12.8   62.9   3   4,285    5. Alvin and Chipmunks (Fox) 12.1   67.6   3   3,475    6. Joy (Fox)
ENTERTAINMENT
January 5, 2016 | Howard Gensler, Staff Writer
At the box office, 2016 began the same way 2015 ended. "Star Wars: The Force Awakens" walloped the competition to finish at the top of the charts for the third weekend in a row, with an additional $88.3 million, according to studio estimates yesterday. In addition to setting a new high mark in New Year's box office history, the record-busting film blew past the domestic grosses of both "Jurassic World" ($652.3 million) and "Titanic" ($658.7 million) to become the second-highest earner of all time with $740.3 million in just 19 days of release.
NEWS
January 3, 2016
Robert O. Blake, 94, a career Foreign Service officer and former U.S. ambassador to Mali who participated in Cold War diplomacy, died Monday at his home in Washington. He had metastatic prostate cancer, said his daughter, Lucy Blake. Mr. Blake began his Foreign Service career in 1947, with his first overseas assignment in Nicaragua. Trained in Russian, and with expertise in Soviet affairs, he was posted to Moscow in the early 1950s. He served in Tokyo, Washington, and Tunisia, among other places.
NEWS
December 30, 2015 | By Kristen A. Graham, Staff Writer
Joseph A. Hasara Jr., 64, of Lower Gwynedd, a retired Philadelphia police officer, died of cancer Saturday, Dec. 26, at home. Born in Hazleton, Pa., Mr. Hasara was reared in the Juniata Park section of Philadelphia and graduated from Northeast Catholic High School for Boys. He served in the Air Force during the Vietnam War era - he was stationed in Thailand and at bases in the United States - and rose to the rank of sergeant. After leaving the military, Mr. Hasara joined the Philadelphia police force, where he spent five years as a patrol officer and 15 years as a detective.
BUSINESS
December 29, 2015
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Ace Ltd. Sean Ringsted , officer, sold 6,800 shares at $114.88 to $114.94 on Dec. 18, and now directly holds 135,613 shares. Sean Ringsted , officer, exercised an option for 6,800 shares at $56.40 on Dec. 18, and the holdings were not reported.
BUSINESS
December 25, 2015 | By Jacob Adelman, Staff Writer
A South Korean fund is buying the former postal building near 30th Street Station that houses the IRS's local offices, as the Asian country's investors increasingly tap U.S. real estate for stable returns. The fund, managed by Seoul-based Korea Investment Management Co., is under contract to buy the 862,700-square-foot building now known as Cira Square from Brandywine Realty Trust for $354 million, Brandywine CEO Jerry Sweeney said Wednesday. It's the latest acquisition by South Korean fund managers drawn to U.S. office buildings occupied by government or investment-grade tenants with plenty of time left on their leases, said Lucy Fletcher, a managing director at real estate services firm JLL. Such assets appeal to Korean managers, who generally target a steady return of about 6 percent to satisfy the pension and insurance funds they serve back home, said Fletcher, who directs JLL's international capital group in Chicago.
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