Real Estate
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Horsham’s Workspace Property Trust Welcomes Tony Nichols as Senior Vice President
Tony Nichols is bringing his extensive real estate industry knowledge and experience to Horsham’s Workspace Property Trust as its new Senior Vice President. He joins Workspace Property Trust’s executive team from Liberty Property Trust, where he was Vice President & Market Officer for suburban Philadelphia. “We are extremely fortunate to have Tony become a senior…
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Horsham’s Toll Brothers Aims to bring Contemporary Design to Philly’s Jewelers Row
Horsham’s Toll Brothers is not backing down to demands from preservationists, instead it is offering new plans for its luxury condo tower in Center City’s Jewelers Row that favors contemporary design with some traditional flourishes, writes Jacob Adelman for Philly.com. The three buildings at left in this photo are the ones Toll Brothers has acquired…
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West Conshohocken’s Five Tower Bridge Re-Listed for Sale
West Conshohocken’s Five Tower Bridge has been relisted for sale a little over a year after it was originally put on and then removed from the market by its owner, MIM-Hayden Real Estate Fund I, writes Natalie Kostelni for Philadelphia Business Journal. The Fund, a partnership of Hayden Real Estate Investments and Miller Investment Management…
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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. (Image via Philly.com) 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…
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Retail Landlords Offering Innovative Enticements to Attract New Tenants
With the race to attract new retail tenants becoming fiercer, many landlords including the King of Prussia Town Center developer JBG Companies are coming up with new incentives to get the best retailers, generate buzz, and create foot traffic to their developments, writes Suzette Parmley for Philly.com. According to Tom Sebastian, senior vice president of…
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Huston Developer Brings Signature Luxury Apartments to King of Prussia
Huston’s Hanover Company has entered the King of Prussia residential market with its signature designer apartments offering tenants a luxury residence with unique amenities and direct access to the constantly evolving King of Prussia Town Center. Residents of Hanover Valley Forge at 300 Village Drive will be able to take full advantage of the developing…
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Q4 2016 King of Prussia Commercial Property Summary
By Eric Goldstein In Q4 2016, vacancy rates in King of Prussia continued to drop for Class A commercial office space to 6.8% and nearly a full percentage point for all commercial office categories to a low of 12.1% for the year. This represents a 5% reduction in vacancy from Q4 2015. Leasing activity for…
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King of Prussia’s Economic Success Set to Continue This Year
For nearly a decade, King of Prussia has been one of the driving forces in economy of the Greater Philadelphia area, and this year promises to offer more of the same, according to a staff report from Philadelphia Business Journal. Just how attractive King of Prussia area is to real estate investors is visible from…
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Gladwyne Retains Richest Philadelphia Region Zip Code Crown
The tally is in, and Gladwyne has managed to retain its crown as the richest ZIP code in the Philadelphia region, writes Sandy Smith for Philadelphia Magazine. Philadelphia Business Journal has published its annual list of the 25 wealthiest ZIP codes in the region as 19035 triumphed again. Montgomery County suburb set just beyond the…
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Philly.com: All Roads Lead to Upper Gwynedd
Getting to Upper Gwynedd is an easy affair for anyone looking for a home in the neighborhood as this Montgomery Township has great road access and SEPTA’s Doylestown Line also has a stop nearby, writes Alan J. Heavens for Philly.com. Another draw to the area is the obvious dedication of the township to preserve and…
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Colony Realty Partners Nabs $54 Million for Oaks Distribution Hub
Colony Realty Partners of Boston made a great investment ten years ago when they nabbed the Greentree Logistics Center in Oaks for $34 million, as the property has just sold for $20 million over its original purchase price, writes Natalie Kostelni for Philadelphia Business Journal. The 823,000-square-foot distribution hub at 125 Green Tree Road was…
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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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House of the Week: $1.8M Lower Merion Home
A charming recently fully renovated six-bedroom home, located in an excellent school district, is on offer in Lower Merion, writes Shannon Rooney for Philly.com. Situated just across the street from Lower Merion High School, it used to be owned by Hilary Koprowski, inventor of the first live-virus polio vaccine. Recently purchased by investment company Flip…
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Philly.com: Hatfield Township’s Affordability, Scenery, Transit Options Driving Home Sales
Montgomery County’s Hatfield Township offers beautiful surroundings for a lower price than other similar areas in the North Penn School District, writes Alan J. Heavens for Philly.com. “In this area, people usually search by school districts,” says Diane Williams, of Weichert Realtors in Blue Bell. Hatfield, is located on Route 309 just after Montgomeryville, and…
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MCDC Celebrates Annual Holiday Party, Charity Bash
The Montgomery County Development Corporation (MCDC), an organization with a mission to promote the growth of business, industry, and civic welfare in the county, recently hosted its 6th annual Holiday Mixer and Charity Bash at the Great American Pub, with more than 150 people attending. Each year, the MCDC nominates a charity to raise monetary…
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Toll Brothers Looking to Capture Millennial’s Hearts, Dollars with Lower Priced Homes
Horsham’s Toll Brothers is taking a different approach in trying to capture the millennial home buyer market by building a range of more affordable homes, writes Caitlin McCabe for Philly.com. The new range of homes, called the “T-Select” line is being tested in the Houston, Texas, market. The company also feels that it has the…
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Horsham’s Arris Group Goes Downtown, Cozies Up to Comcast
Horsham’s Arris Group saw an opportunity to increase its telecommunications business by opening an office closer to Comcast’s headquarters, writes Bob Fernandez for Philly.com. The telecom equipment manufacturer and developer has hundreds of employees in Horsham. But it realized around five years ago that while its location was good for its current market, its biggest…
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Dow Chemical’s Old 133 Acre Lower Gwynedd Site Under Agreement while Further Plans Considered
A new development may be coming to the 133-acre former Dow Chemical site in Lower Gwynedd now that developer MRA Group has put the property under agreement, writes Natalie Kostelni for Philadelphia Business Journal. The developer is currently in the process of coming up with possible plans for redeveloping the property off Norristown Road. The…
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