Real estate notes
By Sam Spatter
Published: Saturday, December 15, 2012, 8:54 p.m.
Updated: Tuesday, February 19, 2013
• Six SeniorCare Network facilities in Southwest Pennsylvania received a superior rating on a management and operating review at the Professional Affordable Housing Management Association Conference at Seven Springs. Also, 17 communities in the network, Presbyterian SeniorCare's property management affiliate, received a 90 percent or better rating in physical inspections and were placed on the Real Estate Assessment Center Honor Roll.
• The three-story building at 601 McKean Ave., Charleroi, which contains the Rego bar/restaurant and a 32-room hotel has been sold to Eric and Evonne Henderson for $200,000. Rego's dining room seats 80, and a private dining room seats 16, said Elisa Ciotti of the Bob Moncavage Team at Priority Realty, who handled the sale. Sellers were Orlando L. Lorraine and Nino Giorgi, through the Giorgi Family Trust in Charleroi. The buyers plan to continue the restaurant and renovate the hotel, Ciotti said.
• Interest rates on several Pennsylvania Industrial Development Authority Machinery and Equipment Loan funds have been reduced through March 31 from 2.75 percent to 1.5 percent. The state Department of Community and Economic Development will not charge commitment fees through March 31.
• Fannie Mae, a national provider of mortgage credit, will suspend evictions of foreclosed single-family and 2-4 unit properties from Wednesday through Jan. 2. Although legal and administrative proceedings may continue, families living in foreclosed properties will be allowed to remain in the home during this period.
• Brooks Brothers will remain Downtown at 600 Smithfield St. through 2019, said Michael Lock of McKnight Management Co. Brooks Brothers, a men's and women's apparel store, extended its lease for five years.
• MedExpress Urgent Care has opened at 3024 Washington Pike, Bridgeville; it is the 50th center in Pennsylvania.
• Purchase of The Waterfront in Homestead, Munhall and West Homestead by M&J Wilkow of Chicago and BIG Shopping Center USA of Los Angeles was financed in part through an $81 million loan arranged by Holliday Fenoglio Fowler of Pittsburgh.
• Cris and Cindy Murphy, owners of Win Home Inspection Murrysville, opened a second location at 3000 Village Run Rd., Unit 103, North Hills. The company performs home inspections, pest inspections, radon testing and well testing.
• Massage Envy has opened its sixth location in the Pittsburgh area, at Settlers Ridge, Robinson.
• Burns & Scalo Roofing's MasterKey, a cloud-based online customer portal, provides information to a building owner about the condition of its roof. The owner can view inspection reports, dispatch a crew to stop a leak and see progress updates.
• Owners of manufactured (or mobile) homes will have added protection against potential foreclosures by community owners. Under a bill signed by Gov. Tom Corbett, community owners must provide residents with notice of a closure within 60 days of deciding to close the community. Residents will have up to 180 days to move before the community is closed. Community owners must provide relocation expenses.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or email@example.com.
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