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Category: Real Estate

Construction

Mixed-use project is ‘first phase of final phase’ for York tract

Officials in York have toiled for more than two decades to bring development to the Northwest Triangle, a former industrial tract along the Codorus Creek in the city’s northwest corner.They filled in pieces here and there over the years. On Oct. 10, they celebrated what is likely to be the final piece: a mixed-use project […]

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Real Estate

Developer sketching in plans for 476-acre Lanco tract

High Associates is starting to sketch in its plans for a 476-acre tract bordering the headquarters of Armstrong World Industries in Manor Township, Lancaster County.The plans, which could change with market conditions, call for a flexible mix of single-family homes, apartment buildings, retail space, industrial space and green space, according to Ken Hornbeck, senior vice president of development […]

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Legal

Court docs disclose $2.8M offer for bankrupt winery

A potential deal is on the table for Spring Gate Winery in suburban Harrisburg.A buyer named Nitin Patel has offered $2.8 million for the winery, whose parent company filed for Chapter 11 bankruptcy protection in May, according to court records. The offer sets a floor for other potential bidders in a bankruptcy auction slated to unfold this month, pending […]

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Real Estate

Discount retailer buys former Big Lots leases

Ollie’s Bargain Outlet Holdings is scooping up leases for seven former locations of its bankrupt rival, Big Lots. The stores include one each in Georgia, Illinois and Louisiana and four in Wisconsin, according to court documents. The price is about $620,000, subject to potential adjustments by the landlords.“These stores are the right size, located in good […]

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Banking/Finance

Credit union to move Harrisburg branch to West Shore

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 filing by the Department of Banking and Securities.The Harrisburg-based credit union picked the West Shore location, in part, because it is more accessible and convenient, said Adam Stewart, the credit union’s […]

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Real Estate

Harrisburg-area mall sold for $8.8M

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 […]

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Real Estate

Agency in deal to buy former Carlisle factory

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 […]

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Real Estate

Regional real estate player buys Shippensburg firm

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 […]

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Legal

Harrisburg seeks dismissal of apartment owner’s bankruptcy case  

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 […]

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