The Most Comprehensive Source for Commercial Real Estate News in the Region 

Officials in Indiana County are lauding Urban Outfitters for its decision to build a 836,000 s/f fulfillment center, with some experts painting the retailer's $30 million investment as a watershed moment for economic development in the county. Located at the Windy Ridge Business & Technology Park in White Township, URBN will create 225 permanent jobs once the Philadelphia-based retailer's center is operational, an employment gain that the Indiana Gazette reported will repre

ALLEN TOWNSHIP, PA — Rockefeller Group, along with joint venture partner PCCP, LLC has broken ground on the first of a two-building 1.3-million s/f distribution center in Allen Township. Construction has commenced on the 1-million s/f building at Rockefeller Group Logistics Park, with construction for a second 290,788 s/f building expected to begin later this year. It is anticipated that both buildings will be completed by summer 2019. "Rockefeller Group is excited to begin

The PA I-78/I-81 Corridor faced supply constraints in 2015 and 2016. Pent-up demand continued to grow following the post-recession era and start of the e-commerce boom. Overwhelming demand led developers to break ground on speculative projects without hesitation. As of today, buildings constructed in 2015 and 2016 posted vacancy rates at 6.7% and 9.0%, respectively, compared to buildings that completed construction in 2017 and year-to-date 2018 where vacancy sat at 40.6% and

On Friday June 8th, Penn’s Northeast hosted the inaugural Northeastern Pennsylvania Real Estate Summit. The event was attended by nearly 200 business people, commercial realtors, developers, builders, and site selectors who shared their outlook on current and future real estate trends locally and nationally. Penn’s Northeast president/CEO John Augustine, welcomed the crowd and served as moderator for the various panels. The forum focused on commercial, industrial and office

From the moment the new Tax Cuts and Jobs Act (TCJA) passed, there was a flurry of questions about how the TCJA would affect owners of real estate. Signed into law late December, this legislation represents the first major tax reform in over three decades, and stands to impact virtually every US taxpayer. Bonus depreciation for 2017 was fixed at 50% under the PATH Act, and people are naturally excited about the TCJA boosting it to 100% for new and used assets with a deprec

​​Wyomissing, PA — NAI Keystone’s John Buccinno and Bryan Cole have executed the lease of a 146,324 s/f office space lease on 15 acres at the former VF Outlet in Wyomissing. The lease which has a total value of over $61 million was finalized the end of last year. READ MORE #RealEstate #CommercialRealEstate #NAIKeystone #MAREJournal #Pennsylvania

Lower Moreland Twp., PA — Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm represented Rhoads Industries, Inc. in the sale of their 84,132 s/f building plus 8,403 s/f satellite building situated on 7.0 acres located at 2375-79 Philmont Ave., Huntingdon Valley. The property was sold to Premier A-2 Huntingdon Valley PA LLC, who plans to develop the property as an ExtraSpace Storage location. ExtraSpace Storage is the second largest operator o

Mt. Lebanon, PA — Oxford Development Company, Green Development, and the Allegheny County Housing Authority broke ground on Dorchester of Mt. Lebanon, a 60-unit apartment community in the Mt. Lebanon neighborhood of Allegheny County. Located at 2903 Midland Ave., Mt. Lebanon, at the intersection of McNeilly Rd. and Midland Ave. Opening is anticipated for February 2019. The units are reserved for senior citizens age 62 and older. A market study of the area found a shortage of

Bethlehem, PA — Markward Group is pleased to announce the recent sale of a 1,207 s/f stand-alone former BB&T bank branch on 0.37 acres, located at 3933 Freemansburg Ave. in Bethlehem. Matt Macdonald, vice president of Markward Group represented the seller, BB&T bank, and the buyer Providence Real Estate Holding, LLC. READ MORE #RealEstate #CommercialRealEstate #MAREJournal #MarkwardGroup #Pennsylvania

PITTSBURGH, PA — Hillcrest Residences, developed and owned by The Community Builders, Inc.(TCB), a nonprofit developer of affordable and mixed-income housing is the largest confirmed Passive House Institute U.S. certified (PHIUS) development in North America, both by square footage and number of units. The new, energy-efficient senior housing development brings 66 high-quality, apartment homes and community space to Pittsburgh’s Carrick neighborhood.“It takes a remarkable tea

