Mounds of dirt, weeds and sealed wires sprouting from the ground surround the plywood-covered framework of a few would-be townhouses the sour economy left behind on this Midtown Harrisburg block.Read More »
I worry about the state of our building industry. Our buildings account for 40 percent of the nation's energy use, yet we don't have a strong standard for measuring and, consequently, improving performance. Despite studies indicating great potential for reducing our buildings' collective appetite for a volatile energy supply, the LEED rating system has proven more publicity stunt than reliable energy saver. It's time for serious energy performance metrics.Read More »
The past few months have been busy ones for Housing Development Corporation. MidAtlantic, bringing a major expansion and a name change to the 40-year-old Lancaster nonprofit.
The group, commonly known as HDC, employs 130 people and it owns and manages roughly 3,000 affordable rental-housing units in 11 Pennsylvania counties.
A major part of that tally, as well as geographic reach, is thanks to a February deal HDC made with Pasadena, Calif-based Everest Properties.
The federal trial for David Dodd, the developer of the failed Capitol View Commerce Center in Harrisburg, has been continued for a third time, said Heidi Havens, a spokeswoman for the U.S. Attorney's Office.Read More »
I was having lunch with a Pennsylvania state representative last week, and he asked me, "What can the legislature do to help residential real estate?"Read More »
The economy's growth continues to be "sub-par" because of large companies sitting on profits, small businesses and construction firms failing to get loans and extremely tight mortgage underwriting practices, a national real estate official told York County business leaders.Read More »
The speed of Fulton Financial Corp.'s redevelopment of a half-acre of downtown Lancaster property will be determined by how quickly the economy improves, the Lancaster-based financial firm said.
Fulton, parent company of Fulton Bank, purchased a building and adjoining parking lot on East King Street last year.
Interest rates on commercial loans are expected to increase as early as next year, and that has motivated developers to move forward with projects and made other property owners put their buildings on the sales market, regional commercial real estate agents said.
Some developers have waited for the economy to improve to develop projects, said Drew Bobincheck, an agent with Landmark Commercial Realty Inc./Oncor International, based in East Pennsboro Township.