Commerce Square
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Commerce Square
Commerce Square is a Class-A, high-rise office building complex in Center City Pennsylvania. Commerce Square consists of One and Two Commerce Square, two identical 41-story office towers high that surround a paved courtyard of . Architecturally, the granite-clad towers feature setbacks on the north and south sides of the building and are topped with a pair of stone diamonds with cutout squares in the center. The towers were built as part an office-building boom Philadelphia was experiencing on West Market Street in the late 1980s. Designed by IM Pei & Partners (now called Pei Cobb Freed & Partners), the towers were developed in a joint venture between Maguire Thomas Partners and IBM. IBM also leased more than half of One Commerce Square for the company's Mid-Atlantic headquarters. Construction of the first phase, which included One Commerce Square, the plaza, and retail space, began in 1985 and was completed in 1987. The project's second phase, Two Commerce Square, did not b ...
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Market Street (Philadelphia)
Market Street, originally known as High Street, is a major east–west street in Philadelphia. The street is signed as Pennsylvania Route 3 between 38th Street (U.S. Route 13) and 15th Street ( PA 611). A short portion of the road continues west from Cobbs Creek Parkway (63rd Street) to Delaware County, adjacent to Philadelphia. ‘High Street’ was the familiar name of the principal street in nearly every English town at the time Philadelphia was founded. But if Philadelphia was indebted to England for the name of High Street, nearly every American town is, in turn, indebted to Philadelphia for its Market Street. Long before the city was laid out or settled, Philadelphia's founder, William Penn, had planned that markets would be held regularly on the wide High Street. The city's first market stalls were situated in the center of the thoroughfare starting at Front Street and proceeding west eventually to 8th Street. The stalls soon became covered and were not taken down as pla ...
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The Bellevue-Stratford Hotel
The Bellevue-Stratford Hotel is a landmark building at 200 S. Broad Street at the corner of Walnut Street in Center City Philadelphia, Pennsylvania. Constructed in 1904 and expanded to its present size in 1912, it has continued as a well-known institution for more than a century and is still widely known by that original, historic name. In 1988, the building was converted to a mixed-use development. It has been known since then as The Bellevue. The hotel portion is currently managed by Hyatt as The Bellevue Hotel. History George Boldt Born Georg Karl Boldt in Prussia in 1851, he immigrated to the United States as a teenager in 1864. Beginning as a kitchen worker, at age 25 was hired by William Kehrer, steward of The Philadelphia Club, as his assistant steward at the time of the 1876 Centennial Exposition at Philadelphia. Soon after, he married his employer's daughter, Philadelphia-born Louise Kehrer. Prominent members of the Philadelphia Club assisted the couple in setting up th ...
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Ernst & Young
Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers (PwC), it is considered one of the Big Four accounting firms. It primarily provides assurance (which includes financial audit), tax, consulting and advisory services to its clients. Like many of the larger accounting firms in recent years, EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting. EY operates as a network of member firms which are structured as separate legal entities in a partnership, which has 312,250 employees in over 700 offices in more than 150 countries around the world. The firm's current partnership was formed in 1989 by a merger of two accounting firms; Ernst & Whinney and Arthur Young & Co. It was named Ernst & Young until ...
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The Philadelphia Inquirer
''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pennsylvania, South Jersey, Delaware, and the northern Eastern Shore of Maryland, and the 17th largest in the United States as of 2017. Founded on June 1, 1829 as ''The Pennsylvania Inquirer'', the newspaper is the third longest continuously operating daily newspaper in the nation. It has won 20 Pulitzer Prizes . ''The Inquirer'' first became a major newspaper during the American Civil War. The paper's circulation dropped after the Civil War's conclusion but then rose again by the end of the 19th century. Originally supportive of the Democratic Party, ''The Inquirers political orientation eventually shifted toward the Whig Party and then the Republican Party before officially becoming politically independent in the middle of the 20th cen ...
