Spring 2018 Real Estate MattersHigh Associates Ltd
In This Issue
Market Fundamentals Remain Strong Across
Most Asset Classes; However, Potential
Headwinds Are on the Horizon Due to
Rising Interest Rates ..............................................1
President’s Message ...............................................2
SpringHill Suites Opens in
Update on The Crossings at Conestoga Creek .....3
New Clubhouse Caps Multi-Family Makeover .....4
Bridge to Opportunity ...........................................5
The Reserve at Greenfield Luxury Apartments ....6
Best Efforts – Reasonable Efforts: Does It Matter?High Associates Ltd
Almost all transaction documents have a provision or two requiring a party to exercise an effort to achieve an end. Sometimes the provision requires the party to exercise “best efforts” to do so. Sometimes the effort required is “reasonable efforts.” If the parties to the document are business entities, it is common to see the effort described as “commercially reasonable.” Are these efforts different? Is there an ascending level of these efforts? Does it matter which words are used to describe the efforts?more +
Greenfield Arch Bridge, Pittsburgh, Pa. (Photo / NSBA)
High Steel Structures LLC Recognized in National Bridge AwardsHigh Steel Structures LLC
Baltimore—The National Steel Bridge Alliance (NSBA), a division of the American Institute of Steel Construction (AISC) recognized Lancaster, Pa.-based High Steel Structures LLC as a winner in its Prize Bridge Awards. The awards were presented at the 2018 NASCC: The Steel Conference / World Steel Bridge Symposium, April 11-13 in Baltimore.more +
Rendering of Declaration House, a new community service hub coming to Denver, Pa. (Image / RLCS)
The S. Dale High Family Foundation contributes $100K to build community service hubHigh Companies
The S. Dale High Family Foundation has contributed $100,000 toward construction of Declaration House, the first social services center in Denver, Pa. Located at 240 Main St., the new facility will be the headquarters of REAL Life Community Services, a provider of faith-based youth mentoring, intervention, and other social services.more +
Students in the manufacturing program at LCCTC Willow Street (Photo / Richard Hertzler, LNP)
Employers are desperately seeking young, skilled workers, so why aren't more high school students attending the Lancaster County CTC?High Companies
Community and school leaders say there’s still not enough CTC students here to meet the demands of the job market. And they say educators, counselors and parents should focus on crafting a college or career plan that align with the needs of the local workforce.
“LCCTC, along with other targeted trade schools, are providing the level and types of education and training that are in demand for the businesses that we operate and other businesses in the county,” said Darryl Gordon, spokesman for High Companies.
Teachers try their hand at welding at High Steel Structures (Photo / Chris Knight, LNP)
School districts focus on high-demand jobsHigh Companies
Last year, high school teacher Jill Hackman spent a day getting her hands dirty.
"I was given the opportunity to pour and finish concrete and weld steel," says the co-op and internship coordinator at Garden Spot High School.
Hackman got that experience through the Rational Career Exploration Externship, organized through the Lancaster Chamber, Lancaster County STEM Alliance and High Companies.
Greg High, founder and president of GH Family Business Consulting Group (Photo / Richard Hertzler, LNP)
Sharing lessons learned about how to structure leadership of a family business [Q&A]High Companies
Over the past 26 years, Greg High has learned a lot about business in general and family business in particular.
On the business side of the family business — a family owned, Lancaster-based conglomerate named the High companies — he has leased out its apartments and marketed its steel fabricating business.
High has handled marketing, development, and acquisitions for its hotels, and served on its boards for over 20 years as well.
Bowers Center for Sports, Fitness and Well-being at Elizabethtown College (Rendering / CannonDesign)
High Construction Awarded $21M Contract for Elizabethtown College’s Bowers Center for Sports, Fitness and Well-beingHigh Construction Company
High Construction today announced that it received a $21M contract for Elizabethtown College’s new Bowers Center for Sports, Fitness and Well-being. The new facility will be located on the college’s campus, off East Cedar Street in Elizabethtown, Pa.more +
"Windsock" Wendy leads a school assembly
Kids wowed by “Crazy Chemistry” at elementary schoolsHigh Companies
The S.P.A.R.K.S. Foundation, a 501(c)(3) nonprofit, recently brought its Science Explorers “Crazy Chemistry” program to an elementary school in Lancaster, Pa. “Windsock” Wendy led a school assembly with dramatic experiments demonstrating physical and chemical reactions that brought to life the three states of matter. “Galaxy” Gray helped fourth-graders create colored styrofoam in an exothermic reaction they will remember for a long time to come.more +
J. Turner Research Report
Two High apartment communities are top-ranked by national research firmHigh Associates Ltd
Multi-family industry researcher J Turner Research recently awarded two High Associates Ltd. communities its top "Elite" ranking in its Online Reputation Assessment™ (ORA™). The independent firm selected 977 multi-family properties out of 71,000 assessed nationwide for the honor.more +
Check presentation at the new Greiner Center
High foundation awards $30K grant to new Thaddeus Stevens College of Technology campusHigh Companies
The S. Dale High Family Foundation contributed $30,000 toward power shear equipment for the new Thaddeus Stevens College of Technology Greiner Advanced Manufacturing Center under construction at 599 Chesapeake Street in Lancaster, Pa. The grant continues a tradition of support from the High Family and High Companies for the college and technical education in the Lancaster community.
