02/08/2012 - Trump on Santorum: I Don't Get Him
Before the results came in for Tuesday night’s sweeping victory for Rick Santorum, real estate mogul and reality television star Donald Trump did not give the former Pennsylvania senator much thought on his impact in the Republican field.
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02/07/2012 - Trump to turn Old Post Office into luxury hotel
Donald J. Trump is getting a Pennsylvania Avenue address in Washington, it just won’t be 1600. The federal government announced Tuesday that the New York real estate magnate’s hotel company has been selected to turn Washington’s Old Post Office Pavilion into a luxury getaway. Read full article >>
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02/01/2012 - JCPenney moving, growing at North Hanover Mall
The JCPenney anchor store at North Hanover Mall will be relocated and expanded, with construction starting last week and a grand re-opening scheduled for October, mall owners Pennsylvania Real Estate Investment Trust announced.
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01/31/2012 - Paramount Group buys 2099 Pennsylvania Ave.
WASHINGTON, DC-2099 Pennsylvania Ave., a trophy office building in the heart of the city, has traded for an undisclosed price to Paramount Group. The address should ring a bell to local commercial real estate watchers: the last time this building sold was during the depth of the recession and it sold for one of the highest per square foot prices at the time--$867 per square foot, or $172.5 ...
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01/31/2012 - jcpenney Relocates and Expands at North Hanover Mall
Pennsylvania Real Estate Investment Trust today announced an agreement with jcpenney to relocate and expand its anchor store at North Hanover Mall in Hanover, Penn
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01/10/2012 - Shale Natural Gas Fueling Pennsylvania Hotel Industry
While the vast majority of U.S. lodging markets were suffering from declines in revenue during the recent recession, hotels in northeastern Pennsylvania bucked national trends and achieved significant growth in RevPAR each and every year from 2007 through 2011.
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12/29/2011 - Mericle to release $2.15 million fund that benefits Luzerne County children
A $2.15 million fund to benefit children that was established by real estate developer Robert Mericle will be disbursed to the Pennsylvania Commission on Crime and Delinquency, a federal judge ruled Thursday.
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12/29/2011 - Mericle’s $2.15M set for panel on delinquency
SCRANTON – A $2.15 million fund to benefit children established by real estate developer Robert Mericle will be turned over to the Pennsylvania Commission on Crime and Delinquency, a federal judge ruled Thursday.
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12/28/2011 - Philadelphia Media Network Signs 125,000-SF HQ Lease at 801 Market
Pennsylvania Real Estate Investment Trust (NYSE: PEI) has secured a lease with Philadelphia Media Network, Inc. (PMN) to occupy 125,000 square feet at 801 Market Street in Philadelphia. PMN, owner and publisher of The Philadelphia Inquirer, Daily News, and Philly.com, is expected to take occupancy of its third-floor headquarters space in summer 2012. The iconic building delivered in 1868 as ...
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12/28/2011 - PMN Signs 125,000-SF HQ Lease at 801 Market
Pennsylvania Real Estate Investment Trust (NYSE: PEI) has secured a lease with Philadelphia Media Network, Inc. (PMN) to occupy 125,000 square feet at 801 Market Street in Philadelphia. PMN, owner and publisher of The Philadelphia Inquirer, Daily News, and Philly.com, is expected to take occupancy of its third-floor headquarters space in summer 2012. The iconic building delivered in 1868 as ...
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12/28/2011 - PREIT Signs Philadelphia Inquirer Owner for New 125,000 Square Foot Headquarters
Pennsylvania Real Estate Investment Trust has signed a lease with Philadelphia Media Network Inc. , owner and publisher of The Philadelphia Inquirer, Daily News, and Philly.com, for occupancy of 125,000 square feet of space in 801 Market Street, located in Philadelphia, Pennsylvania.
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12/22/2011 - PREIT to Add 12-Screen, 3D Regal Cinemas Theatre to Moorestown Mall
Pennsylvania Real Estate Investment Trust announces a major move in its revitalization of Moorestown Mall into a shopping, dining and entertainment center by executing a deal with Regal Entertainment Group to build the Regal Moorestown Mall Stadium 12 & Regal Premium Experience .
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12/15/2011 - TREECO Affiliate Acquires Shopping Center in Willow Grove, Pennsylvania for $14.6 million
The Real Estate Equity Company, LLC announced the acquisition of a 71,000 square foot shopping center in Willow Grove, Pennsylvania for $14.6 million by Treeco/Willow Grov
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12/12/2011 - Ed Mullin Addresses over 400 Real Estate Lawyers
Lansdale Pennsylvania -- J. Edmund (Ed) Mullin, recently addressed over 400 lawyers attending the an...
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12/10/2011 - Shale gas pipelines pose challenges to state's forests, wildlife
The 8,500 miles of gas pipeline running under Pennsylvania could quadruple within the next two decades, according to a forthcoming study, raising questions about how the work will affect forests, wildlife and even the suburbs around Pittsburgh.
