Real Estate
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Fort Washington Site Is Bought by Out-of-State Developer; Luxury Apartments Coming
Jefferson Apartment Group (JAG), a Mass. apartment developer, has purchased a 14-acre parcel in Fort Washington. Partnered with commercial real estate firm CP Capital (New York), it seeks to construct 301 luxury apartments. Jeffery Steele reported the purchase and plans in Multi-Housing News. The yet-unnamed community will comprise three five-story buildings at 1125 Virginia Drive.…
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Malvern Bank House of the Week: Royersford Carriage House It’s Easy to Get Carried Away Over
1004 Moscariello Lane, Royersford, is house conveniently situated near a number of community assets: Turtle Creek Golf Course, the Perkiomen Trail, and the Philadelphia Premium Outlets. The carriage house, in the Spring-Ford Area School District, was built in 2021. Its layout includes three bedrooms, 4.5 baths, an attached garage, and 3,386 sq.ft. of area. The…
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Harleysville Wawa One of CBRE Mid-Atlantic Net Lease Team’s 60 Closings in 2022
The BluePearl Pet Hospital in Malvern and a Wawa in Harleysville were among the 60 net lease closings that CBRE’s Mid-Atlantic Net Lease Property Group completed in 12 states throughout the country in 2022. Despite climbing interest rates, the transactions are considered a boon to the net lease market. The CBRE Mid-Atlantic NLPG — which…
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BET Investments Buys Property Next to Ambler SEPTA Station
A real estate company plentiful in Montgomery County developments is on to its next project. This time, BET Investments Inc. will be revisiting its office building portfolio. It recently purchased a structure and parking lot adjacent to a SEPTA station in Ambler, writes Paul Schwedelson for the Philadelphia Business Journal. Records indicate that the…
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It Is Cheaper to Rent or Own a Home in the Philly Area?
Renting a median-priced three-bedroom house in the Philadelphia region is more affordable than buying one, even though rents have increased faster than home prices, writes Michaelle Bond for The Philadelphia Inquirer. A report by the national real estate data company Attom analyzed rental prices for 2023 and 2022 home prices and measured housing costs as…
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Malvern Bank House of the Week: Tree-Top Living in Gladwyne
The four-bedroom, 2.5 bath home at 415 Mill Creek Road, Gladwyne, is a standout property in the Montgomery County real estate scene. Dating to 1978, the plot on which it was built now features a copse of mature trees that shield the house from 21st Century life, making the home a true retreat. Immediately upon…
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Once Storied and Majestic Lynnewood Hall in Elkins Park Falls Into Disrepair
Lynnewood Hall, a once majestic 110-room residence located in Elkins Park, has fallen into disrepair after being abandoned for 25 years, write Josie Adnitt and Chiara Fiorillo for the Mirror. The property was built for Peter Arrell Browne Widener, an investor in the Titanic, between 1897 and 1900. The mansion covers 70,000 square feet and…
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Philadelphia Region’s Housing Market Primed for Return to Normalcy in 2023
After several years of pandemic-driven frenzy, the Philadelphia region’s housing market is primed for a return to normalcy in 2023, writes Ryan Mulligan for the Philadelphia Business Journal. Most housing experts agree that the current year will be a slower year for the market than the last one, which still had some residual heat remaining…
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Plymouth Meeting Executive Campus for Sale: One Valuation Estimates a Nine-Figure Windfall
The five buildings that comprise the Plymouth Meeting Executive Campus are on the market, and a ballpark valuation sees more than $100 million as a possibility. Paul Schwedelson unlocked the details in the Philadelphia Business Journal. The collection of structures — four four-story buildings and one six-story — comprise 521,288 sq. ft. of space. At…
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Malvern Bank House of the Week: Narberth French Colonial That Is a Chef’s Kiss of a Property
1420 Centennial Road, a Narberth French colonial, may be not even a quarter-century old, but its grandeur and amenities feel classic without crossing into stodgy or pretentious. The entryway is a stunner, with a two-story ceiling that soars 35 feet. = = The spacious gourmet kitchen boasts high-end stainless steel appliances, a commerical-grade oven and…
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Local Jacobethan Estate Needs a Buyer to ‘Bring It to the 21st Century’
A century-old “Jacobethan” Chestnut Hill estate is on the market. Listing at $1.5 million, the realtors are looking for a buyer who can modernize parts of the property at 8700 Seminole Street. This 9,000-square-foot home, built in 1909 in the style of King James VI and Queen Elizabeth I (hence the portmanteau Jacobethan), was once…
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Quirky Little Jenkintown Home — the ‘Gingerbread House’ — Channels Vintage Hollywood
Owing to its unique architecture, a Berkley Avenue home in Jenkintown has had neighbors refer to it as the “Gingerbread House.” The description fits, as the dwelling has a storybook quality about it, born of its West Coast architect. Tiffani Sherman explained for Beaumont Enterprise. Its distinct look came from the design of Gustav Weber…
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Montco Sees Major Jump in All-Cash Home Purchases
Montgomery County is topping the list of places that have seen the most increases in all-cash house purchases, according to Redfin. Between October 2021 and October 2022, 31.2 percent of homebuyers paid in all cash. This is a jump from 22.7 percent. Nationally, roughly one-third of home purchases were paid for in cash this…
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Interior Designer Buys Chestnut Hill Home: ‘In About Five Seconds, I Knew This House Was for Me’
Interior designer Hannah Dee was only halfheartedly scanning real estate listings for a new home when a friend in the business suggested a property he figured would speak to her artistic DNA. He was correct, as Terri Akman reported in The Philadelphia Inquirer. The Chestnut Hill address that charmed her is the product of German…
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Malvern Bank House of the Week: A Bryn Mawr Beauty with a Resort-Like Feel
The prime north-side home at 1084 Victor Lane, Bryn Mawr, was built in 1985, but its materials and layout have been timelessly chosen, bringing curb appeal to home shoppers with modern tastes. The five-bedroom, 4.5-bathroom, two-story dwelling has the added advantage of being situated on a cul de sac, providing safety for families with young…
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Wall Street Journal: Constructing Conference Rooms Cedes to Building Family Rooms for Conshohocken Developer
Many prominent commercial real estate developers in the U.S. — including West Conshohocken-based Keystone Development + Investment — are now focusing on other types of projects as well, writes Peter Grant for The Wall Street Journal. Many are dipping their toes in residential real estate, and some are also adding lab and life-science space to…
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Two Montgomery County Homes Among 2022’s Most Expensive Sales in Philadelphia Area
While there has been a trend of falling home prices throughout the nation and in the region in the past few months, many houses in Montgomery County and the rest of Philadelphia’s suburbs are still managing to reach record prices, partly due to the continued demand coupled with low inventory. The trend is evident in…
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Malvern Bank House of the Week: In Time for Washington’s Birthday, a Wyndmoor Carriage House in a Cherry Orchard
The purchaser of 517 Spring Lane, Wyndmoor, who can time the necessary transactions properly, can be nested in its elegant comfort in time for Washington’s Birthday twin holiday. It’s an appropriate timing because this 1885 home is surrounded by a beautiful cherry laurel orchard. The living room has broad windows on three sides and a…
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