Real Estate
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Malvern Bank House of the Week: Stately Colonial in Newtown Square
A gorgeous stately colonial home with five bedrooms and four and a half bathrooms is available for sale in the coveted Estate section of the Liseter community in Newtown Square. The Colonial is nestled on beautiful 0.86 acres on a corner property providing additional privacy. It boasts a charming covered front porch and a spacious…
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Rising Mortgage Rates Fail to Cool Area’s Hot Residential Real Estate Market
Despite rising mortgage rates (which reached four percent for the first time in two years), home prices locally and nationally continue to soar. Stacker covered the rate’s trending status and its inability to pop the local real estate bubble. Real estate platform ZeroDown put together a weekly real estate market report for Philadelphia using Redfin…
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Washington Post: Here’s Where Investors Bought Homes in Delaware County
Investors bought a record share of homes nationwide and in the Philadelphia metro area last year, with some areas in Delaware County proving to be more attractive than others, write Kevin Schaul and Jonathan O’Connell for The Washington Post. In Delaware County, Drexel Hill was one of the places that saw higher investor participation. Eleven…
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Malvern Bank House of the Week: A Mini Estate Farmhouse in Thornbury
This mini-estate with three bedrooms and three baths is available for sale in the heart of Thornbury, Glen Mills. This property includes 4 landscaped acres with elevated views of the spacious front yard. It is minutes from the golf course at Glen Mills and Grace Winery. There is an oversized detached garage with an unfinished…
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Beautiful Concord Home Brings Common Ground, With a Nod to Nature, Music, Art
There’s a temptation to make an Odd Couple reference to Garry Staegemann and John Crossan who share a Concord home but operate under different aesthetics, writes Eileen Smith Dallabrida for Main Line Today. Staegemann is a minimalist who prefers a contemporary look. Crossan is a collector who lines up with the traditional. Yet the partners…
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Wall Street Journal: Former CEO of Lincoln Financial Asks $11.9M for Florida Home
A fashion designer’s travels to Italy inspired a Palazzo-style home in Sarasota, Florida that is being sold by Jon Boscia, former CEO of Lincoln Financial Group with headquarters in Radnor. He and his wife, Donna, are listing the property for $11.995 million, writes Sarah Paynter for The Wall Street Journal. Jon and Donna Boscia paid…
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With Unmatched Infrastructure, This Former Suburban Bank Building is Ready for the Region’s Next Great Restaurant
Pillar Real Estate Advisors has listed a unique property, the future location of a restaurant that will be in a class of its own, in downtown West Chester. Formerly the prestigious First National Bank of West Chester, this 14,000-square-foot space offers unmatched opportunity. It features multiple levels, grandiose ceiling height in the main room, large brick archways,…
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Malvern Bank House of the Week: Stunning Brick Colonial in Media
A stunning brick colonial home on 1.4 beautiful acres with four bedrooms and two and a half bathrooms is available for sale in Media. The home impresses from the start with its spacious foyer with gleaming hardwood floors. On the right is the formal dining room with crown molding and a living room with built-in…
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Area Tenants Seek — And Willingly Pay For — Apartment Upgrades of Soundproof Walls and Fitness Centers
As new communities continue to be added throughout the region, developers are trying to decide which apartment upgrades they need to include to best attract renters, writes Michaelle Bond for The Philadelphia Inquirer. According to a new survey from the National Multifamily Housing Council and Grace Hill, preferences among renters in the Philadelphia area mostly…
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Wallingford Homeowners Shocked to Find They Only Owned Half of Their Yard
When the O’Connors tried to sell their Wallingford home this past September, they were stunned to discover they only owned half of their yard, writes Michaelle Bond for The Philadelphia Inquirer. The buyer’s title company found two parcels of land at the property. In the 1960s, a previous owner bought one parcel, then bought the…
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Malvern Bank House of the Week: Mid-Century Modern in Bryn Mawr
A stunning mid-century modern McElroy home with four bedrooms and two bathrooms is available for sale in Bryn Mawr. Created by renowned architect Robert McElroy, this contemporary residence is a rare treasure on the Main Line. It is set on 1.6 private acres that seamlessly blends nature into the home and creates a gorgeous private…
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Equus Capital Partners in Newtown Square Closes $1B 75-Building Acquisition
Equus Capital Partners Ltd., a real estate firm in Newtown Square, has acquired 75 buildings in a nearly $1 billion sale totaling 5.4 million square feet, writes Natalie Kostelni for Philadelphia Business Journal. The buildings were purchased from Prologis Inc. About 80% were once owned by Liberty Property Trust, based in Malvern. Prologis bought Liberty…
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Struggling Pa. Homeowners Can Apply for Financial Help to Avoid Losing Their Homes
Starting February 1, Pennsylvania homeowners who are struggling due to the pandemic can apply for federal assistance to keep them from losing their homes, writes Michaelle Bond for The Philadelphia Inquirer. Pennsylvania has received $350 million through the federal Homeowner Assistance Fund under the American Rescue Plan Act. The resource is heading to the Pennsylvania…
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Couple Who Put a Lot of Themselves into Drexel Hill Tudor Move for the Last Time
The Sabatinis, Joe and his wife Danielle, have put so much effort into their Haverford home that when they move soon to Chester County, it will be their last home, writes Paul Jablow for The Philadelphia Inquirer. The couple bought their corner property in the Pilgrim Gardens section of Haverford in 2018 after renting in…
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Companies Flock to Lease Office Space in Suburban Areas, Including Delco
Sunoco Inc. signed a six-year deal at the end of last year to lease 55,000 square feet of suburban office at Ellis Preserve in Newtown Square. Likewise, Vanguard, the world’s largest mutual fund company based in nearby Malvern in Chester County, leased 250,000 square feet at 3801 West Chester Pike in Newtown Square. They were…
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Malvern Bank House of the Week: Gorgeous Contemporary in Wayne
A gorgeous contemporary home set on a beautiful 0.46 acres with four bedrooms and three and a half bathrooms is available for sale in the highly-coveted Wayne neighborhood of The Woods. This lovely residence that boasts great curb appeal is situated on an elevated premium cul-de-sac lot with lots of trees. This home in The…
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Delco Housing Listings up 3% in December, But Overall, Still Not Much Out There
It’s going to be a challenge looking for a home in the Philadelphia region in the next few months as the supply of available houses remains at record lows, writes Michaelle Bond for The Philadelphia Inquirer. Delaware County was the only county that saw an increase in new listings in December, rising 3%, while listings…
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Malvern Bank House of the Week: A Converted Stone Barn in Villanova
An exquisite converted stone barn with five bedrooms and five full and three half bathrooms is available for sale in Villanova. The superior architectural detail is only one of the many advantages that make this lovely home stand out. Highlights of this converted stone barn include a living room with deep crown moldings, a gas…
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