Real Estate
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Ambler Borough is Getting a New Apartment Community for the First Time in 50 Years
Ambler, PA is getting ready to welcome its first new apartment community in over 50 years, reports AroundAmbler.com. 25+ years ago, Ambler was a blighted community with multiple abandoned industrial facilities. Ambler was in economic decline and was suffering from the relics of its industrial past. Through dedication and focus, members of the Ambler Borough worked diligently to attract commerce, retail,…
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Iconic French-style Linden Hill Estate in Gladwyne is Breaking Up…Into Parcels to be Sold
This iconic Campbell’s Soup family’s French-style estate Linden Hill on the Main Line is being broken up into parcels for sale, writes Howard Walker for the Robb Report. Linden Hill, as the Gladwyne estate has been called by its current owner Robert Burch in recent years, was previously owned for more than 50 years by…
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Phoenixville Auctioning Off Former Civic Center
The former Civic Center at 123 Main Street in Phoenixville is being sold by the borough in an online-only auction that concludes June 2 at 11 AM. The borough built a new, larger facility with expanded resources for the community, therefore the circa-1908 building is no longer needed for public use. Reportedly, it was at…
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Malvern Bank House of the Week: Gorgeous Victorian with Unique Square Corner Tower in Bryn Mawr
A gorgeous Queen Anne Victorian home with four bedrooms and three and a half bathrooms is available for sale in Bryn Mawr. Cozily nestled on a quiet, tree-lined street, this superb residence perfectly blends charm, history, and renovation. . The property was constructed in the late nineteenth century and was originally part of the Ashbridge…
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King of Prussia-based Morgan Properties Enters Rent-a-Home Market With Single-Family Housing in Texas
King of Prussia-based Morgan Properties, owner of Class B apartments, has purchased a gated 136-unit single-family housing community in the Dallas suburbs from Provident Realty Advisors for an undisclosed price, writes for the Philadelphia Business Journal. The acquisition of ParcHaus at Skyline in McKinney, Texas, expands the company’s business into the rent-a-home market. Following the…
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Plymouth Meeting-Based Real Estate Investor Expands with California Property for $17.25 Million
Plymouth Meeting real estate investor CenterSquare Investment Management looks to expand portfolio and buys property in California, reports Ben van der Meer for the Philadelphia Business Journal. CenterSquare Investment Management, based out of Plymouth Meeting, recently bought 45,000 square foot Waterman Grove Plaza in Elk Grove, outside of Sacramento, California, for $17.25 million. “You can’t…
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Vertex Looking to Replace Its King of Prussia Headquarters but Plans to Remain in Montco
Vertex, a provider of tax technology solutions, is looking to replace its King of Prussia headquarters but is not planning to move far from its current location, writes Natalie Kostelni for the Philadelphia Business Journal. The company signed a lease for the remainder of the space at 2301 Renaissance Blvd. three weeks before the onset…
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Mixed-Use Community in Malvern Could Sell for $250 Million
After being under development for 20 years, Uptown Worthington, a mixed-use community in Malvern, has hit the market and could sell for up to $250 million, writes Natalie Kostelni for the Philadelphia Business Journal. In 2002, Brian O’Neill of MLP Ventures bought the former Worthington Industries Inc., with plans for 750,000 square feet of retail…
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Malvern Bank House of the Week: Stunning Ranch-style Home Nestled on 2.5 Scenic Acres in Gladwyne
A stunning ranch-style home with four bedrooms and three and a half bathrooms is available for sale in Gladwyne. This single-story gem is nestled on 2.5 scenic acres with a secluded private lane that provides abundant privacy. It borders the bucolic Idlewild Farm Preserve and Bridlewild Trial. Read on to see more. . In addition…
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Once Owned by Eight Generations of the Same Family, 300-Year-Old Pennsbury Township Property Hits Market
Springdale Farm in Pennsbury Township — owned by just two families throughout its almost 300 years — has finally received the renovation it sorely needed, writes Laurel Anderson for County Lines Magazine. Built in the early 1700s through a 2,000-acre land grant from William Penn, the Mendenhall family owned the farm for eight generations. The…
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Slice of Lower Frederick Real Estate Creates Mystery for Township
A sliver of Lower Frederick real estate that does not seem to have an owner has created a real mystery for the township, writes Joe Zlomek for the Sanatoga Post. The existence of the property surprised the township solicitor and prompted the Board of Supervisors to consider if it wants to attempt claiming the property.…
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Just Like Buying a Home, Purchasing a Vacation Spot Is All About Timing
Vacations are a prime opportunity to ditch the phone alarms, toss aside the wristwatch, and pause all electronic reminders to enjoy some well-deserved downtime. A brief pause in clock-watching is a great refresher for the occasional respite from work and chores, but it can be a detriment to potential purchasers of a vacation home. In…
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Malvern Bank House of the Week: Handsome Farmhouse in Harleysville a Perfect Palette to Entertain
A handsome traditional American farmhouse with four bedrooms and three and a half bathrooms is available for sale in Harleysville, writes Sandy Smith for the Philadelphia Magazine. The residence perfectly blends the classic American architectural style with the way we live today, offering a simple outside with clean lines combined with an inside filled with…
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Former Summer Home of the Guggenheim Family, Founder of New York’s Famous Museum, Hits the Market
Solomon R. Guggenheim, the mining titan behind the Guggenheim Museum in New York City, escaped the pressures of his business career as many other people of means did in the last century. That dwelling, in Upper Black Eddy, Bucks County, is now on the market, reports Lisa Dukart for the Philadelphia Business Journal. The onetime…
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Montco Residents Support Increases in Real Estate Densities to Address Housing Crunch
The majority of Philadelphia-area residents around Montgomery County have voiced support for “modest densification” measures in residential neighborhoods. In short, they favor residential real estate arrangements that allow multi-residential housing on a single building lot. Manny Garcia explained the trend — and its growing acceptance — for Zillow. The residential real estate shift of creating…
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New Median Housing Price Report Shows Significant Demand for Housing in Montgomery County
The latest report on median housing prices in Montgomery County indicates a continued strong demand for housing in the county, despite ongoing disruptions of the COVID-19 pandemic. The report, released by the Montgomery County Planning Commission (MCPC), indicates an overall median sales price of $370,000, which reflects an increase of 10.4 percent from 2020 to 2021. The number…
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Montco ZIP Code Takes Top Spot Among 15 Places in Region Where Homes Are Selling Most Over Asking Price
As prices of homes in the region continue to skyrocket due to low inventory and high demand, some ZIP Codes are seeing properties going for well over their asking price, writes Ryan Mulligan for the Philadelphia Business Journal. In fact, three Montgomery County ZIP Codes are among the 15 places in the Philadelphia region where…
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Large Warehouse in West Conshy Up for Sale Amidst Hot Industrial Market
The Oldies.com building in West Conshohocken that is used by its current owners to store and distribute vinyl records, compact discs, DVDs, and other collectibles, has been put up for sale amid a hot industrial market, writes Natalie Kostelni for the Philadelphia Business Journal. The property at 60 Portland Road is highly visible from the…
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