“[Upcoming lease expirations] combined with the recent sales convinced the city that they should settle at the values that you see. The fact the city agreed to these numbers shows that they’re looking at the reality today.”
Larry Arem was quoted in the Philadelphia Business Journal article “Assessed Value of 1500 Spring Garden St. Cut in Half as City Looks ‘at the Reality’ on Appeal,” on September 2, 2024.
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