Real Estate
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Vanguard Ditches Malvern Office Lease, Cutting Building Occupancy to 36 Percent
Vanguard is walking away from 87,600 square feet of office space in Malvern, a move that will send one building’s occupancy from 100 percent to 36 percent, reports Paul Schwedelson for the Philadelphia Business Journal. The investment giant’s lease at 45 Liberty Blvd. in the Great Valley Corporate Center expires at the end of June, and Vanguard informed landlord FLD Group that it won’t…
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You’ll Need a $200,000 Salary to Afford These Delaware County Homes
To buy median-priced Delaware County homes in these two ZIP Codes, you’re going to need an annual salary of $200,000, writes Joanne Drilling and Ryan Mulligan for Philadelphia Business Journal. That’s despite a recent drop in mortgage rates. There are nine ZIP codes in the Philadelphia metro area requiring at least $200,000, according to a…
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D.R. Horton Eyes 130-Acre Honey Brook Site, Local Speedway for New 170-Home Community
One of the nation’s largest homebuilders has its sights set on rural Chester County, and its plans include saving a local speedway in the process, writes Ryan Mulligan for the Philadelphia Business Journal. D.R. Horton is proposing a 170-home development on 130 acres next to the Honey Brook Speedway. The planned community, called Arbor’s Glen, would feature 85 duplex buildings and public amenities. In atypical fashion for the company, D.R. Horton…
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Embassy Suites Near Philadelphia Airport Listed for Sale As Investors Eye 2026 Event Boom
A well-known all-suite hotel steps from Philadelphia International Airport has hit the market, and the timing is no coincidence. The Embassy Suites by Hilton Philadelphia Airport, a 263-room property at 9000 Bartram Ave., is being offered for sale as investors look to cash in on what could be one of the most lucrative stretches in…
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263-Room Philadelphia Airport Hotel for Sale: Embassy Suites Lists at $40M Appraisal
A familiar name near Philadelphia International Airport could soon be under new ownership. The 263-room Embassy Suites by Hilton Philadelphia Airport at 9000 Bartram Ave. has been put up for sale by Dallas-based Ashford Hospitality Trust, a move that would mark the company’s exit from the Greater Philadelphia market, according to Emma Dooling of the…
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Why Markets Like King of Prussia Are Winning: A CEO’s Guide to Location Strategy
CEOs today are navigating a moment defined by competing pressures – remote work, hybrid expectations and a narrow talent market. Many are sitting on large footprints of underutilized office space – an issue playing out across the country – while simultaneously trying to position themselves near the workforce they need to stay competitive. Today’s leaders…
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The Generational Homeownership Divide: Why Millennials and Gen Z Are Still Locked Out
The American dream of homeownership looks very different depending on when you were born, and new data lays bare just how stark that divide has become, writes Sami Sparber for Axios. Baby Boomers are sitting on a mountain of real estate compared to younger generations. A Redfin analysis of 2024 census data found that boomer…
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Family Finds Modern Comfort in Haverford Home That George Washington Visited
Caroline and Brian Linz and their four sons may live in Whitby Hall, an 18th century stone Georgian house on the Haverford Heritage Trail, but that doesn’t mean they can’t have a warm space to call their own, writes Terri Akman for The Philadelphia Inquirer. The Linzes live in a home that dates back to…
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From Dead Mall to Town Center: The Plan to Reimagine Neshaminy Mall in Bensalem
For generations of Bucks County residents, Neshaminy Mall was more than a shopping center. It was where people saw movies, wandered the food court, bought back-to-school clothes, and spent Friday nights during the height of the suburban mall era. Now, the future of the Bensalem property appears headed in a much different direction. In July…
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Aronimink Neighbor Earns Thousands Renting Home to Top PGA Golfer During 2026 Championship
When a top-10-ranked professional golfer needed a place to stay during the 2026 PGA Championship at Aronimink Golf Club, he didn’t book a hotel; he booked Greg Murray’s house. Murray, a Delaware County entrepreneur and owner of GM Mechanical, Bernie’s Pretzels, and Murray’s Bar and Grille, walked away with a reported $50,000 to $100,000 after renting his St. David’s…
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Philadelphia’s Top Suburbs Include 5 From Delaware County
The top 25 suburbs in the Philadelphia area for 2024 included five from Delaware County, reports Stacker. All five of the Delaware County towns had schools that received an A+ or an A. Radnor, at No. 20, has homes with a median value of $762,400 and a median rent of $1,795. The township got…
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Can You Afford a Home in Delaware County? Most Buyers Are Coming Up Short
Buying a home in Delaware County is getting harder, even as the rest of the country catches a break. While affordability improved across most major U.S. housing markets this spring, the Delaware County and Philadelphia area is moving in the opposite direction. According to a recent Redfin analysis highlighted by Michaelle Bond in The Philadelphia…
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First Bank House of the Week: $1.29M Historic Stone Home in Media Blends Charm and Modern Living
An 18th-century stone residence with five bedrooms and three full and two-half bathrooms is available for sale in Media. Set on nearly three private acres along West Baltimore Pike, the property combines centuries-old architectural appeal with thoughtful contemporary upgrades designed for modern lifestyles. . . The home’s exterior immediately reflects its historic roots, with classic stone construction, mature landscaping, and a secluded rear patio that creates…
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North Philadelphia’s Long-Vacant Budd Plant Could Be Transformed Under New Rezoning Plan
A massive, long-dormant industrial complex in North Philadelphia may finally be getting a second life, and the vision for it is an ambitious one. City Councilmember Curtis Jones Jr. has introduced legislation to rezone the former Budd Company plant in the Nicetown-Tioga neighborhood, opening the door to residential, mixed-use, and commercial development alongside life sciences…
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Historic Boyd Theatre Marquee At Risk As Owner Seeks to Modernize Philadelphia Landmark
The Boyd Theatre has survived closure, a preservation battle, and the demolition of most of its auditorium, but now its iconic marquee may be next to go. Pearl Properties, which owns Philadelphia’s last great downtown movie palace, wants to remove the theater-style marquee and modernize the recessed storefront, writes Jake Blumgart for The Philadelphia Inquirer.…
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Couple Needs to Move on From Their Ideal Home in Wallingford
The five-bedroom, 2-1/2-bath Wallingford home had a lot going for it when Hong Lin and her husband, Jinbin Zhai, decided to move there from Drexel Hill in 2004, writes Paul Jablow for The Philadelphia Inquirer. They liked the 2,340 square-foot spacious layout of the Colonial and the “very quiet and picturesque” Wallingford neighborhood. It was…
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3 Delaware County Towns Make the Grade as Best on East Coast
Hundreds of beautiful communities on the East Coast cater to wide tastes, from an energetic urban landscape to the sedate natural surroundings of rural life. Stacker has compiled a list of the 100 best places to live on the East Coast and three Delaware County communities made the grade, writes Elisa Fernandez-Arias for Stacker. Coming…
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Springfield Mall Owner PREIT Looks to Diversify With 7,000 Apartments
Springfield Mall owner PREIT wants to convert the use of many of its mall properties so developers can build up to 7,000 apartments, writes Paul Schwedelson for the Philadelphia Business Journal. CEO Joseph Coradino said PREIT is looking to convert the use of land adjacent to its malls, like parking lots, and sell that underused…
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