Real Estate
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First Bank House of the Week: Beautiful Tudor for Sale in Wayne
A beautiful stone-front Tudor home at 458 Huston Road on 1.91 stunning acres with seven bedrooms and four full- and two-half bathrooms is available for sale in Wayne. This remarkable residence, which is said to have been modeled after George Washington’s ancestral home, blends timeless charm with thoughtful updates. These help showcase its storied past,…
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Penn’s Purchase Across from Peddler’s Village to Shed ‘Eyesore’ Ghost Town Label, Set for Redevelopment
Penn’s Purchase, the long-vacant retail outlet center across from Peddler’s Village, is set to shed its “eyesore” ghost town label, with redevelopment finally on the horizon, writes Lacey Latch for the Bucks County Courier Times. For the project, old store buildings will be demolished and replaced with luxury housing and new retail spaces. The new…
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Home Prices Up 57 Percent In 2 Hot Delco ZIP Codes in First Quarter
The Wayne real estate market is on fire. Broomall is also hot, writes Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. Wayne ranked as Philadelphia’s hottest housing market in Greater Philadelphia for the first quarter of the year, with average home sale prices up to $1.18 million. That’s based on the Journal’s analysis…
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A Wheelwright’s 1798 Home Is Up for Sale in Wallingford
A Wallingford 1798 home built in 1798 by Wheelwright James Hinkson is available for sale, writes Paul Jablow for The Philadelphia Inquirer. “All the houses I’ve lived in have had quirky and interesting histories,” said current owner Cathy Osborne. The home was originally built as two houses side by side, with a second house for…
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First Bank House of the Week: Spectacular Colonial in Newtown Square
A spectacular colonial home at 4104 Meadow Lane on an attractive 1.43 acres with five bedrooms and four and a half bathrooms is available for sale in Newtown Square. This exceptional residence blends classic charm with refined craftsmanship in the sought-after Echo Valley neighborhood. Thoughtfully designed and custom-built, it features distinctive touches like ten-foot ceilings,…
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Equus Capital Pays $73.1M for Lansdale’s Jacobs Woods Apartments
Equus Capital Partners has made a major investment in Lansdale, acquiring the 230-unit Jacobs Woods apartment complex for $73.1 million, writes Paul Schwedelson for Philadelphia Business Journal. The Newtown Square-based firm plans to invest another $5.8 million in renovations to the garden-style community, which spans 37 acres and features 33 townhome-style buildings. Each unit comes…
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A Gladwyne Mansion That Defies Today’s Lower Merion Zoning Codes Hits Market
A stately 18,000-square-foot mansion in Gladwyne’s coveted estate section has just hit the market, listed for $7.875 million, writes Ryan Mulligan for the Philadelphia Business Journal. Tucked behind gates on 1.5 manicured acres along Waverly Road, the home offers eight bedrooms, 14 bathrooms, and luxury features across four sprawling levels — including a pool, a…
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Philadelphia’s New Apartments Are Among the Smallest in the Nation, According to New Report
As the average size of new apartments are continuing to expand nationwide, some cities such as Philadelphia are an exception. Philadelphia has the 10th smallest average new apartment size in the nation, according to a new report by RentCafe. The report found that new Philadelphia apartments are an average of 759-square-feet, which is significantly lower…
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Real Estate Group Buys Up Suburbia Shopping Center in Pottstown for $27 Million
Suburbia Shopping Center in Pottstown recently sold to Lancaster-based High Real Estate Group for $27 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 26-acre shopping center, located at 80 Glocker Way off Route 100, is anchored by a Giant grocery store, with other tenants including Dollar Tree, Starbucks, UPS Store, and Tower Health.…
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Essington Hotel Near Philadelphia Airport Changes Hands After $10M Sale
The Wyndham Garden Philadelphia Airport hotel in Essington near Philadelphia International Airport has a new owner and a new name following a $10 million sale, writes Emma Dooling for the Philadelphia Business Journal. The 308-room hotel at 45 Industrial Highway is now known as the Quality Hotel Philadelphia International Airport. In addition to rooms, the…
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First Bank House of the Week: Architectural Masterpiece in Devon
A one-of-a-kind carriage house at 599 Longchamps Drive on a lovely 1.02 acres with four bedrooms and two full and two half bathrooms is available for sale in Devon. This charming residence, transformed in 1995, perfectly blends timeless elegance with modern convenience. Many attractive details are found throughout, including walnut floors, custom millwork, crown moldings,…
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New Analysis Reveals How Much Penn Owns in University City Real Estate
The University of Pennsylvania trustees own more than $3.3 billion in real estate in University City, three times more than any other educational institution in the region, writes Emily Scolnick for The Daily Pennsylvanian. According to an analysis of city property records by The Daily Pennsylvanian, Penn’s real estate holdings in Philadelphia include numerous campus…
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Historic Penn Valley Carriage House with Private Golf Greens Hits Market for $2.3M
A rare blend of Main Line history and modern luxury is for sale in Penn Valley, complete with a (partial) golf course, writes Ryan Mulligan for the Philadelphia Business Journal. Listed at $2.3 million, this 7,400+ square foot home sits on 1.6 acres near Gladwyne and features six bedrooms, seven bathrooms, and three backyard golf…
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Merion Building in King of Prussia Sold to Florida Real Estate Firm for $11.8M
The Merion Building in King of Prussia has been acquired by Florida-based Onicx Group for $11.8 million, marking the real estate firm’s first investment in the Philadelphia region, writes Paul Schwedelson for the Philadelphia Business Journal. Ilya Hvostikov, vice president of acquisitions for Onicx, called the building’s location on the northeast corner of South Gulph…
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Goodnoe’s Corner, Village Center Sold for Combined $29.18M
Goodnoe’s Corner in Newtown and Village Center in Bensalem have been sold to ShopOne Center’s REIT and joint venture partners – Pantheon investment firm and a global institutional investor – for a combined $29.18 million, writes Jeff Werner for the Patch. The seller was the Palladino Development Group, which also owns Newtown Shopping Center next…
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First Bank House of the Week: Gorgeous Colonial in Glen Mills
A gorgeous colonial on a lovely 0.29-acre lot at 4 Alexandra Court in Glen Mills, with four bedrooms and two and a half bathrooms, is available for sale. This striking residence in the coveted Cobblestones at Thornbury neighborhood offers the perfect blend of elegance, comfort, and convenience. Gleaming hardwood floors, a grand staircase, stylish wainscoting,…
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Villanova Home That Sold in Less Than a Week Among Intriguing 2024 Homes
A Villanova home owned by David Kelleher and Marlo Pagano-Kelleher, the president of David Auto Group in Glen Mills and the founding member of Pagano Law Firm in Radnor, was one of the most intriguing 2024 homes in the region. It sold in less than a week, writes Ryan Mulligan for the Philadelphia Business Journal.…
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Bucks County Housing Market Stands Strong Amid Slowing Nationwide Trends
While home prices are cooling across the country and even falling in some regions, the housing market in Bucks County still remains hot, fueled by steady demand and supported by the limited inventory, write Janice Kai Chen and Rachel Lerman for The Washington Post. Nationwide, prices for single-family homes increased by just 2.7 percent over…
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