Real Estate
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Former Eagles Owner from West Chester Buys Full City Block in Miami
Former Eagles owner Norman Braman, the billionaire car dealer who spent his early years in West Chester before moving to Cobbs Creek, now owns an entire block in Miami’s Edgewater neighborhood, writes Brian Bandell for the Philadelphia Business Journal. Braman, 89, recently acquired the Fight Club Miami building located at 106 and 120 N.E. 20th…
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Malvern Bank House of the Week: Impressive Colonial in Media
An impressive colonial home set on one beautiful acre, a private retreat with five bedrooms and four and a half bathrooms is available for sale in Media. The property welcomes you with lush landscaping and a paver walkway leading to the beautiful home. This opens into a bright two-story foyer with marble flooring and detailed…
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Housing Trends in Delaware County ‘Reaching Implausible Levels’
Housing stock in the region and Delaware County is continuing to reach record-low levels, causing prices to skyrocket and reach heights that far outweigh the income of potential homebuyers, writes Ryan Mulligan for the Philadelphia Business Journal. According to Kevin Gillen, a senior research fellow at Drexel’s Lindy Institute for Urban Innovation, the inventory trends…
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Malvern Bank House of the Week: Charming Traditional Home Next to Kent Park in Broomall
A charming traditional home on one beautiful acre adjacent to Kent Park with four bedrooms and four and a half bathrooms is available for sale in Broomall. This custom residence is within walking distance of the variety of trails in the area. Highlights include an ultra-modern kitchen with granite countertops, abundant cabinet space, and top-of-the-line…
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Amish-Built Log House in Coatesville — a Paradigm of Quality Craftsmanship — Hits the Market
Constructed in the style of a barn, an Amish-built log house in West Brandywine Township combines modern comfort with sophistication and rustic charm, writes Sandy Smith for Philadelphia magazine. This three-bedroom, two-bathroom home was built in 2008 and is a paradigm of quality craftsmanship. The abode features an open main level that is ideal for…
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Springfield Malls’ PREIT Releases KPMG as Auditor After 2 Decades
PREIT has dismissed their auditor KPMG, and has brought on a new accounting firm, says the Securities and Exchange Commission. Natalie Kostelni reports the latest PREIT news for the Philadelphia Business Journal. The new PREIT auditor is BDO USA LLP a part of BDO International, a global accounting network headquartered in Chicago. PREIT terminated its…
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Malvern Bank House of the Week: Gorgeous Traditional in Glen Mills
This traditional home on 2.51 beautiful acres with four bedrooms and two full and two half bathrooms is available for sale in Glen Mills. The property is approached along a private driveway flanked by mature trees providing immense curb appeal. It features an abundance of flowering and fruit-bearing trees and bushes that add to the…
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The Lease They Can Do: Gen Z Renters See Philadelphia as Residential Market of Choice
After spending a year in their hometowns due to the pandemic, a growing number of Gen Z is coming into town helping to rejuvenate Philadelphia. The city is now ranked fourth nationally among the top trending destinations for Zoomer renters. Andrea Neculae tracked the migration for RentCafe. According to RentCafe, Gen Z activity in the…
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Residential Housing Wealth Disparity: Are Low- and Middle-Income Shoppers Being Left Behind?
The distribution of housing wealth across incomes in the Philadelphia region has grown more uneven in the past decade. The number of high-income owners continued to rise, and the number of middle- and low-income owners shrank further. Michaelle Bond reported the widening disparity for The Philadelphia Inquirer. The local worrisome trend aligns with real estate…
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Gwynedd Mercy University Sells 150-Acre Property for $31.5 Million in Montgomery County
Gwynedd Mercy University has announced that an affiliate of Beacon Capital Partners, LLC purchased a 150-acre piece of property that sits adjacent to the University’s Main Campus on Sumneytown Pike for $31.5 million. Marking a significant step toward the university’s vision of becoming the Catholic University leader in professional and healthcare education, a portion of the…
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Restored 1912 Radnor Tudor Owned by Daughter of Late Philadelphia Flyers Owner Hits Market for $5 Million
A restored 12,000-square-foot Main Line Tudor revival in Radnor owned by Lindy Snider, the daughter of late Philadelphia Flyers owner Ed Snider, recently entered the market for $5 million, writes Lisa Dukart for Philadelphia Business Journal. Her husband, Dr. Larry Kaiser, is the former CEO of Temple University Health System. The eight-bedroom home features a…
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Malvern Bank House of the Week: Captivating Colonial in Harrison Estates, Newtown Square
A captivating colonial home with five bedrooms and three full and three half bathrooms is available for sale in the Harrison Estates, Newtown Square. The property is perfectly situated at the end of a cul-de-sac in the coveted community of Harrison Estates. In addition to the main residence, there is an in-ground pool with a…
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Development Deal Will Cause Norristown State Hospital Campus Residents to Lose Their Home & Services
People with serious mental illness currently living on the Norristown State Hospital campus are set to lose their home and support services in June in a development deal, writes Brett Sholtis for WHYY. While the state said it is working with counties to place the around two dozen patients in other programs, county mental health…
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Development Deal Will Cause Norristown State Hospital Campus Residents to Lose Their Home & Services
People with serious mental illness currently living on the Norristown State Hospital campus are set to lose their home and support services in June in a development deal, writes Brett Sholtis for WHYY. While the state said it is working with counties to place the around two dozen patients in other programs, county mental health…
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Malvern Bank House of the Week: Stunning Manor Home in Villanova
A stunning manor home on a two-parcel, 2.6-acre lot with six bedrooms and six full and two half bathrooms is available for sale in Villanova. Arborview offers the ultimate location along with luxury living. The majestic residence was built in 1925 in a perfect spot offering highly coveted privacy and beautiful landscapes. The property is…
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Radnor, Washington Firms Team Up to Buy 12 Industrial Buildings in Berks for $77.6M
A Radnor-based commercial real estate firm is teaming up with a Washington, D.C. firm to purchase 12 industrial buildings in Berks County, writes Andrew Kulp for the Daily Times. Endurance Real Estate Group in Radnor and ASB Real Estate Investments in Washington, D.C. are paying $77.6 million for the buildings. The purchase includes the entire…
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Unique Prairie-Style Wallingford Home With Influences of 2 Architects for Sale
A one-of-a-kind Prairie-style midcentury modern Wallingford home is for sale, writes Sandy Smith for Philadelphia Magazine. The style is a pinch of Mies van der Rohe and a dash of Frank Lloyd Wright at 100 Brent Drive. And there’s a 1962 bomb shelter on the ground floor. The main floor of this Wallingford home has…
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Homebuyers Continue to be Stymied by Low Housing Inventory in Delaware County
Homebuyers were left with few choices at the start of the year as Delaware County had just around 18 days’ worth of housing supply in January, writes Michaelle Bond for The Philadelphia Inquirer. Such inadequate supply combined with the rising demand has continued to fuel buyer competition and push prices in the area further up.…
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