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12/09/2011 - Keller's amendment to Power of Attorney Act approved by House
HARRISBURG -- Friday, Dec. 9, 2011 -- An amendment to the Pennsylvania Power of Attorney Act sponsored by state Rep. Mark Keller (R-Perry/Franklin) was approved unanimously by the House today.
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12/05/2011 - Southwestern Pennsylvania Home Sales Rise in November
PITTSBURGH, Dec. 5, 2011 /PRNewswire/ -- Residential homes placed under agreement in Southwestern Pennsylvania increased 17.93 percent in November 2011 versus November 2010 (2,591 homes versus 2,197), according to the November real estate report from West Penn Multi-List, Inc., the...
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11/25/2011 - PEI Ex-Dividend Reminder - 11/29/11
Looking at the universe of stocks we cover at Dividend Channel, on 11/29/11, Pennsylvania Real Estate Investment Trust (NYSE: PEI) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 12/15/11. As a percentage of PEI's recent stock price of $8.51, this dividend works out to approximately 1.76%. Below [...]
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11/21/2011 - New recovery plan tax, fee hikes more than mayor's
Real estate taxes in Scranton should rise even more than Mayor Chris Doherty has proposed next year under the Pennsylvania Economy League's proposed new recovery plan for the city.The mayor proposed a 29 percent hike; PEL proposes 42 percent.PEL also t
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11/16/2011 - New Garden grants waiver for White Clay Point subdivision
NEW GARDEN — Township supervisors voted 3-2 Monday night to grant the Pennsylvania Real Estate Investment Trust a waiver to forgo an additional subdivision process.
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11/09/2011 - Charleston Chocolates opens in Florence's Magnolia Mall
FLORENCE, SC -- Representatives from Pennsylvania Real Estate Investment Trust and Magnolia Mall Wednesday announced that Charleston Chocolates has joined the mall’s roster.
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11/09/2011 - Wachter Says ‘Apartment’s Moment’ Comes as Barriers Block Homebuyers
“This is the apartment’s moment, and it’s likely to be a long-lasting moment,” said Susan Wachter , professor of real estate and finance at the University of Pennsylvania ’s Wharton School. To buy homes, people face “credit constraints or they’re nervous and waiting on the sidelines,” she said.
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11/02/2011 - For $30 Million, This Modern Mansion In Pennsylvania Has An Indoor Tennis Court And Stone Courtyard
The spectacular Arbor Hill estate in Fort Washington, Pennsylvania, widely considered one of the region’s most prominent estates, has been listed for sale at $30 million by Christie’s International Real Estate affiliate Long & Foster.
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10/25/2011 - Pittsburgh is great place for former residents' happy returns
Every year, hundreds of Southwest Pennsylvania residents leave the area -- either for college, a job or just retire to a warmer climate. Although there are no statistics available on how many of them return, many say they find the area they moved to fails to compare with what they left -- in quality and cost of living.
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10/18/2011 - Inheritance tax a burden to small businesses and family farms, unmarried people
HARRISBURG — Pennsylvania's inheritance tax often is a difficult financial hardship for families with small farms and businesses, but eliminating it would force lawmakers to cut $800 million from programs in the state budget.
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10/16/2011 - In Philly’s suburbs, a patchwork of price increases and declines
Eager buyers in search of brand-new houses in wide-open spaces fed the real estate boom in the four suburban Pennsylvania counties surrounding Philadelphia. Prospective homeowners camped for days at builders' sales offices on the edge of Chester County farmland, hoping they'd be the first to snag premium lots.
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10/16/2011 - Western Pennsylvania deals of the week
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania.
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10/16/2011 - A will simplifies bequeathing a house
Dear Real Estate Adviser, We live in Pennsylvania, and my hubby owns our home. The deed, title and loan are in his name only. If he dies without a will, what will happen to the house?
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10/13/2011 - 2501 Pennsylvania Ave Wins Prestigious Delta Associates Award
ALEXANDRIA, VA--(Marketwire - Oct 13, 2011) - McWilliams|Ballard announced today that 2501 Pennsylvania Avenue has been awarded the prestigious "Highest Average Price Per Square Foot for a Mid-Atlantic Condominium Community" award by Delta Associates at its Market Outlook Presentation and Awards Ceremony. Currently sold and marketed by Washington, DC based real estate sales and marketing firm ...
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10/07/2011 - Valley flood victims face housing crisis
The housing shortage in Bradford County, Pennsylvania has been a problem for quite some time. But with thousands of flood victims displaced, it's gotten even worse. Our Lara Greenberg tells us why that's happening.
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10/05/2011 - West Penn Multi-List Reports September Home Sales Up
Southwestern Pennsylvania posted a 15.85 percent increase in residential homes placed under agreement in September 2011 versus September 2010 , according to the September real estate report from West Penn Multi-List, Inc., the Pittsburgh area's definitive source for real estate information.
