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Banking & Finance

WHAT’S AHEAD FOR CAMP HILL BANK

Thanks to a single deal, Linkbancorp went this year from doing business in one state to doing business in five. That deal was the bank’s merger this fall with Maryland-based Partners Bancorp. The all-stock deal closed at the end of November, followed by a bankwide conversion to the Linkbank brand over the first weekend in December, according to Andrew Samuel, […]

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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. The firms are Allegheny County-based BTVC Fund I LLP, which is receiving $1.5 million, and Atlanta-based Metallum Ventures LP, which is getting $2.25 million. The funding, announced yesterday, comes from the State Small Business Credit Initiative, a federal program that […]

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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. In a legal filing this month, the Harrisburg-based bank alleges that the Center for Independent Living of Central Pennsylvania harmed the bank’s reputation in a press release issued in February announcing a lawsuit against the bank. In the press release, the center claimed […]

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Alleged bank fraud hits local, national targets

State authorities on Friday disclosed what they say was a widespread bank-fraud operation in Central Pennsylvania that drained nearly $2 million from the accounts of victims. Two men have been arrested in connection with the fraud but a criminal complaint lists nine other people. More charges are expected, according to the Pennsylvania attorney general’s office, […]

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Brokerage buys capital-area advisory firm

A Harrisburg-area financial advisory has joined the wave of consolidation washing over the industry. Comprehensive Financial Associates, based in Susquehanna Township, has been acquired by insurance and benefits brokerage AssuredPartners, according to a press release from Wise Rhino Group, the M&A firm that advised Comprehensive Financial. Terms of the transaction were not disclosed. But it also includes […]

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Lancaster advisory firm sold 

Amid a wave of consolidation in the financial planning sector, Lancaster-based Domani Wealth has been purchased by a larger firm based in Illinois. The acquisition is the fourth this year for the firm, Savant Wealth Management, which is based in Rockford, west of Chicago. Terms of the deal were not disclosed but Domani will keep its existing leadership, […]

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Mid Penn filing blames Citi for nonprofit’s loss

New York-based Citibank should be held liable for any losses suffered by a Harrisburg-based nonprofit that claims it was the victim of fraud, according to a legal filing by Mid Penn Bank.  The nonprofit, the Center for Independent Living of Central PA, sued Mid Penn over the loss in February. Fraudsters allegedly managed to access two of the nonprofit’s accounts at […]

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Nonprofit sues bank after alleged account fraud

Fraudsters drained nearly $250,000 from bank accounts of the Center for Independent Living of Central PA, and the Harrisburg-based nonprofit wants its bank, Mid Penn Bank, to refund the money, according to a lawsuit filed last week in Dauphin County court. The Harrisburg-based bank allegedly failed to enforce “commercially reasonable” security controls on the accounts and thus […]

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PA Court OKs tax refund over location issue

In a case that could have far-reaching implications for corporate taxpayers, the state’s highest court has awarded a $2.1 million tax refund to a Pennsylvania-based arm of Johnson & Johnson. Reached last week, the decision hinged on what sounds like a simple question: Whether the company owed taxes in Pennsylvania based on services produced in this […]

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Camp Hill bank to merge with Delmarva peer

Camp Hill-based LinkBancorp has struck a deal that will extend its footprint into Delaware, Maryland, New Jersey and Virginia. The bank said yesterday it has agreed to a “merger of equals” with Partners Bancorp, a Salisbury, Maryland-based bank with a long history in the Delmarva region. The all-stock deal is valued at $167.8 million, according to a press […]

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PennSpring scoops up STEM camp operator

A Lancaster-based private equity firm is taking a third shot at the youth-enrichment market, a space where it has found success in the past. PennSpring Capital has acquired Emagination Tech Camps, which has been rebranded as Emagination STEM Camps, according to Lou Castelli, PennSpring’s managing partner. The previous owner was a private investor who bought the company during […]

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Suit aims to stop Centric merger

A shareholder of Centric Financial is seeking to block the Harrisburg-area bank’s planned merger into a western Pennsylvania bank. In a class-action lawsuit filed this month in Cumberland County court, shareholder Charles Reinhardt claims the $144 million deal undervalues Centric, which is based in Lower Paxton Township, Dauphin County. The lawsuit also takes aim at other terms of […]

