Business, workers flee Electric City taxes

A decade ago when real estate up-and-comer Charles Hibble looked for a headquarters for his business, Scranton was a natural choice. He invested $1.2 million converting an aging building on Penn Avenue into modern offices and apartments. Mr. Hibble accepted real estate tax and parking cost increases and the mercantile…

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PNC sells downtown building

PNC Financial Services Group sold its regional headquarters building in Scranton on Wednesday and agreed to a long-term lease on the structure. The 113,000-square-foot building at Penn Avenue and Spruce Street, was acquired by a subsidiary of American Realty Capital Properties Inc., said Jason Beyersdorfer, a PNC spokesman. The sale…

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Fire sale for downtown office building

Published in the Scranton Times By Dave Falcheck One of Scranton’s largest — and largely vacant — office buildings is available at a cut-rate price. The big white box on the corner of the Adams Avenue and Mulberry Street sold for $6.8 million in 2005. It went on the market…

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