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Shepherd Storage Building Sold for $3.3 Million

BOARDMAN, Ohio – A private equity fund from upstate New York has purchased the Shepherd Self Storage building on South Avenue in Boardman for $3,302,376, or $30.58 per square foot The purchase, completed Dec. 12, was made by an affiliate of Prime Group Holdings, based in Sarasota Springs, N.Y. It is the group’s first purchase […]

BOARDMAN, Ohio – A private equity fund from upstate New York has purchased the Shepherd Self Storage building on South Avenue in Boardman for $3,302,376, or $30.58 per square foot The purchase, completed Dec. 12, was made by an affiliate of Prime Group Holdings, based in Sarasota Springs, N.Y. It...

Mahoning Valley Car Sales Climb 10% in 2017

Cruze Sales Drop Again, Automakers Start Year Down

YOUNGSTOWN, Ohio – Even though car sales were down across the Mahoning Valley last month, 2017 as a whole proved a good year for dealers as new and used sales rose 10.1% to 58,361 according to data from the Greater Cleveland Automobile Dealers Association. For December alone, 4,012 vehicles were sold in Mahoning, Trumbull and […]

YOUNGSTOWN, Ohio – Even though car sales were down across the Mahoning Valley last month, 2017 as a whole proved a good year for dealers as new and used sales rose 10.1% to 58,361 according to data from the Greater Cleveland Automobile Dealers Association. For December alone, 4,012 vehicles were...

Local Investors Buy Warren’s Huntington Building for $500K

WARREN, Ohio – The head of the real estate group that purchased the Huntington Bank building in downtown Warren says they want to see the positive momentum downtown continue. Midwest Ventures & Consulting, a local real estate investment and management group, closed on the building Friday for $500,000, President Steve Lewis reported this morning. The […]

WARREN, Ohio – The head of the real estate group that purchased the Huntington Bank building in downtown Warren says they want to see the positive momentum downtown continue. Midwest Ventures & Consulting, a local real estate investment and management group, closed on the building Friday for $500,000, President Steve...

As Year Ends, Automakers Can’t Catch Record Numbers

YOUNGSTOWN, Ohio – The record number of new cars sold in 2016 proved to be a tough act to follow for the three American automakers as all posted a decrease in sales for 2017. The final month of the year was also a challenge for the Big Three – Ford Motor Co., General Motors Corp. […]

YOUNGSTOWN, Ohio – The record number of new cars sold in 2016 proved to be a tough act to follow for the three American automakers as all posted a decrease in sales for 2017. The final month of the year was also a challenge for the Big Three – Ford...

PNC Economists See More Growth, Market Volatility

PITTSBURGH — What’s ahead for the U.S. economy and stocks in 2018? PNC Bank’s economists experts expect faster growth and more market volatility. The current U.S. economic expansion may break the record for longest-ever, as it enters its ninth year in 2018, the report states. “It may be old in years, but it’s young at […]

PITTSBURGH -- What's ahead for the U.S. economy and stocks in 2018? PNC Bank's economists experts expect faster growth and more market volatility. The current U.S. economic expansion may break the record for longest-ever, as it enters its ninth year in 2018, the report states. “It may be old in...

Huntington, Home Savings Settle Suit Over Records

YOUNGSTOWN, Ohio – Huntington National Bank and Home Savings Bank have settled Huntington’s lawsuit that claimed three of its former commercial lenders took “confidential information, proprietary information or trade secrets” with them when they were hired by Home Savings in September. U.S. Judge Benita Y. Pearson signed the dismissal order Dec. 20. “The parties have […]

YOUNGSTOWN, Ohio – Huntington National Bank and Home Savings Bank have settled Huntington’s lawsuit that claimed three of its former commercial lenders took “confidential information, proprietary information or trade secrets” with them when they were hired by Home Savings in September. U.S. Judge Benita Y. Pearson signed the dismissal order...

Report: Loan Servicers Prey on Ohio Students

COLUMBUS, Ohio — Over a million Ohioans have student loan debt totaling more than $57 billion. Because Ohio public college tuition is higher than most other states, Ohioans borrow more. On top of that, Ohio’s predatory repayment climate means the state also has a high default rate, finds new research by Policy Matters Ohio. Ohio […]

COLUMBUS, Ohio -- Over a million Ohioans have student loan debt totaling more than $57 billion. Because Ohio public college tuition is higher than most other states, Ohioans borrow more. On top of that, Ohio’s predatory repayment climate means the state also has a high default rate, finds new research...

HBK Tax Principal Summarizes New Tax Law

By James M. Rosa CANFIELD, Ohio — The Tax Cut and Jobs Act now awaits the signature of President Trump. The legislation includes many provisions and is easily the most significant tax legislation since 1986. There are many opportunities to take advantage of the tax law changes and take action before the end of 2017 […]

By James M. Rosa CANFIELD, Ohio -- The Tax Cut and Jobs Act now awaits the signature of President Trump. The legislation includes many provisions and is easily the most significant tax legislation since 1986. There are many opportunities to take advantage of the tax law changes and take action...

PNC Announces Agreement To Acquire Fortis

PITTSBURGH, Pa. – PNC Bank today announced a definitive agreement to acquire Fortis Advisors, a provider of private merger and acquisition post-closing shareholder representative services. Upon the closing of the transaction, Fortis will become a subsidiary of PNC Bank within its Corporate & Institutional Banking business, a provider of products and services to middle market businesses. […]

PITTSBURGH, Pa. – PNC Bank today announced a definitive agreement to acquire Fortis Advisors, a provider of private merger and acquisition post-closing shareholder representative services. Upon the closing of the transaction, Fortis will become a subsidiary of PNC Bank within its Corporate & Institutional Banking business, a provider of products and...

Farmers National Bank to Open Office in Beachwood

BEACHWOOD, Ohio – Farmers National Bank is expanding its footprint with a new office in Beachwood at 27600 Chagrin Blvd., expected to be open in January. The Beachwood office will add three new hires to Farmers’ commercial lending team: Christopher Smerglia, commercial lending team leader and market president; Jamie Brotherton, vice president, senior commercial relationship […]

BEACHWOOD, Ohio – Farmers National Bank is expanding its footprint with a new office in Beachwood at 27600 Chagrin Blvd., expected to be open in January. The Beachwood office will add three new hires to Farmers' commercial lending team: Christopher Smerglia, commercial lending team leader and market president; Jamie Brotherton,...