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The company was founded in 1950 as Crown Construction.Frank J. Pasquerilla, who joined less than a year later, became president in 1956 and sole owner in 1961. The company's name was changed to Crown American in 1972 and in 1979, it acquired the Hess's department store chain.
Altoona (/ æ l ˈ t uː n ə / al-TOO-nə) [9] is a city in Blair County, Pennsylvania, United States.The population was 43,963 at the time of the 2020 census. [10] It is the principal city of the Altoona metropolitan area, which includes all of Blair County and was recorded as having a population of 122,823.
The John Hill House is an historic American home that is located in Erie, Erie County, Pennsylvania. Located in the West Sixth Street Historic District , it was added to the National Register of Historic Places in 1979.
Alfred F. Corbo – a Pittsburgh associate overseeing large scale gambling operations in Wheeling, WV and Altoona, PA. [16] Frank Unis Jr. – a Pittsburgh associate with ties to the Gambino LCN family in New York. [16] Unis was charged by federal authorities with running a $500,000 per week bookmaking operation. [83] [84]
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 ...
[4] [5] The company also was involved in real estate. As the Great Depression deepened, the real-estate subsidiary accumulated huge losses, so in September 1932 the holding company declared bankruptcy. Before its bankruptcy, it had 975 cigar stores and 219 drug stores, but most of its assets were in real estate. [6]