Capital-area developer Drew Bobincheck believes 2025 is going to be a good year for real estate investing. And he’s hoping to convince others to join him for the ride. He and three partners have launched a real estate fund called Opes Capital that they are opening to outside investors. They want to raise $30 million and then […]
Costco Wholesale paid $9.4 million for a nearly 23.4-acre site in Silver Spring Township, Cumberland County, where the Seattle-based retailer expects to build and open a store this year, according to county deed records. Expected to span about 161,000 feet, the store at 6717 Carlisle Pike will be the second Costco outlet in the capital area. […]
Following a legal battle with local officials, San Francisco-based developer Prologis is taking the next step in its efforts to build a warehouse in suburban Harrisburg. The company shelled out $24.25 million for two tracts off Linglestown Road in West Hanover Township where it plans to erect the 1.1 million square-foot building, according to county deed records. […]
Business owners are slowly waking up to a new reporting requirement in Pennsylvania. Under the requirement, businesses of nearly every stripe must report annually to the Pennsylvania Department of State their names, addresses and principal officers, among other things. It is separate from the federal reporting requirement enacted under the Corporate Transparency Act — a law […]
Anagerlie Pichardo has been named a senior staff accountant at the Investment Real Estate Group of Companies, a York-based operator of self-storage facilities. Pichardo will support Kyle Eichelberger, the company’s controller, as well as train and develop staff accountants. She also will maintain financial procedures and confirm financial compliance while building cross-functional relationships throughout the […]
Sara Arndt has been promoted to vice president of success and operations at Lancaster-based law firm Saxton & Stump. She had been senior director of success and integration. In her new role, she will continue to support the firm’s growth, including a focus on lateral recruiting. She also will work directly with the CEO and […]
Andrew Tubbs has been named president and CEO of the Energy Association of Pennsylvania, a Harrisburg-based trade group that represents regulated electric and natural gas distribution companies. Effective Jan. 27, he succeeds Terrance Fitzpatrick, who retired after 15 years with the association. Tubbs has more than 20 years of experience in the energy industry, including […]
Four years after taking the helm at Duck Donuts, Betsy Hamm has resigned. Hamm had led the Mechanicsburg-based donut shop franchisor as CEO since it sold a majority stake in April 2021 to NewSpring Capital, a private equity firm based in Radnor. “Duck Donuts appreciates Hamm’s leadership she provided throughout her years with the company,” said a company […]
State attorneys general, including Pennsylvania’s newly installed Dave Sunday, are taking another crack at settling opioid-related claims against bankrupt drugmaker Purdue Pharma and the Sackler family that owns it. In an announcement yesterday, Sunday and other attorneys general said they reached a $7.4 billion settlement in principle with the company and the family. The deal does not […]
A Boston-based developer has withdrawn plans for a small solar array on a vacant tract in Lower Paxton Township, Dauphin County, according to a township spokesperson. Nyes Run LLC, a subsidiary of Boston-based solar developer BlueWave, was pitching a 3-megawatt solar array for a vacant tract south of Devonshire Road and east of Jonestown Road. But the […]
Teresa Swenson was named administrative vice president of musculoskeletal services at Penn State Health effective Dec. 16. Swenson will oversee strategic initiatives for the musculoskeletal service line alongside physician leader Dr. April Armstrong, chair of the orthopedics and rehabilitation department at Penn State Health. Swenson will collaborate with hospitals and medical groups in the regional […]
Fulton Financial is closing 15 branches this spring, including three in York County, in a move described by a Fulton spokesperson as aligning the bank’s services with trends in customer behavior. Like its peers, the Lancaster-based bank is seeing growth in the use of online and digital tools — reducing the need for physical branches […]
In a brief notice yesterday, federal energy regulators denied petitions asking them to reconsider their approval of a preliminary permit for a controversial hydroelectric project in York County. The permit was issued last fall to York Energy Storage, a Reading-based company proposing a $2.3 billion pumped-storage energy facility along the Susquehanna River in Chanceford Township. The permit gives […]
Investors hoping to recover money from Lancaster-based ATM operator Paramount Management Group are facing a new hurdle. In a legal filing this month, a Berks County bank claims it has a stake in some of Paramount’s ATMs, as well as any revenue they may be generating. Customers Bank is asking a Lancaster County judge to stay an earlier […]
Investment Real Estate LLC, an arm of the York-based Investment Real Estate Group of Companies, has acquired three family-owned self-storage sites in Rome, New York — which is near Syracuse. The company plans to operate the new facilities under its Moove In Self Storage brand. Terms of the transaction were not disclosed. The three sites add 659 storage units and 83,380 square feet […]
Regional accounting and advisory firm Boyer & Ritter promoted nine staff members, including two new managers, two new supervisors and five new senior associates. James Farano and Geneka Zechman were promoted to manager. Farano, who joined Boyer & Ritter in 2019, provides accounting and auditing services for government clients. He has an associate degree in […]
Christopher Conner, a former chief judge for the U.S. District Court for the Middle District of Pennsylvania, has joined Saxton & Stump as a shareholder and co-chair of the law firm’s investigation and criminal defense group and its appellate and post-trial advocacy group. He also will help clients as a mediator for Saxton & Stump affiliate Optimal […]
One of the nation’s largest apartment operators has scooped up a development-ready tract in northwestern Lancaster County. An affiliate of Greystar paid nearly $8.7 million for the tract, which is poised to house an 11-building, 280-unit apartment complex, according to county deed records. The seller was 1376 Campus Road Associates LLC, an affiliate of Catalyst Commercial Development, a West […]