Real Estate
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Greater Philadelphia Among Top Three of America’s Best Buyers’ Markets
Anyone looking to buy a home in the Philadelphia metro region is in luck, as new research released by Zillow puts the area among the top three of buyers’ markets nationwide, writes Shannon Rooney for the Philadelphia Inquirer. This news, however, may not be quite as welcome to sellers. The research has found price reductions…
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Redesign of Media Home Focuses on Family
A couple’s newly-bought house, a home business, and growing athletes converged near Media to create a uniquely stylish and functional home for four. “Everything I designed was with the idea of how our family would use it,” said architect Jackie Gusic in a Philadelphia Inquirer report by Diane Fiske. “We created a house that is…
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House of the Week: Majestic English Manor in Newtown Square
A majestic English Manor set on nearly 13 acres of lush land that guarantees stunning views and much-coveted privacy is up for sale. The home perfectly blends classic and sturdy, old-world stone construction with the best modern amenities and refinements. The six-bedroom, six-bathroom home is breathtaking in its incredible architectural design. It features 10-foot ceilings…
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Real Estate Firm Takes a Swing at Redeveloping Edgmont Country Club
Living on the edge of a golf course is often coveted real estate, but residents in Edgmont may soon have a chance to live right on the former fairways and greens of the Edgmont Country Club. Ridgewood Real Estate Partners bought the Edgmont Country Club last spring, and is now working on the early stages…
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Tinicum Land Owned by Media-Based Henderson Group Key to Airport Expansion
Talk of expanding the Philadelphia International Airport has circled overhead for decades, but the busy hub trapped by highway and waterway has been unable to land a deal for 136 acres of prime land next door. A new Philadelphia City Council ordinance that would help value the land may change that. “The airport is land…
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Greater Philadelphia’s Housing Market May Be Losing Some Momentum
While Greater Philadelphia’s housing market remains buoyant according to the annual numbers, quarterly declines indicate that the momentum may be slowing down. According to a Metrostudy survey of the Philadelphia region’s housing market for the fourth quarter of last year, the 2,275 new homes started show a 19.4 percent decrease from the previous quarter, and…
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Balance Between Work, Life Lures Equus from Center City to Newtown Square
The goal of giving its employees the good life has led Equus Capital Partners to pull out of the city and invest in a better work-life balance in the suburbs. Equus just announced it will leave its 35,000-square-foot lease in center city, and move into a new 42,000-square-foot building at Ellis Preserve in Newtown Square,…
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House-Flipping in Greater Philly Its Hottest Since the Great Recession
Flipping houses in and around Philadelphia is once again a buzzword for the first time since the Great Recession, according to a Philadelphia Inquirer report by Caitlin McCabe. With Philly neighborhoods ablaze in the practice and pockets of hot house-flipping action in every suburban county, the metro area is now No. 4 in the nation…
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With Real Estate Blossoming in the ’Burbs, Four of City’s Private Equity Funds Achieve Record Numbers
With the prime real estate markets blossoming in the Philadelphia suburbs, the city’s real estate private equity funds are achieving record numbers, with four of them amassing a staggering combined total of $18 billion since their inception, writes Natalie Kostelni for the Philadelphia Business Journal. And Equus Capital Partners, Exeter Property Group, Lubert-Adler, and Rubenstein…
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Radnor’s Brandywine Realty Trust Has Bold Vision for Camden
Brandywine Realty Trust is laying out a bold vision to pioneer a desolate plot of land across the Delaware River from Philadelphia, and a new Camden, N.J., headquarters for Subaru of America is driving the plan toward reality. Brandywine Realty Trust aims to surround Subaru with 1.5 million square feet of new office space, a…
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Updates May Be Coming to Pennsylvania’s ‘Antiquated’ Property Assessments
Property assessments haven’t changed in suburban Philadelphia since the turn of the century or before. And after eight years in the making, updates to the rules that have enabled Pennsylvania to “become known for having the least regulated — and most antiquated — property assessment system in the country” are finally on the horizon, according…
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Future of Towne House Restaurant in Media Still Uncertain
The Towne House Restaurant in Media does not have a new owner since it closed in 2015, and despite other development in the area, it still stands vacant, according to a staff report from All Things Media. The much-loved restaurant that welcomed families for decades closed last year. For a prime location right in the…
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Radnor’s Brandywine Realty Spearheading Philly’s First Vertical Neighborhood
With the increasing number of millennials opting for urban living, developers are attempting to meet this growing demand by building huge vertical neighborhoods in major cities, writes Lauren deLisa Coleman for Forbes. Radnor-based Brandywine Realty Trust is spearheading one of the first of these projects with its FMC Tower at 2929 Walnut Street in Cira…
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Real Estate Giant Celebrates 130 Years of Guiding Consumers Through Complex Transactions
From owners reluctant to hire him in his youth to a complementary business reluctant to sell to him in his prime, Berkshire Hathaway Home Services Fox & Roach Realtors Chairman and CEO Larry Flick has earned people’s trust throughout his career. And now, the small two-office firm started two decades before his arrival spans 45…
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House of the Week: Mediterranean Rose Preserved by Titanic Survivor in Radnor
Built in 1912, a beautiful historic Palladian home that has been cared for by a Titanic survivor’s family for more than a century, is up for sale in Radnor, writes Sandy Smith for Philadelphia magazine. Named “Rock Rose,” the eight-bedroom and eight-bathroom home was designed by Zantziger, Borie & Medary. The structure was originally a…
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House of the Week: Brick Beauty in Haverford
Few if any mansions on the Main Line can boast the elegant detail and extraordinary features of a gorgeous and relatively modest brick Colonial home up for sale in Haverford, writes Sandy Smith for Philadelphia magazine. The 1921 mansion is situated on a beautifully maintained 1.57-acre hillside lot. However, the inviting outside is just an…
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East Lansdowne Offers Great Investment Potential
While East Lansdowne might be tiny, covering only 0.2 square miles, its real estate market offers great investment potential, writes Alan Heavens for the Philadelphia Inquirer. The densely populated area offers plenty of single-family detached homes and twins, but very few row houses, according to Barbara Mastronardo, associate broker at Weichert Realtors in Media. When…
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Philadelphia is Northeast’s Most Affordable City to Live
Homes are edging toward even more affordable levels in the Northeast’s most affordable city to live, according to a Philadelphia magazine report by Sandy Smith on the latest affordability data from HSH.com. The annual salary you’d need to buy a median-priced home within the Philadelphia metro area dropped $314 over the last quarter to $53,108.…
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