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Banks seek more time, info on Welkowitz deal

Local banks are telling a Lancaster County court that they need more time and information to assess a deal that would settle debts from the estate of the late developer Richard Welkowitz. The estate has proposed selling off its stake in ventures that own more than 5,000 ATMs for $13.8 million to a Lancaster-based private equity firm, Heller […]

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Lancaster wealth advisory merges with Maryland firm

Tim Decker initially turned to Greenspring Advisors as part of the succession planning for staff and clients of his Lancaster-based wealth management firm, ISI Financial Group.  Greenspring, a larger firm based in Towson, Maryland, would take over if something happened to him, Decker said.But he decided not to wait, in part due to the challenges of hiring in today’s […]

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Facing insolvency, Welkowitz estate floats deal to settle debts

The estate of late Lancaster County developer Richard Welkowitz is hoping to make a deal to settle its debts, according to a filing in Lancaster County court. The proposed deal would funnel money to the estate’s secured and unsecured creditors and it would allow the estate to avoid a potential tax hit, according to the […]

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Former PeoplesBank exec tapped to lead Lancaster credit union

Everence Federal Credit Union, a Lancaster-based credit union, has named Kristen Heisey as its new president and CEO effective June 27. Heisey worked most recently as a senior vice president overseeing marketing, communications, data analytics, client experience and product innovation at York-based PeoplesBank, which she joined in 2018. She worked before that in leadership roles […]

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Construction

Court ruling could expand contractors’ liability

Contractors typically face some liability for issues that arise after they finish their work for a property owner. A Supreme Court ruling this week potentially expands that liability. In a split opinion, justices ruled that a contractor could be held liable for allegedly defective work even if the property owner knew there was a problem. Under […]

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Land-use fights flare across Central PA

The ground may be cold but battles over land use in Central Pennsylvania are heating up. Residents and developers are clashing on several fronts across the region. Not surprisingly, proposed warehouses are among the sharpest points of contention. Large-scale solar projects have triggered outcries, as well. But disputes also have arisen over housing, most notably in […]

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Flagger Force sells stake to investment firm

With spending on bridges and highways expected to ramp up, a Florida-based investment firm has bought into Flagger Force, a Hummelstown-based company whose crews can be found directing traffic around work sites. Blue Sea Capital said yesterday it had invested in Flagger Force as part of a strategic partnership to support the company’s growth. Terms of the deal […]

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Two Kinsley brothers die in avalanche during ski trip

York County has lost two of its most prominent business and philanthropic leaders. Brothers Jonathan and Timothy Kinsley died Monday while on a skiing trip in British Columbia. Jonathan, 59, was an executive with York-based Kinsley Enterprises, which oversees the Kinsley family’s business assets, including Kinsley Construction. Timothy, 57, was president of Kinsley Properties, a real estate development […]

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Low-interest loan bolsters Lancaster apartment project

Construction on $15 million affordable-housing project in Lancaster city is pulling closer to the starting bell. The developer, a Lancaster-based real estate investment fund called OZFund Inc., has landed a low-interest $1.8 million loan to help cover the costs of stormwater remediation and a “green roof” for the project, which is slated for 800 S. Queen St. […]

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Longtime CEO to retire from regional engineering firm

Robert Grubic is retiring as CEO of the engineering firm that has borne his name for just over four decades. As of the end of this year, the next CEO of Harrisburg-based Herbert Rowland & Grubic will be Jason Fralick, who has been its president since 2019.Grubic plans to remain chairman of the board at the employee-owned company.“HRG […]

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Camp Hill firm forges ahead with $29M project

A mixed-use development is taking shape along Route 15 in Upper Allen Township, Cumberland County. Camp Hill developer Linlo Properties began site work in May for the project, dubbed The Mills at Shepherdstown Crossing.Once completed, it will bring 54 apartments, retail space, a Burger King and a Chick-fil-A to the intersection of Gettysburg Pike and South Market Street, which offers access to […]

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Court rejects expanded view of prevailing-wage law

