Real Estate
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Toll Brothers’ Footprint in Arizona Expands with Massive 700-Home Project
Fort Washington’s Toll Brothers, alongside Lennar Corp. and Shea Homes, has secured nearly 300 acres of state land in Peoria, Arizona, to develop a new housing community, writes Angela Gonzales for Philadelphia Business Insider. The partnership acquired the land through a $46.9 million auction held by the Arizona State Land Department on November 25. The…
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First Bank House of the Week: Gorgeous Colonial in Lower Gwynedd
A gorgeous colonial home on 0.92 attractive acres with four bedrooms and five and a half bathrooms is available for sale in Lower Gwynedd. . . This exceptional residence blends privacy and sophistication on lushly landscaped grounds. It boasts many beautiful details, such as custom millwork, built-in shelving, and recently refinished wood floors. . .…
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Philadelphia’s Aion Partners, Goldman Sachs’ Vintage Strategies Team Up for New Real Estate Venture
Philadelphia-based apartment owner Aion Partners has joined forces with Vintage Strategies at Goldman Sachs Alternatives and a global sovereign investor for a new $1 billion joint venture to acquire value-add apartments, writes Paul Schwedelson for the Philadelphia Business Journal. An additional $700 million will go toward renovating approximately 4,000 units at its Mid-Atlantic properties. Aion…
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Overbrook Home Previously Owned by Muhammad Ali, Kobe Bryant’s Grandparents Goes Up for Sale
A home in the Overbrook neighborhood that has ties to two of the world’s greatest athletes — Muhammad Ali and Kobe Bryant — is looking for a new buyer, writes Ryan Mulligan for the Philadelphia Business Journal. Ali first purchased the home for about $70,000 in 1970 and used it as a personal retreat and…
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First Bank House of the Week: Beautiful Victorian in Wyncote
A beautiful Victorian home on 0.78 lovely acres with five bedrooms and five and a half bathrooms is available for sale in Wyncote. . . This 1920s custom-designed charming residence on a serene wooded lot, blends historic character with modern updates. Many stunning details include high ceilings, deep windowsills, and original woodwork. . . Highlights…
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Meyer Designs Stunning Conshohocken Headquarters for CenterSquare
Architecture and design firm, Meyer Design has completed a $4 million, 24,000-square-foot office fit-out for CenterSquare Investment Management in Conshohocken, reports Citybiz. This new headquarters marks a significant move for CenterSquare after 30 years at their previous location. The new space combines aesthetics and functionality to support the firm’s real estate investment operations and diverse…
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Reggie Jackson’s Childhood Wyncote Home to be Demolished
Reggie Jackson’s childhood home at 149 Greenwood Avenue in Wyncote is facing demolition, writes Michael Tanennbaum for Philly Voice. His father, Martinez Jackson, ran a tailor shop there on the first floor in the 1950s and 1960s, and for a time operated a bootleg whiskey business from the home. Martinez Jackson, a World War…
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Abington’s Hollywood Neighborhood: Glamorous Name, Unique Charm
Abington Township’s Hollywood neighborhood may not be as glamorous as its namesake, but it has developed its own unique charm and strong community spirit over the decades, writes Kevin Riordan for The Philadelphia Inquirer. The neighborhood was developed by Gustav Weber, who aimed to create a residential community inspired by Spanish Revival architecture. He chose…
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First Bank House of the Week: Stunning Brick-front Colonial in Horsham
A stunning brick-front colonial home on 0.34 lovely acres with four bedrooms and three and a half bathrooms is available for sale in Horsham. . . >>> Nestled in a picturesque setting, this gorgeous residence is the perfect mix of elegance and luxury. Many beautiful details include hardwood flooring, travertine tiles, wainscotting, and tray ceilings…
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BET Investments Plan Major Developments in Conshohocken
BET Investments recently acquired the 16-acre Conshohocken Ridge Corporate Center for $17 million, reports Paul Schwedelson for the Philadelphia Business Journal. The company plans to redevelop the site into a mixed-use community featuring up to 200 apartments, retail space, and retaining some office space. BET aims to create a vibrant environment similar to its successful…
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Abington Home’s Three-story Deck Feels Like ‘Tree House’
Tim and Tracy Panella turned a 1920 Abington home into a personal haven with abundant interior space as well as a three-story back deck, writes Terri Akman for The Philadelphia Inquirer. The couple fell in love with the home as soon as they saw it six years ago. “From the outside, the house looked like…
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First Bank House of the Week: Compelling Contemporary in Haverford
A compelling contemporary home on a lovely 0.9 lot with four bedrooms and four full and two half bathrooms is available for sale in Haverford. . . Perfectly nestled in a charming woodland setting on a quiet cul-de-sac, this gorgeous McElroy home overlooks a picturesque waterfall and the pristine Mill Creek. . . With spectacular…
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West Norriton Industrial Portfolio Sells with Giant Huge Price Tag
Western Valley Forge Business Center and IIT Valley Forge Business Center sold a six-building light industrial portfolio in West Norriton. The sale went to affiliates of Endurance Real Estate Group and Greystar-Thackeray for $31.75 million, writes Paul Schwedelson for the Philadelphia Business Journal. The six structures include three buildings located at 2495 Boulevard of the…
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Ogle Some of Grand Old Estates of the Main Line During a Driving Tour
If you are looking for a fun way to spend a day, take a driving tour of the grand old Main Line estates, writes County Lines Magazine. While many have been demolished over the years, those still standing are as majestic as ever. Start the tour at Grey Craig in Devon, designed in 1902 by…
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First Bank House of the Week: Stunning Revolution-era Stone Home in Conshohocken
A stunning Revolution-era stone home on 2.17 lovely acres with five bedrooms and four and a half bathrooms is available for sale in Conshohocken. . . This stunning residence was originally created by uniting centuries-old textile mills that was later transformed into a modern masterpiece by local artisans with exceptional charm and taste. The home…
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Large Plymouth Meeting Executive Campus Sells for Steep Discount
FLD Group and the Adjmi family have purchased the Plymouth Meeting Executive Campus for $65.5 million, writes Paul Schwedelson for Philadelphia Business Journal. The price tag was significantly below initial market expectations of over $100 million. The five-building, 521,288-square-foot Class A office complex sold for $126 per square foot, a 14% price drop from its…
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First Bank House of the Week: Gorgeous Colonial in Royersford
A gorgeous colonial home set on 6.5 beautiful acres with six bedrooms and three bathrooms is available for sale in Royersford. . . Originally an inn, this stunning property has been transformed into a welcoming home that seamlessly blends luxury, comfort, and convenience. Lovingly modernized, it retains its timeless old-world charm. . . Highlights include…
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First Bank House of the Week: Exceptional Modern Traditional in Collegeville
An exceptional modern traditional home on 1.42 beautiful acres with four bedrooms and four and a half bathrooms is available for sale in Collegeville. . . This stunning property is a true private paradise featiring a pool with a waterfall and hot tub. The pool cabana has a kitchenette, bedroom, a full bathroom, and plenty…
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