HFF hires eight-person capital markets team from Thalhimer HFF has hired an eight-person capital markets team from the Raleigh office of Cushman & Wakefield | Thalhimer.
The team of investment sales professionals includes Chris Norvell (industrial), Justin Good (multifamily and land), Allan Lynch (multifamily) and Scot Humphrey (office and industrial). The four are joined by real estate analysts Sarah Godwin and Patrick Nally, graphics coordinator Sarah Spain and production coordinator Deanna Connolly.
“These four individuals bring a wealth of experience,…
Thu, 03 Sep 2015 21:09:50 +0000 PASSHE board approves four union contracts The Board of Governors for the Pennsylvania State System of Higher Education voted Thursday to approve new collective bargaining agreements with four of its labor unions.
The contract represent about 4,500 professional staff members working in admissions, financial aid, residence life and career services; university health center nurses; social workers and counselors; and clerical and maintenance staff. Negotiations with only one union remain unresolved, according to PASSHE.
The contracts, which…
Thu, 03 Sep 2015 21:08:49 +0000 Business closes after fatal shooting; Zimmerman to buy property A fatal shooting last weekend has prompted a downtown Greensboro property owner to close his business and sell the property.
Paul Talley, owner of the Lotus Lounge located on the south end of downtown at 120 W. Lewis St., says he is voluntarily closing the business following a shooting that resulted in the death of a 19-year-old man early Sunday morning.
"...I understand I have a civic responsibility to assist with the re-birth of downtown Greensboro," Talley said. "I also have a responsibility…
Thu, 03 Sep 2015 21:05:12 +0000 PICT Classic Theatre cancels production due to funding shortfalls PICT Classic Theatre, a long-established nonprofit that annually produces a full schedule of modern Irish and world theater in Pittsburgh, is making some hard decisions due to a lack of funding.
The nonprofit theater group announced it is canceling its upcoming production of William Shakespeare's "The Tempest" because of a "significant shortfall in funding."
The production was slated to open on Oct. 10.
While it indicated its current production of "Educating Rita," which opens on Sept. 5, will…
Thu, 03 Sep 2015 21:04:52 +0000 There will be two parades during papal visit Click here for full coverage of the papal visit from the Philadelphia Business Journal
Pope Francis will parade down Benjamin Franklin Parkway — twice — when he's in town.
Saturday evening, Sept. 26, before the Festival of Families, the papal procession will stretch from Eakins Oval to and around City Hall.
Tix needed to get close to Pope Francis
"It's basically going let everyone gathered on the Ben Franklin Parkway really, and beyond, see the Holy Father up close," said Donna Crilley…
Thu, 03 Sep 2015 21:03:52 +0000 NexTier and Eureka Bank to merge in $35M deal NexTier Inc. and Eureka Financial Corp. have agreed to merge, the banks announced late Thursday.
The combined community bank will have in excess of $1.1 billion and 26 branches throughout southwestern Pennsylvania.
Under the terms of the agreement, shareholders of Eureka Financial Corp. will receive about $35 million in cash, or $28.50 per share. Eureka, which will operate under the NexTier Bank brand, has two locations — one on Forbes Avenue in Oakland and another on Babcock Boulevard in Shaler…
Thu, 03 Sep 2015 21:00:48 +0000 Foundations report declines on investment returns Some of the Buffalo region’s largest private and community foundations saw positive investment returns last year, though at rates far below the previous year.
That’s in line with a new national report by the Council on Foundations and Commonfund that found average returns of 6.1 percent for private foundations and 4.8 percent for community foundations in 2014, compared to 15.6 percent and 15.2 percent in 2013, respectively.
The Study of Investment of Endowments for Private and Community Foundations…
Thu, 03 Sep 2015 21:00:00 +0000 Piedmont opens natural gas pumps at Spinx convenience store Piedmont Natural Gas’ first compressed natural gas filling station at a convenience store opened Wednesday at the Spinx on Highway 28 Bypass in Anderson, S.C.
It is Piedmont’s third commercial station for the selling of compressed natural gas in South Carolina and its 10th overall. But the other stations are all on property owned by Piedmont, most connected with an existing Piedmont facility.
Karl Newlin, chief financial officer for Piedmont, says the company is excited to test the concept…
Thu, 03 Sep 2015 20:58:46 +0000
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