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Laurie Olin
Laurie Olin (born 1938, Marshfield, Wisconsin) is an American landscape architect. He has worked on landscape design projects at diverse scales, from private residential gardens to public parks and corporate/museum campus plans. Early life Olin grew up in Alaska, and earned his degree in Architecture from the University of Washington in Seattle, where he was mentored under Richard Haag. Career After graduating he worked for offices in Seattle, New York City, and London. In 1976 he became a professor for the University of Pennsylvania, where he offered courses on the design of environments. In 1986 he became head chair of the landscape architecture program at Harvard University. After serving as chair at Harvard, Olin returned to University of Pennsylvania where he continues to be Practice Professor of Landscape Architecture. Founding OLIN Olin is the founding partner of the landscape architecture and urban design firm OLIN, formerly Olin Partnership. The firm received the Coop ...
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Pennsylvania Route 3
Pennsylvania Route 3 (PA 3) is a state highway located in the southeastern portion of Pennsylvania. The route runs from U.S. Route 322 Business (US 322 Bus.) in West Chester east to PA 611 in Philadelphia. The route begins in downtown West Chester and heads east out of the borough as a one-way pair of streets. Between West Chester and Upper Darby, PA 3 follows a four-lane divided highway named West Chester Pike through suburban areas. Along this stretch, the route passes through Edgmont, Newtown Square, Broomall, and Havertown. The route has an interchange with Interstate 476 (I-476) between Broomall and Havertown. Upon reaching Upper Darby, PA 3 heads into Philadelphia along Market Street. In Philadelphia, the route follows multiple one-way pairs, running along Chestnut Street eastbound and Walnut Street westbound in West Philadelphia before heading into Center City Philadelphia along Market Street eastbound and John F. Kennedy Boulevard westbound and ending at Philadelph ...
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Philadelphia Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering and ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Mitsubishi UFJ Trust And Banking Corporation
is the trust banking arm of the Mitsubishi UFJ Financial Group, a Japanese financial services group which is the largest in the world measured by assets. The bank is headquartered in Tokyo, Japan. The merger of Mitsubishi Tokyo Financial Group and UFJ Holdings on October 1, 2005 was followed by the merger of their respective trust banking subsidiaries, The Mitsubishi Trust and Banking Corporation and UFJ Trust Bank, creating Mitsubishi UFJ Trust and Banking Corporation. The bank has over 1.5 trillion USD trust assets and is one of the major institutional investors in global markets. History The Mitsubishi Trust and Banking Corporation was a Japanese trust bank and a subsidiary of the Mitsubishi Tokyo Financial Group. On October 1, 2005, the company merged with UFJ Trust Bank to form Mitsubishi UFJ Trust and Banking Corporation. Scholarship The Mitsubishi UFJ Trust and Banking Corporation Scholarship Foundation was established in 1953. Since then, it has provided over 5 ...
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Bank Of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered ...
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Mortgage Law
A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. ''Hypothec'' is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien. A mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. The word is a Law French term meaning "dead pledge," originally only referring to the Welsh mortgage (''see below''), but in the later Middle Ages was applied to all gages and reinterpreted by folk etymology to mean that the pledge ends (dies) either when the obligation is f ...
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Corporate Headquarters
Corporate headquarters is the part of a corporate structure that deals with important tasks such as strategic planning, corporate communications, taxes, law, books of record, marketing, finance, human resources, and information technology. Corporate headquarters takes responsibility for the overall success of the corporation and ensures corporate governance. It is sometimes referred to as the head office, which is the location where the executives of a business work and where many of the key business decisions are made. Generally, corporate headquarters acts as a core when the business is operating. The corporate headquarters includes: the CEO (chief executive officer) as a key person and their support staff such as the CEO office and other CEO related functions; the "corporate policy making" functions: Include all corporate functions necessary to steer the firm by defining and establishing corporate policies; the corporate services: Activities that combine or consolidate certain ...
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