Wednesday, August 21, 2013
CBRE's Sulentic on Real Estate, Hudson Yards (Video)
Companies want to locate where the talent wants to be!
www.omegare.com
Curtiss-Wright Corporation To Relocate To Bethlehem, PA
Curtiss-Wright Corporation will invest more than $7 million to relocate a flow control facility from New Jersey to Bethlehem, Pennsylvania, adding 95 jobs in Northampton County.
Curtiss-Wright, a global engineering and manufacturing company, will move its Engineered Pump Division from its existing location in Phillipsburg, New Jersey to the City of Bethlehem, where it will construct a 179,000 square-foot facility. The project is expected to generate a capital investment in excess of $7 million for infrastructure, equipment and employee training costs. The company is projected to create 95 jobs and retain another 766 positions throughout the state.
“We are thrilled to be relocating our operations to the Lehigh Valley and look forward to supplying our mission-critical products and services from our new, modern manufacturing, testing, warehousing and office facility,” Todd Schurra, General Manager, EPD said. “It was a pleasure working with all of the members of the Governor’s Action Team who were instrumental in getting this project completed.”
“Putting Pennsylvanians back to work continues to be a priority of my administration – our unemployment rate remains below the national average and businesses are moving here to grow and succeed,” Gov Tom Corbett said. “Curtiss-Wright’s move to the Lehigh Valley will add 95 jobs to the more than 760 they employ throughout Pennsylvania.”
As an incentive, the company received a funding offer from the Department of Community and Economic Development including a $200,000 Pennsylvania First Program grant and a $42,750 Guaranteed Free Training grant which will be used to train its new workforce. A $2,375,000 loan from the Machinery and Equipment Loan Fund was also included.
The project was coordinated by the Governor’s Action Team in collaboration with the Northampton County Industrial Development Authority and the Lehigh Valley Economic Development Corporation.
“Curtiss-Wright has a distinguished legacy in the aerospace industry and is one of the nation’s top manufacturers of pumping, propulsion, valve and control systems,” Don Cunningham, president and CEO of the Lehigh Valley Economic Development Corp. said. “Curtiss-Wright is exactly the type of company we want to attract to the Lehigh Valley and we welcome the addition of an additional 95 full-time jobs at a good salary into the Lehigh Valley economy.”
“Curtiss-Wright's move to Northampton County is a strong indication of the quality of our community as a desirable place for companies, particularly manufacturers, to do business,” Bud Hackett, Chairman of the Northampton County Industrial Development Authority said. “Anytime we can attract a multi-national company that commits to bringing nearly 100 high-tech manufacturing jobs to Northampton County, we’ll do it.”
www.omegare.com
Curtiss-Wright, a global engineering and manufacturing company, will move its Engineered Pump Division from its existing location in Phillipsburg, New Jersey to the City of Bethlehem, where it will construct a 179,000 square-foot facility. The project is expected to generate a capital investment in excess of $7 million for infrastructure, equipment and employee training costs. The company is projected to create 95 jobs and retain another 766 positions throughout the state.
“We are thrilled to be relocating our operations to the Lehigh Valley and look forward to supplying our mission-critical products and services from our new, modern manufacturing, testing, warehousing and office facility,” Todd Schurra, General Manager, EPD said. “It was a pleasure working with all of the members of the Governor’s Action Team who were instrumental in getting this project completed.”
“Putting Pennsylvanians back to work continues to be a priority of my administration – our unemployment rate remains below the national average and businesses are moving here to grow and succeed,” Gov Tom Corbett said. “Curtiss-Wright’s move to the Lehigh Valley will add 95 jobs to the more than 760 they employ throughout Pennsylvania.”
As an incentive, the company received a funding offer from the Department of Community and Economic Development including a $200,000 Pennsylvania First Program grant and a $42,750 Guaranteed Free Training grant which will be used to train its new workforce. A $2,375,000 loan from the Machinery and Equipment Loan Fund was also included.
The project was coordinated by the Governor’s Action Team in collaboration with the Northampton County Industrial Development Authority and the Lehigh Valley Economic Development Corporation.
“Curtiss-Wright has a distinguished legacy in the aerospace industry and is one of the nation’s top manufacturers of pumping, propulsion, valve and control systems,” Don Cunningham, president and CEO of the Lehigh Valley Economic Development Corp. said. “Curtiss-Wright is exactly the type of company we want to attract to the Lehigh Valley and we welcome the addition of an additional 95 full-time jobs at a good salary into the Lehigh Valley economy.”
