PSECU is seeking permission to relocate its branch in Strawberry Square in downtown Harrisburg to a former FNB branch at 1249 Market St. in Lemoyne, according to a
A Massachusetts-based developer is acquiring the Colonial Park Mall, an aging retail complex that local officials hope to see rejuvenated.A partnership headed by the developer, Zi Qian “John” Zhang, paid nearly $8.8 million for the mall, which is at 4600 Jonestown Road in Lower Paxton Township, according to county deed records.Zhang is still working on […]
A Cumberland County agency has taken another step toward the purchase of a Carlisle factory that shut down last year.The Real Estate Collaborative LLC, a subsidiary of the Cumberland Area Economic Development Corp., has struck a tentative agreement to buy the Frog, Switch & Manufacturing Co. site at 600 E. High St. in the Cumberland County borough.No price was […]
Regional real estate firm Berkshire Hathaway HomeServices Homesale Realty has scooped up Sailhamer Realty, an eight-person firm in Shippensburg. Terms of the transaction were not disclosed.Sailhamer was headed by John Dyson, a son-in-law of the firm’s original founders.The firm’s Shippensburg office will close, and Dyson and the rest of the Sailhamer team will work out of Berkshire’s […]
The city of Harrisburg is asking a federal court to dismiss the bankruptcy case of Uptown Partners LP, the Maryland-based owner of the Governor’s Square apartment complex in uptown HarrisburgIn a filing last month, the city argues that the deteriorating apartment complex is “unlikely” to find a buyer and that state court would be a better […]
In one of the largest commercial deals in the region this year, a real estate investment trust paid $170.5 million for a 1.2 million square-foot warehouse in the Middletown area.The warehouse is at 3327 E. Harrisburg Pike in Londonderry Township.The buyer is affiliated with Radnor-based advisory EQT Exeter. The seller was an affiliate of Atlanta-based warehouse […]
A New York City investor has acquired a former law office on North Front Street in Harrisburg and plans to convert the former mansion into an eight-unit apartment building to be called Front Street Lofts.The investor, a family office called Generational Wealth Organization that also has a presence in California, paid $633,000 for the building.It had been […]
Business owner Jared Mizrahi is planning a $5 million makeover of a mixed-use property in downtown Lancaster.He just needs to finalize the financing.A big piece came through last month in the form of a low-interest $1.4 million loan from the state’s Building Pennsylvania program, arranged by Lancaster-based EDC Finance.Mizrahi said he is hoping to close soon on […]
The site of a future Sheetz store in York County sold at the end of July for a price of just over $3.8 million.The seller of the roughly 3.3-acre property at 4044 N. George St. was Molt LLC, a partnership headed by York-area restaurateur and real estate investor Themi Sacarellos, according to county deed records. The buyer was […]
Harrisburg officials are allegedly hindering the sale of a beleaguered apartment complex in the city’s uptown neighborhood, according to claims raised in federal bankruptcy court by the complex’s owner, Uptown Partners LP. At issue is a list of roughly 600 crucial code violations at the affordable-housing complex, known as Governor’s SquareCity officials have not shared the list […]
Central PA’s Source for Business News Online.