Real Estate
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Conshohocken’s One Tower Bridge Sells to Wilmington-Based CRE Firm
One Tower Bridge — whose 1989 rise changed Bridgeport and Conshohocken both visually and economically — has been sold. Paul Schwedelson reported the transaction for the Philadelphia Business Journal. The 15-story office building is a prominent sight for commuters from drivers on the Schulykill Expressway to riders on SEPTA Regional Rail to even cyclists on…
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Former Helicopter Plant in Coatesville Sells to Delco-based Company
A tale of two aircraft companies dates to the 1930s and 1940s, when two prominent innovators revolutionized the helicopter. Igor Sikorsky developed the first successful helicopter in the U.S. in 1939. A few years later, University of Pennsylvania alum Frank Piasecki designed the second successful one in 1943, writes Ryan Mulligan for the Philadelphia Business…
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Malvern Bank House of the Week: Bala Cynwyd Colonial with Garage That Its New Owner May Not Even Need
The center-hall Colonial at 3 W. Newfield Way, Bala Cynwyd, is a beautiful home from 1922 that has been stylishly maintained and kept current. The property features a one-car garage, but the neighborhood is so accessible — including walkable distances to public transit — that its owners may have no need for driven transportation. The…
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Malvern Bank House of the Week: A Harleysville Home Perhaps Best Suited to Cinemascope
If a Hollywood movie of the 1950s were set in the unique craftsman-style home at 1725 Quail Ridge Lane, Harleysville, it would best be filmed in Cinemascope to capture the width of this two-story structure. The house was built in 2005 from natural material meant to create a oneness with the great outdoors. That goal…
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These Bucks County Areas are Considered Some of the Best for Buying a Home Near Philly
A few areas in Bucks County have garnered a reputation for having the best real estate in the Philadelphia region. Staff writers for Niche wrote about the areas and their properties. Known for its vast selection of quality homes, Bucks County has become a prime area for city folk looking to move to suburbs. In…
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Montco Residential Real Estate Market Remains a Listed-Friday, Sold-Monday Frenzy
An article in MoneySmartGuides (syndicated by Jon Dulin at Wealth of Geeks) tapped Blue Bell realtor Lori Salmon as a commenter on the current, local residential real estate market. Salmon, with Berkshire Hathaway HomeServices Fox & Roach, reported that conditions continue to favor sellers. The usual suspects creating these conditions remain supply-chain snafus that curtailed…
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Malvern Bank House of the Week: A Rockledge Cape Cod with an Ocean’s Worth of Appeal
A neat-and-tidy Cape Cod in Rockledge has just the right balance of street appeal without the kitchy, architectural elements that can sometimes make a home like this garishly unattractive. Built in 1951 and updated extensively, this property at 146 Robbins Ave. has three bedrooms; three bathrooms; a finished, waterproofed basement; and a large backyard. Both…
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Oldies Warehouse Off Blue Route Bought by Bala Cynwyd-based Developer
An iconic Oldies.com building viewable by motorists on I-476 — the Blue Route — has been sold. Real estate developer Bala Cynwyd-based Velocity Venture Partners purchased the 56,000 structure for $7.85 million according to Robert Moran’s story in The Philadelphia Inquirer. The real estate developer so far has a hefty portfolio that includes more…
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Malvern Bank House of the Week: Okay, ‘Gone With the Wind’ Fans, Here’s Your Tara
TCM’s run of 31 Days of Oscar included a recent showing of Gone with the Wind, the 1939 classic that won eight statuettes, including Best Actress distinction for Vivien Leigh. If you saw it, or have seen it, or even just admired its look and feel, a Perkiomenville property currently on the market certainly evokes…
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Plymouth Meeting Broker Hired to Sell Connecticut Commercial Space One Year after Purchase
Forged Real Estate, Plymouth Meeting, has been hired by the Connecticut owner of a large commercial real estate property to sell it. Its present owner, according to Luther Turmelle’s story in CT Insider, wants it off the books less than a year after acquiring it. Kohan Retail Investment Group, of Great Neck, New York currently…
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Scottish Castle in Wynnewood Finally Reclaiming its Former Glory
After years of litigation and failed plans, Maybrook Mansion in Wynnewood is once again on a way to reclaiming its former glory, writes Stacia Friedman for the Hidden City. The majestic building was constructed in the late 1800s. It was designed by Watson Hewitt and William D. Hewitt for liquor baron and business magnate Henry…
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Malvern Bank House of the Week: More than Meets the Eye in Willow Grove
172 Windmill Road, Willow Grove, in Upper Moreland Township, has a neat-and-tidy appearance from its street view, which is wholly appropriate for home that’s been well cared for since its construction in 1958. But savvy residential real estate shoppers will want to dig a little deeper into this opportunity. The cute exterior is only the…
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$8 Million Refresh of 68-Year-Old Shopping Center in Bala Cynwyd Includes New Name
Bala Cynwyd Shopping Center is getting upgrades to its façades, outdoor dining, walkways, and even its name. It is being rebranded as Bala Cynwyd on City Ave. Philadelphia Business Journal E-in-C Ryan Sharrow covered the top-to-bottom renovation and relaunch. The 23-acre commercial real estate entity has been in place since 1955. Federal Realty Investment Trust…
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Town Just Outside Bucks County Considered New Jersey’s Most Up-and-Coming Area
A town very close to Bucks County has become a regular stop for both locals and visitors to the area, considered a companion to a popular town. Shannon Holly wrote about the town for Lite 96.9. Lambertville is connected to Bucks County by the New Hope-Lambertville Bridge, where locals and visitors can either drive or…
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Two Montgomery County Communities Redefine What It Means to Be a Suburban Town
Philadelphia Magazine journalist Sandy Smith asked a compelling question in a recent issue: What does it mean to be a suburban town in 2023? His query was the launch point for examining urban-suburban distinctions that have been blurring for decades. In the past, improvements in transportation melded residential characterizations. As roads provided better connectivity, a…
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Conshohocken’s Seagis Property Group Nears Completion of Newark Warehouse
Seagis Property Group, Conshohocken, announced in Yahoo Finance that it is 75 percent complete in its construction of a 178,200 sq. ft. warehouse in Newark, New Jersey. Once completed, the speculative project will then be positioned for a single tenant, engaged with no prelease. The expected finish date is May of this year. The fully…
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Ongoing Residential Real Estate Market Sluggishness Begins to Take a Toll on Toll Brothers
A stubbornly tepid commercial real estate market saw Toll Brothers taking action to increase 1Q2023 margins. Ryan Mulligan covered its recent cost-cutting tactics in the Philadelphia Business Journal. The Fort Washington luxury home developer saw new home orders drop to about half of what they were this time last year. And even for contracts that…
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Average Home Sales Price in Philly Region Continues to Drop
Homebuyers in the Philadelphia region can finally breathe a little easier as the metro area’s home sales price went down four percent in January, compared with the same month last year, to $240,000. Isaac Avilucea and Mike D’Onofrio reported the trend for Axios. January prices fell 6.7 percent from December. Any relief is welcome, considering…
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