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
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 […]
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 […]
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 […]
Fulton Bank was on the receiving end on the afternoon of April 26 when state regulators shut down and brokered a sale of Republic First Bank, a troubled Philadelphia-based lender that does business as Republic Bank. As a result, Fulton has acquired most of the assets and branches of Republic First, expanding the Lancaster bank’s footprint in the competitive […]
A private equity-backed holding company is buying a majority stake in Harrisburg’s minor league baseball team from the family of the late Mark Butler, a co-founder of Harrisburg-based discount retailer Ollie’s Bargain Outlet Holdings. Butler, who died in 2019, bought a majority interest in the Harrisburg Senators in 2014. That stake is now being sold to Diamond Baseball […]
Over the last few weeks, real estate agents have begun bracing for the end of a common practice in home sales.It’s not the 6% commission, which agents argue is something of a misconception. It is the ability to signal that a homebuyer’s agent will be paid from the proceeds of a sale along with the […]
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 York-based Kinsley […]
A Harrisburg-area engineering firm has added two new offices, including its first-ever location in Maryland.HRG has opened offices in Fayette County, Pennsylvania, and Hagerstown, Maryland, hoping to make greater inroads in both areas. The additions bring the firm, based in Swatara Township, Dauphin County, to a dozen offices, with 10 in Pennsylvania and one each in […]
It could be another four weeks before a bankruptcy court decides the fate of the beleaguered Governor’s Square apartment complex in uptown Harrisburg.The court had been scheduled to hold a hearing April 2 on a proposed sale of the 222-unit complex But the hearing has now been moved to April 30 at the request of the property’s […]
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