A state court has reversed a decision that could have added millions of dollars in costs to construction projects financed with bonds issued by municipal authorities. The ruling last week by Commonwealth Court revolved around interpretations of the state’s prevailing-wage law, which sets a minimum wage for workers on projects funded by public money.The case arose […]

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Regional construction firm changes hands

When Seth Hughes first stepped onto a construction site as a teenager, he didn’t think about owning a construction company someday. But as his career advanced, it started to emerge as a goal, Hughes said.The goal is now a reality. Hughes has purchased Mechanicsburg-based Mowery Construction from its previous owner, David Cross. The pair began laying the groundwork […]

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Deal adds IT talent for West Shore Home

Home remodeler West Shore Home has long described itself as a technology-enabled company. The Mechanicsburg-based firm now owns a technology company.West Shore Home said yesterday it has purchased Design Center Inc., a firm based in St. Paul, Minnesota.Terms of the deal were not disclosed but it adds 23 employees to West Shore Home, which has been expanding nationally […]

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West Shore construction firm on the move

RLS Construction Group LLC is investing nearly $1.5 million to buy and remodel the former Hampden Township municipal building at 230 S. Sporting Hill Road. The new location in Cumberland County will allow the company to consolidate operations that are currently at two locations, said Bob Schopfer, owner, president and CEO of RLS Construction.The company […]

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Brewery on tap for mixed-use project

Burkentine Builders is gearing up to finish a mixed-use project that will bring another brewery to southern York County. The Hanover-based builder held a topping-off ceremony April 25 for the roughly $5 million project, which is bringing two buildings totaling 10,000 square feet of commercial space and 20 apartments to the borough of New Freedom.Construction […]

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Regional projects land $50M-plus in state funds

State officials on Friday unveiled more than $50 million in grants earmarked for projects around Central Pennsylvania, including a life sciences incubator in Lancaster, a hotel renovation on the West Shore and a park along the Codorus Creek in York. Other beneficiaries include Rock Lititz and the partnership developing a mixed-use apartment building near the […]

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York taps new developer for vacant industrial tract

A new developer is getting a crack at bringing life to a former industrial tract in York. At a meeting last week, the Redevelopment Authority of the City of York awarded a six-month option on a 4.4-acre site in the Northwest Triangle to Statewide Partners, a regional firm with offices in Harrisburg and York. Preliminary sketches from Statewide show […]

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New venture aims to streamline project subcontracting

Shortages of labor and materials are giving companies headaches. Michael Bistline is hoping to bring some targeted relief through a new venture launched this month by his Harrisburg-area business, Phillips Workplace Interiors. The venture is called Condivx and it aims to serve as a one-stop shop for general contractors looking for subcontractors at a time […]

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Economy

entrepreneurship

Food

Scranton college leasing space for Franklin County training center

Lackawanna College is planning to open a satellite center in the Chambersburg area offering associate degrees in welding and fabrication skills. Pending approval from the U.S. Department of Education, the private college in Scranton hopes to open the center as early as the spring 2026 semester. The satellite center will be in Greene Township at […]

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WellSpan Health

Andrew Cochrane has been named president of WellSpan Chambersburg Hospital effective Oct. 6. He succeeds John Massimilla, who retired over the summer as leader of the 274-bed hospital in Franklin County. Cochrane worked most recently as head of an independent leadership consulting firm in the Minneapolis-St. Paul area in Minnesota. Before that, he held leadership […]

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Eco-services firm in Lititz sold

LandStudies, a Lititz-based firm specializing in watershed planning, stream restoration and other ecological landscaping services, has been acquired. The buyer is Wetland Studies and Solutions Inc., which operates under the umbrella of Kent, Ohio-based The Davey Tree Expert Co. Davey Tree provides a range of landscaping and tree care services to residential, commercial and utility customers. […]

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Former Heller offices sold to wealth advisory

A partnership affiliated with Daryl Heller, the business owner charged with defrauding investors in an ATM network, has unloaded office space in downtown Lancaster. In a court-approved transaction, Premier Prince Street LLC sold just over 16,000 square feet of office space at 415 N. Prince St. for $2.8 million, according to York-based ROCK Commercial Real Estate. ROCK agent Patten […]

