Two business owners, who claimed that they went ahead and constructed a supermarket with their own cash based on an oral assurance by the then Chief Executive of GBTI that the financial institution would have granted them a loan, have lost a High Court case and now have to repay the bank more than $ […]
Now, three years later, the project is moving through all the regulation process, but estimates of the costs to homeowners have jumped, and some are wondering if they will go higher. Yet Assemblyman Jamel Holley , who first proposed the development when he was borough mayor, remains an enthusiastic advocate of the plan, saying the […]
The Montgomery County, Pa., real estate investment firm that defaulted on a $ 56 million mortgage for the former DHL distribution center in Upper Macungie Township has agreed to allow lender U.S. Bank to foreclose. In a court filing this week, U.S. Bank and Bryn Mawr-based HSP Lehigh Valley Warehouse said the commercial real estate […]