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Changing Spaces 05.10.24

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. […]

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Camp Hill bank to shed NJ branches

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, […]

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Bankrupty of Harrisburg apartment owner takes new turn

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 […]

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High court rejects borough’s appeal over solar project

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 […]

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LinkBancorp

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 […]

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Amid improving finances, college misses bond payment

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 […]

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Brown Plus

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 […]

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Shippensburg-area plaza sells for $6.6M

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 […]

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Investment Real Estate Group of Companies

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.

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PA’s top court to weigh coverage of CBD oil in workers’ comp

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 […]

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Truist

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 […]

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Manufacturer plans $45M innovation center in Carlisle

Building products manufacturer Carlisle Companies is planning a $45 million expansion of its research and innovation hub in Carlisle. The project will entail construction of a 42,000 square-foot building alongside the company’s existing R&D center, which is at 1557 Ritner Highway, according to Carlisle Companies spokesperson Mehul Patel. The site is near the headquarters and […]

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Feds settle with staffing firm over Covid-era data

An Atlanta-based IT staffing company has settled federal claims that it failed to protect confidential health information after Pennsylvania officials hired the company to oversee contact tracing during the Covid-19 pandemic. The company, Insight Global LLC, has agreed to pay $2.7 million to resolve allegations that its handling of data violated the federal False Claims Act, […]

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Changing spaces 05.03.24

On April 30, York-based Rutter’s opened its 87th location and second of 2024. The convenience store at 100 Cramer Road in Shippensburg is over 10,250 square feet. Lama Food LLC has leased 5,940 square feet at 1239 Roosevelt Ave. in York, a property owned by Dean’s List Realty LLC. The space will be the second location for the York-based restaurant, Chef […]

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Armstrong World buys specialty manufacturer

Armstrong World Industries, paid $95 million in April to acquire 3form LLC, a manufacturer of architectural resins, glasses and other materials based in Salt Lake City, Utah. Products from 3form, such as acoustic wall tiles, translucent glass and textured wall coverings, are expected to complement existing products from Armstrong World’s architectural specialties division, which accounts for […]

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Universal Media Inc.

Kyle Cook has been named president and chief strategy officer of Mechanicsburg-based Universial Media Inc. and its Universial Sports & Entertainment division. Cook worked most recently as executive vice president of media strategy for Universal, which he joined in 2011 as a sales coordinator. Cook earned a bachelor’s degree from York College of Pennsylvania, a […]

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Nashville twin in works for Rock Lititz

Rock Lititz, the live-entertainment campus in Lancaster County, is erecting a twin in Nashville, the longtime capital of country music and home to the Grand Ole Opry. Rock Lititz announced May 1 that it broke ground last month on Rock Nashville, a 40-acre campus that will feature 514,000 square feet of rehearsal space for touring musicians, […]

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Deal for Lanco tiny-homes startup changes shape

The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack. Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger. The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018. But […]

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Changing Spaces 05.10.24

Camp Hill bank to shed NJ branches

Bankrupty of Harrisburg apartment owner takes new turn

High court rejects borough’s appeal over solar project

LinkBancorp

Amid improving finances, college misses bond payment

Brown Plus

Shippensburg-area plaza sells for $6.6M

Investment Real Estate Group of Companies

PA’s top court to weigh coverage of CBD oil in workers’ comp

Truist

Manufacturer plans $45M innovation center in Carlisle

Feds settle with staffing firm over Covid-era data

Changing spaces 05.03.24

Armstrong World buys specialty manufacturer

Universal Media Inc.

Nashville twin in works for Rock Lititz

Deal for Lanco tiny-homes startup changes shape

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