Adam Maust poured millions of dollars over the last four years into the Atlas Building, an edifice in Uptown Harrisburg that had fallen into disrepair
The founders of Inch & Co. are looking to raise $20 million from investors interested in backing the York-area company’s forays in multifamily housing. For the last 15 years, the company has leaned on its own resources, buttressed by capital from friends and family, said Jeff Inch, a co-founder and co-owner of Inch & Co. “Now […]
A new twist is complicating the bankruptcy case of Uptown Partners LP, the Maryland-based owner of Governor’s Square apartment complex in Uptown Harrisburg. The company managing the affordable-housing complex, Landex Management LLC, is asking the court to void its contract with Uptown Partners, arguing that the owner is not providing enough resources to manage the beleaguered property […]
A buyer with a growing portfolio of Pennsylvania shopping centers has added another one. A partnership led by Leo Ullman of New York-based retail developer Vastgood Properties paid $6.63 million at the end of April for Shippensburg Marketplace, according to Brad Rohrbaugh, executive vice president and retail director for York-based Bennett Williams Commercial. Rohrbaugh and […]
The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack. Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger. The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018. But […]
When Penn Center Harrisburg hit the market in summer 2022, the asking price for the three-building complex was $22 million. The half-vacant property in the 2600 block of North Third Street ended up selling for $1.45 million late last month following the bankruptcy of its owner, Penn Center Harrisburg LP. The buyer is an affiliate of Pennmark, […]
Over the last few weeks, real estate agents have begun bracing for the end of a common practice in home sales. It’s not the 6% commission, which agents argue is something of a misconception. It is the ability to signal that a homebuyer’s agent will be paid from the proceeds of a sale along with […]
It could be another four weeks before a bankruptcy court decides the fate of the beleaguered Governor’s Square apartment complex in uptown Harrisburg. The court had been scheduled to hold a hearing April 2 on a proposed sale of the 222-unit complex But the hearing has now been moved to April 30 at the request of the […]
A regional nonprofit is poised to spin off its senior-living operations to a larger peer based in Missouri. Topton-based Diakon, which has a finance and support center in Middletown, has agreed to merge its senior-living subsidiary into St. Louis-based Lutheran Senior Services. Terms of the transaction, expected to close this summer, were not disclosed. “This was a […]
About a dozen years ago, several members of East Chestnut Street Mennonite Church in Lancaster banded together to start a nonprofit focused on creating affordable housing, with a focus on people experiencing homelessness. Their first project was the purchase and conversion of a single-family home at 639 E. Chestnut St. Over the next decade, the […]