The process used by the Wolf administration to exempt some businesses from the March 19 pandemic closure mandates was “inconsistent” and “subjective,” according to state Auditor General Eugene DePasquale.
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Real estate
York, Adams real estate sales set records in August
“The available inventory levels are half of what they were last year at this time,” Kreiger wrote. “Homes are selling extremely quick because of lack of inventory and sellers are getting their asking prices or well above.”
Read More »COVID M&A market described as ‘survival of the fittest’
Industry leaders said the M&A marketplace has become even more a matter of “survival of the fittest” in the COVID era. Industries with built-in virtual solutions such as e-commerce, fintech and broadband, have become an essential part of virtual work, while smaller, family-owned businesses have been forced to implement years’ worth of innovation in a matter of months to stay alive.
Read More »T.J. Maxx, Big Lots, Five Below to fill former Kmart location in Hummelstown shopping center
Developers at the New Jersey-based Heidenberg Properties say they’re confident in the long-term success of Hershey Square Shopping Center, which they have unofficially re-named “Hershey Square 2.0” after a string of successful lease agreements with big-name retailers.
Read More »Younger Realty Group affiliates with Century 21
After a decade of brokering deals on residential housing throughout the region, a Lancaster-based real estate firm announced that it will be affiliating with Century 21 Real Estate.
Read More »HDC MidAtlantic helping renters purchase their home, completes first sale in Manheim Township
Lancaster-based supportive housing developer HDC MidAtlantic has secured the first sale for its homeownership program, which provides resources to residents of modest incomes to purchase Larkspur Crossing residences at a price significantly below market value.
Read More »Orrstown Bank to close 3 central Pa. branches by 2021’s first quarter
Orrstown Financial Services said Thursday it plans to close six branch locations — three in Pennsylvania and three in Maryland — by the end of the first quarter of 2021 in response to shifting consumer habits that have been accelerated by the COVID-19 pandemic.
Read More »Developers, board of supervisors at odds over design plans for new apartment complex in Lebanon
Representatives of Landmark Homes of Ephrata, their attorney, and their engineer took their case to the North Lebanon Township Board of Supervisors at a recent meeting.
Read More »Once shy Millennials are now driving home sales
“Their reasons vary: Some are starting families, others are caring for aging parents, while others found that buying a home was decidedly cheaper than renting.”
Read More »Property occupied by ALDI, FedEx sells for $8M
Fort Washington property manager Kahn Joint Venture LLP has acquired the 22,716-square-foot net-lease property at 4702 Jonestown Road in Lower Paxton Township for $8.1 million.
Read More »Vartan Group breaks ground at new Susquehanna town center
Developers at a groundbreaking ceremony Wednesday for a new Harrisburg office of Berkshire Hathaway HomeServices Homesale Realty in Susquehanna Township said they expect the real estate company’s building to open for business in January.
Read More »Berks farms benefit from Bell & Evans expansion
Four Berks County farms were among five farms to receive more than $1.8 million in support from the Pennsylvania First Industries Fund, two of which were to help with the recently announced expansion of Bell & Evans.
Read More »Why has multifamily stayed hot during the pandemic?
Many investors are scratching their heads wondering why certain asset types have been largely unaffected and, in some cases, even performing better and trading at higher prices than before the pandemic
Read More »UPMC opens new heart and vascular institute offices in York and Lancaster counties
Harrisburg-based UPMC Pinnacle opened two new UPMC Heart and Vascular Institute offices in the midstate on Monday; one in Shrewsbury Township, York County, and another and Warwick Township, Lancaster County.
Read More »Pa. Auditor General to release report on business closure, exemption process in October
State Auditor General Eugene DePasquale said his department’s report on the state’s controversial waiver process that allowed certain businesses to operate amid the pandemic will be released to the public during the first week of October, with a target release date of Oct. 6.
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