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The Evolutionary Perspective
Daily Archives: October 27, 2013
Liberty Property adapts, thrives
Posted: October 27, 2013 at 11:42 am
Chris Hepp, Inquirer Staff Writer Posted: Sunday, October 27, 2013, 2:02 AM
Willard G. Rouse III has been gone a decade, but his handiwork - Liberty Property Trust - continues to thrive.
Liberty Property's ongoing success stands as testament to Rouse's forward thinking, but also the mutability of clever corporations, which often must shift and remake themselves to keep ahead.
As Liberty Property is doing now under the leadership of William P. Hankowsky, who served his apprenticeship as president of the Philadelphia Industrial Development Corp. (Full disclosure: Hankowsky is part owner of The Inquirer.)
In a conference call last week to discuss Liberty Property's third quarter (funds from operations available to common shareholders were 57 cents per share, compared with 64 cents a year ago) Hankowsky explained where the company was going and why.
Once known for cutting-edge office parks, such as the Great Valley Corporate Center in Chester County, Liberty Property increasingly sees its future in industrial warehouse space.
"Over the last year or so, we've been thinking very much about Liberty Property's strategy for the next five years," Hankowsky said. "The conclusion is we want to be more industrial and less suburban office."
In fact, Hankowsky said Liberty Property's future was about two-thirds industrial and one-third office.
To that end, the company earlier this month spent $1.47 billion to buy the operating partnership of Cabot Industrial Value Fund III, which brings with it 177 properties and 23 million square feet of industrial space.
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Liberty Property adapts, thrives
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‘Descended into darkness’: Speaker details sometimes ugly history of free speech
Posted: at 11:40 am
History buffs may be surprised to learn that 79 Montanans were convicted of sedition during World War I.
In an unusual act of forgiveness, on May 3, 2006, former Gov. Brian Schweitzer pardoned 78 of the convicted in a cere-mony attended by 50 of their descendants. Gov. Joseph Dixon had already pardoned one other in the 1920s.
It just surprised the heck out of me that people were sent to prison in Montana on free speech issues, said Clem Work, a retired University of Montana journalismprofessor.
Work, the author of Darkest Before Dawn: Sedition and Free Speech in the American West, spoke for 15 history hounds at the Butte-Silver Bow Archives on Wednesday. Montana arrested, convicted and imprisoned more people for violating sedition laws in 1918 and 1919 than any other state, he said.
Work calls sedition the illegal promotion of resistance against the government, usually in speech or writing. But the ultimate definition was up to the government.
It had a tremendous impact across this country and on the state of Montana, said Ellen Crain, director of the Archives. She noted that Schweitzers blanket pardons came after Works book was published in 2005. Its an incredibly important book.
To the surprise of many in the audience, Work told stories of ordinary folks like Janet Smith and her husband, William K. Smith, who were probably targeted by authorities in Custer County because they owned enviable livestock and land, Work said. She was demonized by the county prosecutor.
Smith was the only Montana woman convicted and sent to prison for sedition. She was sentenced to 10 years in prison at Deer Lodge and given a $5,000 fine, and he was sentenced to 20 years and a $20,000 fine. They were forced to forfeit their land to pay the fines.
Varying degrees of dissent clustered in pockets primarily in a few wide-spread counties: Lewis and Clark, Custer County and Fergus County.
Many ordinary citizens were arrested, mostly for speaking out against the United States entry into World War I, which lasted from 1914 to 1918.
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‘Descended into darkness’: Speaker details sometimes ugly history of free speech
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Cosmic Heaven- Taste Of Love (Etasonic Remix) – Video
Posted: at 11:40 am
Cosmic Heaven- Taste Of Love (Etasonic Remix)
Cosmic Heaven- Taste Of Love (Etasonic Remix)
By: PureTranceEuphoria
Posted in Cosmic Heaven
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