Commercial Real Estate
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Lindsey Scannapieco Successfully Transformed the Bok Building, She’s Now Eyeing Broad Street
Within two years of acquiring the Bok Building in 2015, developer Lindsey Scannapieco had a moment when she overheard a group of people raving about her work transforming the shuttered high school. The former South Philadelphia high school is now a collaborative workspace for several local artists, makers, small businesses, and nonprofits with a rooftop…
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How Fort Washington’s Toll Brothers Is Thriving in a Tough Housing Market
Fort Washington’s Toll Brothers found the sweet spot in a tough housing market, writes Ryan Mulligan for The Philadelphia Business Journal. As new home sales slow nationally, major homebuilders are pivoting toward active adult communities. Toll Brothers is leading the charge through its Regency brand. Regency communities are built around lifestyle. Clubhouses, pickleball courts, fitness…
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Developers Bet Big on Horsham With Major Luxury Apartment Community
After years of planning, a major luxury apartment project is finally moving forward in Horsham Township, writes Paul Schwedelson for The Philadelphia Business Journal. Developers are breaking ground on AVE Horsham. The 274-unit apartment community is planned for the former Telerx call center site at 723 Dresher Road. The project is being developed through a…
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Towamencin Weighs Housing Development for Beloved Freddy Hill Farms Property
The future of the former Freddy Hill Farms property remains a hot topic in Towamencin, writes Dan Sokil for The Reporter. Township supervisors recently reviewed a revised proposal from Pinnacle Realty that would bring 207 housing units to the longtime dairy farm and entertainment site. The property has been under discussion since the Seipt family…
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Medical Office Building in Warrington Changes Hands in $17.25M Deal
Stone Manor Medical Office Building in Warrington has been acquired by Cornerstone Cos., a healthcare real estate development and investment firm based in Indianapolis, for $17.25 million, writes John George for the Philadelphia Business Journal. Built in 2007 as part of the Stone Manor Corporate Center, the 62,750-square-foot building recorded 93 percent occupancy at the…
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Sale of Flats at Lansdale Tops Regional Averages, Signals Strong Demand
A major apartment complex in Lansdale has changed hands, underscoring the strength of Montgomery County’s rental market, writes Paul Schwedelson for The Philadelphia Business Journal. New York-based DRA Advisors has acquired Flats at Lansdale, a 180-unit community located along Towamencin Avenue, for $58 million. The purchase marks the firm’s first multifamily investment in Pennsylvania. The…
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Morgan Properties’ Massive Growth Pushes It Near the Top Nationwide
Morgan Properties continues to climb the ranks of the nation’s largest apartment owners, the Conshohocken company announced in a press release. The company ranked No.2 on the 2026 National Multifamily Housing Council list. It moved up from No. 3 last year after adding nearly 13,800 units, more than any other firm on the list. Morgan’s…
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Gladwyne’s David Adelman Expands Campus Apartments with $400M Fund Push
Real Estate firm, Campus Apartments, is gearing up for its next major growth phase, writes Emma Dooling for The Philadelphia Business Journal. The firm led by Gladwyne’s David Adelman is seeking to raise up to $400 million through a new private equity fund to fuel development projects across the country. The company plans to use…
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Bucks County 150,000-Square-Foot Shopping Center Listed for Sale
Yardley’s Prickett Preserve shopping center, anchored by Wegmans, has been put on the market, writes Paul Schwedelson for the Philadelphia Business Journal. According to JLL’s listing, the shopping center spans nearly 150,000 square feet and was completed two years ago, and is 98 percent occupied. Wayne’s Envision Land Use and Langhorne’s DeLuca Homes collaborated to develop the shopping center. While they initially…
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Chesterbrook Campus Leases Office Building to New Tenant with International Connections
Rubenstein Partners’ Chesterbrook office campus has scored a new tenant for the 41,700 square foot building at 965 Chesterbrook Blvd: equipment insurance provider HSB, writes Noah Zucker for BisNow. Currently based in Wayne, Hartford Steam Boiler, otherwise called HSB, is subsidiary of German firm Munich Reinsurance Co. The move to Chesterbrook is a relocation of services.…
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Bucks County Manufacturer Signs Lease for Bristol Building, Plans More Jobs
Bucks County-based Airline Hydraulics Corp. signed a lease for a 184,611-square-foot industrial facility in Bristol, which it plans to fully occupy, writes Paul Schwedelson for the Philadelphia Business Journal. The hydraulic, pneumatic, and automation products distributor will be moving into the new location this summer, with plans to add 50 new jobs. The facility will be used for manufacturing…
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H Mart Could Turn Lansdale Shopping Center into Cultural Hub
A long-struggling Lansdale shopping center may be on the verge of a turnaround, writes Tony Di Domizio for North Penn Now. Plans tied to H Mart bring renewed energy and cultural significance to the Hillcrest Shopping Center. The proposed addition of the popular Asian grocery chain signals more than just a new tenant. For Montgomery…
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SEPTA Makes Plans That Could Reshape Montco Living
Montgomery County communities are at the center of SEPTA’s latest strategy to reshape how and where people live near transit, writes Thomas Fitzgerald for The Philadelphia Inquirer. SEPTA is leveraging land it owns to partner with developers on transit-oriented housing projects. Major plans are already underway in Ambler and Conshohocken. The goal is to increase…
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Elkins Park’s Abrams Realty Adds Fitness Concept to Growing Retail Portfolio
An Elkins Park-based real estate firm is continuing its expansion across the region with a new retail move in Philadelphia, writes Paul Schwedelson for The Philadelphia Business Journal. Abrams Realty & Development has secured a major anchor tenant for a shopping center it acquired last year along Girard Avenue. The firm purchased the 42,000-square-foot property…
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Plymouth Meeting Mixed-Use Plan Scrapped as Developer Pivots to New Idea
A proposed mixed-use redevelopment in Plymouth Meeting has been shelved, and the developer is now pivoting to a more traditional commercial use for the site, writes Paul Schwedelson for The Philadelphia Business Journal. Dresher’s BET Investments, the developer behind the project, hoped to transform part of the Conshohocken Ridge Corporate Center into a residential and…
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Logistics Center Proposed for Former Tank Farm in Darby Township
A four-building, 1.3-million square-foot logistics center is being proposed on the edge of Delaware County in Darby Township, writes Ryan Mulligan for Philadelphia Business Journal. Stream Realty Partners out of Dallas is proposing a warehouse development on 106 acres off Calcon Hook Road at the former Darby Creek Tank Farm oil storage site owned by…
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David Simon, CEO of Simon Property Group, Owner of King of Prussia Mall, Dies at 64
David Simon, president and CEO of Simon Property Group, the owner of King of Prussia Mall, died at 64 on March 22 following a battle with cancer, according to a staff report from WUSA9. Simon was “the singular leader who built Simon Property Group into the largest and most admired retail real estate company in…
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Newtown Authority Moves to Sell Land After Canceling Wastewater Treatment Project
The Newtown-Bucks County Joint Municipal Authority plans to seek court permission to sell the 17-acre parcel once slated for a now-canceled wastewater treatment plant, writes Lacey Latch for the Bucks County Courier Times. Situated on the border with Middletown Township, the site drew nearly a year of complaints from Middletown residents in the densely populated…
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