J.G. Petrucci Co. Inc. has expanded its industrial portfolio with the acquisition of two properties on Snowdrift Road in Upper Macungie Township.
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Construction & Real Estate
Property sites during the pandemic: ‘Tectonic shift’ to new virtual tools
Real estate marketplaces are recovering from the global pandemic, but some of its impact is permanent --- with online real estate shifting heavily to new digital and virtual tools, a new report from the AIM Group shows.
Read More »Owning a home more affordable than renting in nearly two thirds Of U.S. housing markets
ATTOM Data Solutions, has released its 2021 Rental Affordability Report, which shows that owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report. That has happened even though median home prices have increased more than average rents over ...
Read More »CBRE 1-78/I-81 Commercial Real Estate Report: ‘If you build it they will come’
Commercial real estate experts were expecting 2020s industrial development boom to continue, but Mike Hess, senior vice president of CBRE in the Harrisburg office said industrial development along the I-78/I-81 corridor was even stronger than expected during the first quarter of the year.
Read More »The where and the how of building warehouses
While many industries have suffered under the pandemic, the demand to develop warehouses and distribution centers has skyrocketed. The global supply chain has changed dramatically to accommodate shifts in consumer behavior.
Read More »Pa. remains among states with highest property tax rates in 2020; taxes on single family homes up 5.4% nationwide
Pennsylvania remained in the top 10 for highest effective property tax rate in the nation in 2020, according to a report from ATTOM Data Solutions, an Irvine-California-based property database.
Read More »Pennsylvania home prices up 16%
The Pennsylvania Association of Realtors reports that housing prices were up 16% in March compared to March of last year, mostly because housing stock was down 39% over March of last year.
Read More »Measuring the post-pandemic impact on warehousing and distribution
Certain COVID impacts, such as wearing masks, keeping a six-foot physical distance from others and remote learning, may be with us a while longer but on a temporary basis. However, the impact of COVID on warehousing and distribution is going to have long and lasting effects throughout the world.
Read More »One year later: U.S. housing market remains caught in a lopsided recovery
The U.S. housing market, buoyed by record low interest rates, remote work and Americans' desire for more space, outperformed much of the economy throughout 2020.
Read More »Nearly 40% of millennials are comfortable buying a house online
new Zillow survey1 finds the largest generation of first-time home buyers overwhelmingly want digital tools available during the home shopping process, and many are comfortable purchasing their biggest financial asset online.
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