Real Estate
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$1 Million Donation Kick Starts Renovation of Century-Old Mansion in Radnor Township
Renovations plans for a century-old mansion in Radnor Township have gained a huge boost through a $1 million anonymous donation, writes Alison Burdo for Philadelphia Business Journal. The Willows at 490 Darby-Paoli Road, covers almost 48-acres including a picturesque pond and fountains. But the million dollar donation is not enough to finance the entire renovation…
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Bala Cynwyd’s WCAU Television Studio Building on Lower Merion Conservancy’s 2017 WatchList
Bala Cynwyd’s WCAU Television Studio Building is among the historic properties on this year’s Lower Merion Conservancy’s WatchList, according to a staff report from Mainline Media News. For over two decades, Lower Merion Conservancy has published the WatchList. This helps protect historic properties in Lower Merion and Narberth under threat of demolition, neglect, or development.…
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Historic Log House Gets Second Chance from Lower Merion Resident
Lower Merion resident Jude Plum has painstakingly restored a three-hundred-year old log house to its classic original beauty, writes Linda Stein for Daily Times. The owner of the Jude Plum Salon in Bryn Mawr purchased the home four years ago after the death of its previous owner Anne Elder, who had declined to sell the…
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House of the Week: Extraordinary Stone Mansion in Gladwyne
An extraordinary six-bedroom, seven-bathroom secluded stone mansion in Gladwyne is available for sale in Gladwyne. The Estate at Maple Hill is set on 32 acres with a private lane that leads to the gorgeous home. The home’s architect Peter Zimmerman and Cherokee Construction have managed to perfectly blend traditional elements, such as its inlaid stone…
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BET Investments’ $150M Upper Dublin Project Ready to Move Forward
BET Investments has been granted preliminary approval to move forward on its $150 million mixed-use project in Upper Dublin, writes Natalie Kostelni for Philadelphia Business Journal. The Promenade at Upper Dublin will be developed on 75 acres at the corner of Welsh and Dreshertown Roads. It will be a smaller version of the popular Village…
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King of Prussia’s Morgan Properties Buys Multifamily Portfolio in Virginia for $509M
King of Prussia’s Morgan Properties has purchased a multifamily portfolio in Virginia for $509 million, bringing its total number of apartments to 40,000, writes Natalie Kostelni for Philadelphia Business Journal. The Mark Center portfolio in Alexandria is one of the biggest institutionally-maintained portfolios in the nation. It includes 2,664 apartments with a 63,320-square-foot retail center…
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From Chesco: Hankin’s 70-Acre Acquisition a Step Toward Securing Downingtown’s Largest-Ever Private Investment
The Hankin Group – an Exton-based real estate development, construction, and management company – has announced, in coordination with the Borough of Downingtown, Hankin’s acquisition of an approximately 70-acre tract of land located at the intersection of Boot Road and Route 322 in Downingtown Borough and East Caln Township. After spending more than two years…
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Chester County Mutual Fund May Be Montco’s Largest Retail Landlord
Vanguard is continuing to establish itself as the nation’s new landlord as it grows its real estate investments, writes Joseph N. DiStefano for Philly.com. According to Securities and Exchange Commission reports compiled by Bloomberg, Vanguard’s mutual funds and exchange-traded funds are now the largest shareholders in Real Estate Investment Trusts. REITs are the tax-protected…
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King of Prussia’s Transforms from Mega-Mall to Desirable Place to Live
Thanks in no small part to the efforts of King of Prussia Business District, King of Prussia has transformed itself from a mega-mall into a desirable place to live, writes Melissa Romero for Curbed Philadelphia. Eric Goldstein, executive director of the King of Prussia Business District, has been on the forefront of efforts to broaden…
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House of the Week: Stunning Stone Mansion in Gladwyne
Linden Hill, a stunning eight-bedroom, seven-bathroom stone mansion set on 50 acres, is available for sale in Gladwyne. The property was built in the early twentieth century by Edmund B. Gilchrist and was owned by the Dorrance family of Campbell’s Soup Company for over fifty years. The breathtaking entrance to the estate includes beautiful fenced…
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Woodfield Investments to Bring $31 Million Luxury Community to King of Prussia
Woodfield Investments has secured $31 million in equity financing for the development of a Class A luxury community in King of Prussia, writes Adelina Osan for Multi-Housing News. The 320-unit Woodfield Valley Forge complex will be at 580 Goddard Boulevard, close to Valley Forge National Park and will be part of The Village at Valley…
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More Montgomery County ZIP Codes Join Philadelphia’s $1 Million Neighborhoods
Four new ZIP Codes have joined Philadelphia’s $1 million neighborhoods club over the last three years, bringing the total to seventeen, writes Melissa Romero for Curbed Philadelphia. A recent Zillow report defined a $1 million zip code as a neighborhood that has at least ten percent of its homes valued in the seven figures or…
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Stephen M. Goldner, Architect of Bala Cynwyd’s Fairmount, Dies Aged 84
Stephen M. Goldner, the renowned Philadelphia architect and builder who designed Bala Cynwyd’s Fairmount, died on August 12 aged 84 after complications with lymphoma, writes Bonnie L. Cook for Philly.com. In his over six decade career, Goldner designed and developed many buildings in the Philadelphia area. One of his projects was the redevelopment of the…
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Suburban Real Estate Market Sizzles; Where Have Housing Prices in Montco Increased the Most?
Following years of sluggishness, the real estate market in the Philadelphia suburbs is finally experiencing the recovery it needs, writes Caitlin McCabe for the Philadelphia Inquirer. “It’s a kind of house-hunting frenzy that some experts say they have never seen before: The number of homes for sale is at record-low levels, and buyers are becoming…
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Suburban Philadelphia Commercial Real Estate Is Hotter Than Ever
What started as big-name REITs dumping their office portfolios in the suburbs over recent years has now taken on a life of its own. Demand for suburban office real estate is now eclipsing the sales activity in Center City, according to a Philadelphia Business Journal report by Natalie Kostelni. [uam_ad id=”54865″] “The market is vibrant…
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House of the Week: Stunning Estate in Wyndmoor
A picturesque four-acre estate in Wyndmoor centered around an elegant six-bedroom, five-full-bathroom French/English stone country home is available for sale, writes Sandy Smith for Philadelphia Magazine. The Ropsley estate was built at the beginning of the last century by Francis S. McIlhenny, an executive of Sun Oil. It was designed by the renowned Philadelphia architectural…
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New Study Shows Our Local Real Estate Market Is Enamored with Jacuzzis
New data has revealed that Jacuzzis and hot tubs are huge selling points in the suburban Philadelphia real estate market, and they, much like swimming pools in markets that have longer summers, add tremendous value to a home. The Montgomery County-Bucks County-Chester County Market ranks third among the 100 largest metros in the nation in…
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Toll Brothers Planning New 72-unit Townhouse Community in Hatboro
Horsham’s Toll Brothers has purchased an eight-acre plot in Hatboro for $3.9 million for the development of a new townhouse community, writes Natalie Kostelni for Philadelphia Business Journal. Named Hatboro Station, the development will have 72 three-story townhouses ranging from 1,700 to 1,900-square-feet. Prices will start in the mid-$300,000 range, significantly lower that the Montgomery…
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