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Changing spaces 09.13.24
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People
Statewide venture fund makes first investments
Four months after taking the field, a statewide venture fund is taking its first shots. The so-called GO PA Fund
Edtech startup hires revenue chief
TEAMology, an education technology startup based in Chambersburg, has hired Gretchen Thompson as its first-ever chief revenue officer, where she
Growing Lititz firm adds minority investor
The Benecon Group, has sold a minority stake to the private equity arm of New York-based investment giant Neuberger Berman. The
Doceo leader talks succession, expansion
When John Lewis interviews younger job applicants these days, he fields questions he did not typically hear a decade ago.
Deal could take Lanco tiny-home firms public
A tiny-home startup in Lancaster County is poised for the big time. A publicly traded shell company has agreed to
Realty startup focuses on second-chance renters
Chris Dreisbach believes in second chances. He has made the most of his after succumbing to substance-use disorder and landing
PA STARTUP TAPS INTO THE POWER OF HOME INSPECTIONS
Home inspectors gather reams of information as they poke around houses that are about to change hands. In some cases,
New PA venture fund in the works
Two regional venture capital firms are joining forces to raise a new investment fund that will funnel early-stage capital to
VC firms land government funding
State officials are directing federal funds toward venture capital firms they hope can jumpstart early-stage tech companies in Pennsylvania. What
Hotel company Hersha poised to go private
A publicly traded hotel company founded in Harrisburg is going private in a deal valued at roughly $1.4 billion. The
Legal
Court backs heftier fines for defrauding consumers
In a case that drew national attention, Pennsylvania’s highest court backed a married couple seeking a bigger award after winning
Regulators tweak penalties over PPL billing issues
Following a flurry of comments from customers and consumer advocates, state utility regulators altered the penalties imposed on electric utility PPL
Feds target hiring practices at Sheetz
The U.S. Equal Employment Opportunity Commission is suing Sheetz, arguing that the company’s use of criminal background checks in hiring is
PA health systems sue insurer over value-based contract
A network of healthcare providers in western Pennsylvania is suing Aetna over what the providers allege is unfair treatment under the terms
Law firm, lobbying firm team up in capital
A Harrisburg lobbying firm has formed a business affiliation with a Philadelphia-area law firm. The background: Founded in 1971, Lamb
Insurers sue local contractors over recycling-plant fire
On March 8, 2022, a fire ripped through a Penn Waste recycling facility in Manchester Township, York County, knocking it
Another delay in sale of Harrisburg apartments
It could be another four weeks before a bankruptcy court decides the fate of the beleaguered Governor’s Square apartment complex
House panel OKs bills on wage, workplace discrimination
A state House panel has passed bills on party-line votes that would strengthen protections against workplace discrimination. One bill would
Real Estate
Harrisburg-area mall sold for $8.8M
A Massachusetts-based developer is acquiring the Colonial Park Mall, an aging retail complex that local officials hope to see rejuvenated.
Agency in deal to buy former Carlisle factory
A Cumberland County agency has taken another step toward the purchase of a Carlisle factory that shut down last year.
Regional real estate player buys Shippensburg firm
Regional real estate firm Berkshire Hathaway HomeServices Homesale Realty has scooped up Sailhamer Realty, an eight-person firm in Shippensburg. Terms of
Harrisburg seeks dismissal of apartment owner’s bankruptcy case
The city of Harrisburg is asking a federal court to dismiss the bankruptcy case of Uptown Partners LP, the Maryland-based owner
Middletown-area warehouse sells for $170.5M
In one of the largest commercial deals in the region this year, a real estate investment trust paid $170.5 million
Former Harrisburg law office headed for residential conversion
A New York City investor has acquired a former law office on North Front Street in Harrisburg and plans to
Financing is among ‘biggest challenges’ for Lancaster rehab
Business owner Jared Mizrahi is planning a $5 million makeover of a mixed-use property in downtown Lancaster. He just needs
York-area Sheetz site changes hands
The site of a future Sheetz store in York County sold at the end of July for a price of just over
Discount retailer buys former Big Lots leases
Ollie’s Bargain Outlet Holdings is scooping up leases for seven former locations of its bankrupt rival, Big Lots. The stores include
Credit union to move Harrisburg branch to West Shore
PSECU is seeking permission to relocate its branch in Strawberry Square in downtown Harrisburg to a former FNB branch at 1249 Market St.
Harrisburg-area mall sold for $8.8M
A Massachusetts-based developer is acquiring the Colonial Park Mall, an aging retail complex that local officials hope to see rejuvenated.
Agency in deal to buy former Carlisle factory
A Cumberland County agency has taken another step toward the purchase of a Carlisle factory that shut down last year.
Regional real estate player buys Shippensburg firm
Regional real estate firm Berkshire Hathaway HomeServices Homesale Realty has scooped up Sailhamer Realty, an eight-person firm in Shippensburg. Terms of
Harrisburg seeks dismissal of apartment owner’s bankruptcy case
The city of Harrisburg is asking a federal court to dismiss the bankruptcy case of Uptown Partners LP, the Maryland-based owner