- Local EDCs anxious to say, 'We're not stealing companies'
State officials are making it clear that Pennsylvania is not trying to steal corporations away from New York in the wake of the destruction of the World Trade Center, but instead is ready to provide temporary office buildings for displaced companies. Regional development officials in Pennsylvania said if there were ......
- Big Boys Invade the Turf of Family Firms
Industrial real estate in New Jersey has long been the preserve of family-owned developers. But the steady advance of real estate investment trusts (REITs) has been making deep inroads into their territory. Keystone Property Trust, a publicly held REIT based in West Conshohocken, Pennsylvania, is among the latest to move ......
- Major development projects in region promise jobs, growth
Despite the current economic malaise in northeast Pennsylvania, commercial development is progressing at a very brisk pace, according to local economic development experts. Some area cities are concentrating on downtown revitalization projects, huge industrial parks stand poised to house new incoming industries, and retailers are investing in new locations to ......
- Area's largest shopping malls are now owned by PREIT
There's a new landlord in town. In November, Philadelphiabased Pennsylvania Real Estate Investment Trust, known for short as PREIT, completed its purchase of Johnstown-based Crown American Realty Trust. Among the 27 Crown American shopping centers PREIT gained control of were three of northeastern Pennsylvania's largest shopping malls: Viewmont Mall in ......
- Lehigh Valley Helps Build Future of Industry
MORE THAN A DECADE AGO, a group of business leaders in the Lehigh Valley gathered to discuss the worst crisis in the region's economic history. Bethlehem Steel - whose 31,000 employees helped to build ships in two world wars and transform the New York City skyline - was in financial......
- Simmons deal deemed 'victory for economic development teamwork'
The arrival of Simmons Manufacturing Company into northeastern Pennsylvania is, according to die major participants, a victory for economic development teamwork. With 214,794 square feet of plant space on 21 acres in Hazleton's Humboldt Industrial Park, the new manufacturing facility is slated for occupancy by the middle of this month....
- SHRINKING CITIES growing townships
In the past decade, 118,000 people moved to Central Pennsylvania townships. But between 1990 and 2000, cities and boroughs gained only 5,000, the U.S. Census bureau says. Camp Hill, Carlisle, Mechanicsburg, Middletown, Columbia, Lebanon and York all shrank. Harrisburg lost the most - about 3,400 people. Of the principal cities ......