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Pennsylvania Real Estate Industry News

Local real estate firms announce merger

04/18/2018 Local real estate firms Nancy J. Shattuck Real Estate of Warren, Pennsylvania and ERA Team VP Real Estate, headquartered in Chautauqua County with a location in Warren, have announced the merger of their operations. The combined firm will conduct business ...

Behold this lakeside medieval castle for sale in Pennsylvania

04/09/2018 MORE ODD NEWS Naked man apprehended on streets of Philly Buyer needed to save 'world's greatest miniature village' in Pennsylvania Police: Drunk driver hits parked cars, so drunk friend takes over, also hits cars According to a real estate listing on the ...

Loss of Bon-Ton will dramatically increase commercial real estate inventory

04/17/2018 Bon-Ton, based in York, Pennsylvania and Milwaukee, has not commented. Bon-Ton has a significant presence in Western New York, including anchor stores in Eastern Hills Mall, McKinley Mall in Hamburg, Southgate Plaza in West Seneca, the Summit in Niagara ...

Dormont-Brookline, PA Real Estate: Foreclosures

04/15/2018 Foreclosures listed for sale in and around Dormont-Brookline could provide opportunities to move into a home you couldn’t afford otherwise. Foreclosures for sale are still being listed regularly all across Pennsylvania, including in Dormont-Brookline.

Peters, PA Real Estate: Foreclosures

04/15/2018 Foreclosures listed for sale in and around Peters could provide opportunities to move into a home you couldn’t afford otherwise. Foreclosures for sale are still being listed regularly all across Pennsylvania, including in Peters. So where can you find ...

Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Vireo Health

04/09/2018 IIPR), the leading provider of creative real estate capital solutions to the medical-use cannabis industry, announced today that it closed on the acquisition of a property located at 2000 Rosanna Avenue in Scranton, Pennsylvania, which comprises ...

Bruce Fazio on "Real Estate Development Trends for 2018"

04/13/2018 Bruce Fazio originally published this article on his website. About The Author: Bruce Fazio is a real estate developer based in Collegeville, Pennsylvania. Over the course of his career, Fazio has been involved in nearly every aspect of the real estate ...

About 100 real estate agents to be based out of new regional support center

04/11/2018 A central Pennsylvania real estate company is consolidating three of its offices and has opened a new regional support center. Coldwell Banker Residential Brokerage is combining three York County offices. The company has closed offices in Penn Township ...

Bruce Fazio on "Biggest Challenges Real Estate Developers Face"

04/13/2018 About the Author: Bruce Fazio is a real estate developer based in Collegeville, Pennsylvania. Over the course of his career, Fazio has been involved in nearly every aspect of the real estate industry from construction to investment. As the founder of ...

Commercial real estate focuses on flex buildings

03/29/2018 As commercial real estate projects sprout around the Rochester area ... Back in 2015, the firm, which has offices in Pittsford and in Cranberry Township, Pennsylvania, began extensively renovating 140 Canal View Boulevard, Brighton, for UR Medicine.

Five minutes with Leonard Frenkil Jr. of WPM Real Estate Management

04/06/2018 ... real estate at WPM Real Estate Management, one of the largest residential property firms in the Mid-Atlantic, which develops and manages 19,000 residential units in the Baltimore region and southern Pennsylvania. The Baltimore native graduated from ...

'Control the controllables' and other things that helped this guy become one of Orlando's top industrial real estate agents

04/04/2018 The riskiest thing I’ve ever done in my career, and if it was worth it: The riskiest thing was leaving a thriving real estate appraisal company I founded in Pennsylvania in 1996 to move to Orlando and enter the uber-competitive world of commercial real ...

Annapolis Waterfront Hotel acquired by Pennsylvania investment firm for $41.5M

04/04/2018 Real estate investment firm Hersha Hospitality Trust has acquired ... The purchase of the 150-room hotel at 80 Compromise St. is the Harrisburg, Pennsylvania, company's first Maryland property, according to a portfolio listed on its website.

