An undisclosed investor paid $15 million for the approximately 120,000-square-foot retail/office building at 6295 Allentown Blvd., Lower Paxton Township.
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Pa. Housing prices drop, sales still down
The Pennsylvania Association of Realtors reports that the median existing home sales price of homes sold dropped 11% from the previous month to $193,792 in December, which is nearly the same as it was a year ago.
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Rhoads Hallmark & Gift Shop closes, toy store to move in
Rhoads Hallmark & Gift Shop in Hummelstown, owned by Dave and Jeanne Lutz for 49 years, has closed.
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People are holding on to homes with low interest rates, slowing market
As interest rates rise, people holding low interest mortgages are staying put, reducing inventory and slowing the market.
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$16M in Q4 sales, Rock Commercial Real Estate reports
Rock Commercial Real Estate, with offices in York and Lancaster, reported $16 million in sales transactions and 435,234 square feet in lease transactions in the fourth quarter of 2022.
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IRE names president and COO of IREGC
York-based Investment Real Estate, LLC (IRE) named Christopher Riley as president and COO of the Investment Real Estate Group of Companies (IREGC), effective Oct. 17, 2022.
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HDC MidAtlantic names COO
LANCASTER-based HDC MidAtlantic (HDC) has promoted Tammie Fitzpatrick to chief operating officer.
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Median rents in central Pa. near 30% threshold
The good news: In central Pennsylvania, the median renter is not yet cost burdened when it comes to housing costs, as defined by the latest census data.
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Rising mortgage rates cut into housing affordability
Home sales have slowed considerably in central Pennsylvania as mortgage interest rates that are much higher than a year ago eat into housing affordability.
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Office, retail sectors in Lancaster’s commercial RE market surprisingly busy
While industrial sales volume has fallen to pre-pandemic levels in the Lancaster County commercial real estate market, office and retail activity are surprisingly strong.
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Commercial real estate market still busy in York County
The York County commercial real estate market showed signs of strong activity in the third quarter, although the once-frenetic pace has cooled.
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Shepherdstown Crossing brings apartments, restaurants to Upper Allen Township
Moving forward on several fronts, the mixed-use Shepherdstown Crossing development is taking shape in Cumberland County’s Upper Allen Township.
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Harrisburg property to be converted from commercial to residential
Formerly a mixed-use building and the home of the popular Capital Joe Coffee shop, the 3,728-square foot property at 416-418 Foster St. in Harrisburg will be converted into a single-family home. Chris Wilsbach of NAI CIR represented the seller in the transaction.
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Self-storage real estate firm relocates to downtown York
The Investment Real Estate Group of Companies, a full-service, self-storage real estate firm based in York, announced the move to its new headquarters at 320 N. George St. in downtown York.
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High Pointe Commons adds Fleet Feet franchise, reups Christmas Tree Shops
Commercial real estate services firm Levin Management Corp. announced a pair of transactions at High Pointe Commons, a 325,000-square-foot regional shopping center in Swatara Township.
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