Real Estate
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Former Ardmore Home of DuPont Heiress Remains on the Market
After undertaking extensive renovations, the current owners of the former Ardmore home of Eleuthera Bradford du Pont, the chemical fortune heiress, have listed the property for $2.95 million, writes Lisa Dukart for the Philadelphia Business Journal. This splendid residence that has often been the site of lavish parties, orchestra concerts, and balls was built in…
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First Bank House of the Week: Gorgeous Victorian in Ridley Park
A gorgeous Victorian home in Ridley Park on 0.33 lovely acres with four bedrooms and two and a half bathrooms is available for sale for $429,900, writes Paul Jablow The Philadelphia Inquirer. When they first saw the home in 2016, the current owners loved its walkability, easy access to the commuter train, and its small-town…
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Bala Cynwyd Company Has Big Plans for a Quakertown Shopping Center
Bala Cynwyd-based Velocity Venture Partners acquired The Richland Plaza shopping center in Quakertown for $16.7 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 225,000-square-foot retail center, which was sold by APS Associates, is 90 percent vacant. Its new owner now plans to convert the property into a multi-tenant industrial site. The entire project…
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Philadelphia Now Among Top 10 Most Sought-After Cities For Apartment Renters
Thanks to a soar in rental activity in February, Philadelphia is now among the 10 most sought-after cities for renters, writes Ryan Mulligan for the Philadelphia Business Journal. According to the newest monthly report from RentCafe, which measures website traffic for listings in the 150 largest cities in the U.S., Philadelphia jumped 42 spots from…
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These Bucks County Towns Have the Most Expensive Homes in Pennsylvania
Purchasing a home can be a lofty investment, and many Bucks County towns have the most expensive home prices in Pennsylvania, according to a report from Stacker. New Hope took the top spot out of all Bucks County towns, as the fourth most expensive in Pennsylvania. A typical home value in the iconic town…
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A Local Neighborhood Is Also Pennsylvania’s Most Expensive
For the second time in nearly a year, a neighborhood in the Philadelphia region has been declared the most expensive neighborhood in Pennsylvania, based on average home prices. Villanova, with an average home price of $3,762,000, is honored as the state’s most expensive neighborhood, writes Matt Pelkey for CashNetUSA. The same community had that title…
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First Bank House of the Week: Contemporary in Chadds Ford
An exquisite Chadds Ford contemporary home set on 2.2 beautiful acres with five bedrooms and five and a half bathrooms is available for sale. This lovely residence was designed by Brad Bernstein. You’ll find it perfectly positioned on a premium and secluded lot that offers gorgeous views. Highlights include the entrance foyer with gleaming refinished…
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David Traub’s City of Homes’ Emphasizes Importance of Home Ownership in Philadelphia
A book by architect David S. Traub, Philadelphia: City of Homes, emphasizes the importance of home ownership and this has distinguished the City of Brotherly Love from its peers and contributed to its famous special character, writes Sandy Hingston for the Philadelphia Magazine. In the introduction, Traub set out the thesis of his book: “Philadelphians…
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Ellis Preserve Developer Equus Capital Partners Makes $124M Land Acquisition
Newtown Square-based Equus Capital Partners has expanded its reach in the Charlotte, North Carolina area after acquiring 1.2 million square feet of industrial space, writes Collin Huguley for Philadelphia Business Journal. The $124 million acquisition includes eight buildings in the Charlotte market and a ninth building in the Greensboro region. At the time of the…
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Gladwyne Mega Mansion with Indoor Pool and Bowling Alley Is on the Market
A 7.25-acre estate in Gladwyne on Merion Square Road with seven bedrooms and 16 bathrooms is on the market for $11.999 million writes Ryan Mulligan for Philadelphia Business Journal. The home was built in 2007 and includes many unique features such as grand staircases, large chandeliers, handcrafted sculpting, and Bellagio-style fountains. Inside the home, there…
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Family Behind Newtown Square’s Apple Vacations Purchases 12th-Century Resort in Ireland
Belmullet Hospitality Group, which is led by the family behind Newtown Square’s Apple Vacations, has expanded abroad by purchasing a property in Ireland, writes Kenneth Hilario for the Philadelphia Business Journal. The group – led by John Mullen and sons Timothy, Jeffrey, and Matthew – has purchased the Carton House in Maynooth, 14 miles outside…
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First Bank House of the Week: Beautiful Traditional in Villanova
A beautiful traditional home on picturesque 1.49 acres with five bedrooms and four full and two half bathrooms is available for sale in Villanova. This stunning residence is the epitome of luxurious living. Meticulously crafted in 2004, the home is a true masterpiece with over 7,000 square feet of living space and an ideal combination…
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Philadelphia Housing Market Sees Record 10.4% Price Growth in February
The Philadelphia-area housing market continues to be stuck in an inventory rut, which has helped drive the growth of home prices to its highest level in almost two years, writes Ryan Mulligan for the Philadelphia Business Journal. The median home price throughout the Philadelphia region went up by 10.4 percent to $340,000 in February, the…
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Rittenhouse Square Brownstone Sells After 15 Years On the Market
A five-story, 7,155-square-foot Rittenhouse Square brownstone that was originally placed on the market 15 years ago has finally been sold, writes Ryan Mulligan for the Philadelphia Business Journal. The property sold for $2.625 million — about half of its original list price — to a New York buyer, according to Nancy Alperin, a broker with…
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First Bank House of the Week: Stunning Traditional in Newtown Square
A stunning Newtown Square traditional home located on 1.4 attractive acres that has six bedrooms and six full and two half bathrooms is available for sale. This amazing property is situated in the walkable Harrison Estate neighborhood and features nearly 11,000 square feet of well-appointed, sun-filled modern living spaces. The gorgeous details include the two-story…
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Once Contemporary Norman, Bryn Mawr Home Is Now Modernist Masterpiece
A former attractive contemporary Norman home in Bryn Mawr that has since been transformed into a true Modernist masterpiece inside a Norman shell recently hit the market, writes Sandy Smith for the Philadelphia Magazine. The inside of the 1969 home was fully remodeled by architect Steven Verner and interior designer Janelle Spilman. It is now…
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Delaware Records Most Expensive Residential Sale Ever; duPont Estate in Dewey Beach Sells for Millions…to be Razed
The 82-year-old duPont estate in Dewey Beach, Delaware, sold for a record $9.1 million. The trio of purchasers plan to raze the property and rebuild anew, writes Kennedy Rose for the Philadelphia Business Journal. The transaction represents the most expensive residential sale in Delaware. The property, known as Sandaway, was originally listed for $11.5 million…
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In Philly Metro, Baby Boomers Lead Home-Buying Trends, Surpassing Millennials
Baby boomers overtook millennials last year as the largest segment of the home-buying population as they continue to downsize by buying smaller homes, writes Sandy Smith for the Philadelphia Magazine. Several trends are driving this rise in home purchases. The older half of the generation has mostly left the workforce and is now looking for…
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