Real Estate
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Midcentury Modern Bryn Mawr Home Hits Market for $2.2M
A midcentury modern home in Bryn Mawr, inspired by the 1960s aesthetic popularized by the show Mad Men, hit the market last week for $2.2 million, writes Erica Palan for The Philadelphia Inquirer. The stunning residence impresses from the start with its jaw-dropping spiral staircase. “As soon as you walk in, you can see the…
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This Delaware County Town Declared a Best Place to Move to in Pennsylvania
The website Consumer Affairs has chosen a Delaware County community as one of the five best place to move to in Pennsylvania, writes Max Bennett for Patch. Drexel Hill placed at No. 2 among the top five destinations in the state for affordability, safety, economic strength, health care, education, and the quality of life. “Drexel…
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Historic Penn Valley Carriage House with Private Golf Greens Hits Market for $2.3M
A rare blend of Main Line history and modern luxury is for sale in Penn Valley, complete with a (partial) golf course, writes Ryan Mulligan for the Philadelphia Business Journal. Listed at $2.3 million, this 7,400+ square foot home sits on 1.6 acres near Gladwyne and features six bedrooms, seven bathrooms, and three backyard golf…
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Sheetz Goes on Offensive with Plan to Open Store Across from Wawa in Chester County
Sheetz is making a bold move in its rivalry with Wawa, pushing into its opponent’s territory with plans to open one of its first Greater Philadelphia locations in Chester County, writes Emma Dooling for the Philadelphia Business Journal. The convenience store and gas station chain plans to redevelop a shuttered Rite Aid in Downingtown, diagonally…
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First Bank House of the Week: Timeless Colonial with Viking Kitchen and Koi Pond
Tucked away on a serene corner lot in Wyndmoor, 7700 East Lane is a classic Colonial gem listed at $1,495,000, combining timeless elegance with modern upgrades across more than 4,100 square feet. . . This meticulously maintained five-bedroom, 3.5-bath home is located in the award-winning Springfield Township School District and offers refined living just minutes…
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Bucks County Housing Market Stands Strong Amid Slowing Nationwide Trends
While home prices are cooling across the country and even falling in some regions, the housing market in Bucks County still remains hot, fueled by steady demand and supported by the limited inventory, write Janice Kai Chen and Rachel Lerman for The Washington Post. Nationwide, prices for single-family homes increased by just 2.7 percent over…
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Montgomery County Home Prices Defy National Slowdown
While the national housing market is experiencing a slowdown, Montgomery County continues to see notable growth in home values, write Janice Kai Chen and Rachel Lerman for the Washington Post. Nationally, single-family home prices have increased by just 2.7% over the past year, a significant drop from the previous year’s 6% rise. In contrast, Montgomery…
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New Warehouse Set to Break Ground in Souderton
A new 176,000-square-foot warehouse is coming to Souderton from Endurance Real Estate Group and Greystar-Thackeray, writes Paul Schwedelson for the Philadelphia Business Journal. The 14-acre property previously belonged to Franconia Technology Associates, but no price tag was disclosed. Construction is expected to begin in the coming weeks and completion of the projected is expected by…
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Joint Venture Buys Bensalem, Newtown Shopping Centers for Total Price of $28.9M
Two open-air retail shopping centers in Bucks County sold to a joint venture for a total of $28.9 million, writes Paul Schwedelson for the Philadelphia Business Journal. ShopOne Centers REIT of New York City, together with London investment firm Pantheon, and a global institutional investor paid $15.38 million for Goodnoe’s Corner in Newtown and $13.55…
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First Bank House of the Week: Fort Washington Home Blends Luxury and Comfort on 1.2 Acres
Step into refined suburban living at 438 Dreshertown Road in Fort Washington, where sophisticated design and everyday comfort blend seamlessly. Listed at $1,350,000, this 5-bedroom, 3.5-bath estate sits on nearly 1.2 acres in the heart of Montgomery County. . . The home welcomes you with a grand marble foyer and flows into an open floor…
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WSJ: Morgan Properties Writes Colossal Check for Expansion into Midwest
Conshohocken’s Morgan Properties is making waves in the Midwest, scooping up 11 apartment communities across the region for $501 million, writes Rebecca Picciotto for the Wall Street Journal. The move adds more than 3,000 units to its portfolio and pushes the company past 100,000 apartments nationwide—an all-time high in its 40-year history. Long known for…
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Beautiful Ranch House and Business Property Hits Market in Green Lane for $532,000
A beautiful three-bedroom, two-bathroom ranch house surrounded by four outbuildings with many potential uses recently hit the Green Lane market for $532,000, writes Paul Jablow for The Philadelphia Inquirer. “It has a little bit of everything,” said owner Laticia Vigil. “We wanted our kids to have a full life.” The main house is perfectly nestled…
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Anthology Senior Living in King of Prussia Sells for $27M
Anthology Senior Living in King of Prussia has been sold for $27.4 million to Ohio-based real estate investment trust Welltower, about four years after its completion, writes Paul Schwedelson for the Philadelphia Business Journal. The 11-story senior living building, previously owned by Chicago developer CA Ventures, spans 255,000 square feet and was the tallest building…
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WSJ: Main Line Traditions with Million Dollar Views in Gladwyne
Gladwyne is a small but prestigious Main Line community where historic mansions meet modern luxury, writes Jessica Flint for the Wall Street Journal. Once a retreat for wealthy Philadelphians thanks to the expanding Pennsylvania Railroad, this roughly five-square-mile gem remains one of Pennsylvania’s priciest places to live—with a median home listing price of $3.7 million…
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Alterra Property Group Plans to Develop 300-Unit Apartment Building on SEPTA Land in Conshohocken
Alterra Property Group is planning to develop a 300-unit apartment building on SEPTA land in Conshohocken, writes Jake Blumgart for The Philadelphia Inquirer. The lot was previously planned to be a 528-space parking garage, but the project received significant pushback from transit advocates. SEPTA recently authorized a long-term ground lease and development contract for the…
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First Bank House of the Week: French Colonial Home Brings Luxury Living to Penn Valley for $1.69M
A French Colonial estate tucked away in Penn Valley is turning heads with its timeless elegance, thoughtful updates, and top-tier location. Listed for $1,699,000, 1429 Flat Rock Road offers over 4,200 square feet of stylish, functional living across two levels—plus a finished basement—on nearly an acre of lush, landscaped grounds. . . . From the…
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Stunning Main Line Mansion on the Market in Wayne
A 9,200 square-foot Wayne mansion, with parts of it dating back to the 1920s, is currently selling for $3.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The Main Line home features six bedrooms and nine bathrooms alongside a five-car garage. Situated in St. David’s neighborhood near Conestoga Road, this property is within walking…
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Interest in Ultra-Luxury Condos in Philadelphia Soars
Center City’s luxury multifamily properties are preparing for a busy sales and leasing season, driven by rising demand during the typically slow winter months, writes Ryan Mulligan for the Philadelphia Business Journal. The 48-story Laurel in Rittenhouse Square wrapped up 2024 on a hot streak, with its sales team predicting that the current year will…
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