Real Estate
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House Prices Have Skyrocketed in These Bucks County Towns
Over the past five years, five Bucks County towns have seen house prices soar, with some home values increasing by as much as 80 percent, writes JD Mullane in the Bucks County Courier Times. “Analyzing 15 years of data across thousands of neighborhoods shows not just where wealth concentrates, but how dramatically fortunes have shifted since the…
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Fort Washington’s Toll Brothers Sues Owner of Shuttered Golf Course in Florida
Fort Washington-based Toll Brothers has sued the owner of a shuttered Florida golf course to enforce a purchase agreement on the 55-acre property, writes Brian Bandell for the Philadelphia Business Journal. The luxury homebuilder filed a complaint through its affiliate Toll Southeast on January 31 in the U.S. District Court in West Palm Beach against…
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Work Begins on Toll Brothers’ Royersford Development Featuring 30 Homes Starting at $1 Million
Fort Washington-based Toll Brothers has begun site work on its Royersford development, which will feature 30 single-family homes that will start at $1 million, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder purchased the 23-acre site at 183 Kline Road for $5.1 million in November. It sits just south of The Court…
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First Bank House of the Week: Bryn Mawr Estate Offers Luxury, Privacy, and Top Schools
Nestled on a quiet cul-de-sac in Bryn Mawr, the stately home at 913 Drexel Lane is listed for $4,500,000 and offers a rare blend of grandeur, privacy, and functionality. . . With over 8,000 square feet of living space on over an acre of land, this 6-bedroom, 5.5-bathroom property is ideal for upscale living and…
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Power Home Remodeling Expanding Chester Headquarters, 100s to be Hired
Power Home Remodeling has signed a 250,000 square-foot lease in Chester as it looks to expand its headquarters there, writes Ryan Mulligan for Philadelphia Business Journal. The expansion will also mean hiring 300 to 400 new workers. The 12-year lease adds 65,000 square feet to Power’s headquarters at the Wharf at Rivertown, the former Delaware…
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TF Cornerstone, Now Sole Owner of Historic Wanamaker Building, Reveals Conversion Plans
New York City real estate developer TF Cornerstone has officially solidified its full ownership of the historic Wanamaker Building in Center City, writes Noah Zucker for BisNow. After initially purchasing the building’s first three floors in 2019, the developer later acquired the fourth through 12th floors and 660 parking spaces in its underground garage last…
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Philadelphia Housing Authority CEO Has $6.3 Billion Plan to Address Philly Public Housing
The Philadelphia Housing Authority and its CEO Kelvin Jeremiah are on the verge of embarking on a $6.3 billion strategy to help address Philadelphia’s public housing challenges, writes Jake Blumgart for The Philadelphia Inquirer. The goal is to overhaul all 13,000 of its existing properties, building 3,000 new units, and buy 4,000 additional units in…
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Prime Retail Property Near King of Prussia Mall Hits Market with Top Tenants Secured
A brand-new retail hotspot is coming to the bustling King of Prussia area, and it’s up for grabs, writes Paul Schwedelson for the Philadelphia Business Journal. This 10,000-square-foot building at 129 S. Gulph Road is hitting the market for $13.29 million, offering an exciting opportunity for an investor looking to own prime real estate with…
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First Bank House of the Week: Tudor Treasure in Bryn Mawr Lists for $1.8M with Room to Entertain
Tucked into one of Bryn Mawr’s most charming neighborhoods, 321 Airdale Road hits the market at $1,799,000 and stands as a shining example of classic Tudor charm and refined modern living. . . This brick-and-stone English Tudor, beautifully positioned on nearly an acre, offers 5,000 square feet of renovated luxury. From its slate roof and…
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Beagle Hill Farm in Malvern Up For Grabs After Extensive Transformation
Beagle Hill Farm, a stunning estate featuring a beautiful 1821 traditional farmhouse with a rich legacy, has recently hit the market in Malvern, writes Mathew Abraham for MSN. Set on 14.8 acres, this home blends classic architectural charm with modern luxury. Elegant details like white oak hardwood floors, arched doorways, and a curved oak staircase…
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New Owner Sells Fairless Hills Wawa Site for $6.5M, Eyes Future of Former Big Lots Space
Four months after purchasing the Fairless Hills Shopping Center, discount retail chain Ocean State Job Lot has sold the property’s Wawa site for $6.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The Rhode Island-based retailer sold the parcel at 530 Lincoln Highway in Fairless Hills in an off-market deal to a private buyer.…
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Ivyland Home Among Most Expensive Currently on Market in Pennsylvania
Priced at $5,995,000, Ivy Manor in Ivyland ranks among the most expensive homes that are currently on the market in Pennsylvania, writes Jon Dykstra for MSN. The 7-bedroom, 11-bathroom residence is situated on more than five perfectly manicured acres. Recently renovated by Zaveta Custom Homes, it features two one-bedroom apartments, a two-story in-law suite, and…
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Fort Washington’s Toll Brothers Highlights Strength of High-End Housing Market
While many buyers are struggling to break into the housing market, luxury homebuilder Toll Brothers has a different angle, writes Vishaal Sanjay for Benzinga. During its second-quarter earnings call, CEO Douglas Yearley Jr. shared insights into the Fort Washington’s company’s customer base, which leans heavily on wealthier and older buyers. “Over 70% of our business…
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First Bank House of the Week: Timeless Tudor Revival in Elkins Park Hits the Market for $1.3M
Set on over an acre along Cedar Road in Elkins Park, this stately 1928 Tudor Revival home blends historic character with modern updates and is listed at $1,295,000. . . Designed by acclaimed architect Robert Rodes McGoodwin, the 6-bedroom, 3.5-bath stone residence features signature craftsmanship throughout, from walnut floors and arched doorways to marble and…
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Toll Brothers Plans 115 Active-Adult Carriage Homes in Upper Southampton Township
Toll Brothers recently acquired 37 acres of undeveloped land in Upper Southampton Township for $7.2 million, where it plans to build 115 active-adult carriage homes, writes Paul Schwedelson for the Philadelphia Business Journal. The development, located at 984 Second St. Pike across from Tamanend Community Park and aimed at people ages 55 and older, will…
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BET Investments Champions Suburban Retail and Mixed-Use Development
Michael Markman, President of Dresher-based BET Investments, sees retail as being in an exceptionally strong position within the current landscape of commercial development, writes Paul Schwedelson for the Philadelphia Business Journal. Markman has worked in retail his entire career and has recently specialized in developing suburban mixed-use projects that feature both residential and retail components.…
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First Bank House of the Week: Classic Meets Contemporary in This $2.53M Bryn Mawr Estate
Tucked into one of Bryn Mawr’s most desirable neighborhoods, the house at 1035 Old Gulph Road delivers understated luxury and thoughtful craftsmanship throughout. Listed at $2,525,000, this five-bedroom stone Colonial blends classic charm with refined updates across a serene, landscaped parcel. . . A flagstone path welcomes you into a sunlit foyer, leading to an…
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Ellis Preserve Developer in Newtown Square Looking at Industrial Sites
An affiliate of Equus Capital Partners in Newtown Square is working to raise $500 million for an industrial property fund, writes Paul Schwedelson for the Philadelphia Business Journal. Equus Industrial Partnership L.P., formed in 2024, has raised $136 million toward the fund so far, according to a filing with the U.S. Securities and Exchange Commission.…
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