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Investment Real Estate Group of Companies

Michelle Morin has been named an accounts payable specialist at Investment Real Estate Group of Companies, a York-based operator of self-storage facilities. She will manage accounts payable processes, vendor payments and financial recordkeeping while supporting daily operations across the organization. Morin brings more than 20 years of experience in accounts payable, vendor relations, expense processing, […]

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LNP Media Group

Digby Solomon has been named interim publisher of LNP Media Group, which publishes LNP LancasterOnline. Solomon is filling a role that has been vacant since the media outlet’s former owner, Lancaster-based Steinman Communications, donated it to WITF in 2023. WITF and LNP are now both owned by Pennon, a parent nonprofit established in 2024 and based in Swatara Township, Dauphin […]

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New chief to run paper company in turnaround mode

A Spring Grove paper maker is tapping a new CEO as it works to turn around its finances. Pixelle Specialty Solutions has named Julie Schertell as its CEO. She succeeds Ross Bushnell, who led the company for two years but is leaving for undisclosed opportunities. He is staying on through September as an adviser to Pixelle’s board. The […]

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Operations of troubled apartment complex handed to receiver

An independent receiver is now overseeing the beleaguered Governor’s Square apartments in Uptown Harrisburg. Under a court order finalized in late August by a Dauphin County judge, Midtown Asset Consulting LLC is taking over daily operations of the 222-unit affordable apartment complex, whose owner filed for bankruptcy more than two years ago. Midtown Asset’s first step is […]

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WellSpan Health

Dr. David Gasperack has been named senior vice president of primary care and population health for WellSpan Health. He was previously a vice president, regional chief medical officer and chief medical officer for primary care. In addition to overseeing primary care for the regional health system, Gasperack will lead development, planning and execution for WellSpan’s value-based […]

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Senior living campus buys neighboring tract

The Cross Keys Village The Brethren Home Community, a senior living campus in Oxford Township, Adams County, paid $5 million to buy a roughly 35-acre parcel next to its 334-acre campus, according to county deed records. The tract was previously owned by Frock Brothers Trucking Inc., which closed after being hit with federal charges for violating […]

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Lawsuit targets credit union over data breach at vendor

A local lawsuit related to a data breach at insurance and employee benefits brokerage Alera Group has prompted a local lawsuit. The lawsuit is not targeting Illinois-based Alera, however. It was filed last month against Members 1st Federal Credit Union, based in Hampden Township, Cumberland County.  Filed in Cumberland County by a Members 1st employee, the lawsuit […]

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Capital-area company consolidating Florida operations

A Harrisburg-based manufacturer of windows and doors is closing two plants in Florida but opening another one as it looks to focus on its best-selling products. MITER Brands is shutting down Miami-area plants in Hialeah and Medley that employ about 440 people, according to a company spokesperson. It is relocating production of high-demand products to other […]

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Shopping plaza changes hands

Trone Family Trust paid $3.6 million last month for Stillmeadow Plaza, a 24,000-square-foot shopping center in Manchester Township, York County, according to York-based ROCK Commercial Real Estate, which described the transaction as an investment sale.  ROCK agent Ben Bode represented the seller, Ryan Run Properties LP. Mike Rohm of Camp Hill-based Landmark Commercial Realty represented the buyer.

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Plans sought for Penn State York after campus closes

Leaders in York County are kicking off a seven-month process that they hope ends with a master plan for reusing the Penn State York campus, which is scheduled to close in less than two years. This week, the York County Economic Alliance issued a request for proposals from consultants interested in assessing the campus and crafting the […]

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Government

Zoners turn down housing plan for former country club

Efforts to redevelop the former Red Lion Country Club in York County have taken a second hit. At a meeting on Feb. 27, zoning officials in York Township voted 3-2 to deny a developer’s request for a special exception to allow age-restricted housing under the property’s current zoning, which is for commercial office. “I don’t […]

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Rules on licensing for ex-convicts near finish line

State regulators have tweaked regulations that modify the professional licensing process for people with criminal backgrounds, following stiff pushback from critics of the original proposal. The rules implement a 2020 state law making it easier for people with criminal convictions to become accountants, barbers, nurses and real estate agents, among the many other professions that require a […]

