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On February 10, 2023, the Pennsylvania Commonwealth Court issued four separate but related opinions denying property tax exemptions for four hospitals that had been purchased by the Tower Health system. [1] In each case, the court determined that the owner of the hospital did not qualify as an...

Commercial Real Estate Sellers Are Feeling the Pressure of Rising Interest Rates Some deals are falling through because the cost of borrowing is making some projects economically unfeasible. As interest rates continue to skyrocket, that’s putting pressure on sellers of commercial real estate...

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