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10/03/2011 - Report sounds alarm on Pa. school budget cuts
A report from the Pennsylvania Association of School Administrators and the Pennsylvania Association of School Business Officials shows that budget cuts have cut deeply into educational programs throughout the state.
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10/01/2011 - New campaign slogans
More than a few Pennsylvania Republicans -- and most Democrats -- have expressed vociferous opposition to a GOP legislative plan to go from the winner-take-all system of awarding the Keystone State's Electoral College votes to a proportional system, based on the winners of the commonwealth's respective congressional districts. But guess what the national Republican Party has done?
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09/28/2011 - Realtor earns GRI
SUNBURY - Aimee Buehner of Bowen Agency Realtors earned the Graduate Realtors Institute professional designation from the Pennsylvania Realtors Institute.The GRI designation is a nationally recognized mark of achievement in the real estate profession. S
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09/22/2011 - D.C. spending fight may be felt by Pa. flood victims
HARRISBURG (AP) — The Federal Emergency Management Agency said Thursday its disaster relief fund could run out sometime next week, potentially bad news for Pennsylvania flood victims who are trying to get help.
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09/18/2011 - Property sales put West Hazleton in black
West Hazleton Borough finished August in the black, which was achieved in part with an unexpected increase in property sales at local industrial parks, according to a report prepared by a Pennsylvania Economy League official.A monthly financial report r
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09/13/2011 - Harrisburg Council Acts to Get Cash, Dodge Default by Pennsylvania Capital
Harrisburg’s City Council moved to avoid a default by Pennsylvania’s capital, passing a real-estate transaction that provides cash for costs including debt service.
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09/12/2011 - Pa. owed millions in fines
ALLENTOWN, Pa. (AP) — Licensed professionals owe the state of Pennsylvania millions of dollars in unpaid fines for a variety of rules violations, ranging from minor registration errors to murder, stat
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09/12/2011 - Home Buying Evolution Creates Free Home Buyer Referral Database for Pennsylvania Realtors
Home Buying Evolution, a company catering to the needs of people buying real estate in the greater Philadelphia area, is opening its Realtor® referral database to all interested Realtors® in Pennsylvania who are interested in offering their home buying clients alternative home buying agreements. ...
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09/11/2011 - State owed millions in fines
Some will never be collected from professional licensees, officials say. Licensed professionals owe the state of Pennsylvania millions of dollars in unpaid fines for a variety of rules violations, ranging from minor registration errors to murder, state records show.
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08/30/2011 - State lifts gambling ban on Erie real estate agent
The Pennsylvania Gaming Control Board has lifted a licensing ban on a real estate agent who helped develop Presque Isle Downs & Casino in Erie.
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08/27/2011 - Fluid federal estate, gift taxes can pose problems
Nothing incites (a correct term, we think) more discussion than taxes, as evidenced by the responses to our last column about the Pennsylvania Inheritance Tax. That's only half the story. Let's take a look at what the IRS imposes on U.S. citizens in the form of federal estate and gift taxes.
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08/26/2011 - Welfare chief gets 2nd job: landlord
Being secretary of the largest state agency in Pennsylvania apparently isn't enough for Gary Alexander. He wants to be a landlord, too.
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08/24/2011 - Uniontown Mall offers back-to-school promotions
Uniontown Mall, along with all malls owned and managed by Pennsylvania Real Estate Investment Trust (PREIT), is offering a special website to help prepare for back to school shopping and a Style Multiplier Back to School promotion.
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08/20/2011 - Goodwill to break ground for store in Robinson
Goodwill of Southwestern Pennsylvania and Burns & Scalo Real Estate Services Inc. will host a groundbreaking ceremony this week.
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08/19/2011 - Times In-Depth: Erie's nonprofits scrutinized as city, others searches for cash
Some of the most valuable real estate in the city of Erie produces no tax revenue -- it is owned by nonprofit institutions, whose property is generally tax exempt under Pennsylvania law.
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08/18/2011 - Free school supplies deals available at area malls
Customers who spend more than $75 a day will receive free school supplies when they shop at area malls operated by the Pennsylvania Real Estate Investment Trust.
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08/15/2011 - Pennsylvania Man Pleads Guilty to Role in $17.6 Million Investment Fraud
A Pennsylvania man admitted to his role in a $17.6 million Ponzi scheme that defrauded more than 260 investors.
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08/09/2011 - Councilman Millner statement filed 14 weeks past deadline
NORRISTOWN — One Norristown council member filed his Pennsylvania “statement of financial interests” for 2010 more than 14 weeks after the May 1 filing deadline.
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08/08/2011 - Pennsylvania’s Muni Oversight Law Falls Short as Workers Doubt Paychecks
In Harrisburg, Pennsylvania’s capital, drivers navigate past sinkholes that won’t get filled. By next month, city officials may not have money to fuel emergency vehicles, or even issue paychecks.
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