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Outside investors target tertiary markets for better yields

Local investors beware: Central Pennsylvania is on the map for outside groups looking for higher returns. Last month, The Solomon Organization , a New Jersey-based operator of multifamily properties, closed on a $25.7 million purchase of the newly built Ivy Ridge Apartments in Swatara Township . That price — $117,913 per unit — is the highest in the Harrisburg market this year. It also marked the company's first foray into the Harrisburg area after landing in Lancaster County six years ago. It owns six communities in Lancaster County and more than 1,200 units. "Two years ago, you said 'Harrisburg' and people would just hang up the phone," said Zachary Pierce, director of the National Multi Housing Group in Philadelphia for Marcus & Millichap Real Estate Investment Services . Outside investors were interested only in primary markets such as New York City and Washington, D.C., and maybe Philadelphia, he said. But as prices have shot up in those prime areas, th...

Woman charged with murder a year after shooting boyfriend in head

As quadriplegic Lavatus McCullough ’s health took a turn for the worse last month, prosecutors moved to up the charges against the woman who had shot him in the head in Logan Square nearly a year earlier. Last week, after a year on a ventilator, McCullough slipped into a coma and died, prompting Cook County prosecutors to again upgrade the charges against his 29-year-old girlfriend, Samantha Santiago, to first-degree murder from attempted murder . Santiago, who had been held in jail in lieu of $950,000 bail on the attempted murder charge , was ordered held without bail at a hearing Thursday at the Leighton Criminal Courthouse . She had previously been charged with aggravated battery in connection with the shooting. Despite his injuries, McCullough had on multiple occasions identified his former girlfriend, Santiago, as the person who shot him. McCullough and Santiago were dating, and Santiago’s 9-year-old son called McCullough his step-father, Assistant State’s Attorney Jamie Santin...

The Safdie Brothers Are Classic New York Hustlers. Their Movies Might Make Them Legends.

The Safdie Brothers Are Classic New York Hustlers And their movies might make them legends. Before deciding he wanted to make a Safdie Brothers movie , the erstwhile heartthrob Robert Pattinson hadn ’t actually seen a Safdie Brothers movie . It was one still image — of the lead actress from their 2014 addiction drama Heaven Knows What — that led him to pick up the phone. “He said, ‘I wanna be on a movie set that had the energy that I imagine this had,’” Benny, 31, says. “Little did he know, there was no movie set,” Josh, 33, laughs. Adapted from the street life of its star, Arielle Holmes, Heaven Knows What is a breathless, booming piece of work — somehow both a plotless character study built on mumbly dialogue and stolen shots, and a punch to the face. “We were just this weird little crew making this movie in a very serious fashion.” For over a decade, that’s been the mission statement. The Safdies split a schizophrenic childhood on either side of the East River, with a dutifu...

We love New York business. Here are 25 reasons why

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1. If you can make it here… New York has long been the ultimate testing ground for businesses. But the city’s population density also makes it an important laboratory for startups, especially in today’s on-demand economy. Food- delivery pioneer Seamless survived the dot-com crash, paving the way for the arrival of meal-kit services such as Blue Apron and Plated a decade later. Related View this story in its original print layout Density has also been instrumental to the growth of ride-hailing and car-sharing companies. Most of them, including Uber and Lyft first gained their footing in smaller cities, then made New York their biggest market. Via, the on-demand ride-pooling service, launched here in 2013, is the exception: Its founders chose New York, figuring riders packed together on subways and buses wouldn’t need much persuading to share a car with strangers, especially when it cost just $5. article continues below advertisement App- based transportation startups have flocked t...