Real Estate
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Historic Tavern, a Popular Spot in Quakertown, Continues Search for a New Owner
A property in Bucks County, which predates a large portion of the country’s history, is continuing its search for a new owner. Sandy Smith wrote about the property for Philadelphia Magazine. The Raven’s Nest, located at 625 Old Bethlehem Road in Quakertown, has operated as a tavern since 1750. As one of the oldest and continuously-operating taverns…
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17 Montgomery County Communities Make State List of Fastest-Rising Home Prices; Is Yours Here?
The local residential real estate market is still a mixed bag, depending on which end of a transaction a Montgomery County resident finds him- or herself. For sellers, it’s boom time. For purchasers, it’s a bit of a nightmare of bidding wars and disappointment. The market mayhem is probably best noted by tracking home prices,…
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Malvern Bank House of the Week: North Wales Home from in the Black-and-White TV Era Gets 4K-Rez Update
435 Church Street in North Wales was built in 1958, the time of Dwight Eisenhower in the White House, four-cent postage stamps, and Crest toothpaste ads that trumpeted “Look ma, no cavities!” But between that time and this, the home’s interior has been completely redone, resulting in a modern-day, stylish property. The entryway broadcasts the…
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Owner of Bala Cynwyd’s Keystone Development + Investment Warns of Commercial Real Estate Slowdown
Bill Glazer, owner of Bala Cynwyd-based Keystone Development + Investment, is one of the busiest redevelopers in the Philadelphia area, reported Joseph N. DiStefano for The Philadelphia Inquirer. Since being founded in 1991, his company has updated or repurposed roughly 10 million square feet of office space and other commercial property. Glazer is, however, warning…
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Villanova Buys Conshohocken Site for $11.5M to Build Boathouse
Villanova University has acquired a 9.8-acre of Conshohocken land with plans to build a new boathouse along the Schuylkill River, writes Ryan Mulligan for Philadelphia Business Journal. The land had been proposed as the site for a 270-unit apartment project. Villanova paid $11.5 million for the property at 601 Washington St. last month. The “best…
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Skip the Pocono Purchase, This Contemporary Norristown Home by the Riverside Is Idyllic
A gorgeous riverside contemporary home in Norristown is the perfect opportunity to own a great vacation getaway that is closer to home than anything similarly outfitted in the Poconos. Sandy Smith unlocked the property’s assets in Philadelphia Magazine. Although the structure was built in 1956, its current owners have done a great job in keeping…
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Proposed for Ridge Pike, Limerick: 67-Townhouse Development with Pads Devoted to Commercial Sites
On the docket of a recent public hearing of the Limerick Township Board of Supervisors, a West Chester developer, Polti Homes, proposed a mixed-use project for 142 W. Ridge Pike. Holly Herman covered the plan for the Limerick-Royersford-Spring City Patch. The proposal — which was tabled for further discussion at the supervisors’ June 6 meeting…
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Jewish Federation Wants Out of the Landlord Business, Puts Three Montgomery County CRE Properties Up for Sale
The Jewish Federation of Greater Philadelphia is shedding real-estate assets, including three Montgomery County campuses. Paul Schwedelson reported the initiative in the Philadelphia Business Journal. The organization is transitioning away from real estate ownership, in which it is asset heavy, owning more than 600,000 sq. ft. of regional business space. One is an office building…
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Another Hit for Villanova’s Oakwell Mansion as Its Treasured Contents Go to Auction
The much-disputed future of the Oakwell Estate in Villanova looks increasingly grim for former owner (and now rental tenant) John Bennett. He’s putting its treasured contents up for auction today, Apr. 24, as reported by Alyana Gomez for 6abc. The 1922 estate has been at the center of controversy for months, with both Villanova University…
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Piscataway Firm Buys Two Bala Cynwyd Office Buildings, Attracted by Area’s ‘Churn’ and ‘Excitement’
A New Jersey real estate firm is building its presence in Bala Cynwyd. Piscataway-based Norden Realty Investments purchased two three-story buildings: 225 City Ave. (at $19.25 million) and 15 Kings Grant Drive (at $20.5 million). Paul Schwedelson reported the transactions in the Philadelphia Business Journal. Norden Realty Investments’ leaders want to transform the office buildings into…
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Malvern Bank House of the Week: Penthouse Unit in Valley Forge Towers Offers Historic View
11512 Valley Forge Circle, Unit 1512, King of Prussia, is a three-bedroom, end-unit opportunity in the Valley Forge Towers. The living room’s design incorporates a spiral staircase that not only gives it a contemporary architectural feel but also enables more space. = = The kitchen is neatly laid out, amply outfitted for storage, and uses…
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Upcoming Rally in Norristown to Address Growing Housing Crisis in Montgomery County
A Norristown public rally at 1:00 PM on Saturday, Apr. 29, will address the growing crisis of affordable housing in Montgomery County. Justin Heinze reported the event for the Montgomeryville-Lansdale Patch. The event is being organized by the Montco 30% Project. The organization’s representatives said that the county’s homelessness rate and the housing crisis are…
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Malvern Bank House of the Week: Lansdale 1912 Dutch Colonial with Traditional Gambrel Roof
The Dutch Colonial home at 113 N. Oak Boulevard, Lansdale, declares its architectural heritage from the street view. The structure’s signature gambrel roof — dual-angled in twin pieces — sets it apart from neighboring homes in a blend of charm and distinction. The living room has a gas fireplace with brick surround, built-ins, and wood…
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Area Home Sales: Second-Largest Activity Decline Was in Montgomery County
A continuously low inventory in the Philadelphia area is causing home prices to continue growing, despite a sharp decline in sales, writes Ryan Sharrow for the Philadelphia Business Journal. The number of closed sales across the region dropped in March by 21.4 percent to 5,815 compared with the same month a year ago. Meanwhile, the…
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Mike Schmidt’s Delaware County Home Up for Sale at $4.9M
A Delaware County home once belonging to Philadelphia Phillies legend Mike Schmidt is up for sale at $4.975 million, writes Ryan Mulligan for Philadelphia Business Journal. The 12,000-square-foot home in Media has seven bedrooms and six-and-a-half baths. It’s just off the Springton Reservoir on Providence Road. = = Schmidt bought the home in November 1979…
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Malvern Bank House of the Week: A Blue Bell Townhome to Make Others Green with Envy
44 Highgate Lane, Blue Bell, is a beautiful end-unit townhome in a quiet community whose proximity to the cultural, educational, and dining centers of one of Montgomery County‘s most noted geographies boosts its inherent appeal. The home has three bedrooms, two and one-half baths, and the benefit of continual maintenance and updating since its original…
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Gladwyne Real Estate Developer Michael Karp’s Hamptons Estate Is for Sale, Indoor Shark Tank and All
Gladwyne real estate mogul Michael Karp — whose high net worth easily qualifies him for an investor’s chair on ABC’s Shark Tank — is selling one. Meaning that an actual oversized aquarium with sharks is purchasable to a buyer with means. E.B. Solomont explained for The Wall Street Journal. The predator-populated aquatic feature decorates an…
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Phoenixville’s Former Water World Site Up for Sale
The property formerly known as Water World in Phoenixville is on the market for $2.85 million. The park closed in 2012, and a Wayne couple purchased the fixer-upper for the 22-acre property in 2018, writes Paul Schwedelson for The Philadelphia Business Journal. Kim Peltier, one of the property owners, grew up going to Water…
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