“Curtiss-Wright's move to Northampton County is a strong indication of the quality of our community as a desirable place for companies, particularly manufacturers, to do business,” Bud Hackett, Chairman of the Northampton County Industrial Development Authority said. “Anytime we can attract a multi-national company that commits to bringing nearly 100 high-tech manufacturing jobs to Northampton County, we’ll do it.”
www.omegare.com
Tuesday, August 20, 2013
Main Line is abloom with apartments
by Joseph N. DiStefano
Who's going to live in all those new Main Line apartments? Hospital workers, college students - and Philadelphia residents who want to enroll their children in Lower Merion public schools, says Steven Rock, senior vice president at New York-based Marcus & Millichap Capital Corp. Rock has arranged $23.5 million in financing for Cross Properties (that's David Blumenfeld and Kevin Michals) to build 132 apartments, plus medical offices, at the former Baptist seminary on Lancaster Avenue near Lankenau Hospital. That's one of several apartment projects picking up planning, zoning, and financing approvals in Lower Merion. MORE COVERAGE In Philly, 1,000 new apartments coming soon Schuylkill tower draws neighbors' ire There are also Merloc Partners' plan to build 250 apartments near the Wynnewood SEPTA station; Carl Dranoff's Ardmore Place (121 units); Nolen Properties' Righters Ferry Road project (284 units); and, on the Schuylkill, the former Connelly Container Corp. and Pencoyd Iron Works (580 units), by developer Brian O'Neill. Some other projects are still under wraps. Apartments would also fit at St. Charles Borromeo Seminary, east of Lancaster Avenue, says Robert Duncan, township director of planning and building. Overall, "the banks are ready, and they're all coming together," he told me. Supporters hope these apartments will deliver more shoppers to Ardmore, and more workers for aging offices owned by landlords like redeveloper William Glazer's Keystone Property Group.
Full story: http://tinyurl.com/k8nmcc7
www.omegare.com
Who's going to live in all those new Main Line apartments? Hospital workers, college students - and Philadelphia residents who want to enroll their children in Lower Merion public schools, says Steven Rock, senior vice president at New York-based Marcus & Millichap Capital Corp. Rock has arranged $23.5 million in financing for Cross Properties (that's David Blumenfeld and Kevin Michals) to build 132 apartments, plus medical offices, at the former Baptist seminary on Lancaster Avenue near Lankenau Hospital. That's one of several apartment projects picking up planning, zoning, and financing approvals in Lower Merion. MORE COVERAGE In Philly, 1,000 new apartments coming soon Schuylkill tower draws neighbors' ire There are also Merloc Partners' plan to build 250 apartments near the Wynnewood SEPTA station; Carl Dranoff's Ardmore Place (121 units); Nolen Properties' Righters Ferry Road project (284 units); and, on the Schuylkill, the former Connelly Container Corp. and Pencoyd Iron Works (580 units), by developer Brian O'Neill. Some other projects are still under wraps. Apartments would also fit at St. Charles Borromeo Seminary, east of Lancaster Avenue, says Robert Duncan, township director of planning and building. Overall, "the banks are ready, and they're all coming together," he told me. Supporters hope these apartments will deliver more shoppers to Ardmore, and more workers for aging offices owned by landlords like redeveloper William Glazer's Keystone Property Group.
Full story: http://tinyurl.com/k8nmcc7
www.omegare.com
Monday, August 19, 2013
CBS Radio Moving From Burbs to Philly
by Peter Van Allen, Reporter- Philadelphia Business Journal
CBS Radio’s planned move of radio stations from the suburbs will mean a gain of 100 employees in the city of Philadelphia, an executive for the stations said Wednesday.
It’s part of a plan to consolidate CBS’s three area sites into two.
Under the plan, WPHT and WOGL will move from 2 Bala Plaza in Bala Cynwyd, Pa., to 400 Market St. by late spring of next year. WIP, which has AM and FM signals, will remain at 400 Market St.
KYW NewsRadio will move its studios from 400 Market St. to 1555 Hamilton St., joining CBS 3. That move will take place by mid-January — and reunites two news properties that until 2006 had been in the same building, on what is now the site of the National Museum of American Jewish History.
In recent years, on-air personalities on CBS3 have increasingly been featured on radio and vice versa. The move will hasten that process, Marc Rayfield, market manager for CBS Radio, said.
“From a synergy standpoint, being in the same building, things can happen. Right now, [managers] know one another, but the producers and reporters may not know one another,” Rayfield said. “It only makes sense.”
In all, CBS Radio will have 300 full-time employees and about 150 part-timers in the city of Philadelphia. CBS 3 has an additional 200 people.
As reported in today’s Daily News, some employees in the Bala office were not happy about the move since it would entail paying Philadelphia city-wage tax and additional parking or transportation costs.
Rayfield said some employees will receive an adjustment in compensation and/or provisions for parking.
Full story: http://tinyurl.com/lhlbq62
Sunday, August 18, 2013
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