Adam Maust poured millions of dollars over the last four years into the Atlas Building, an edifice in Uptown Harrisburg that had fallen into disrepair by the time Maust bought it in 2020.He is now passing the torch to a new owner, a Harrisburg-based nonprofit called the Pennsylvania Social Equity Land Trust, which paid $14.5 million […]
Ryan McCrory has been named executive director of the Dauphin County Library System.McCrory earned a master’s degree in library science from Clarion University and has over 25 years of library experience.
The founders of Inch & Co. are looking to raise $20 million from investors interested in backing the York-area company’s forays in multifamily housing.For the last 15 years, the company has leaned on its own resources, buttressed by capital from friends and family, said Jeff Inch, a co-founder and co-owner of Inch & Co.“Now it’s time […]
In January 2019, Roxanna Gapstur became president and CEO of WellSpan Health, one of the largest employers in Central Pennsylvania.In little over a year after her first day on the job, she was guiding the health system through one of its most visible challenges, the Covid-19 pandemic.The pandemic has subsided. But WellSpan and other health […]
Natalie Pelaez has been named design and digital content specialist at accounting and professional services firm Boyer & Ritter. She will support execution of the firm’s strategic marketing initiatives and communications efforts.Pelaez graduated from Towson University with a degree in electronic media and film, with concentrations in film, video and digital media. She previously produced […]
Lancaster County-based Bank of Bird-in-Hand is seeking shareholder and regulatory approval to form a holding company, a common step for banks as they grow. The holding company would be called GELT Bancorp Inc., incorporating the Amish word for money. The bank also uses the word for its mobile branches, called Gelt buses.Existing bank shareholders would become shareholders in […]
Lemoyne-based insurance and benefits agency Gunn-Mowery is expanding its footprint in York CountyThe firm has acquired Central Penn Benefits, an insurance and benefits agency in West Manchester Township, York County.Terms of the transaction, which closed May 1, were not disclosed. But Central Penn Benefits will continue to operate under its own name and from its existing office as […]
Shippensburg Marketplace Owner LLC purchased 59,865 square feet of retail space at 397 Baltimore Road, Shippensburg, from ARG SMSHPPA001 LLC. Abe Khan, Brad Rohrbaugh and Chad Stine of Bennett Williams Commercial represented the seller.Salunga Properties LLC purchased 43,956 square feet of industrial space at 99 Elmwood Ave., Landisville, Lancaster County, from Elmwood Properties LP. Joshua […]
LinkBancorp is selling its newly acquired operations in South Jersey for an after-tax gain of about $10.5 million, according to LinkBancorp CEO Andrew Samuel. The buyer is Philadelphia-based American Heritage Federal Credit Union, which has more than 310,000 members and assets of more than $4.8 billion.Expected to close in the second quarter of this year, the […]
A new twist is complicating the bankruptcy case of Uptown Partners LP, the Maryland-based owner of Governor’s Square apartment complex in Uptown Harrisburg. The company managing the affordable-housing complex, Landex Management LLC, is asking the court to void its contract with Uptown Partners, arguing that the owner is not providing enough resources to manage the beleaguered property effectively.Uptown, […]
The Pennsylvania Supreme Court decided this week not to accept an appeal from Gratz Borough over a lower-court ruling that favored a company seeking to develop a solar farm in the northern Dauphin County municipality.The appeal followed a Commonwealth Court ruling last fall that the borough failed to properly advertise a meeting where it set stricter zoning standards for […]
Catherine Eisel has been named chief risk officer of LinkBancorp and its banking subsidiary LinkBank. Eisel had been deputy chief risk officer for the Camp Hill-based company.Before joining LinkBank, Eisel worked at the Federal Deposit Insurance Corp. The resident of Arlington, Virginia, earned a bachelor’s degree in economics and business from Cornell College in Mount […]
Harrisburg University of Science and Technology failed to make a monthly loan payment on May 1 in default of its loan agreement, according to a disclosure last week to its bondholders.Under the agreement, monthly payments to the bond trustee roll up into semiannual payments on interest and principal on the university’s bonds.Those semiannual payments are still being […]
Helen Badman has joined accounting and advisory firm Brown Plus as an employee specialist. She brings over 20 years of experience in HR and recruitment. A graduate of Penn State University, Badman works at the Brown Plus office in Camp Hill.Makaloba “Mak” Barandao has been hired as an audit senior associate, specializing in accounting and auditing services. […]
A buyer with a growing portfolio of Pennsylvania shopping centers has added another one.A partnership led by Leo Ullman of New York-based retail developer Vastgood Properties paid $6.63 million at the end of April for Shippensburg Marketplace, according to Brad Rohrbaugh, executive vice president and retail director for York-based Bennett Williams Commercial.Rohrbaugh and Bennett Williams […]
Kyle Burlage has been named a senior investment analyst for the York-based Investment Real Estate Group of Companies, which operates the Moove In Self Storage chain of self-storage facilities.Burlage will be responsible for analyzing past performance and modeling future potenial acquisitions. He will report to the company’s CFO, Jack Fritsche.
The state’s top court has agreed to hear a case that turns on whether employers must pay for CBD oil and other over-the-counter products under Pennsylvania’s workers’ compensation program.The Pennsylvania Supreme Court will consider several questions, including whether workers’ comp law requires employers and their insurers to reimburse injured workers who buy CBD oil and other […]
Dan Belk has been named market president for Berks County and surrounding areas for Truist Financial, the Charlotte, North Carolina-based bank. Belk was previously a senior vice president, relationship manager for Pittsburgh-based PNC. He succeeds Dave Roland, who is retiring after nearly four decades in financial services.Belk earned a bachelor’s degree in finance from Bloomsburg University and […]
Central PA’s Source for Business News Online.