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State winnows applicants for new site-prep funding

State officials have narrowed the list of projects they are considering for a new funding program designed to prep industrial sites for development. The program, announced last fall by the Shapiro administration, drew more than 100 applicants seeking a total of more than $236 million. Officials are now focusing on a short list of 32 […]

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Guv pitches new strategy for PA economy

Gov. Josh Shapiro laid out a vision for jumpstarting economic development in Pennsylvania during an address yesterday at OraSure Technologies, a medical diagnostics company in Bethlehem The 52-page strategy includes a mix of new funding, a focus on key industries and a series of other steps designed to make Pennsylvania more competitive in retaining and attracting workers and […]

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DEP eyes $500M program to slash industrial emissions

Pennsylvania’s environmental agency is hoping to snag up to half a billion dollars in federal funding to start a grant program focused on cutting carbon emissions from cement kilns, steel manufacturers and other industrial operations. If funded, the program would be called Reducing Industrial Sector Emissions in Pennsylvania, or RISE PA, according to the Department […]

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PA TAX-APPEAL PROCESS TARGETED FOR REFORM

Lawmakers are floating legislation they argue could lead to better results for Pennsylvania residents and businesses that challenge their state tax bills. The legislation would allow taxpayers in certain situations to file appeals past a statutory deadline. And in an effort to settle disputes more quickly, the legislation would create a new, independent mediation process. […]

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Pew survey rekindles debate over state-backed IRA

A new survey claims to show that three-quarters of Pennsylvania’s small-business owners support the creation of a state-backed retirement plan that would automatically enroll workers — the kind of plan that was approved earlier this year in the state House. Nearly a quarter, or 26%, “strongly support” the idea, according to the survey, conducted by The Pew Charitable […]

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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 systems even as a company was seeking permission to build a 17-megawatt project there. That was the ruling last week from a three-judge panel of Pennsylvania’s Commonwealth Court, which upheld a 2022 decision by Dauphin […]

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Shapiro order aims to boost small-biz contracting

Under an executive order signed yesterday by Gov. Josh Shapiro, the state plans to marshal government and private-sector resources to help small, diverse businesses win a bigger share of state spending. The order builds on efforts by Shapiro’s predecessor, former Gov. Tom Wolf, to diversify the ranks of state contractors. The efforts have made progress but […]

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Court ruling could prompt millions in corporate tax refunds

Thanks to a recent court ruling, the commonwealth of Pennsylvania could be on the hook for more than $100 million in tax refunds to businesses. The ruling came in a case that arose over provisions outlining how companies can use past losses to lower their tax bills. Some corporate taxpayers have claimed, successfully, that provisions […]

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Report: PA lags on innovation, entrepreneurship

Pennsylvania has many of the ingredients for an economy powered by innovation and entrepreneurship, according to a report released today by Brookings Institution, a prominent think tank in Washington, D.C. However, the state has struggled to bake them into a dynamic, high-growth economy, putting large swaths of Pennsylvania at risk of stagnation, said the report, which offers […]

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Online retailers win sales-tax fight

A state court has sided with online retailers who say they are being unfairly targeted by Pennsylvania tax collectors. In a ruling Friday, Commonwealth Court blocked efforts by the Pennsylvania Department of Revenue to collect state sales and personal income taxes from the retailers, which sell their products through Amazon.At issue are back taxes the state […]

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Health Care

Harrisburg law firms merge: ‘No other opportunities like this’

Ben Ried and John B. Zonarich entertained merger proposals from other law firms. But none seemed as right as the union they unveiled yesterday between their respective Harrisburg firms, Mette Evans & Woodside and SkarlatosZonarich LLC. “There were other opportunities,” Zonarich said in an interview with biznewsPA. “But there were no other opportunities like this.” […]

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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 a lawsuit against an insurer they accused of engaging in fraud and negligence when it sold them a life insurance policy. In 2020, an Allegheny County jury found the insurer, Ameriprise Financial, liable for $120,570 […]

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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 Electric Utilities over billing issues that led to overcharges for some customers, among other problems. In a 3-2 vote on April 25, the Pennsylvania Public Utility Commission approved a settlement agreement requiring PPL to provide more […]

