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BUSINESS
October 28, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Liberty Property Trust plans to spend $900 million putting up Comcast 's second tower over the next three years. That works out to about $600 a square foot to build. Last week, the owners of 2.0 University Place, a year-old green-roofed building west of the Drexel campus, put it up for sale at $46 million, or $469 a square foot. That's not quite as much as the Comcast tower - but roughly three times what the city's dominant landlord, Brandywine Realty Trust , was paying for central Philadelphia office towers just a few years back.
BUSINESS
October 28, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
The latest plan for Philadelphia's most expensive grassy field - at 1919 Market St. , the gap in Center City's skyscraper row - is to dig it up and build a 29-story, 321-apartment, $140 million glass-walled tower, owner Brandywine Realty Trust said Monday. There have been other plans for towers on the site, before and since Brandywine bought the lot in 2011. But this time the money is committed, and work is to start immediately, Brandywine says. Its new partner is Berwyn-based LCOR CalSTRS , a successor to the former Linpro Co. , which invests for the giant California State Teachers Retirement System . Brandywine previously planned a little more business and a little less housing at the site with partner Independence Blue Cross , whose headquarters is next door.
BUSINESS
October 27, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
A 2010 federal law bars private money managers who invest state and local pension funds from making political contributions to state and local officials who hire private money managers. But wealthy hedge, buyout, and real estate investment magnates still can and do finance Congress members and national political committees closely tied to state and local politicians while also collecting fat fees from state and local pension funds. Last week, New Jersey and Philadelphia both acted on legislation that attempts to curb these conflicts of interest.
REAL_ESTATE
October 27, 2014 | By Erin Arvedlund, Inquirer Staff Writer
New construction in Center City is booming, particularly projects by builders of $1 million-plus single-family homes. In fact, developers can barely keep up with demand from empty-nesters, émigrés from the suburbs, upwardly mobile families with children, and One Percenters who want to replicate 5,000-square-foot homes in an urban neighborhood. "People want new construction," said Atrium Group architect Shimi Zakin, who with developer Victor Agiv is building seven $1 million-plus homes on the 100 block of Church Street.
SPORTS
October 25, 2014 | By Matt Breen, Inquirer Staff Writer
Looking toward a thin free-agent outfield market and a lack of major-league-ready prospects, the Phillies extended one of their own on Thursday by signing Grady Sizemore to a one-year contract. Sizemore, 32, joined the team in June after he was released by Boston. He missed the 2012 and 2013 seasons after back and knee surgeries. The lefty has undergone seven surgeries in four years. His contract is for $2 million and includes performance bonuses. Sizemore played all three outfield positions and hit .253 in 60 games, including 14 extra-base hits.
BUSINESS
October 24, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
In the weeks before Pennsylvania's gubernatorial election, incumbent Gov. Corbett is scattering millions in taxpayer dollars to big businesses through his Economic Growth Initiative, a downsized version of the Redevelopment Assistance Capital Program (RACP) that enriched developers under Gov. Ed Rendell . Corbett gave $3.5 million Tuesday to help the developer of a new U.S. headquarters for the French-owned building-materials maker Saint-Gobain S.A. renovate a long-vacant office center in East Whiteland Township.
ENTERTAINMENT
October 23, 2014 | BY JENELLE JANCI, Daily News Staff Writer jancij@phillynews.com, 215-568-5906
WHEN OPERA star Kathleen Battle performs in Philadelphia Friday, she won't be singing Handel or Mozart. Instead, her lyric soprano will ring out in spirituals, such as "Swing Low, Sweet Chariot" and "Glory, Glory Hallelujah. " "Many times, what gets commented on is the spirituals only," Battle, 66, said in a recent interview. "Sometimes you want someone to comment on your Schubert, as well. People are drawn to the spiritual. It has a universal appeal. " The Kimmel Center's Verizon Hall will host "Underground Railroad: A Spiritual Journey - An Evening with Kathleen Battle," marking Battle's first performance in Philadelphia since 2003.
NEWS
October 23, 2014
MORGAN BERMAN, founder and CEO of MilkCrate Philly, was wrapping up her pitch yesterday to a panel of big shots at the Forbes Under 30 Summit, a three-day gathering of young game-changers at the Pennsylvania Convention Center. MilkCrate, which has a mobile app to help people live more sustainably in neighborhoods, was one of five finalists selected to make a five-minute pitch - dubbed the "$400,000 Pressure Cooker" - to the panel, which included AOL founder Steve Case, Forbes Media CEO Mike Perlis and former venture capitalist Troy Carter, founder of Atom Factory.
SPORTS
October 23, 2014 | BY RYAN LAWRENCE, Daily News Staff Writer rlawrence@phillynews.com
WITH UNCERTAINTY on the major league staff and no one in the minor league system expected to compete for a starting job this spring, the Phillies re-signed veteran Jerome Williams last night. Williams, who joined the team in August, agreed to a 1-year, $2.5 million deal. The contract also includes performance bonuses. A native of Hawaii, Williams turns 33 in December. He would have been eligible to become a free agent after the World Series. Williams is likely to compete for one of the final slots in the Phillies' starting rotation when he reports to spring training.
NEWS
October 23, 2014 | By Sam Carchidi, Inquirer Staff Writer
Ed Keegan, 75, who pitched briefly with the Phillies and Kansas City Athletics after a spectacular career at Haddonfield High, died Sunday at his daughter's home in Franklinville, N.J., according to Larry Shenk, the Phillies' vice president of alumni relations. The hard-throwing righthander was signed by the Phillies in 1957 after compiling a 26-2 career record and a 0.37 ERA at Haddonfield. Two years later, Mr. Keegan made his major-league debut with the Phillies at age 20. Mr. Keegan, who stood 6-foot-3 and weighed 165 pounds, was 0-3 with a 9.00 ERA in 13 big-league games, highlighted by a strikeout of Hall of Famer Roberto Clemente.
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