Real Estate
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First Bank House of the Week: Home and Studio for Sale in Media
A one-bedroom, two-bathroom home and a matching studio at 157 Bortondale Road in a serene, rural Media setting recently hit the market. Artist Greg Reitze built the home and studio in 2007 on a wooded lot overlooking a quiet valley. Each property spans 1,568 square feet. “I wanted to build something that would last,” he…
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Washington Post: Homes Are Getting Older and Crumbling, Especially in Northeast Cities Like Philadelphia
In various cities across the nation, especially those like Philadelphia, homeowners are struggling to maintain and repair their aging homes, writes Tim Craig for The Washington Post. With many of these aging houses crumbling and withering, many homeowners are being forced to live in nearly unlivable conditions. To make matters more challenging, repair costs are…
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Tastykake’s Navy Yard Headquarters Is Up for Sale
Tastykake’s 345,500-square-foot Philadelphia Navy Yard headquarters, built in 2009 as a custom facility for the company, is being sold by Prologis, writes Paul Schwedelson for the Philadelphia Business Journal. San Francisco-based Prologis acquired the building five years ago through a $13 billion merger with Liberty Property Trust. Tastykake’s parent company, Tasty Baking, has nearly a…
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Fort Washington’s Toll Brothers Exits Apartment Business in $347M Deal
Toll Brothers is stepping away from the apartment business to concentrate on what it does best, writes Joseph N. DiStefano for the Philadelphia Inquirer. The Fort Washington company is focusing all its attention on single-family homebuilding. The company announced the sale of its Toll Brothers Apartment Living unit, including 18 apartment complexes and 29 development…
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A Mansion Under Construction in Broomall Is Upsetting the Neighborhood
Nicholas Reynolds is cofounder of the Marple Civic Association, serves on the Marple School Board and is a successful owner of Delco Steaks, Marple Public House, and the Splash Swim Club, but he’s lately getting flak for an oversized home he’s building in a Broomall neighborhood Tensions have mounted for months between Reynolds and neighbors,…
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Equus Capital Partners in Newtown Square Buys Maryland Warehouses
Equus Capital Partners, developers of the Ellis Preserve in Newtown Square, has bought a warehouse portfolio in a Maryland industrial park for $102.6 million, writes Dan Brendel for the Washington Business Journal, as printed in the Philadelphia Business Journal. Newtown Square-based Equus bought six warehouses totaling 578,000 square feet in Upper Marlboro from Mapletree Investments,…
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First Bank House of the Week: Stunning Colonial in Villanova
A stunning colonial home at 109 Willowburn Road on a lovely 0.35-acre lot, with five bedrooms and three full- and two half bathrooms is available for sale in Villanova. This exquisite residence blends classic charm with contemporary elegance. Details include custom millwork, rich hardwood floors, and coffered ceilings, creating an inviting atmosphere throughout. Among highlights…
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Fort Washington’s Toll Brothers Buys Former Golf Course Site in Florida for $19.5M
Fort Washington-based Toll Brothers recently paid $19.5 million for a development site on a former golf course in Florida to build a luxury home community, writes Brian Bandell for the Philadelphia Business Journal. The seller of the 20.9-acre site was the city of Parkland. According to the deed included in the sales agreement, the luxury…
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Eleven Bucks County ZIP Codes Rank Among Wealthiest in Philadelphia Region
Eleven Bucks County ZIP codes made the list of the wealthiest ZIP codes in Greater Philadelphia, writes Todd Romero for the Philadelphia Business Journal. Richboro (18954) ranks highest in Bucks County at No. 60, with a per capita income of $80,067 and typical home values of $697,943. Next is Levittown (19056) at No. 65, with…
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Philadelphia Ranked Most Popular City in Northeast for Apartment Renter Interest
Philadelphia topped the list of cities in the Northeast for interest from apartment renters during the first half of the year, write Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. RentcCafe’s mid-year renter engagement report reviews current and historic apartment search volume on its platform, as well as changes in overall apartment availability.…
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Innovate Real Estate Enters Pennsylvania Market, Adds New Doylestown Office
Innovate Real Estate expands in Pennsylvania with a new Doylestown office, led by The Cleland Team, a local real estate group that has extensive experience and strong community ties, writes Jeff Werner for the Patch. According to Jeff Casterline, founder and CEO of Innovate Real Estate, The Cleland Team, recently recognized by RealTrends as one…
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First Bank House of the Week: Inviting Traditional in Glen Mills
An inviting traditional home at 32 Lenfant Court on a beautiful lot with four bedrooms and three and a half bathrooms is available for sale in Glen Mills. This stunning residence exudes both sophistication and comfort, providing an ideal balance of elegance, functionality, and location. Refined details include real hardwood floors and arched windows that…
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Former St. Gabriel’s Hall Site in Lower Providence Sells for $14.5M
A landmark Montgomery County property has changed hands, writes Ryan Mulligan for the Philadelphia Business Journal. The 60-acre campus once home to St. Gabriel’s Hall in Lower Providence, has been sold to Audubon Land Development for $14.5 million, according to county records. The Archdiocese of Philadelphia closed St. Gabriel’s in 2020, ending more than 120…
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Philadelphia’s First of Its Kind Pilot Program, Which Gives Cash to Struggling Renters, Proves Effective
The PHLHousing+ program, a first of its kind in the nation, which gives no-strings-attached cash to struggling renters, is proving to be effective, writes Michaelle Bond for The Philadelphia Inquirer. The program was launched in the fall of 2022. Since then, Philadelphia has been giving cash to 301 households randomly selected from wait lists for…
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Greystar Plans 205 Apartments at Former King of Prussia Office Site
National apartment developer, Greystar, is eyeing another major project in King of Prussia, writes Ryan Mulligan for the Philadelphia Business Journal. The company has filed plans to demolish an 85,000-square-foot aging office building at 720 Vandenburg Road. In its place, they will construct a six-story, 205-unit apartment complex. The U-shaped development would include a central…
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Quarry Center on Township Line Road in Havertown Put Up for Sale
The Quarry Center in Havertown, anchored by Giant Supermarket and Lowe’s home improvement store, is for sale by its developer, writes Paul Scwedelson for Philadelphia Business Journal. The 222,500-square-foot shopping center is expected to fetch more than $80 million for Eureka Ventures. Giant and Lowe’s generate about 77 percent of the shopping center’s income, according…
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111-Acre Office Park with Four Buildings Up for Sale in Malvern
The Malvern Green complex, an 111-acre office park with four buildings totaling 759,901 square feet, was recently listed for sale in Malvern, writes Paul Schwedelson for the Philadelphia Business Journal. The four buildings at 51 Valley Stream Parkway, three office buildings along with a data center, are currently occupied by Oracle, with the property currently…
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First Bank House of the Week: Colonial with Golf Course Views in Broomall
A custom-designed colonial home on 0.97 lovely acres at 35 West Pine Tree Drive with five bedrooms and four and a half bathrooms is available for sale in Broomall. This gorgeous residence offers modern living with sweeping golf course views. Exceptional details include a stone-accented facade, double-door entry, high ceilings, and designer chandeliers. Among the…
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