Real Estate Rallies, Still Ends Quarter Down Nearly 10%

03/30/2018 In other relevant real estate news, President Trump took aim at Amazon (AMZN ... Malls and net lease REITs were among the laggards including GGP, Pennsylvania REIT (PEI), Spirit (SRC), and VEREIT (VER). REITs are now lower by 9% YTD, underperforming ...

Erie ranks among healthiest housing markets

03/21/2018 "I think that has a lot of appeal." Dave Johnson, a veteran real estate agent with Weichert Realtors, the Pro Group, said he's not surprised to see Pennsylvania rise to the top based on comparatively low home prices. Johnson, who has been a Realtor for 21 ...

PREIT Is A Prime Time Takeover Target

03/29/2018 Founded in 1960 as Pennsylvania Real Estate Investment Trust (NYSE:PEI), the company merged with the Rubin Organization in 1997, and in 2003, it changed its strategic focus from a diversified model into a retail-focused platform and renamed the company PREIT.

Estate Planning for Millennials and the “Middle Class”

03/27/2018 For example, life insurance is not subject to Pennsylvania inheritance tax. In addition, real estate located outside of Pennsylvania is not subject to the tax and in certain cases agricultural use property is exempt from the tax. Providing for your ...

Pa. City Doesn’t Want Its Financial Independence Back

03/22/2018 Officials in Pennsylvania’s capital city ... Regardless, the law appears to have created something of a dependency for Harrisburg, where much of the real estate is either owned by the state or tax-exempt, and many of the workers are commuters who ...

Democrat's victory in Pennsylvania boosts party's hopes for Tiberi seat

03/15/2018 Republicans have yet to concede defeat in Pennsylvania. But in the aftermath of Lamb’s ... perennial candidate John Adams; real estate investor Jon Halverstadt of Worthington; conservative economist Tim Kane of Dublin; Patrick Manley of Columbus; and ...

Shifts in retail habits dent US real estate asset values

03/12/2018 Short demand for the top US retail Reits — real estate investment trusts that own retail properties — is more than 8 per cent, according to IHS Markit. In companies such as CBL & Associates, Pennsylvania Reit and Tanger Factory Outlet Centers ...

Liberty Property Trust Makes 2 Pennsylvania Sales For $107M

03/16/2018 Pennsylvania-based real estate investment trust. The REIT sold a 592,942-square-foot portfolio of properties in Wayne, King of Prussia and Malvern for $92 million and disposed of several additional properties in Malvern for $14.9 million. The latter ...

He's Philly's longest-serving member of the Pa. House Irish-American Caucus

03/16/2018 He lives in the same Hagert Street house he grew up in, which he says is in Kensington, Port Richmond, or Fishtown depending on which neighborhood is deemed to have the higher real estate value ... (Benjamin Franklin was Pennsylvania House speaker in ...

How Pa.'s 'distressed' program helps towns; and why it's hard to leave it

03/15/2018 Seventeen Pennsylvania municipalities ... Harrisburg is burdened by the fact that a majority of its real estate is owned by the state or is tax exempt. Most Act 47 communities share common problems: flat tax bases, creative bookkeeping to get by ...

Editorials From Around Pennsylvania

08/02/2017 But for Pennsylvania, and Lancaster County in particular ... Mayor Kenney wants to increase property taxes by 6 percent; raise the real estate transfer tax by 8.5 percent; and slow the minuscule cuts to the wage tax from 3.89 percent to 3.84 percent ...

Pennsylvania representative’s race hits home for Moulton

03/14/2018 “It’s very clear the people of Pennsylvania sent a signal they want change ... winning business reporter who has worked at Boston's major newspapers covering real estate trends such as the emergence of Assembly Square in Somerville and chronicling ...

GOP struggles to ignite Pennsylvania Trump voters in tight race

03/13/2018 His campaign has been endorsed by the Pennsylvania AFL-CIO, the mine workers’ union ... Saccone needs support from Trump voters like Judy Wilson. Wilson, a 74-year-old real estate agent from Robinson Township, said she likes Saccone because “he ...

Sheldon Adelson Sells Sands Bethlehem for $1.3B, Before Legal Online Poker Arrives in Pennsylvania

03/09/2018 The sale comes just months after Pennsylvania became the fourth American state to ... the Alabama tribe’s affiliate, to be the largest real estate sale in the history of Lehigh Valley. LVS stockholders on Friday saw an immediate 5 percent bounce on ...

