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Category: Real Estate

Real Estate

Carlisle factory rehab snares state funds

Officials in Cumberland County cleared a major hurdle yesterday in their efforts to redevelop a former factory at the edge of Carlisle.They were awarded more than $10.2 million from a state program designed to prepare former industrial sites for reuse.“We’re super excited,” said Andrew Notarfrancesco, chair of the Real Estate Collaborative, a subsidiary of the Cumberland Area […]

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Real Estate

York-area industrial property goes for $7M, gets new tenant

A York County industrial property is changing hands and changing occupants.West Shore developer Drew Bobincheck paid $7 million for a tract at 3490-3510 Board Road in Manchester Township that includes a roughly 143,700-square foot building, according to county deed records. It also includes two small rental homes.The seller was an entity affiliated with Cardinal Systems, a […]

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Real Estate

Authority eyes purchase of former Lancaster factory

The Lancaster City Revitalization & Improvement Zone Authority is putting together an offer to buy a former meat processing plant at 652 Manor St. and related office building at 655 Manor, according to Jeremy Young,  the authority’s acting managing director. The properties were home to Kunzler & Company but closed last year after the company was acquired by […]

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Real Estate

Former Harrisburg Catholic school slated for sheriff’s sale

A plan to open a farmer’s market at the former property of Bishop McDevitt High School in Harrisburg is going forward, even though there is now a foreclosure notice posted for the property, according to court records and the owner of the property.On March 19, a $2.2 million mortgage foreclosure notice was filed on the […]

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Real Estate

Regional retail portfolio on the block

A portfolio of 16 shopping centers across Central and eastern Pennsylvania is hitting the market.The centers, including some in Cumberland, Lebanon and York counties, are managed by Vastgood Properties LLC, a Port Washington, New York-based firm that owns them alongside other investors, according to Vastgood CEO Leo Ullman. Ullman referred questions about the sale listing to the broker, Chris […]

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Real Estate

Authority tees up potential golf course sale amid data center demand

A suburban Harrisburg golf course is the latest plot of land in the region to draw attention from developers of data centers, power-hungry computing facilities that are vital to the growth of artificial intelligence.Would-be buyers with data centers in mind have shown an appetite for the Dauphin Highlands golf course, according to Jeannette Krebs, spokesperson […]

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Real Estate

Industrial building sells for $9M

An industrial park in northern York County has attracted another out-of-state investor.An affiliate of New York-based real estate investment firm The Lightstone Group paid $9 million for an industrial building at 503-509 Industrial Drive in the Fairview Industrial Park in Fairview Township, according to county deed records. The seller was an affiliate of High Street Logistics Properties, a Boston-based […]

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Real Estate

As buying season nears, rates weigh on regional housing market

The residential real estate market is poised to enter the traditionally busy spring and summer season. But buyers in Central Pennsylvania are still waiting for interest rates to slide before making the move to a new home, according to local real estate agents and lenders.The hesitation is showing up in statistics showing homes sitting on […]

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Real Estate

Harrisburg-area mall up for sale again

The Colonial Park Mall, a suburban Harrisburg retail destination being eyed for redevelopment, is back on the market.The 31-acre mall property, which changed hands last fall at a price of $8.8 million, is listed for sale by R.J. Brunelli & Co., a real estate firm based in Old Bridge, New Jersey.“We’re currently marketing it to developers,” Mario Brunelli, an […]

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