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Reading (/ ˈ r ɛ d ɪ ŋ / RED-ing; Pennsylvania German: Reddin) is a city in and the county seat of Berks County, Pennsylvania, United States.The city had a population of 95,112 at the 2020 census and is the fourth-most populous city in Pennsylvania after Philadelphia, Pittsburgh, and Allentown.
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The Reading Railroad Company filed for bankruptcy in 1971, and ceased to function as a railroad business in 1976. The company continued to serve mainly as a real estate business, but paid little attention to managing and promoting the market, and pondered ways to get rid of the market so that it would be easier to sell the terminal building. [4]
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
The company was founded by Sylvan M. Cohen (1914-2001) in 1960 following the passage of the Real Estate Investment Trust Act, which allowed real estate trusts to access money from public investment. [1] [2] In 1997, the company acquired The Rubin Organization for $260 million, and founder and chief executive officer Ronald Rubin became CEO of ...
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