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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 discriminatory. The agency noted that Sheetz was not motivated by race in making hiring decisions. However, the agency claims that the convenience-store chain’s hiring practices disproportionately screened out job applicants who are Black, Native American, […]

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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 of a value-based contract. The contract took effect in 2023 and is supposed to reward the network, Bridges Health Partners, for reducing the cost of care while improving the health of people enrolled in Aetna’s Medicare […]

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Law firm, lobbying firm team up in capital

A Harrisburg lobbying firm has formed a business affiliation with a Philadelphia-area law firm. Under the arrangement, lobbying shop The DT Firm and law firm Lamb McErlane will refer clients to each other, said Joel Frank, chairman and managing partner of Lamb McErlane. While many law firms have created in-house lobbying divisions over the last few years, Lamb McErlane […]

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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 out of commission.  Now, three Penn Waste insurers are suing local contractors involved in building the facility and installing its sprinkler system. The insurers, which include Connecticut-based XL Insurance, are seeking to recover $26 million in damages from […]

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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 lower the threshold for state anti-discrimination enforcement to businesses with as few as two employees, down from the current threshold of four. Another bill would tweak provisions covering gender-based wage discrimination. It would, for example, […]

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Manheim seeks dismissal of Lancaster stormwater suit

Manheim Township is firing back against a lawsuit aiming to hold it responsible for problems with the sewer system in neighboring Lancaster city. The lawsuit, filed in January by Lancaster city in Lancaster County court, argues that Manheim officials have not done enough to control stormwater from entering the city sewer system. The system serves homes […]

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Power-line developer notches victory as legal fight plows ahead

The legal fight continues over high-voltage power lines that would run through southern York and Franklin counties. The chief issue is whether state utility regulators overstepped constitutional bounds when they blocked the interstate project in May 2021. Proposed in 2017 by Ohio-based Transource, the $372 million Independence Energy Connection would ease congestion for power flowing from Pennsylvania to Maryland by […]

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Court OKs lawsuit over solar hookups

A state court has handed a preliminary legal victory to a business owner in a fight over the cost of connecting solar projects to the electric distribution system. The Pennsylvania Public Utility Commission had objected to the business owner’s lawsuit on procedural grounds.  But in a ruling last week, Commonwealth Court overruled the objections, allowing the […]

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Court extends time for bankruptcy sale of Harrisburg apartments

A court hearing on the bankruptcy sale of Governor’s Square apartment complex in uptown Harrisburg had been scheduled for Feb. 29. However, it has been moved to April 2 per an order from Chief Bankruptcy Judge Henry Van Eck of the U.S. Bankruptcy Court for the Middle District of Pennsylvania. Why is this happening: The […]

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AG: “Sham” internet provider targeted rural York

A locally based company allegedly broke state law by reselling internet service in what the state attorney general described in a lawsuit as a “sham business.” The company, Davis Communications Internet Inc., subscribed to business internet plans, then advertised itself as an internet provider in its own right, specifically targeting consumers in rural York County, where […]

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High court rules in dispute over PA wage law

Pennsylvania’s top court has backed a lower court’s decision in a closely watched case involving application of the state’s prevailing wage law. The case hinged on conflicting views of the law, which sets a minimum wage for workers on publicly funded projects.  What’s the issue: Whether prevailing wages should be paid on a private-sector project […]

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Feds object to bankruptcy sale of Harrisburg apartments

Federal housing officials are objecting to the proposed sale of Governor’s Square, a beleaguered Harrisburg apartment complex whose owner declared bankruptcy last year In a court filing this week, the U.S. Department of Housing and Urban Development argues there are not enough guarantees that the potential deal will preserve the complex’s status as affordable housing. […]

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Court OK sought for NJ firm to buy Harrisburg apartments

The bankrupt owner of an apartment complex in uptown Harrisburg is seeking court approval to sell the property to a New Jersey firm. ANCDI Properties is offering to pay just over $9.6 million for Governor’s Square, beating out two competing bids, according to a filing in U.S. Bankruptcy Court for the Middle District of Pennsylvania. “My […]

