Real Estate
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Major Lansdale Apartment Complex Sells for $92M
Lansdale’s Pennbrook Station apartment complex has changed hands in one of the most expensive multifamily deals in the Philadelphia region this year, writes Ryan Mulligan for The Philadelphia Business Journal. An affiliate of TIAA and its real estate arm Nuveen acquired the 346-unit complex for $92.2 million. The 22-acre property, located at 100 Reading Circle,…
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Chesterbrook Campus Leases Office Building to New Tenant with International Connections
Rubenstein Partners’ Chesterbrook office campus has scored a new tenant for the 41,700 square foot building at 965 Chesterbrook Blvd: equipment insurance provider HSB, writes Noah Zucker for BisNow. Currently based in Wayne, Hartford Steam Boiler, otherwise called HSB, is subsidiary of German firm Munich Reinsurance Co. The move to Chesterbrook is a relocation of services.…
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Folks Are Lining Up These Days to Buy Homes Along the Main Line
There are bidding wars for Main Line homes currently selling well above their asking price, writes Ryan Mulligan for the Philadelphia Business Journal. The prestige of living on the Main Line is causing a gold rush mentality for people hoping to buy property there. Realtor Karen Strid listed a Radnor home on Tuesday as a…
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First Bank House of the Week: Villanova Home for Sale Offers Bold Design in a Private Setting
Listed at $1,475,000, this architecturally distinctive Villanova home offers a striking blend of modern design and serene privacy in Lower Merion Township. For a closer look at the full listing, visit Realtor.com. Set on a 1.07-acre lot along a quiet double cul-de-sac, the four-bedroom, three-and-a-half-bath residence is hitting the market for the first time since…
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Historic Farmhouse Featured in ‘Marley & Me’ Hits the Market in West Chester
A unique piece of Chester County film history is available for sale as a stunning West Chester farmhouse hits the market, writes Ariana Perez-Castells for The Philadelphia Inquirer. The interior and exterior of the farmhouse, located at 1775 Meetinghouse Road, appeared in the 2008 film Marley & Me. The beloved movie stars Owen Wilson and…
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Howard Hanna Real Estate Services Opening 40-Agent Office in Devon
Howard Hanna Real Estate Services plans to open a 40-agent office in Devon, marking its entry into the Main Line market just months after its regional debut, writes Ryan Mulligan for the Philadelphia Business Journal. Opening this spring, the Devon office will be led by Janet Rubino, who, along with her husband Art Herling, recently joined Howard Hanna from Long…
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Bucks County Manufacturer Signs Lease for Bristol Building, Plans More Jobs
Bucks County-based Airline Hydraulics Corp. signed a lease for a 184,611-square-foot industrial facility in Bristol, which it plans to fully occupy, writes Paul Schwedelson for the Philadelphia Business Journal. The hydraulic, pneumatic, and automation products distributor will be moving into the new location this summer, with plans to add 50 new jobs. The facility will be used for manufacturing…
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H Mart Could Turn Lansdale Shopping Center into Cultural Hub
A long-struggling Lansdale shopping center may be on the verge of a turnaround, writes Tony Di Domizio for North Penn Now. Plans tied to H Mart bring renewed energy and cultural significance to the Hillcrest Shopping Center. The proposed addition of the popular Asian grocery chain signals more than just a new tenant. For Montgomery…
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SEPTA Makes Plans That Could Reshape Montco Living
Montgomery County communities are at the center of SEPTA’s latest strategy to reshape how and where people live near transit, writes Thomas Fitzgerald for The Philadelphia Inquirer. SEPTA is leveraging land it owns to partner with developers on transit-oriented housing projects. Major plans are already underway in Ambler and Conshohocken. The goal is to increase…
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Elkins Park’s Abrams Realty Adds Fitness Concept to Growing Retail Portfolio
An Elkins Park-based real estate firm is continuing its expansion across the region with a new retail move in Philadelphia, writes Paul Schwedelson for The Philadelphia Business Journal. Abrams Realty & Development has secured a major anchor tenant for a shopping center it acquired last year along Girard Avenue. The firm purchased the 42,000-square-foot property…
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First Bank House of the Week: Villanova Estate Blends Mid-Century Style with Modern Upgrades
Listed at $1,995,000, this fully renovated Villanova estate blends mid-century modern design with high-end upgrades — and you can explore more via Realtor.com. . . Set along Valley Road in the sought-after estate section of Villanova, this six-bedroom, seven-bathroom home offers a compelling mix of architectural character and modern comfort. Recently reimagined from top to…
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Historic Witherspoon Building in Center City to Become 186-Unit Apartment Complex
After serving as Presbyterian Church offices and later as short-term rentals, the historic Witherspoon Building in Center City is being turned into a 186-unit apartment complex, writes Jake Blumgart for The Philadelphia Inquirer. SSH Real Estate, which owns the 11-story building that dates back to 1896, decided to discontinue short-term rentals after hospitality operator Sonder…
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Plymouth Meeting Mixed-Use Plan Scrapped as Developer Pivots to New Idea
A proposed mixed-use redevelopment in Plymouth Meeting has been shelved, and the developer is now pivoting to a more traditional commercial use for the site, writes Paul Schwedelson for The Philadelphia Business Journal. Dresher’s BET Investments, the developer behind the project, hoped to transform part of the Conshohocken Ridge Corporate Center into a residential and…
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Montco Real Estate Agent Turns to Instagram to Break Down Housing Policy
In a crowded housing market, one Montco real estate agent is taking a different approach, writes Abigail Covington for The Philadelphia Inquirer. Ross Abel, a newer agent with eXp Realty, is part of a growing wave of “realty-influencers” using social media to connect with buyers. But instead of flashy home tours, Abel’s Instagram account focuses…
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Logistics Center Proposed for Former Tank Farm in Darby Township
A four-building, 1.3-million square-foot logistics center is being proposed on the edge of Delaware County in Darby Township, writes Ryan Mulligan for Philadelphia Business Journal. Stream Realty Partners out of Dallas is proposing a warehouse development on 106 acres off Calcon Hook Road at the former Darby Creek Tank Farm oil storage site owned by…
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Philadelphia Housing Authority Purchases Olde Kensington Development in $49.1M Deal
Philadelphia Housing Authority has acquired a recently completed 200-unit development in Olde Kensington as part of its push to purchase several multifamily properties, writes Paul Schwedelson for the Philadelphia Business Journal. PHA paid $49.1 million for the Avenue V development, which was completed by Philadelphia-based Riverwards Group back in January 2026. “They gave us a…
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David Simon, CEO of Simon Property Group, Owner of King of Prussia Mall, Dies at 64
David Simon, president and CEO of Simon Property Group, the owner of King of Prussia Mall, died at 64 on March 22 following a battle with cancer, according to a staff report from WUSA9. Simon was “the singular leader who built Simon Property Group into the largest and most admired retail real estate company in…
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First Bank House of the Week: Upper Dublin Estate With Private Apartment
Priced at $1,585,000, this Upper Dublin property delivers a blend of luxury, space, and versatility. See the full listing at Realtor.com. Tucked into a quiet cul-de-sac, the seven-bedroom, 4.5-bath home spans more than 6,000 square feet and is designed to accommodate both everyday living and large-scale entertaining. . . A grand two-story foyer with a…
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