Real Estate
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Conshohocken’s Tower Bridge Office Complex Developer Plans New Office Tower in Center City
The developer of the Tower Bridge office complex in Conshohocken and West Conshohocken is planning to add another office tower to his portfolio, this time in Center City, writes Natalie Kostelni for Philadelphia Business Journal. Don Pulver is proposing to build a 38-story office tower at 13th and Market Streets in Philadelphia. He has already…
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House of the Week: Inviting Tudor Style Home in Haverford
A gorgeous Lower Merion home reminiscent of an English manor in the Tudor style on an enormous, lush estate, is up for sale in Haverford for $2,295,000, writes Shannon Rooney for Philly.com. The five-bedroom and four full-bathroom historic carriage house at 151 Cheswold Valley Rd. in Haverford, has been tastefully renovated to create the perfect…
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Former O’Neill Site in Bala Cynwyd Back on Market after Development Project Falls Through
Despite already being approved for a mixed-use development project, the former O’Neill site on Rock Hill Road in Bala Cynwyd is back on the market, writes Richard Ilgenfritz for Main Line Times. The project for four four-story buildings with underground parking decks had been proposed by Brian O’Neill, the owner of O’Neill Properties. But despite…
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Much Hyped Urban Renaissance Fails to Dethrone Suburbs
The idea that Millennials are shifting from suburbs and back into cities has been challenged in a new report by the Urban Land Institute’s Terwilliger Center for Housing, writes Eleanor Klibanoff for Keystone Crossroads. The Housing in the Evolving American Suburb report, which looked at the years 2000 to 2015 in the 50 largest metro…
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Plymouth Township One of the Hottest Real Estate Markets in the Region
Affordable housing, a great location, and a sought after school district is making Plymouth Township one of the hottest real estate markets in the region, writes Alan J. Heavens for Philly.com. According to Gary Segal, of Keller Williams Realty in Blue Bell, there is no understating that fact. “I can sum up the market in…
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Philadelphia is Northeast’s Most Affordable City
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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House of the Week: Aspen Style Retreat in Gwynedd Valley
A property, adjacent to beautiful conservation land and inspired by traditional luxurious Aspen retreats, is up for sale in Gwynedd Valley, writes Shannon Rooney for Philly.com. Designed by Rene Hoffman, this six-bedroom and seven-bath home is situated on close to four acres of densely wooded land. The current owner purchased the house two years ago…
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Two King of Prussia Office Buildings Up for Sale
Two office buildings have gone up for sale in King of Prussia, which has proven to be one of the most active real estate investments markets in the region, writes Natalie Kostelni for Philadelphia Business Journal. The first on offer is the Triad building at 2200 Renaissance Blvd, which was about 20 percent leased and…
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Thousands of New Jobs Coming to KOP as 3 Companies Move Headquarters to Montgomery County
The new energy and momentum in King of Prussia continues to attract the interest of corporate headquarters in 2016. Within the last six months, three significant leases were announced in KOP including: The Judge Group (151 South Warner Road) HTH Worldwide (955 First Avenue) Vertex, Inc. (2301 Renaissance Boulevard) Combined, these companies will bring more…
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Influx of New Developments Motivating Landlords to Revamp Their Suburban Properties
Thanks to the influx of new developments in the suburbs, owners of Class B apartments are starting to invest heavily in renovating their properties in a preemptive move to stay competitive, writes Natalie Kostelni for Philadelphia Business Journal. These older buildings in areas such as King of Prussia and Phoenixville are getting new granite countertops,…
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House of the Week: Historic Refuge in Lush North Wales
Built in 1738, a charming historic farmhouse set on almost 12 acres of lush land is up for sale in North Wales, writes Sandy Smith for Philadelphia Magazine. A shining example of true American craftsmanship, the home’s two front doors take visitors into the main home and side wing, respectively. The sitting room welcomes everyone…
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Conshohocken’s Eight Tower Bridge Now on the Market
The Eight Tower Bridge office building in Conshohocken has been put up for sale with a projected price of around $300 per square foot, writes Natalie Kostelni for the Philadelphia Business Journal. Located in one of the area’s most sought after office submarkets, the 16-story, 345,000-square-foot building at 161 Washington Street is the largest of…
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A Billion-Dollar Year Puts Horsham’s Workspace Property Trust on the Map
In two deals spread over less than a year, Workspace Property Trust has set up shop in Horsham and amassed a $1 billion portfolio of offices in suburbs across America. Both transactions were negotiated and bought from Liberty Property Trust, which is shifting its focus away from the suburbs to urban and former industrial sites.…
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House of the Week: Apollo Creed’s Mansion from Latest Rocky Movie
Fans of the Rocky movies will get a chance to bid on the Lower Moreland mansion that featured as the home of Apollo Creed’s widow in the movie Creed, writes Jared Brey for Philadelphia Magazine. The stunning, 23-year-old Huntingdon Valley home is spread over 16,000 square feet, and boasts a movie theater ideal for binge…
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King of Prussia Home Welcomes New Owners After More Than Half-Century
Many families change homes as they grow and adjust with the times, but for King of Prussia’s Mycek family, one home was enough for a lifetime, writes Alan Heavens for the Philadelphia Inquirer. According to John Mycek, son of John S. and Mary Rita Esposto Mycek, the 56 years his family lived in the house…
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Conshy Investment Firm’s Deal in KOP Yields Massive Profit in Just Four Years
A Conshohocken investment firm known for revitalizing commercial properties just sold off a King of Prussia corporate plaza for a stunning 156 percent turnaround in just four years. Hayden Real Estate Investments bought 150 South Warner Road at auction for $11 million for its MIM Hayden Fund I, and just sold it to Boston-based Spaulding…
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House of the Week: Distinctly Handcrafted in Merion Station
Very little of 520 Greystone Road is what you’d expect from the outside looking in. This million-dollar Merion Station masterpiece represents the unique convergence of handcrafted creativity. Literally. Once part of a fractured estate, this five-bedroom, 4,237-square-foot House of the Week is the result of beautifully spliced carriage and Dutch Colonial houses, according to a…
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Montgomery County Home to Two of Top 50 Suburbs in America to Buy a House
Niche, an online resource that transforms the way people make big life decisions by providing reviews and insight from everyday experts on places to live and schools to attend, has released its 2016 rankings of the Best Suburbs to Buy a House in America. And two Montgomery County communities cracked the Top 50. West Conshohocken…
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