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Changing spaces 09.30.24
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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
Inch appeals decision that nixed industrial development
An affiliate of real estate developer Inch & Co. is challenging a decision that reversed the zoning on a parcel of
Court voids PA carbon-emission rules
A state court has tossed aside regulations that would have enrolled Pennsylvania in a multistate carbon-cutting program, regulations that were
Court sides with solar firm in zoning battle
Gratz borough in Dauphin County failed to properly advertise a meeting where it set stricter zoning standards for solar energy
Developer loses appeal over denial of mixed-use project
A Lancaster County developer has lost its bid to overturn a zoning decision blocking a mixed-use development in Manheim Township.
Defamation claim raised in suit over fraud loss
Mid Penn Bank is firing back at claims it did not adequately protect a nonprofit from fraud. How did this start:
Court OKs settlement in data breach
A federal court has approved a settlement in a data-breach lawsuit brought against Fulton Bank. What’s the settlement: It allows victims
October sale sought for beleaguered Harrisburg apartments
The bankrupt owners of an uptown Harrisburg apartment complex want to hire a firm that specializes in real estate liquidation
Lawsuit puts cannabis testing rule on hold
Companies that test, grow and process medical cannabis in Pennsylvania are suing to block a rule they say could cost
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