Real Estate
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Delaware County Home Prices Rose Higher Than National Average
Home prices are stabilizing, or even coming down, around the country, with more homes listed for sale, writes Janice Kai Chen and Rachel Lerman for The Washington Post. Buyers stayed out of the market for the past six years because of rapidly rising home prices and mortgage rates. “Buyers were just simply hit with the…
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‘Exploding Offer’ on Wynnewood Home Underscores Unrelenting Market Heat
While housing markets in some parts of the country are finally starting to cool, Montgomery County is only getting hotter, with homes frequently selling before they even get listed publicly, writes Ryan Mulligan for the Philadelphia Business Journal. Robin Gordon of Berkshire Hathaway HomeServices and her team, the Robin Gordon Group, kicked off the year…
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First Bank House of the Week: Stunning Contemporary in Media
A stunning contemporary at 528 Old Forge Road in Media sits on a lovely 1.23 acres with five bedrooms and five full and two half bathrooms and is available for sale. Located in one of Media’s most sought-after neighborhoods, this well-maintained residence features numerous gorgeous details, including crown molding, custom-built-ins and cabinetry, and hardwood floors.…
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Toll Brothers Acquires Site of Former St. Basil’s Academy, Plans for Senior Living Homes
Toll Brothers has purchased the 46-acre site of the former Saint Basil Academy in Jenkintown for $9.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based luxury homebuilder plans to transform the former school grounds into a 150-home age-restricted carriage home community for buyers 55 and older. The property, located at 711…
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Newly Minted Berwyn at Ember Apartment Complex Sells for $96.5 Million
Pantzer Properties, a New York real estate firm, has purchased an 18-month-old apartment building in Berwyn for $96.5 million from developers Bozzuto and Echo Realty, writes Ryan Mulligan for the Philadelphia Business Journal. The deal is the largest publicly recorded multifamily sale in the Philadelphia region so far this year. The 250-unit Ember at Berwyn,…
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Anthology Senior Living in King of Prussia Sells for $27M
Anthology Senior Living in King of Prussia has been sold for $27.4 million to Ohio-based real estate investment trust Welltower, about four years after its completion, writes Paul Schwedelson for the Philadelphia Business Journal. The 11-story senior living building, previously owned by Chicago developer CA Ventures, spans 255,000 square feet and was the tallest building…
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Villanova Property That Inspired ‘Philadelphia Story’ Available for $13.5M
A nearly 17-acre property in Villanova that inspired the 1940 movie “The Philadelphia Story” with Katharine Hepburn is on the market for $13.45 million, writes Ryan Mulligan for Philadelphia Business Journal. The property, referred to as “Albermarle,” has four buildings, including a refurbished stone clock tower. It was part of a much larger 800-acre, 75-building…
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First Bank House of the Week: Craftsman-Style Masterpiece in Glen Mills
A stunning Craftsman-style home at 4 Fallbrook Lane that sits on a lovely 0.34-acre lot with five bedrooms and four and a half bathrooms is available for sale in Glen Mills. This exceptional residence exudes charm. Stylish touches include wainscoting, hardwood floors, and a charming stone walkway, which adds to its refined appeal. Highlights include…
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Boscov’s Set to Outlive Exton Square Mall as New Owner Plans Mixed-Use Town Center to Replace It
With many department store giants, including Macy’s and JCPenney, closing stores during the years-long retail apocalypse, Boscov’s has stayed afloat and expanded, writes Noah Zucker for Bisnow. Now, the Exton Square Mall location of the nation’s largest family-owned department store chain is set to outlast the rest of the shopping center as the new owner…
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Alterra Property Group Plans to Develop 300-Unit Apartment Building on SEPTA Land in Conshohocken
Alterra Property Group is planning to develop a 300-unit apartment building on SEPTA land in Conshohocken, writes Jake Blumgart for The Philadelphia Inquirer. The lot was previously planned to be a 528-space parking garage, but the project received significant pushback from transit advocates. SEPTA recently authorized a long-term ground lease and development contract for the…
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Center City Undergoing $1.2B in Real Estate Development Activity, New Report Provides Breakdown
Center City District has released its latest Center City Real Estate Development Report, which provides an overview of the $1.2 billion in development activity taking place in the area. There are a total of 66 major development projects in Center City Philadelphia that are either completed, under construction, or in the planning stages. Center City…
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One Chester County Town Among Best Places to Live in America, Two Make Top 250
One Chester County town is ranked among the top three places to live in the United States, with two others in the top 250, writes Ryan Mulligan for the Philadelphia Business Journal. Niche recently released its annual rankings, based on data from the U.S. Census Bureau, the FBI, the Department of Education, the IRS, and…
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First Bank House of the Week: Attractive Colonial in Swarthmore
An attractive and lovingly renovated colonial home at 607 Fairview Road, with three bedrooms and one and a half bathrooms is available for sale in Swarthmore, writes Paul Jablow for The Philadelphia Inquirer. After purchasing the house in 2023 with his wife, Scott Morrison bonded with his 89-year-old widowed father when they were able to…
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West Philadelphia Church That Unknowingly Sold Rare Tiffany Windows Heads for Court-Ordered Sale
The West Philadelphia church that unknowingly sold off valuable Tiffany windows for a fraction of their worth is now facing a court-ordered sale, as the bank takes action to collect on the over $2 million currently owed by the congregation, write Zoe Greenberg and Ryan W. Briggs for The Philadelphia Inquirer. The listing, describing the…
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Renovated Wayne Office Building Secures Three New Leases Totaling 80,000 SF
A newly renovated Wayne office building has secured three new leases, including one with Comcast Advertising, totaling 80,000 square feet, writes Ryan Mulligan for the Philadelphia Business Journal. The largest lease at 1111 Old Eagle School Road is 38,572 square feet for iPipeline, the software development firm’s headquarters. Comcast is leasing 32,600 square feet, while…
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Union League of Philadelphia Seeing Unprecedented Growth, Eyeing Further Potential Acquisitions
The Union League of Philadelphia is experiencing unprecedented growth, marking its most significant expansion in the last decade and more of its 160-year history, writes Ryan Mulligan for the Philadelphia Business Journal. The exclusive members-only private club, long a haunt for top business leaders in the region, launched its expansion in 2014 with the opening…
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First Bank House of the Week: Spacious Traditional in Historic Rose Valley
Welcome to 8 Todmorden Lane, a spacious 4 Bedroom, 2.5 Bath home for sale, offering almost 3,200 square feet of living space, nestled on an acre lot in historic Rose Valley. Make your way up the circular drive and onto the cozy front porch with stone façade. Enter into the foyer with an oversized…
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18th-Century Kimberton Farmstead Hits Market
A stunning 18th-century farmstead in Kimberton with the original house dating back to 1745 recently hit the market for $1,295,000, writes Sandy Smith for the Philadelphia Magazine. This beautiful home sits by a weathered bank barn that was most likely built around the same time. The lovely residence has seen many additions and thoughtful updates…
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