Real Estate
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Maryland Firm Acquires Lower Pottsgrove Medical Building
A private equity investor is shifting focus to healthcare buildings along the East Coast megapolis. And its next project is a Montgomery County property. Thomas Park Investment’s $75 million dollar fund targets “lower-middle market” properties, reported Jeff Ward for WFMZ 69 News. One of them is in Lower Pottsgrove. The 15,000-square-foot building is being…
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Malvern Bank House of the Week: A Schwenksville Property Sure to See a Flurry of Sales Activity
New home shoppers who love skiing — or even just the great outdoors — will want to consider giving 45 Spring Mount Road, Schwenksville, a closer look. The property is a two-minute drive (or perhaps 10 minutes cross-country) to Spring Mountain Adventures, Montgomery County’s solo ski destination. This is certainly no ski shack; it’s a…
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Moorestown Mansion Most Expensive Home Ever Listed in South Jersey
A Moorestown mansion recently hit the residential real market for a whopping $24.95 million. It is officially the most expensive home ever listed in South Jersey, writes Ryan Mulligan for the Philadelphia Business Journal. The 44,000-square-foot estate is owned by married couple Dr. Calvin H. Knowlton and Dr. Orsula V. Knowlton. Calvin is the former…
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Real Estate Investment Firm Based in Bala Cynwyd Scoops Up Trio of Montco Properties for $24 Million
Over the last four months, Bala Cynwyd-based Velocity Venture Partners has bought three properties in Montgomery County and one in Bucks County that it plans to convert into industrial or flex space, writes Paul Schwedelson for the Philadelphia Business Journal. The company already owns a portfolio of 7.5 million square feet of industrial and flex…
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Montco Residents Could Soon Get Home Repair Assistance
A new state-wide program could help Montgomery County residents struggling to repair their homes. The Whole-Home Repairs Program is investing a total of $125 million to make homes safer throughout the state, writes Michaelle Bond for The Philadelphia Inquirer. The program aims to help people with “low and moderate” incomes to upkeep, repair or weatherize…
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Malvern Bank House of the Week: Glenside Home Covers the 12 Days of Christmas
An early Dec. closing date on 26 Old Gulph Road, Gladwyne, would enable the new owners to surround themselves with a real estate asset whose particulars could mirror the gifts associated with the 12 Days of Christmas. For example: The property is in Lower Merion Township, whose school district educates students through the 12th grade.…
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Early Phase Details of Elkins Estate Redevelopment Are Beginning to Emerge Ahead of 2Q23 Opening
Plans for the former Elkins Estate are emerging, providing a glimpse of its new identity as mixed-use commercial entity. Emma Dooling, at the Philadelphia Business Journal, got a peek at the blueprints, which include the repurposing of Elstowe Manor into a boutique hotel. The 42 acres of Elkins Estate was once the home of William…
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Piazza Auto Group Buys Bryn Mawr CRE Site from Which Main Liners Bought Porsches and Ferraris
Piazza Auto Group has purchased the property of Main Line Ferrari Philadelphia, an upscale auto dealer that is zooming westward in a Delaware County relocation. Paul Schwedelson got in gear to report the Montgomery County transaction in the Philadelphia Business Journal. The Piazza acquisition comprises two Bryn Mawr deeds: Main Line Ferrari paid $13.3 million…
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Montgomery County Makes ‘U.S. News’ Ranking of Healthiest Counties in the Nation
U.S. News and World Report has analyzed geographies across the nation, comparing regional contributors (or lack thereof) to creating a generally beneficial environment. The metrics were then weighted and ranked, arriving at its list of 2022’s healthiest counties in the U.S. The analysis covered ten areas, with scoring designed to show the importance of their…
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Malvern Bank House of the Week: A Glenside Rancher Whose Entry Is a ‘Stairway to Heaven’
A ranch-house owner doesn’t expect to think of the stylistic appeal of a staircase, since a single-story dwelling doesn’t exactly call for one. But the home for sale at 747 North Tyson Avenue, Glenside, has a gorgeous one that spreads out from its front door in an attractive curve toward the driveway. The homeowner will…
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Fort Washington-Based Toll Brothers Heading to Texas; No Word of a Corporate Eagles-to-Cowboys Alliance Swap
Fort Washington-based developer Toll Brothers is staking a business claim in the Dallas area. It’s purely a residential real estate venture, with presumably no sign of the local company swapping hometown football allegiances. Toll Brothers will be pairing with Chicago-based real-estate trust Equity Residential to invest up to $1.9 billion worth of projects in capacity,…
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2022 List of Most Expensive Homes in the State Shows the Montgomery County Cost of Doing the Deed
Stacker has analyzed residential real estate statistics in Pennsylvania, arriving at a list of the most expensive communities in terms of buying a home and acquiring its deed. The total list communities listed by dollar-sign disbursement (there are 30) are clustered around the state’s major metros — Phila. and Pittsburgh — with price tags in…
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Limerick Voters Close Their Wallets on Open Space Ballot Question
The issues of open space in Limerick Township, its preservation, and the funding of that effort was presented to voters on the Nov. 8 ballot. Joe Zlomek reported the resulting thumbs down in The Sanatoga Post. With final tallies still being calculated, township residents seem to indicate that although they appreciate the effort to maintain…
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Malvern Bank House of the Week: A Seasonal ‘Santa’toga Home Whose Kitchen Has Plenty of Elf Space
A quick offer, timely closing, and organized move could put a lucky Montgomery County purchaser into 43 Pebble Beach Lane, Sanatoga, in time for the holidays. The 1997-built, three-bedroom, four-bathroom house in Lower Pottsgrove Township is nestled in a neighborhood with no homeowners’ association (or HOA fee). The dramatic, two-story foyer is large enough to…
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Deep-Rooted Ire over Main Line Property — and Its Historic Trees — Indicates All Is Still Not Well at Oakwell
A Main Line estate — Oakwell — continues to be central to a dispute between its former owner and the Lower Merion School District. The exact fate of the 10-acre property and its century-old trees remains unclear, as Frank Kummer and Oona Goodin-Smith chronicled in The Philadelphia Inquirer. Oakwell, in Villanova, comprises a 1922 mansion…
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Malvern Bank House of the Week: Hats Off to a Hatfield Gem
414 Elizabeth Way, Hatfield, is a five-bedroom beauty whose elegance is balanced perfectly with practicality. The five-bedroom, four-and-a-half bathroom home was built in 2007. The foyer benefits from two stories of windows, placed to bathe it in natural light. = = The oversized chef’s kitchen has a decidedly Italian-villa feel. Its design includes custom cabinets,…
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Suburbs Now Have More Vacant CRE Space — Including a Harleysville Site — than the Comcast Tower × Two
The former headquarters of Nationwide Mutual Insurance in Harleysville has sold to a pair of real estate investors. The vacated site is one parcel in a glut of current suburban commercial real estate (CRE) inventory. Bob Fernandez did a walk-through of the transaction’s greater implications for the market in The Philadelphia Inquirer. Nationwide, which was…
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Unable to Find a Suitable Contemporary-Style Home, Gladwyne Couple Spent a Decade Creating One
Married couple Jasmin Fung and Steve Lyons launched a Main Line house-hunting expedition in 2012. Not finding anything they liked, they bought an existing house and spent the next decade transforming it. Paul Jablow nailed this story of a significant Gladwyne renovation in The Philadelphia Inquirer. Fung and Lyons spent a year house hunting before…
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