ELLEN RAINERI CLOSES $750K SALE & PARTIAL LEASE BACK

Ellen Raineri recently closed the sale and partial lease back of a 29,400 Square Foot building at 745 North Keyser Ave.,  Scranton, PA. The building consisted of office, show room, and warehouse space that was located on a highly visible highway.   The Seller, Larry Mandel, was pleased with the…

Continue reading

Morprop Transportation Property Review 04.11 Equipment Makers Soar

The long-awaited trucking recovery has delivered for the transportation manufacturing sector. Truck orders for Class 8 trucks hit a 5 year high in March with net orders up almost 160% y/y. Truck maker Daimler’s (manufacturer of Freightliner trucks) Q1 sales rose over 25% and profit tripled. Volvo recently announced that…

Continue reading