PHOTO L-R: Deb Strubel, Director of Grants and Alex Munro, Executive Director, Foundation and Alumni Association, Thaddeus Stevens College of Technology; S. Dale High, Chairman; Suzanne High, Vice Chair; Robin Stauffer, Executive Director, The S. Dale High Family Foundation; and Darryl Gordon, High’s Vice President Human Resource Team / member of the College President’s Community Advisory Council; Zoann Parker, PhD., Vice President of Academic Affairs for the College.more +
Wegmans and multi-family construction progresses
The Crossings at Conestoga Creek progresses toward a fall opening [aerial video]High Construction Company
Construction of The Crossings at Conestoga Creek, a $120 million mixed-use development anchored by a Wegmans supermarket, continues to progress toward a fall opening.
This video taken by the project's general contractor, High Construction, shows what will be the Wegmans plus 20 to 25 other stores and restaurants, 258 upscale apartments and a 127-suite hotel, a Residence Inn by Marriott.
Wegmans said recently that it expects an "early fall" opening. Many of the other stores and restaurants will open about that time, Crossings developer High Real Estate Group has said.
Students in CAP Head Start classroom. (Photo / Dan Marschka, LNP)
High foundation awards $50K grant to new CAP of Lancaster County STEM pre-K classroomHigh Companies
In starting a classroom where prekindergarten students learn about science, technology, engineering and math, the Community Action Partnership of Lancaster County says it’s preparing for the workforce of the future.
With plans to open this fall, the classroom will join the 15 Head Start locations in Lancaster County that provide free, publicly funded, high-quality education to pre-K students from low-income families.
“This 21st-century classroom will employ an intergenerational approach to the reduction of poverty by improving student-parent prospects for the future,” said Jill Koser, CAP’s education and child development impact team leader.more +
Mark Fitzgerald, President and COO, High Real Estate Group LLC
Lancaster C&I Council: And the survey says—High Associates Ltd
"It's a good time to be a seller," said Mark Fitzgerald, President and COO of High Real Estate Group LLC, presenting to Lancaster's Commercial and Industrial Real Estate Council. With cap rates headed up, deals are getting done, but the time to act is now.
More than 120 professionals from throughout Lancaster County attended the 2018 event at the Lancaster County Convention Center, and were asked by High Associates Senior VP - Brokerage Services Linford Good to crowdsource their views on four key questions ....more +
Mayor Danene Sorace (Image / Andrew Forgotch, ABC27)
Southwest Lancaster to get major improvementsHigh Companies
From WHTM ABC27
A section of Lancaster affectionately called SOWE will start to see some huge changes.
Southwest Lancaster received $1.15 million from the Wells Fargo Regional Foundation and $600,000 from The S. Dale High Family Foundation.
“It’s really gratifying to see, like, this is what the neighborhood said that they wanted, they put together this plan, and then they got funding for it,” Mayor Danene Sorace said.more +
(Photo / K. Scott Kreider, LNP Correspondent)
Lancaster County students compete in STEM contests at technology conferenceHigh Steel Structures LLC
As wooden glider planes catapulted toward the ceiling of the school gymnasium, pairs of model dragster cars powered by carbon dioxide canisters raced along a double track nearby.
Across the gym, just past the balsa wood bridge models, a robot platypus came to life — its eyes glowing and tail and jaw moving.
Along the wall of the gym, a judge used a machine to test the weight-bearing properties of a couple dozen balsa-wood trusses.
These projects were part of the nearly 60 different competitions happening under one school roof Saturday as part of the Pennsylvania Technology Student Association’s annual Region 2 conference.more +
(Photo / John Beauge, PennLive)
First girders for Central Susquehanna Valley Thruway bridge due on site this weekHigh Steel Structures LLC
WINFIELD -- The first steel girders for the nearly mile-long bridge that will carry Central Susquehanna Valley Thruway over the West Branch of the Susquehanna River are due on site this week.
Erection of the girders, fabricated by High Steel Structures in Williamsport and Lancaster, is expected to begin late this week or early next, Jeremiah Gonzalo, the Pennsylvania Department of Transportation bridge project engineer, said Monday.more +
Available PropertiesHigh Associates Ltd more +
SpringHill Suites Allentown Celebrates Grand Opening & Ribbon CuttingHigh Hotels Ltd
Hotel Highlights Local Craft and Music with “The Art of Local” Theme
The newly opened SpringHill Suites by Marriott marked its official grand opening on February 8th with a ribbon-cutting ceremony followed by a reception, and led property tours to give those in the Allentown Bethlehem/Center Valley community a glimpse of what the new hotel has to offer.more +
Artist rendering of The Waterfront in Allentown (Rendering / contributed, LVBJ
Residential building among first for construction along The WaterfrontHigh Construction Company
From Lebanon Valley Business Journal
High Construction Company is making a bigger impact in the Lehigh Valley.
The developers behind The Waterfront, a massive development along the banks of the Lehigh River in Allentown, plan to start construction on the first building on July 1.