Real Estate
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First Bank House of the Week: Lovely Transitional Home in Villanova
A lovely custom-built transitional home at 541 Atterbury Road, set on 1.17 attractive acres with five bedrooms and six and a half bathrooms, is available for sale in Villanova. This exceptional residence exudes a harmonious blend of rustic lodge charm and contemporary elegance. Distinctive details include Brazilian cherry hardwood floors and sophisticated architectural flourishes. Among…
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Philly Homeowners Stay Put Longer, With Average Tenure Hitting 9.5 Years
Homeowners in Philadelphia are remaining in their homes longer than at any time in at least twenty years, with the average tenure now sitting at 9.5 years, write Mike D’Onofrio and Sami Sparber for AXIOS. In 2005, homeowners typically spent less than four years in their residences before deciding to move. These days, long tenure,…
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Fortune 10 HQ in Conshohocken Hits the Market — Fully Leased
A marquee property in Conshohocken is officially on the market, according to Paul Schwedelson for The Philadelphia Business Journal. The 429,000-square-foot headquarters of Cencora has been listed for sale by owner PRP Real Assets. The 11-story, Class-A office building at 1 W. First Ave. is fully leased to the Fortune 10 pharmaceutical giant, with 10…
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Conshohocken’s Morgan Properties Names New Co-CEOs
A major leadership transition is underway at Morgan Properties, as the Conshohocken-based multifamily real estate giant names Jonathan and Jason Morgan as co-Chief Executive Officers. The brothers have long helped steer the company’s strategy, investments and operations. The formal titles mark a new chapter for one of the nation’s largest private apartment owners. Founder Mitchell…
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Planned South Philadelphia Stadium District Development Project, Opposed By Many, Unravels
A major development in South Philadelphia’s stadium district, opposed by the Phillies, Eagles, and Comcast Spectacor, appears to have collapsed after the real estate partnership behind the project dissolved last summer, writes Jake Blumgart for The Philadelphia Inquirer. The project, which would have brought 1,367 residential units to the district, was unveiled in 2024 as…
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Bucks County Housing Market in Nation’s Top 50 at Year-End 2025
One Bucks County housing market ranked among the top 50 nationwide in the fourth quarter of 2025, making it one of only two Greater Philadelphia housing markets to earn a spot, write Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. The ranking highlights ZIP codes where market activity is surging, prices are climbing…
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Brandywine Realty Trust is opening a $60 million hotel in Radnor
A $60 million, 121-room Marriott hotel catering to the suburban tenants of Brandywine Realty Trust is opening in Radnor this spring, writes Jake Blumgart and Michael Klein for The Philadelphia Inquirer. “We were constantly hearing from our tenant base that as they were bringing people in from out of town, there was no real high-end,…
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Valley Forge Military College Pushes Back on Eminent Domain Idea
A decision by the Radnor Township Board of Commissioners to seize 17 acres of the Valley Forge military school campus in Wayne is not sitting well with the foundation that oversees Valley Forge Military College, writes Ryan Mulligan for Philadelphia Business Journal. “Now I know how Greenland feels,” said Valley Forge Military Academy Foundation…
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First Bank House of the Week: Mid-Century Modern in Drexel Hill
A lovely mid-century modern home at 68 Pilgrim Lane, featuring four bedrooms and three and a half bathrooms, has recently hit the market in Drexel Hill, writesPaul Jablow for The Philadelphia Inquirer. A slate walkway with arts and crafts style light fixtures leads to the 3,314-square-foot split-level house. The stone and mahogany exterior opens into…
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Toll Brothers’ Birch Run at New Britain Luxury Community Opens in Chalfont
Fort Washington-based Toll Brothers has opened Birch Run at New Britain, a luxury townhome community in Chalfont, with the first homes expected to be ready for spring move-in. Three-story, three-bedroom townhomes at the community will offer open-concept floor plans of more than 2,000 square feet, including flex rooms and two-car garages. Homebuyers can select quick…
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Delaware County Housing Market Is Frozen at the Moment
Delaware County’s housing market matches the weather outside. It’s frozen, writes Michaelle Bond for The Philadelphia Inquirer. Potential home sellers and buyers didn’t interact much last month. Slow sales were reported in the 50 most populous metropolitan areas, including Delaware County and Philadelphia, according to a Redfin analysis. Sales were down about 4 percent in…
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First Bank House of the Week: Former General Store Now a Family Home for Sale in Media
A charming home at 126 N Providence Road in Media that once operated as the general store of Providence Village, with five bedrooms and four and a half bathrooms, is available for sale, writes Paul Jablow for The Philadelphia Inquirer. The oldest section of the home dates back to the 18th century, with additional sections…
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Philadelphia Metro is One of 10 Job Markets Setting the Stage for Strong Housing Demand in 2026
Of the numerous factors that impact the housing market, one is emerging as particularly important for 2026: employment. Employment strength is the driver behind buyer confidence, income growth, and, ultimately, housing demand. Conversely, slower hiring, layoffs, and rising unemployment have a direct correlation to weaker housing markets. With this logic, NewHomeSource parent company Zonda produced…
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Hatboro Wawa Sells for $7.4M in Major Local Real Estate Deal
A recently built Wawa in Hatboro has changed hands in a multimillion-dollar deal, writes Schwedelson for The Philadelphia Business Journal. Ivyland-based Altimari Properties purchased the Wawa at 412 S. York Road for $7.4 million. The convenience store was completed in 2023. It sits at the busy intersection of York and Horsham roads and includes fuel…
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First Bank House of the Week: Brick-Front Colonial in Media
A stunning brick-front colonial home at 20 Kingston Road on 1.17 attractive acres with four bedrooms and four and a half bathrooms is available for sale in Media. This thoughtfully updated residence blends classic architectural character with refined modern comfort, has a well-balanced layout designed for both everyday living and entertaining. Distinctive details include refinished…
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Scarcity and Celebrity Influx Send Value of New Hope Riverfront Homes Skyrocketing
Prices for riverfront homes in New Hope have surged in recent years, driven by limited inventory and a growing influx of celebrities to the charming Bucks County town, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale of a Delaware River property for $9.5 million highlighted the durability of higher home prices in…
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Toll Brothers Joint Venture Sells Apartment Building Outside of Boston for $131M
A joint venture between Fort Washington-based Toll Brothers and an affiliate of The Carlyle Group has sold an apartment building outside of Boston for $131 million, writes Grant Welker for the Philadelphia Business Journal. Pantzer Properties, a New York real estate investment firm, bought the 289-unit property located roughly 15 miles from downtown Boston. The…
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Swiss Investment Company Acquires Rittenhouse Square Building for $5.23M, Conversion Possible
MZP AG, a Switzerland-based investment company has purchased a Rittenhouse Square building in a $5.23 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. The six-story building at 1619 Walnut Street is mostly-vacant and saw a 70 percent decline in its sale compared to the $19.2 million New York-based Nuveen Real Estate paid in…
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