Commercial Real Estate
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Ardmore Music Hall Group Saves Historic Baltimore Concert Hall
The team behind the Ardmore Music Hall is extending its reach beyond the Philadelphia region with the acquisition of a longtime Baltimore concert venue, writes Morgan Simpson for The Philadelphia Business Journal. This marks the company’s first expansion outside its home turf. Rising Sun Presents Takes Over the 8×10 Ardmore-based Rising Sun Presents has acquired…
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Bryn Mawr’s Lancaster Avenue Corridor Sees Rare Portfolio Sale Listing
A rare opportunity has surfaced for investors eyeing one of the Main Line’s tightest commercial corridors, writes Paul Schwedelson for The Philadelphia Business Journal. A collection of mixed-use buildings along Bryn Mawr’s Lancaster Avenue has officially hit the market. Brokers say the scarcity alone could drive serious interest. The Properties Philadelphia-based Rubin Management is marketing…
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Historic Trumbauer-Designed Mansion Near Rittenhouse Square Hits the Auction Block
A rare slice of Gilded Age Philadelphia is about to change hands, and possibly its purpose entirely. The Edward C. Knight Mansion, tucked just off Rittenhouse Square at 1629 Locust St., is heading to auction this month, Ryan Mulligan writes for the Philadelphia Business Journal. Designed by Horace Trumbauer — the architect behind some of…
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The Station at Hatboro Secures $20 Million in Permanent Financing
A 102-unit apartment community in Hatboro called The Station at Hatboro has landed $20 million in permanent financing, writes ROI-NJ. This is the latest sign of the borough’s growing apartment boom along its York Road corridor. $20 Million Deal Closes for Newest Hatboro Project G.S. Wilcox & Co., a Morristown-based commercial real estate investment banking…
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$105M Redevelopment Finally Moving Forward in Willow Grove
After nearly two years of delays, a major redevelopment project in Willow Grove is finally moving forward, writes Paul Schedelson for The Philadelphia Business Journal. Federal Realty Investment Trust plans to begin demolition this spring at the Willow Grove Shopping Center to make way for 261 apartments and new retail space. The $105 million project…
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Vanguard Ditches Malvern Office Lease, Cutting Building Occupancy to 36 Percent
Vanguard is walking away from 87,600 square feet of office space in Malvern, a move that will send one building’s occupancy from 100 percent to 36 percent, reports Paul Schwedelson for the Philadelphia Business Journal. The investment giant’s lease at 45 Liberty Blvd. in the Great Valley Corporate Center expires at the end of June, and Vanguard informed landlord FLD Group that it won’t…
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Embassy Suites Near Philadelphia Airport Listed for Sale As Investors Eye 2026 Event Boom
A well-known all-suite hotel steps from Philadelphia International Airport has hit the market, and the timing is no coincidence. The Embassy Suites by Hilton Philadelphia Airport, a 263-room property at 9000 Bartram Ave., is being offered for sale as investors look to cash in on what could be one of the most lucrative stretches in…
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Morgan Properties’ New Tech Chief Has a Bold Vision for AI and Its Workers
As artificial intelligence reshapes industries across the country, one question keeps coming up in break rooms and boardrooms alike: Will AI replace jobs? At Conshohocken’s Morgan Properties, the second-largest apartment owner in the country, the answer is no, writes Jonathan Lehrfeld for CoStar News. At least according to the executive hired to lead that charge.…
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Why Markets Like King of Prussia Are Winning: A CEO’s Guide to Location Strategy
CEOs today are navigating a moment defined by competing pressures – remote work, hybrid expectations and a narrow talent market. Many are sitting on large footprints of underutilized office space – an issue playing out across the country – while simultaneously trying to position themselves near the workforce they need to stay competitive. Today’s leaders…
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From Dead Mall to Town Center: The Plan to Reimagine Neshaminy Mall in Bensalem
For generations of Bucks County residents, Neshaminy Mall was more than a shopping center. It was where people saw movies, wandered the food court, bought back-to-school clothes, and spent Friday nights during the height of the suburban mall era. Now, the future of the Bensalem property appears headed in a much different direction. In July…
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Willow Grove’s Massive $115M Transformation Could Reshape Montco’s Future
For most of its life, the Willow Grove Shopping Center was exactly what it sounds like: a place you drove to, parked at, and left. Functional. Forgettable. A fixture of the suburban routine. That version of Willow Grove is on the way out. A $115 Million Reinvention Federal Realty Investment Trust broke ground Wednesday on…
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North Philadelphia’s Long-Vacant Budd Plant Could Be Transformed Under New Rezoning Plan
A massive, long-dormant industrial complex in North Philadelphia may finally be getting a second life, and the vision for it is an ambitious one. City Councilmember Curtis Jones Jr. has introduced legislation to rezone the former Budd Company plant in the Nicetown-Tioga neighborhood, opening the door to residential, mixed-use, and commercial development alongside life sciences…
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Historic Boyd Theatre Marquee At Risk As Owner Seeks to Modernize Philadelphia Landmark
The Boyd Theatre has survived closure, a preservation battle, and the demolition of most of its auditorium, but now its iconic marquee may be next to go. Pearl Properties, which owns Philadelphia’s last great downtown movie palace, wants to remove the theater-style marquee and modernize the recessed storefront, writes Jake Blumgart for The Philadelphia Inquirer.…
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How One Montco Township Fought Back Against Development and Won
Sixty-two acres of open farmland in Montgomery County came within a vote of becoming hundreds of apartments and office buildings, writes John Worthington for The Reporter. Then something remarkable happened. The people spoke. And the farm lived. On May 19, Lower Salford residents voted 82% to 18%, with 3,130 yes votes to just 680 no,…
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New CEO, Bigger Vision: How Toll Brothers Plans to Dominate Luxury Homebuilding in 2026
Toll Brothers has never been a company that plays it small. Now, with a new CEO at the helm and an ambitious expansion plan taking shape, the Fort Washington-based luxury homebuilder is making clear that its biggest moves may still be ahead, writes Paul Schwedelson for The Philadelphia Business Journal. Karl Mistry, a 22-year company…
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Chubb’s New $380 Million Center City Office Tower Is Redefining the Future of Office Work
Chubb’s new 348,000-square-foot tower at 2000 Arch Street represents more than just a new headquarters, but rather offers a glimpse into the future of Philadelphia’s office market and Center City development, writes Paul Schwedelson for the Philadelphia Business Journal. The 18-story, LEED Platinum-certified tower is part of a roughly $380 million investment that will bring…
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One of Lansdale’s Busiest Retail Corners Just Hit the Market
One of Lansdale’s most recognizable shopping destinations is on the market, with a price tag of around $55 million, writes Paul Schwedelson for The Philadelphia Business Journal. Water Tower Square, a fully occupied 269,000-square-foot retail center on Horsham Road, has been listed for sale. Blue Bell-based Goldenberg Group developed the property and has owned it…
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Tastykake’s Navy Yard Headquarters Sold to Salt Lake City-Based Investment Firm in $87M Deal
Tastykake’s headquarters at the Philadelphia Navy Yard has been sold to Salt Lake City-based Bridge Investment Group, writes Paul Schwedelson for the Philadelphia Business Journal. Prologis, the logistics real estate firm that had owned the 345,500-square-foot property since 2020 after a merger with Liberty Property Trust, sold the building in a $87 million deal. The…
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