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US hotel development on the decline
While the number of U.S. hotels under construction was up nearly 13 percent in July compared with the same year-ago month, projects in the pipeline have fallen off, according to London-based STR Global, a leading provider of worldwide hotel market data.
Hersha acquires remaining stake in New Jersey hotel
Hersha Hospitality Trust has purchased the remaining 50 percent interest in a 130-room Courtyard by Marriott in the Ewing submarket of Princeton, N.J., for the assumption of debt and “nominal cash consideration,” the company said.
Cumberland refocuses brownfield list on complex sites
Cumberland County officials and business groups are looking more closely at vacant industrial and commercial sites for strategies to redevelop such brownfields, but some officials say that effort needs a finer focus on properties even the private sector is having trouble with.
Report: Completed foreclosures on the decline
Across the country, there were 60,000 completed foreclosures in June compared with 80,000 in the same month of 2011, according to California-based real estate research firm CoreLogic.
BGC acquires Grubb & Ellis, forms Newmark Grubb Knight Frank
Grubb & Ellis Co., a large commercial real estate firm that served the midstate, has been acquired by the global brokerage BGC Partners Inc. and merged into Newmark Grubb Knight Frank.
Vartan Group’s 1500 Project set to open in Midtown Harrisburg
An official ribbon-cutting ceremony and tour of the 1500 Project in Midtown Harrisburg has been scheduled for 11 a.m. Aug. 23.
Pa. among leaders in foreclosure starts
While the number of foreclosure filings — default notices, scheduled auctions and bank repossessions — decreased by 3 percent in July compared to June, the number of U.S. foreclosure starts in July increased for a third straight month, according to RealtyTrac.
Showing etiquette – Yes, I mean toilets
I wrote a piece a long time ago on another blog about the subject of “showing etiquette” for buyer agents and their pesky customers.
Don’t miss Top 100 2012!
Central Pennsylvania's companies set out in 2011 going for gold, and many of these economic athletes shattered the records.
York, Adams July homes sales up, median prices down
The numbers of homes sold in York and Adams counties last month increased compared with the same periods in 2011, but the median sales prices went down in both counties, according to the Realtors Association of York & Adams Counties Inc.
