Real Estate
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Amish-Built Log House — a Paradigm of Quality Craftsmanship — Hits the Market
Constructed in the style of a barn, an Amish-built log house in West Brandywine Township combines comfort with sophistication and rustic charm, writes Sandy Smith for Philadelphia magazine. This three-bedroom, two-bathroom home was built in 2008 and is a paradigm of quality craftsmanship. The abode features an open main level that is ideal for entertaining…
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CSL Behring Plans to Sublease Its King of Prussia Building
CSL Behring has decided to sublease its building at 500 N. Gulph Road in King of Prussia three years after it moved into the 100,820-square-foot space, writes Natalie Kostelni for the Philadelphia Business Journal. Like many other companies, CSL Behring is evaluating its space requirements during the pandemic after sending employees to work from home.…
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Willow Grove and Plymouth Meeting Malls’ PREIT Releases KPMG as Auditor After 2 Decades
PREIT has dismissed their auditor KPMG, and has brought on a new accounting firm, says the Securities and Exchange Commission. Natalie Kostelni reports the latest PREIT news for the Philadelphia Business Journal. The new PREIT auditor is BDO USA LLP a part of BDO International, a global accounting network headquartered in Chicago. PREIT terminated its…
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Owners Create Forever Contemporary Ranch Home in Media, Then Life Took a Turn
They put their hearts and craftsmanship into their forever home, a customized contemporary in Media, but now work demands are taking them in a different direction and this ranch is up for sale, writes Sandy Smith for Philadelphia Magazine. The stylish “cabin in the woods” is actually in a wooded subdivision on Oak Valley Road below…
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What Should Be on Every New Home Owner’s Checklist?
Keys and deed in hand, owners of a new home now settle in. The financial scrutiny is over, paperwork signed, move navigated. Now it’s time to start repaying the multi-year obligation buyers signed up for with so much anticipation. In other words, new homeowners begin building equity in their dwellings. What Is Equity? Home equity…
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The Lease They Can Do: Gen Z Renters See Montco/Philly Region as Residential Market of Choice
After spending a year in their hometowns due to the pandemic, Gen Z is coming in a growing number to rejuvenate Montco and the Philadelphia region. The city is now fourth nationally among the top trending destinations for Zoomer renters. Andrea Neculae tracked the migration for RentCafe. According to RentCafe, Gen Z activity in the…
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Malvern Bank House of the Week: Enchanted Wyndmoor Castle Offers Indoor Pool and Picturesque Gardens
This gorgeous castle is built into the picturesque Wyndmoor hillside, with amazing views of the gardens and grounds of 12+ acres. This hidden treasure has much of the original elements intact, including flooring, mill, and ironwork. . A large back reception foyer, step-down living room with centrally positioned wood burning fireplace, and multiple sets of…
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Willow Grove and Plymouth Meeting Malls Owner PREIT to Sell Exton Square Mall to Developer
The Pennsylvania Real Estate Investment Trust (PREIT) is planning to sell Exton Square Mall as it tries to raise funds to pay down its debt and avoid being delisted from the NYSE, writes Natalie Kostelni for the Philadelphia Business Journal. PREIT also owns Montgomery County’s Willow Grove Park Mall and Plymouth Meeting Mall. During a…
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Vanguard Passes, Audubon Developer Buys 240-acre Exton Farm Along the Pennsylvania Turnpike
Audubon Land Development has purchased Happy Days Farm in Exton from Nelson Realty Trust, an entity affiliated with Vanguard Group, for $18.1 million, writes Natalie Kostelni for the Philadelphia Business Journal. The roughly 240-acre property fronts the Pennsylvania Turnpike and Route 100. The Uwchlan planning commission has already given a green light to Audubon Land’s…
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First-Time Homeowners: In Weighing Costs, Make Sure to Consider All of Them
New homebuyers can see a property they like, consider its asking price, account for some negotiable wiggle room, weigh payments against present income, and, finding that it works, figure they’re okay to proceed. They err, however, in failing to consider all the costs associated with purchasing a home and living in it. Home finances go…
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Malvern Bank House of the Week: Stunning Gem That Looks Like a Fairytale in Heart of Narberth
A stunning Victorian home full of original character with four bedrooms and three and a half bathrooms is available for sale in Narberth. This gorgeous residence looks like it came out of a fairytale and has been featured on postcards, and even as Christmas ornaments! . The wrap-around front porch leads to the hallway with…
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Campbell Soup Heir’s Gladwyne Estate Subdivided into Five Parcels in Hopes of Attracting Buyers
A 67-acre estate in Gladwyne formerly owned by a Campbell Soup heir that was once listed at $24.5 million is being subdivided into five parcels to make it more attractive to buyers, writes Lisa Dukart for the Philadelphia Business Journal. The plan seems to be working, as one parcel is already under contract while the…
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Residential Housing Wealth Disparity: Are Low- and Middle-Income Shoppers Being Left Behind?
The distribution of housing wealth across incomes in the Philadelphia region has grown more uneven in the past decade. The number of high-income owners continued to rise, and the number of middle- and low-income owners shrank further. Michaelle Bond reported the widening disparity for The Philadelphia Inquirer. The local worrisome trend aligns with real estate…
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Highly Anticipated Mixed-Use Community in Downingtown Beginning to Take Shape
River Station, a residential and retail development project in Downingtown, is edging closer to completion, with phase one set to be done by November, writes Jen Samuel for the Daily Local News. The first phase includes the construction of 203 apartment units and 10,000 square feet of retail space, according to Becky Reeves, vice president…
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Restored Bryn Mawr Tudor Owned by Daughter of Late Philadelphia Flyers Owner Hits Market
A restored 12,000-square-foot Main Line Tudor revival in Radnor owned by Lindy Snider, the daughter of late Philadelphia Flyers owner Ed Snider, recently entered the market for $5 million, writes Lisa Dukart for Philadelphia Business Journal. Her husband, Dr. Larry Kaiser, is the former CEO of Temple University Health System. The eight-bedroom home features a…
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Jack Lingo Asset Management and Velocity Venture Partners Buy Up Commercial Real Estate in Blue Bell, Huntingdon Valley
Real estate deals in Montgomery County are showing no signs of slowing down, with two more major deals added to the ever-growing number of transactions, writes Natalie Kostelni for the Philadelphia Business Journal. Jack Lingo Asset Management has acquired a 150,000-square-foot building in Blue Bell from AK Jolly for $36.5 million. The building at 980…
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Gwynedd Mercy University Sells 150-Acre Property for $31.5 Million in Montgomery County
Gwynedd Mercy University has announced that an affiliate of Beacon Capital Partners, LLC purchased a 150-acre piece of property that sits adjacent to the University’s Main Campus on Sumneytown Pike for $31.5 million. Marking a significant step toward the university’s vision of becoming the Catholic University leader in professional and healthcare education, a portion of the…
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Modern Merion Station Split-Level Home Hits the Market
While you’ve probably passed by plenty of split-level homes before, you’ll be missing out if you don’t give this Merion Station split-level a look. After a full-scale renovation in 2015, this mid-Sixties home is brighter, fresher, and more modern than its counterparts, writes Sandy Smith for Philadelphia Magazine. As you walk through the front door…
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