Philadelphia-area developers have purchased the former Rite Aid headquarters in Cumberland County and plan to redevelop the site.Affiliates of Jenkintown-based Goodman Properties and Malvern-based E. Kahn Development paid $4.735 million for
New York-based Citibank should be held liable for any losses suffered by a Harrisburg-based nonprofit that claims it was the victim of fraud, according to a legal filing by Mid Penn Bank. The nonprofit, the Center for Independent Living of Central PA, sued Mid Penn over the loss in February. Fraudsters allegedly managed to access two of the nonprofit’s accounts at Mid […]
The for-profit insurance subsidiary of the Pennsylvania Chamber of Business and Industry is setting off on an expected growth spurt.Pennsylvania Chamber Insurance said yesterday it has closed on a deal to buy a book of business from Gar Thomas, owner of Hazleton-based insurance and benefits brokerage Washko and Thomas Agency LLC. The agency provided group health benefits to small and […]
The ground may be cold but battles over land use in Central Pennsylvania are heating up.Residents and developers are clashing on several fronts across the region.Not surprisingly, proposed warehouses are among the sharpest points of contention.Large-scale solar projects have triggered outcries, as well.But disputes also have arisen over housing, most notably in Lancaster city, where a […]
Advanced technology is sowing the seeds, often literally, for the future of farming. Automated and AI-powered tools can plant seeds, assess crop health and pick the finished product from the field — or greenhouse.But technology alone won’t save farmers. They also need to rethink and reinvent their business models.This edition of the YCEA podcast, produced […]
Companies that test, grow and process medical cannabis in Pennsylvania are suing to block a rule they say could cost them millions of dollars and ultimately raise prices for patients.The rule, which had been slated to take effect this week, alters the requirements for testing cannabis before and after it is processed into medication But […]
Fraudsters drained nearly $250,000 from bank accounts of the Center for Independent Living of Central PA, and the Harrisburg-based nonprofit wants its bank, Mid Penn Bank, to refund the money, according to a lawsuit filed last week in Dauphin County court.The Harrisburg-based bank allegedly failed to enforce “commercially reasonable” security controls on the accounts and thus it […]
In a case that could have far-reaching implications for corporate taxpayers, the state’s highest court has awarded a $2.1 million tax refund to a Pennsylvania-based arm of Johnson & Johnson.Reached last week, the decision hinged on what sounds like a simple question: Whether the company owed taxes in Pennsylvania based on services produced in this state […]
Camp Hill-based LinkBancorp has struck a deal that will extend its footprint into Delaware, Maryland, New Jersey and Virginia.The bank said yesterday it has agreed to a “merger of equals” with Partners Bancorp, a Salisbury, Maryland-based bank with a long history in the Delmarva region. The all-stock deal is valued at $167.8 million, according to a press release. […]
The Harrisburg federal building has changed hands after all.Global Ocean Investments, which bought the 11-story building about a year ago for $10.01 million, has sold it for $13.13 million, according to Dauphin County deed records.The buyer is 1422 Route 179 Florida Realty LLC., whose leader affirmed plans to convert the office tower at 228 Walnut St. into apartments.“It’s […]
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