Real Estate
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With a Hand from Firstrust Bank, Frankel Enterprises Partners with PHDC to Deliver Affordable Homeownership
As Philadelphia continues to grapple with a shortage of affordable housing, a new partnership between the Philadelphia Housing Development Corporation (PHDC) and Frankel Enterprises, a civic-minded and forward-thinking real estate development firm, is helping qualified residents unlock the door to homeownership. Through PHDC’s Turn the Key initiative, Frankel Enterprises is developing more than 100 newly…
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Bala Cynwyd Investor Sells North Wales Industrial Portfolio at Nearly 50 Percent Premium
Velocity Venture Partners, based in Bala Cynwyd, has sold a seven-building industrial portfolio in North Wales for nearly 50 percent more than its purchase price from three years ago, writes Paul Schwedelson for the Philadelphia Business Journal. The Montgomery County investor sold the seven industrial properties to NorthBridge of Wakefield, Massachusetts, for $22.2 million. The…
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First Bank House of the Week: Inside a $1.29M Restored 1721 Manor in Abington’s Highland Farms
Set in the heart of Abington’s desirable Highland Farms neighborhood, this beautifully restored historic manor — listed at $1,299,900 — offers a rare blend of early American heritage and thoroughly modern living. As highlighted on Realtor.com, the home traces its origins to a 1721 William Penn land grant, making it one of the area’s earliest…
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Montgomery County Leadership: Dan Eisenstadt, CEO, Terramed Real Estate Solutions
Dan Eisenstadt, Founder and CEO of Terramed Real Estate Solutions, spoke with MONTCO Today about his earliest experiments in entrepreneurship as a kid in Westchester County, scalping concert tickets, and selling software in the days of eight-inch floppy disks. After graduating from UVA Law School and Harvard Business School, having already co-founded the Auschwitz Jewish…
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Boston-Based Seyon Group Pays $17.5M for Three King of Prussia Buildings
Boston-based Seyon Group recently acquired three buildings in King of Prussia’s Renaissance Park for $17.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The three properties, totaling roughly 100,000 square feet, were sold by Brian O’Neill’s MLP Ventures and include 3600, 3602, and 3100 Horizon Drive, with the final address being the home of…
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Stunning Glass Barn in New Hope Is on the Market for $6.25M
The Glass Barn stands as an architectural masterpiece in New Hope, defined by design that emphasizes open space and the natural scenery around it, writes Giselle DaMier for Jersey Digs. The five-bedroom, three-and-a-half bathroom home, listed at $6,250,000, first appeared in Architectural Record in 1988 and was given a full renovation in 2020. Its standout…
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Royal Oak Realty Trust Picks Up $29M Industrial Site in Upper Providence
Royal Oak Realty Trust recently purchased a two-building complex in Upper Providence Township for $29.25 million, writes Ryan Mulligan for The Philadelphia Business Journal. The 14-acre property at 500 Prosperity Drive sits along the Schuylkill River, directly across from Phoenixville, and remains fully leased to longtime tenant Global Packaging Inc. The site has been a…
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A Peek Inside Yolanda Hadid’s New Hope Estate on 32 Pastoral Acres
A magnificent New Hope estate, owned by Yolanda Hadid, featuring an 1810 farmhouse, three guest cottages, and a historic barn brings together timeless character and thoughtfully designed modern comforts, writes Vasila Khurshid for The Amazing Mom Life. The immaculate 32 acres of grounds, first deeded in 1682, showcase sweeping lavender fields as well as beautifully…
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New Yorkers Lead a Sharp Rise in Out-Of-Town Rental Demand For Philadelphia Properties
Philadelphia-area apartments are experiencing a surge in interest from out-of-town renters, fueled largely by newcomers who are relocating from New York, writes Ryan Mulligan for the Philadelphia Business Journal. During the third quarter of 2025, Philadelphia apartment listings saw greater traffic from out-of-region renters than from local residents, a trend that represents a significant shift…
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Huntingdon Valley Estate of Former 76ers Owner Harold Katz Hits Market for $3.9M
A Huntingdon Valley estate with deep ties to both local history and Philadelphia sports is now on the market for $3.9 million, reports Ryan Mulligan for the Philadelphia Business Journal. The nearly seven-acre property was once home to Harold Katz, the late Philadelphia 76ers owner and founder of Nutrisystem. Katz purchased the estate in 1979…
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Morgan Properties Marks 40th Anniversary With Massive $354M REIT Deal
Morgan Properties has officially completed its landmark acquisition of Dream Residential Real Estate Investment Trust for $354 million, the company announced in a press release. The cross-border transaction privatizes the Canadian REIT and adds 15 communities totaling 3,300 units across Texas, Ohio, Kentucky, and Oklahoma. The deal reflects the aggressive, high-capacity acquisition strategy long championed…
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First Bank House of the Week: Stunning Greystone Home Hits Market at $1.62M in Ambler
Tucked into a quiet cul-de-sac in Horsham Township, this impressive estate at 703 Daventry Way arrives on the market at $1,624,999, offering sophisticated design, expansive living space, and a true resort-style backyard. . . As detailed on Realtor.com, the custom-built home spans more than 6,400 square feet and sits on a beautifully manicured 1.57-acre lot…
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Greystone Hall in West Chester Sold for $6.5 Million
New York-based Mirbeau Hospitality Services has purchased the 44-acre Greystone Hall in West Chester for $6.5 million, and intends to transform it into a luxury boutique resort and spa, writes Emma Dooling for the Philadelphia Business Journal. Earlier this month, the company finalized the purchase of the property, which features a three-story mansion, a garage,…
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Bank of New York Mellon to Relocate, Significantly Reduce Philadelphia Office Space in 2026
The Bank of New York Mellon Corp. is planning to vacate its longtime namesake building in Center City as it reduces its Philadelphia office space, writes Paul Schwedelson for the Philadelphia Business Journal. Currently located at 1735 Market Street, the financial services firm plans to relocate to the One Logan Square building along the Benjamin…
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Former Landhope Dairy Farm in Kennett Square to Become New Wedding Venue
Jeffrey A. Miller Hospitality Group is partnering with the owners of the former Landhope dairy farm on a $6 million adaptive reuse project to transform the site into a new wedding and event destination in Kennett Square, writes Emma Dooling for the Philadelphia Business Journal. Named Willowdale, the new event space is slated to open…
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This Delaware County ZIP Code Is in the Nation’s Top 50 Luxury Housing Markets
Affluent homebuyers are snatching up properties in Villanova, making it one of the top luxury housing markets in America, writes Ryan Mulligan for Philadelphia Business Journal. Villanova’s 19085 ZIP Code ranks 49th on a list of 258 ZIP Codes, according to third-quarter listing and sales data from Intercontinental Exchange. It was the only Philadelphia-area market…
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First Bank House of the Week: A Rare Neutra-Designed Home Hidden in King of Prussia
Tucked away on a serene two-acre lot in Gulph Mills, the Richard Neutra–designed Coveney House offers a rare blend of architectural heritage and natural tranquility. . . Listed at $2,495,000 on Realtor.com, this mid-century modern masterpiece is one of only six private residences in the Philadelphia region created by the iconic architect. Completed in 1963…
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Wayne-Based Berger Development Breaks Ground on $40 Million Trolley Square Apartments
Berger Development, based in Wayne and part of Berger Communities, recently broke ground on Trolley Square Apartments in Wilmington, writes Ryan Mulligan for the Philadelphia Business Journal. Located in Wilmington’s bustling entertainment and dining district, the 130-unit project will cost $40 million to complete. The company now has four ongoing projects, following the completion of…
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