Real Estate
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First Bank House of the Week: Wayne Townhouse Near Radnor Trail for Sale
A three-bedroom Wayne townhouse at 24 Greythorne Woods Circle is available for sale, writes Paul Jablow for The Philadelphia Inquirer. “It is a lot of house,” admitted homeowner Naomi Gubernick, since she was just one person, with three bedrooms, 2.5 baths, and a total area of 2,120 square feet. Back in 2017, when she first…
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Radnor-Based EQT Real Estate Makes Huge Phoenix Industrial Buy
EQT Real Estate, based in Radnor, expanded its industrial portfolio with the $128.2 million purchase of Sarival Logistics Center in the Loop 303 corridor located in the Phoenix, Arizona area, writes Haley Mensik for the Philadelphia Business Journal. It is the largest single-building warehouse sale in the region since the beginning of 2023, with the…
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Solebury Acquires One of the Largest Undeveloped Tracts in Township
Solebury Township has acquired the former New Hope Crushed Stone & Lime Co. quarry for $1.6 million, writes Jeff Werner for the Patch. The purchase of the 166-acre site secures one of the township’s largest undeveloped tracts. It features a 60-acre lake and more than 3,000 feet of stream corridor along Primrose Creek. The property…
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Hidden in the Walls: Uncovering Forgotten Home Features
Houses have always reflected the technology, lifestyles, and culture of their times. Across the decades, American homeowners tailored their homes to fit their visual preferences and practical needs. As technology developed, home features once considered trendy quickly fell out of fashion and function. To celebrate American Housing Month, we’re looking to the past to explore…
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Micro-Rental Trend, Big on the West Coast, Increasing in Philadelphia
While micro-housing started out as a solution for factory works and newcomers to a big city, it has since become a trend for many others. The trend has been primarily a West Coast one, but it has started moving elsewhere throughout the country, such as the Northeast, where Philadelphia leads the charge, writes Andrei Popa…
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Six Chester County Suburbs Named Among the Best in the Philadelphia Region
In a recent ranking of the twenty-five best suburbs in the greater Philadelphia area, six Chester County towns and suburbs placed in the top fifteen, writes staff for Stacker. Using data from Niche, Stacker evaluated suburban Philadelphia towns based on several criteria. This included diversity, cost of living, the percentage of population with college degrees,…
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Charming Wynnewood Cottage, Once Part of Clothier Family’s Ballytore Estate, Listed for $1.8M
A charming Wynnewood cottage dating back to 1878 that later became part of the Clothier family’s Ballytore estate is for sale at $1.8 million, writes Lisa Dukart for The Philadelphia Inquirer. The home is nestled across from the former Ballytore Castle, which is now home to St. Sahag and St. Mesrob Armenian Church. The cottage…
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Philly Pretzel Factory Founders Get In On Bensalem Warehouse for $4.3 Million
Philly Pretzel Factory co-founders, CEO Dan DiZio and Len Lehman, recently purchased a warehouse neighboring the company’s headquarters in Bucks County for $4.3 million, writes Emma Dooling for the Philadelphia Business Journal. The pair, along with investors from Pretzel 98 LLC, bought the warehouse at 1824 Byberry Road in Bensalem. The property features a 31,000-square-foot…
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First Bank House of the Week: Exceptional Colonial in Cheyney
An exceptional colonial home at 22 Bennetts Lane on two acres with four bedrooms and two and a half bathrooms is available for sale in Cheyney. This immaculate custom residence combines refined comfort with thoughtful updates and timeless charm. Meticulous details include porcelain tile flooring, Palladian windows, custom stonework, and new insulated French doors with…
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Parkview Tower in King of Prussia Heads to Sheriff’s Sale with Over $27M in Debt
Parkview Tower in King of Prussia, owned by West Conshohocken-based real estate firm Keystone, is scheduled to go to sheriff’s sale, writes Paul Schwedelson for the Philadelphia Business Journal. The Montgomery County Sheriff’s Office has listed the 10-story, 221,000-square-foot building on the online auction platform Bid4Assets, with the sale scheduled to take place on July…
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High-End Apartment Tower Near Rittenhouse Square Acquired for $138M
CBRE Investments has sold a 34-story apartment tower near Rittenhouse Square for $138 million, marking one of the largest multifamily sales in Center City in recent years, writes Paul Schwedelson for the Philadelphia Business Journal. The sale price equates to $431,000 per unit. The buyers were New York-based Cantor Fitzgerald and Norfolk, Virginia-based Harbor Group…
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Work Begins on Toll Brothers’ Royersford Development Featuring 30 Homes Starting at $1 Million
Fort Washington-based Toll Brothers has begun site work on its Royersford development, which will feature 30 single-family homes that will start at $1 million, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder purchased the 23-acre site at 183 Kline Road for $5.1 million in November. It sits just south of The Court…
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Abrams Realty Buys Exton Square Mall, Plans to Build New Homes and Limited Commercial Space
Exton Square Mall officially has a new owner as of Tuesday, with PREIT selling the beleaguered property to Abrams Realty & Development, writes Jake Blumgart for The Philadelphia Inquirer. Elkins Park-based Abrams plans to demolish most of the existing complex and build housing and some commercial space. PREIT, which emerged from its second bankruptcy last…
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Power Home Remodeling Expanding Chester Headquarters, 100s to be Hired
Power Home Remodeling has signed a 250,000 square-foot lease in Chester as it looks to expand its headquarters there, writes Ryan Mulligan for Philadelphia Business Journal. The expansion will also mean hiring 300 to 400 new workers. The 12-year lease adds 65,000 square feet to Power’s headquarters at the Wharf at Rivertown, the former Delaware…
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First Bank House of the Week: Stone-Front Traditional in Newtown Square
A stunning stone-front traditional home at 2 Greystone Circle on a lovely 10,733-square-foot lot with five bedrooms and six full and three half bathrooms is available for sale in Newtown Square. This extraordinary residence perfectly blends classic architecture with remarkable artistry. Impressive details include solid-core doors with custom trim and Emtek hardware, Brazilian Rosewood floors…
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Collegeville Office Buildings Sell to Globus Medical with Staggering Price Cut
Two office buildings in Collegeville have sold to Audubon-based Globus Medical for $6.2 million, marking an 81 percent drop in value since their last sale in 2018, writes Paul Schwedelson for the Philadelphia Business Journal. The buildings, located at 200 and 400 Campus Drive and previously known as Highview I and Highview II, are currently…
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TF Cornerstone, Now Sole Owner of Historic Wanamaker Building, Reveals Conversion Plans
New York City real estate developer TF Cornerstone has officially solidified its full ownership of the historic Wanamaker Building in Center City, writes Noah Zucker for BisNow. After initially purchasing the building’s first three floors in 2019, the developer later acquired the fourth through 12th floors and 660 parking spaces in its underground garage last…
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Work Begins on Toll Brothers’ Royersford Development Featuring 30 Homes Starting at $1 Million
Fort Washington-based Toll Brothers has begun site work on its Royersford development, which will feature 30 single-family homes that will start at $1 million, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder purchased the 23-acre site at 183 Kline Road for $5.1 million in November. It sits just south of The Court…
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