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Commercial Real Estate Update

Dave Gardner / Published: July 5, 2017 A series of evolving market conditions, movement of goods for e-commerce, and the mounting influence of the millennials are all shaping commercial real estate trends within NEPA. An acceleration of “westward movement” has been recognized by John Cognetti, president of Hinerfeld Commercial Real Estate. According…

Medical marijuana could be growing legally in Scranton by year’s end. A facility planned for the city’s Green Ridge section is one of the first in the state to obtain a growing/processing permit from the state Department of Health. Statewide, nearly 200 applicants paid hefty fees and filed extensive applications…
New York developer plans mixed use for iconic Oppenheim Building

The art and architecture in downtown Scranton feel like a smaller version of SoHo to New York City developer Shimon Friedman. Along with two other New York developers, he bought the Oppenheim Building, 401 Lackawanna Ave., last week for $1.2 million. They plan to restore the stately old building and,…