Real Estate
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Feasterville Plaza Sells for $18.5 Millon, Eight Percent Less Than Last Time it Traded in 2011
An entity owned by Nandish Patel, founder of Langhorne’s Phoenix Nexus Enterprises, recently bought Feasterville Plaza for $18.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The sale price for the 110,000-square-foot shopping center in Feasterville was 8 percent lower than the last time the property traded hands in 2011. The property was previously…
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Morgan Properties Moves Headquarters to Conshohocken
Morgan Properties officially moved its headquarters to Conshohocken from King of Prussia, reports Kevin Tierney for More Than the Curve. The apartment rental agency held a ribbon cutting ceremony on September 4 for their new home at the Millennium Complex along the Schuylkill River. The move began in 2018 when they purchased the three office…
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Mediterranean-style Gladwyne Mansion Hits Market for $4.975M
A six-bedroom, seven-bathroom Mediterranean-style Gladwyne home with almost 10,000 square feet of living space recently hit the market for $4.975 million, writes Ryan Mulligan for the Philadelphia Business Journal. The Main Line residence lies on 2.8 attractive acres near The Philadelphia Country Club. The private golf club is one of the top clubs in the region.…
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First Bank House of the Week: Picturesque Contemporary in Collegeville
A picturesque contemporary home set on 2.32 acres with four bedrooms and four and a half bathrooms is available for sale in Collegeville. . . This gorgeous residence is perfectly nestled at the end of the cul-de-sac. Its beautiful front entrance leads to the main level that features a stunning two-level family room with a wall of windows and fireplace, an…
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Conshohocken Firm Seagis Expands Into New York City
Conshohocken-based Seagis Property Group is spreading its footprint further into New York, reports Kevin Smith for the Philadelphia Business Journal. The 10,000 square foot property is in Long Island. Seagis purchased the property for its great building-to-land ratio and proximity to Manhattan. The property was purchased for $5.9 million from Lagos Realty who owned the…
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King of Prussia Company Billionaire Sells Mansion with Staggering Price Tag
The billionaire founder of King of Prussia’s Universal Health Services, Alan B. Miller sold his Florida vacation home for a pretty penny, reports Brian Bandell for the Philadelphia Business Journal. Gladwyne’s Miller originally purchased the 7,167 square foot property in 1992 for $2.25 million. Thirty-two years later, he sold the property for $18.25 million to…
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First Bank House of the Week: Extraordinary Contemporary in Merion Station
An extraordinary contemporary home on 1.48 acres with four bedrooms and three and a half bathrooms is available for sale in Merion Station. This stunning custom-built residence offers a luxurious and inviting atmosphere. Hardwood flooring, the Pella windows, and soaring ceilings are among its amazing details. . . Highlights include an elegant entrance foyer, a…
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Couple Finds Local Colonial With ‘Good Bones’ and Gets to Work on Its Old World Charm
Nicole and Kenny Klein wanted to move from Manayunk to a suburban neighborhood where they could walk to at least one restaurant. They found that place in Havertown, writes Terri Akman for The Philadelphia Inquirer. Even better they fell in love with a 1950s stone Colonial, even though the center hall had a pinkish carpet…
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Money Magazine Names This Delaware County Town Among 50 Best Places to Live in US
Media Borough and Lancaster are two locations in Pennsylvania that are among the 50 best places to live in the U.S. for 2024, according to Money Magazine. Media was praised for being a walkable Philadelphia suburb with plenty of parks, restaurants and good schools, according to the Tribune News Service, as reported in the Daily…
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Step Inside the $5.99M ‘Gatsby Barn’ in New Hope: A 1920s-Inspired Luxury Estate
A luxurious property in New Hope, once home to famed musician Leon Redbone, is now on the market for $5,995,000, writes Ariana Perez-Castells for The Philadelphia Inquirer. Located at 2169 Aquetong Rd, the 9,800-square-foot estate, known as “The Gatsby Barn,” underwent a complete transformation after its current owner, Mike Dalewitz, purchased it in 2018. Dalewitz,…
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Children’s Author Selling Her Massive Bucks County Estate for $14.5 Million
A wealthy couple in the Bucks County area is selling a major estate in the area for a hefty price, and it is one of the best homes in the region. Sarah Paynter wrote about the estate for The Wall Street Journal. Children’s book author Cheryl Olsten, along with her husband, financial adviser Steven Grabowski,…
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Lower Mortgage Rates Mean Big Numbers for Toll Brothers
While lower mortgage rates are opening the resale market, Fort Washington homebuilders Toll Brothers think it will be a boon for new homes as well, reports Paul Schwedelson for the Philadelphia Business Journal. In recent years, higher mortgages and federal interest rates have pushed many home buyers into new construction. Toll Brothers hit record numbers…
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$6M Villanova Estate Owned by Founder of Luden’s Cough Drops Goes to Auction
A Villanova estate known as Georgian Manor, built in 1929 by the founder of Luden’s cough drops, will be auctioned off next month, writes Ryan Sharrow for Philadelphia Business Journal. The 18,600 square-foot property at 720 N. Spring Mill Road, has been on the market for 2-1/2 years. The home has eight bedrooms and 11…
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First Bank House of the Week: Custom Rambler in Its Own League in Lansdale
A stunning custom rambler home on 1.86 acres with six bedrooms and five and a half bathrooms is available for sale in Lansdale. . . This exceptional residence is nestled on a peaceful cul-de-sac and offers both panoramic views and seclusion. Pella windows in every corner, ten- to thirteen-foot ceilings, and bespoke flooring are just…
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Joel Embiid Puts Society Hill Penthouse Up For Sale
Philadelphia 76ers center Joel Embiid is selling his luxury penthouse in Society Hill for $5.5 million writes Michael Tanenbaum for PhillyVoice. Embiid’s condo on the 11th floor of a building at 101 Walnut Street is a two-bedroom property that covers about 3,500 square feet. It includes two balconies on the main level, and a private…
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Side by Side and World’s Apart: A Look Inside These Deceptively Similar Wynnewood Homes
Two colonials that sit next door from each other in the middle of Wynnewood look like carbon copies from the outside, but looks can be deceiving, explains Sally A. Downey for MSN. Both houses, built around 1939, share the same stone facade. Both are two stories with four bedrooms, and a bay window out front.…
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This Gladwyne Gothic Mansion Takes You Back in Time
Deep within heavily wooded Gladwyne hides a luxurious gothic-style mansion that gives visitors a sense that they are lost in time. Ben Silver at Main Line Today spotlights the beautiful home at 56 Crosby Brown Road. The original structure was built in 1905 as a carriage house for an adjacent property. The other property has…
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Five Major Developments Bring Over 1,700 Apartments In and Around Center City
Amid a surge in multifamily projects throughout Philadelphia, five major developments have brought over 1,700 apartments in and around Center City this summer, writes Paul Schwedelson for the Philadelphia Business Journal. Overall in Philadelphia, 2,653 new apartments were built during the first six months of the year. The five high-profile developments include: Together, they have…
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