This startup just raised $5 million to automate the clunky real estate appraisal process

03/08/2018 As a University of Pennsylvania undergrad, Meadows knew he wanted to get into real estate development and figured there was no better place to start than by doing appraisals, which is often a building block toward a career in lending or with a brokerage.

Pennsylvania Can Be Held Liable for Injuries Caused by Guardrail in Crash

03/08/2018 an invitee on Commonwealth real estate would expect a guardrail alongside the road to prevent or minimize harm, not to ‘spear’ her and cause ‘significantly more severe injuries,'” Pennsylvania Supreme Court Justice Christine Donohue wrote in the ...

Lebanon County real estate firm expands to West Shore

02/28/2018 As the housing market continues to heat up, a Lebanon County real estate company is expanding its office footprint in Central Pennsylvania. Iron Valley Real Estate said this week it has opened a new office at 395 St. John's Church Road in Hampden Township ...

Replace real estate taxes

02/21/2018 State Sen. Scott Wagner is running for governor of Pennsylvania on a platform that would eliminate the real estate tax, but he doesn’t say what tax he would use to replace that revenue. Perhaps a tax on garbage haulers should be considered. Republicans ...

Pa. voters - elect legislators and a governor committed to the elimination of unfair taxation | PennLive letters

02/24/2018 Real estate taxes are at least related to the physical size of ... their ability to pay taxes. Unfortunately, Pennsylvania will continue to have those taxes that are favorable to the rich at the expense of the working class and poor until voters elect ...

Regional Spotlight: Pennsylvania Homebuyers Finding Properties Rapidly

02/22/2018 Half of new Pennsylvania homebuyers are finding their home in less ... the time they began searching for a home until the transaction closed. “The current real estate market is creating some pressure on buyers to make an offer on a home more quickly ...

Proskauer Expands Private Equity and Real Estate Industry Offering

02/20/2018 “Their diverse experience representing private equity real estate and alternative asset funds ... and his B.A. from The Pennsylvania State University. He joins the Firm from Hogan Lovells. “Don and Al are extraordinarily talented lawyers with ...

Real Estate – February 16

02/15/2018 Jones to D & J Real Estate Properties LLC, 403 Pearl St., Fortville ... Myrtle Bray Revocable Living Trust to B & M Hancock Properties LLC, 510 S. Pennsylvania St., Greenfield, $25,000. Melva Smith, trustee of the Myrtle Bray Revocable Living Trust ...

Trading halt on Pennsylvania Real Estate Investment Trust

02/14/2018 Trading has been halted on Pennsylvania Real Estate Investment Trust (PEI-0.8%) on the New York Stock Exchange. The halt code indicates that news from the company is pending.

Is It Too Late To Buy Pennsylvania Real Estate Investment Trust (NYSE:PEI)?

02/14/2018 Pennsylvania Real Estate Investment Trust (NYSE:PEI), a reits company based in United States, received a lot of attention from a substantial price movement on the NYSE in the over the last few months, increasing to $12.47 at one point, and dropping to the ...

Laurus Corp sells Pennsylvania office building

02/08/2018 Laurus Corp, a private real estate investment and development firm, has sold the 501 Technology Drive building in Southpointe Business Park, Canonsburg, Pennsylvania. No financial terms were disclosed for the sale of the office building. PITTSBURGH ...

Laurus Corp. Affiliate Sells 100% Leased 501 Technology Building In Pittsburgh, PA

02/08/2018 PITTSBURGH, Feb. 8, 2018 /PRNewswire/ -- Laurus Corp., a US based private real estate investment and development firm, announced the sale of the 501 Technology Drive building in Southpointe Business Park, Canonsburg, Pennsylvania, achieving a 17.92% ...

New Pennsylvania Personal Income Tax Withholding Requirements

02/05/2018 New Rules for Lessees of Real Estate Every lessee of Pennsylvania real estate (other than a lessee of residential property) that makes a lease payment to a nonresident landlord, or an agent thereof, is required to withhold PIT at the rate of 3.07 percent ...