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Real estate

May 3, 2011

Property appraisals ain’t what they used to be

Due to federal regulatory changes and back-end activities by large lenders, the appraisal industry has fundamentally changed, and the effects can have far-reaching consequences.

Apr 29, 2011

Lancaster housing group expands

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 [...]

Apr 29, 2011

Boomer effect

Members of America's largest generation, the baby boomers, are about to butt heads with their children, known as Generation Y or the millennials. Now that the latter is grown, it has nothing to do with family arguments about curfews or video games.

Apr 29, 2011

On the Move

REAL ESTATE NEWS: Openings, contracts, transactions, relocations

Apr 29, 2011

The silent majority in commercial buildings

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 ene[...]

Apr 27, 2011

Capitol View developer gets third trial continuance

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.

Apr 27, 2011

GreenWorks looks to move to Midtown Harrisburg

GreenWorks Develoment plans to sell its headquarters building on Front Street in Harrisburg and move to Midtown, where it is leading a redevelopment wave.

Apr 26, 2011

Government intervention does not drive real estate – economic growth does

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?"

Apr 26, 2011

NAR chief economist: Problems persist for housing market

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.

Apr 22, 2011

Watching for revival

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.

Apr 22, 2011

Agents: Rates trigger commercial relocations

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 R[...]

Apr 22, 2011

On the Move

REAL ESTATE NEWS: Openings, contracts, transactions, relocations