Real Estate
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Mayor Parker Launches New Task Force to Revitalize, Renew Struggling Market East Corridor
Mayor Cherelle Parker and her administration have announced the formation of the Market East Advisory Group, tasked with renewing Market East, write Joe Brandt and Natasha Brown for CBS News Philadelphia. The new task force is a partnership between Comcast, the Philadelphia 76ers, the Fashion District’s owner Macerich, Brandywine Realty Trust, Thomas Jefferson University, Visit…
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Top-Selling Karen Strid Team Makes Move to Compass from Berkshire Hathaway
Karen Strid has moved her top-selling Main Line team from Berkshire Hathaway HomeServices Fox & Roach to Compass, writes Ryan Mulligan for the Philadelphia Business Journal. The official switch was in October. Based in Rosemont, the Karen Strid Team closed nearly $108 million in home sales last year, ranking third among midsize real estate teams…
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Federal Realty Launches Leasing for Blayr, a $170M Main Line Development
Federal Realty Investment Trust has begun leasing for Blayr, a 217-unit luxury apartment building in Bala Cynwyd, the company announced in a press release. Federal Realty expects move-ins in March 2026. The project marks the second phase of Federal Realty’s $170 million redevelopment along the City Avenue corridor, designed to create a vibrant, walkable community…
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Ten Penn Center Sold in $30M Deal, Conversion Project to Follow
The sale of Ten Penn Center is now complete, closing a $30 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. PMC Property Group acquired the 27-story, Center City building from a partnership between two firms, Sterling Equities in New York and Greenville Partners based in West Chester. This sale close comes more than…
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First Bank House of the Week: Beautiful Contemporary in Huntingdon Valley
A gorgeous contemporary home on 0.68 acres with five bedrooms and four and a half bathrooms is available for sale in Huntingdon Valley. . . This magnificent residence showcases remarkable craftsmanship throughout its expansive layout. Elegant details include gleaming marble flooring, soaring ceilings, and an abundance of natural light enhancing the home’s sophisticated character. .…
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Yolanda Hadid Bids Farewell to New Hope Farm in Emotional Tribute
Yolanda Hadid, seemingly having found a buyer for her New Hope farm and equestrian estate, has written a heartfelt tribute to the home she has cherished for years, writes Natalia Senanayake for the People. Last week, the model and designer shared a farewell to the property she had owned since 2017 on Instagram. The farm…
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Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson for the Philadelphia Business Journal. The investors who have acquired the iconic Spanish baroque buildings plan to make capital improvements to the property, hoping to enhance its tenant value. “We…
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Ohio Investment Firm Buys Quarry Center in Havertown for $80M
The Quarry Center at 116 Township Line Road in Havertown has been sold for more than $80 million to Ohio-based Mid-America Management, writes Paul Schwedelson for Philadelphia Business Journal. The price paid is one of the highest in the Philadelphia region in recent years for a grocery-anchored shopping center. The 31-acre, 222,500-square-foot shopping center, anchored…
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Conshohocken’s Morgan Properties Expands Affordable Housing Impact
Morgan Properties, the Conshohocken-based real estate powerhouse, is expanding its footprint in the affordable housing space, writes Ryan Mulligan for the Philadelphia Business Journal. Their NewPoint Impact Fund I is a national financing initiative supporting new and preserved affordable communities. The fund has already backed $600 million in municipal bonds across 17 transactions, resulting in…
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Vacant Pharmacy Locations Offer Prime Opportunity for Philadelphia’s Grocers
As many retail spaces that were formerly occupied by struggling national pharmacy chains hit the market across Philadelphia, grocers are viewing them as ideal spots to grow their footprint, writes Noah Zucker for BisNow. A former Walgreens space located at Broad and Snyder streets in South Philadelphia will soon become a Met Fresh supermarket. The…
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Affordable Senior Housing Project Breaks Ground In Ardmore
Construction has started on Ardmore House II, an affordable housing project designed to help seniors stay in one of Montgomery County’s most expensive towns, writes Kim Hudson for CBS News Philadelphia. HumanGood, a national nonprofit group, is building the 48-unit building, similar to the one that it already operates in Philadelphia, the Janney Apartments in…
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First Bank House of the Week: Ambler’s Elegant 5-Bedroom Estate with Pool and Designer Touches
Nestled on a private 0.81-acre lot in Ambler, this $1,200,000 custom-built estate offers over 5,200 square feet of refined living in the award-winning Upper Dublin School District. . . The five-bedroom, four-and-a-half-bath home merges classic architecture with modern upgrades, creating a sanctuary that feels both grand and welcoming. . . An impressive marble foyer with…
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Buckingham Developer Looks to Breathe New Life into General Greene Inn
Buckingham real estate investor and builder Bob Welch is hoping to breathe new life into the historic General Greene Inn, writes Jeff Werner for the Patch. Welch has signed agreements to buy the building located at the intersection of Durham and Old York roads, in the heart of Buckingham Township. The deal was announced by…
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Abrams Realty’s Plan for Exton Square Redevelopment Rejected
Abrams Realty & Development plans to file a lawsuit following the West Whiteland Township Board of Supervisors’ rejection of its master plan to redevelop the Exton Square Mall, writes Noah Zucker for BISNOW. “For political reasons, it looks like these guys didn’t want to approve us,” said developer Peter Abrams. “My partners and I view this…
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Affordable Senior Living Community, Named After Late Chairman of Firstrust Bank, Opens in Bucks County
State and local officials recently joined community supporters to celebrate the opening of Federation Housing’s newest senior living community, the Daniel B. Green House. The 60-unit community in Trevose will help address the Philadelphia region’s growing demand for affordable housing for older adults. Dedicated to providing housing for individuals who meet low-income housing requirements, the community will allow…
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Ohio Investment Firm Buys Quarry Center in Havertown for $80M
The Quarry Center at 116 Township Line Road in Havertown has been sold for more than $80 million to Ohio-based Mid-America Management, writes Paul Schwedelson for Philadelphia Business Journal. The price paid is one of the highest in the Philadelphia region in recent years for a grocery-anchored shopping center. The 31-acre, 222,500-square-foot shopping center, anchored…
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Toll Brothers Plans Massive Age-Restricted Community on 100 Exton Acres
Toll Brothers has paid $70 million for a 100-acre site in Exton, where it plans to construct its largest age-restricted residential development in the Philadelphia area, writes Ryan Mulligan for the Philadelphia Business Journal. The luxury homebuilder, based in Fort Washington, acquired the parcel at 301-305 Church Farm Lane. The planned project will have 317…
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South Jersey Firm Buys Willow Grove’s North Crossing Apartments
A South Jersey company is investing big in Willow Grove’s rental market, writes Ryan Mulligan for the Philadelphia Business Journal. Gibbsboro-based Friedman Realty Group has purchased North Crossing Apartments for $27.6 million, with plans to pour several million more into upgrades. Moreland Hall has owned the 145-unit complex at 3625 Welsh Road for 55 years.…
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