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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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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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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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Hanover-area plaza goes for $28.75M

A Hanover-area mall is under new ownership. Plymouth Meeting-based real estate company Pennmark Management paid $28.75 million for Gateway Hanover, a 192,774 square-foot shopping center just north of the York County borough. It was developed starting in 2010.The seller was Hanover-based Conewago North Ridge Partners LP, according to Brad Rohrbaugh, retail director for York-based real estate firm Bennett Williams […]

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Utz names next CEO 

After steering one of the region’s largest private companies onto the public market, Utz Brands CEO Dylan Lissette is stepping into a new role. After 27 years with the Hanover-based snack maker, Lissette will become executive chairman of the company’s board on Dec.15.Utz’s new CEO will be Howard Friedman, currently COO of St. Louis-based Post Holdings, a consumer-packaged […]

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York law firms link up

Three York-based law firms are becoming one in a merger slated to close Oct. 1. The firms are Blakey Yost Bupp & Rausch; Griest Himes Herrold Reynosa; and MPL Law Firm. “We all have great respect for each other and we have always worked well together even when on opposing sides,” said James Sanders, an attorney at MPL. “We decided […]

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Text marketing firm moves to Lancaster

Last fall, Lancaster-based private equity firm PennSpring Capital bought a majority stake in Mobiniti, a text marketing firm based in Wilkes-Barre. This week, a PennSpring entity paid $1.55 million for a building in Lancaster where it plans to relocate the operations of Mobiniti, which employs about 20 people.The move brings Mobiniti closer to PennSpring, which offers support to […]

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Podcast: Arts and the economy

When Covid-19 struck in March 2020, it upended the livelihoods of people who built careers around art, music, theater and other cultural pursuits that thrive on live audiences. Arts and culture are bouncing back, like other sectors of the economy. But they still have some ways to go to reach their pre-pandemic state, according to […]

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Local agencies win money, role in new small-biz funding program

State officials fired the starting gun and now economic-development officials across Central Pennsylvania are off to the races. In an announcement Sept. 13, the Department of Community and Economic Development unveiled the local agencies that will play a role in distributing $246.7 million to small businesses statewide under a federal program called the State Small […]

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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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Youth-focused nonprofit buys Front Street office

A Harrisburg-based, youth-focused nonprofit has purchased the longtime home of the Pennsylvania NewsMedia Association at 3899 N. Front St. Youth Advocate Programs Inc. paid $2.235 million for the 18,000 square-foot building in Susquehanna Township, according to Dauphin County deed records.The nonprofit — which provides community-based services to at-risk youth — plans to move around 80 staff members there […]

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Bertram to leave Giant, Ruane stepping in

The Giant Co. president Nicholas Bertram is leaving the company Aug. 31 to pursue “new opportunities,” the regional grocery chain’s parent company announced yesterday. Bertram, who has been president of Carlisle-based Giant since 2018, did not disclose what those opportunities might be. Giant spokesperson Christy Phillips-Brown described it as a personal decision. John Ruane, Giant’s chief […]

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State ends appeal in medical cannabis recall

State health officials have dropped a legal action seeking to reinstate their controversial recall of medical marijuana vapes. The move before the state Supreme Court doesn’t end the legal fight. It simply means the Department of Health is no longer appealing a lower-court ruling that put the recall on holdNonetheless, it was welcomed by the medical […]

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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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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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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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