Arrest In Wilkes-Barre Homicide

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

Wilkes-Barre, PA – Seconds after a preliminary hearing on a robbery charge late Tuesday morning, Luzerne County detectives and city police arrested Lamar Curry-Davis, 19, for the fatal shooting of Eduardo Daniel Madera last month.

Curry-Davis, of Cleveland, Ohio, was in court before District Judge Rick Cronauer on a charge he robbed another man on Park Avenue on Nov. 23. While his attorney was arguing for a bail reduction, authorities advised Cronauer that Curry-Davis was being arrested for the killing of Madera.

Read more: http://www.timesleader.com/news/local-news/1061389/Arrest-in-Wilkes-Barre-homicide

47-Story Hotel/Condo Building Set For South Broad Street

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

The developer Carl E. Dranoff is partnering with Los Angeles-based SBE Entertainment Group to build a 47-story, mixed-use luxury boutique hotel and condominium tower at Broad and Spruce Streets, across from the Kimmel Center, for more than $200 million.

The 422,838-square-foot SLS International, which Dranoff said would be Pennsylvania’s “tallest structure built for residential use,” is being designed by New York-based architecture firm Kohn Pedersen Fox Associates, whose chairman, A. Eugene Kohn, is a Philadelphia native.

The tower will rise 562 feet – 14 feet higher than the City Hall tower. Construction is expected to start next fall and take two years.

Dranoff said approvals for the project were at “the 3-yard line,” with Councilman Mark Squilla set to introduce legislation in City Council to extend the zoning designation CMX-5, which allows a higher building floor area in relation to the lot, past Spruce Street to Pine Street.

Read more at http://www.philly.com/philly/classifieds/real_estate/20131217_47-story_hotel_condo_building_set_for_South_Broad.html#IlL8VeqUSgPMoCJT.99

Comcast Wants To Be Your One And Only Cable Provider

English: Comcast Tower, tallest building in Philadelphia (Photo credit: Wikipedia)

NEW YORK (TheStreet) — America’s largest pay-TV operator wants to be your one and only and it’s willing to absorb the second-largest to do so.

Citing sources, Reuters reports Comcast Corp  is weighing up a potential full takeover bid for Time Warner Cable , an acquisition which would create an industry behemoth.

A full takeover is but one of three potential scenarios in consideration. The Philadelphia-based broadcasting giant is also determining whether to partner with an additional cable company to take over Time Warner or, in a less aggressive move, whether to simply pick and choose certain Time Warner Cable markets.

Time Warner Cable has been the subject of many takeover rumors of late and the latest puts a rumored offer from Charter Communications  in jeopardy. Last week, Bloomberg reported the fourth-largest cable provider was preparing its own bid for Time Warner Cable and was seeking as much as $25 billion in loans to do so. Time Warner Cable is significantly larger than the Stamford, Conn.-based business, with a market share of $37.9 billion dwarfing Charter’s $13 billion.

Read more: http://business-news.thestreet.com/philly/story/comcast-wants-to-be-your-one-and-only-cable-provider/12157503

Groundbreaking Set For Reading Hotel And Convention Center

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

Albert R. Boscov was excitedly making and receiving countless phone calls in his Exeter Township office Monday after getting word that the last of the financing for a downtown hotel and convention center was finally in place.

He immediately began making plans to break ground Friday at 11:30 a.m. in the 700 block of Penn Street across from the Santander Arena.

“It’s been a long wait but we got it,” Boscov said.

The renowned retailer has been working on the block-long, four-star hotel, which will cost at least $56 million, since 2007.

Read more: http://readingeagle.com/article/20131217/NEWS/312169896/1052#.UrDeuPRDsxI