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Category: Real Estate

Real Estate

Downtown York apartments change hands

A former tobacco warehouse-turned-high-end apartment building in York City has sold for $3.7 million.The price for the 18-unit building, known as Courthouse Commons, works out

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Real Estate

Partners form $30M real estate fund

Capital-area developer Drew Bobincheck believes 2025 is going to be a good year for real estate investing.And he’s hoping to convince others to join him for the ride.He and three partners have launched a real estate fund called Opes Capital that they are opening to outside investors. They want to raise $30 million and then invest in retail […]

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Construction

Warehouse-ready tracts in Harrisburg area change hands

Following a legal battle with local officials, San Francisco-based developer Prologis is taking the next step in its efforts to build a warehouse in suburban Harrisburg.The company shelled out $24.25 million for two tracts off Linglestown Road in West Hanover Township where it plans to erect the 1.1 million square-foot building, according to county deed records.One tract […]

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Construction

Apartment-ready tract near E-town fetches $8.7M

One of the nation’s largest apartment operators has scooped up a development-ready tract in northwestern Lancaster County.An affiliate of Greystar paid nearly $8.7 million for the tract, which is poised to house an 11-building, 280-unit apartment complex, according to county deed records.The seller was 1376 Campus Road Associates LLC, an affiliate of Catalyst Commercial Development, a West Conshohocken-based developer that […]

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Real Estate

Former West Shore factory sold to York firm

After closing last year, a former West Shore factory for The AMES Companies has been sold.An affiliate of York-based Kinsley Properties paid $18 million for the plant at 465 Railroad Ave. in Hampden Township, according to Gerry Blinebury, a broker with real estate firm Cushman & Wakefield. Cushman & Wakefield is listing the 397,000 square-foot building for lease on behalf of Kinsley Properties, […]

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Real Estate

Deal ends foreclosure threat dogging former Harrisburg school

A foreclosure case hanging over the former Bishop McDevitt High School in Harrisburg appears to have ended. The case in Dauphin County court pitted the building’s owner, William Penn Holding Inc., against private lenders seeking to collect on their debt.Jeremy Hunter, William Penn’s owner, confirmed an agreement was reached, but he declined to share the details.A resolution […]

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Real Estate

Developer eyes multibillion-dollar data center campus near Carlisle

Central Pennsylvania is home to big buildings that store stuff. A Virginia-based company is eyeing construction of big buildings that store data, reflecting a national race to boost data center capacity.PowerHouse Data Centers, an arm of Virginia-based American Real Estate Partners, has been discussing a potential multibillion-dollar data center development on a 700-acre tract in Middlesex […]

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Real Estate

Logistics startup lands in York County

Warehouses in Central Pennsylvania often sport household names like Amazon and Chewy, or the logos of logistics giants like XPO, UPS and FedEx.A new player is muscling in.Toronto-based Shipfusion is leasing a 350,000 square-foot warehouse in the newly developed Core5 Logistics Center at Codorus Creek on the site of a former quarry straddling Manchester and East Manchester townships in York County.The space complements existing […]

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Real Estate

Former West Shore law office sold

The former Camp Hill office of Reager and Adler law firm was sold for $1.7 million to Community Options, a Princeton, New Jersey-based nonprofit that provides housing and job opportunities to people with disabilities, according to Bill Rothman, founder of Lemoyne-based RSR Realtors. Rothman represented the seller, the estate of the late attorney David Reager. Community Options has an existing office […]

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Legal

Court OK sought for bankruptcy sale of Harrisburg-area winery

The bankrupt owner of Spring Gate Winery in suburban Harrisburg is seeking court permission for a sale of the winery and some of its assets, including its beer and wine licenses.According to court filings this week, Schoffstall Farm LLC is asking for approval of a sale to Nitin Patel, who would pay $2.85 million for the winery.The winery entertained […]

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