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State court backs developer in warehouse spat

A state appeals court has sided with a local developer aiming to build a warehouse complex in Swatara Township, Dauphin County. The decision is the latest in a long-running battle over whether warehouses should be allowed on tracts along Route 322 east of Harrisburg, near Penhar Drive. State court shot down a previous developer’s efforts in […]

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York, Harrisburg firms on the move

The new year is poised to bring new digs to two local companies. Reynolds Restoration Services bought a flex property in suburban Harrisburg for its new headquarters. York County-based construction firm Wagman also has purchased a building for a new HQ, a property in Manchester Township, York County. Both companies said they are outgrowing their current spaces. Starting with: […]

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Highs donate real estate biz to family foundation

The High family is presenting a second major gift to their family foundation. The family’s ownership of Lancaster County-based High Real Estate Group is being transferred to High Foundation, the foundation announced on Dec. 20. The year-end gift follows the donation last year of High Industries, which was valued at nearly $115.2 million. The value of the real estate company was not disclosed but […]

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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 land it owns near Route 30 and Pennsylvania Avenue in Manchester Township, York County. Township officials rezoned the property in 2021 for industrial development. But after fierce public outcry and a challenge from the owner […]

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Developer weighs new project in Lancaster area

High Real Estate Group LLC is taking the first step toward building a mixed-use development next to the suburban headquarters of Armstrong World Industries in Manor Township, Lancaster County. High has struck an agreement with Armstrong World to buy 476 acres south and west of the manufacturer’s campus, which sits off Columbia Avenue west of Lancaster city. Terms of […]

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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 to sell the property in an auction. In a motion filed in bankruptcy court, apartment owners Uptown Partners LP are seeking court approval to hire Hilco Real Estate LLC to oversee a sale of the complex, known as Governor’s Square. […]

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Agency mulls deal for shuttered factory

A subsidiary of the Cumberland Area Economic Development Corp. is exploring an acquisition of a recently shuttered Carlisle factory. The subsidiary, called the Real Estate Collaborative LLC, has signed a letter of intent to buy the plant formerly operated by The Frog, Switch & Manufacturing Co. at 600 E. High St. in the Cumberland County borough. But first, […]

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Rite Aid sells HQ to Philly-area developers

Philadelphia-area developers have purchased the former Rite Aid headquarters in Cumberland County and plan to redevelop the site. Affiliates of Jenkintown-based Goodman Properties and Malvern-based E. Kahn Development paid $4.735 million for the roughly 205,000 square-foot complex, according to county deed records. The developers are still working out their plans for the site, which is at 30 Hunter Lane in East […]

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Harrisburg federal building sold again

The Harrisburg federal building has changed hands after all. Global Ocean Investments, which bought the 11-story building about a year ago for $10.01 million, has sold it for $13.13 million, according to Dauphin County deed records. The buyer is 1422 Route 179 Florida Realty LLC., whose leader affirmed plans to convert the office tower at 228 Walnut St. […]

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Drayer HQ sold to home-care provider

A Lancaster-area home-care company has purchased the corporate headquarters of Drayer Physical Therapy Institute in Swatara Township, Dauphin County. Druk Homecare Services, a home-care provider based in East Hempfield Township, paid $1.7 million for the 20,812 square-foot office building at 8205 Presidents Drive, according to county deed records. Druk plans to relocate to the second floor of the […]

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York-area golf course sold

Inch & Co., a York-based construction and real estate company, has purchased Regents’ Glen Country Club in Spring Garden Township, York County. According to county deed records, Inch affiliate RG Golf Course LLC paid nearly $2.3 million for the property, which includes the course, the clubhouse and an event venue called Box Hill Mansion. The seller was The Greens at Regents […]

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Hanover plaza near proposed Wawa sells for $2.2M

Local shopping centers are continuing to attract interest from area buyers. The latest example is Penn Plaza, an 82,500 square-foot shopping center at 1019 Baltimore St. in Penn Township, York County, outside Hanover. The Trone Family Trust, based in Hanover, paid $2.2 million for the plaza, which counts an Ollie’s Bargain Outlet store and a Ninja Logic gym among […]

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