My first transaction in real estate started in August 1985, when I purchased a vacant uninhabitable building in the Bedford Stuyvesant section of Brooklyn, NY. Since then my moral compass has steered me towards activities that have a positive social impact. I converted the building as a home for the developmentally disabled, and leased the building to Independent Living Association, a not for profit that operates the facility. I still own that property today, having renewed a

York, PA — Kinsley Construction, Inc. has started construction on the OSS Orthopedic Clinic expansion on Powder Mill Rd. in York.The project includes a new, 6,000 s/f medical office addition to be built over the existing orthopedic clinic and a new parking deck accessible from Powder Mill Road. Features of the project include:• Exam rooms• X-ray labs• Nurse station and check-in • Lecture room • 74 additional parking spaces “We are excited to deliver this addition and new park

On April 9, 2018 the City of Altoona realized its largest capital investment for a single building project ever in the Altoona Area School District (AASD) Board’s approval of an $88 million new state-of-the-art school building. Most importantly, they shouted to our mountain tops that we are “all in” on our community’s future success, competitiveness, the smarts and hearts for generations of our kids, and our ability to attract new business investment, and talent. Their decisi

Focus Central Pennsylvania is a regional organization providing confidential, professional and responsive support services to companies searching for investment locations in the northeast United States. Focus proudly promotes the beautiful river valleys in the north central part of Pennsylvania as a choice location for corporate investment. The Focus Central Pennsylvania region is home to many successful companies small and large, with a strong manufacturing history and suppo

We interviewed Greg High, a 3rd generation owner of Lancaster, PA based High Properties and founder and president of GH Family Business Consulting Group, LLC.What have been your various roles with the High companies over the past 25 years? My experience started in high school with grounds maintenance at our Greenfield Corporate Center, then progressed to accounting, hotel management, apartment leasing, marketing (for our steel and hotel divisions), development and acquisition

State College, PA — The Keystone Contractors Association recently awarded Alexander Building Construction Co. senior project manager, Mike Sgriccia, with the inaugural KCA Top Young Leader Award. This award is bestowed upon emerging professionals from member companies who play critical roles in the community and professional areas of the construction industry. The announcement was made at an event Wednesday night at the Toftrees Club. In the ten years Sgriccia has been with

Philadelphia, PA — Walker & Dunlop, Inc. has hired a new debt financing team in Philadelphia. This addition to the firm’s Capital Markets group enables Walker & Dunlop to continue expanding its geographic footprint in the Northeast and Mid-Atlantic regions. The team is led by experienced professionals John Banas and Kristopher Wood, who both join Walker & Dunlop as senior VPs and managing directors. Additional team members include vice president Chad Levitt, assistant vice p

Pittston, PA — Jeffrey Box, president & CEO of the Northeastern Pennsylvania Alliance (NEPA Alliance) announced that Athena Aardweg has joined the staff as a community & economic development specialist. In this role, Aardweg will provide support to our Nonprofit & Community Assistance Center and the NEPA Grantmakers Forum. Athena provides capacity building resources and services to nonprofit organizations and grantmakers assisting them in fulfilling their missions. Athena coo

Philadelphia, PA — Recently ago 175 principals, directors and managers from over 70 NAI Global offices worldwide gathered in Philadelphia to network, share best practices, hear from the president of the firm on the company’s growth and business plans, and learn from some of the brightest minds in business and real estate over the course of a two-and-one-half day conference. The Summit was held at the Hyatt Bellevue on South Broad. After opening remarks from NAI Global presid

Blue Bell, PA — KW Commercial announced Matt Devine as managing director on its Mid-Atlantic team.Devine specializes in tenant and landlord representation for office real estate. Along with his natural leadership abilities, he will significantly reinforce KW Commercial’s standards of excellence. In addition, he is known to create value by ensuring all options are presented to his clients. His high standards of customer service ensure clients always come first. “I am pleased t