Real Estate
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E. Kahn Development Sells Conshohocken Building Leased to Amazon to Korean Pension Fund for $97M
E. Kahn Development has sold a 120,000-square-foot building leased to Amazon in Conshohocken to an undisclosed Korean pension fund for $97 million, writes Natalie Kostelni for the Philadelphia Business Journal. The price at just over $808 a square foot sets another high-water market on a per-square-foot basis for the sale of industrial real estate in…
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Malvern Bank House of the Week: Outstanding Stone Colonial with Excellent Location in Bala Cynwyd
An outstanding stone colonial home on 0.41 acres with five bedrooms and four and a half bathrooms is available for sale in Bala Cynwyd. The residence is perfectly situated on a beautiful lot featuring a front walkway lined with perennial flower beds along with a spacious backyard with mature trees and shrubs. . The front…
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Penn Community Bank Offers Financial Keys to Help Unlock Your Own Front Door
Congratulations! You’ve made the decision to purchase your first home. You’ve run the numbers and gotten all your ducks in a row — now it’s time for you as eager homebuyer to test the market. Finding a house can be relatively easy. Finding a home that fits a budget, the owner’s needs, and his or…
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Malvern Bank House of the Week: Warm and Welcoming Normandy Stunner in Bryn Mawr
A stunning Normandy home on 1.63 gorgeous acres with five bedrooms and four full and two half bathrooms is available for sale in Bryn Mawr. The home welcomes you with its impressive marble two-story foyer with a balconied overlook. This leads into a great room with a stone fireplace and access to the flagstone patio…
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Neighbors Continue to Sow Seeds of Discontent in Malvern Couple’s Wildflower Farm
When Ryan and Lori Heenan bought a property on Castlebar Lane in Malvern seven years ago, they had no idea how controversial it would soon become. Davis Giangiulio dug up the particulars for Main Line Tonight. The couple brought a dilapidated barn on the property back into shape and began holding family events there, including…
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Homebuyers Left with Few Choices as Housing Supply in Montgomery County Falls Below One Month
Homebuyers were left with few choices at the start of the year as Montgomery County had just around 15 days’ worth of housing supply in January, writes Michaelle Bond for The Philadelphia Inquirer. Such inadequate supply combined with the rising demand has continued to fuel buyer competition and push prices in the area further up.…
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Rising Mortgage Rates Fail to Cool Montco’s Hot Residential Real Estate Market
Despite rising mortgage rates (reaching four percent for the first time in two years), home prices in Montgomery County and nationally continue to soar. Stacker covered the rate’s trending status and its inability to pop the local real estate bubble. Real estate platform ZeroDown put together a weekly real estate market report for Philadelphia using…
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Coventry Mall Owner Plans to Break the Retail Template — and Perhaps a Few Walls — to Ensure Its Survival
Pennmark Management plans to break the traditional template for interior malls to ensure a prosperous future for Coventry Mall in North Coventry Township. Evan Brandt bagged the story for the Daily Local News. “I don’t believe interior malls as we knew them are viable anymore,” said CFO Robert Sichelstiel, of Plymouth Meeting–based Pennmark. Pennmark acquired…
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Last Year, Investors Bought Record Numbers of Homes in Montgomery County
Investors bought a record share of homes nationwide and in the Philadelphia metro area last year, with some areas in Montgomery County proving to be more attractive than others, write Kevin Schaul and Jonathan O’Connell for The Washington Post. In 2021, investors bought close to one in seven homes sold in the nation’s top metropolitan…
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210-Acre Property Owned by Rockefeller Descendants in Willistown Township Now on the Market
A property in Willistown Township owned by the descendants of William Rockefeller Jr. has been listed for $29.9 million, writes Kennedy Rose for the Philadelphia Business Journal. The 210-acre farm at 944 Providence Road could potentially open another large swath of Chester County to developers. The owner of the property is listed as Woodkirk and…
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Taking a ‘Step in the Right Direction’ in Kennett Square: Construction of Townhouse Development Begins
Construction has commenced on a 53-unit townhouse development with a mixed-use building — called Kennett Pointe — on a 13-acre site in Kennett Square. Tara Smith opened the door on the details for the Daily Local News. Work is currently being done on the building that will house apartments and ground-floor retail space, with the…
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Malvern Bank House of the Week: Beautiful Colonial with Abundant Character in Wynnewood
A beautiful colonial home on 0.34 acres with six bedrooms and four full and two half bathrooms is available for sale in Wynnewood. The structural integrity and architectural design of this residence have been carefully cared for and preserved by the current owners for the past half-century. . The home welcomes you with an accommodating…
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Home of Earl Jamison, Peddler’s Village Founder is For Sale; a ‘Sanctuary for Both Man and Beast’
The New Hope estate designed by Earl Jamison, Peddler’s Village founder, is again being peddled. Kennedy Rose reported the 37-acre listing for the Philadelphia Business Journal. Jamison built the main house in 1978, after his 1962 launch and subsequent promotion of Peddler’s Village. Peddler’s Village is a popular tourist attraction with shopping and dining in…
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Wall Street Journal: Former CEO of Lincoln Financial Asks $11.9M for Florida Home
A fashion designer’s travels to Italy inspired a Palazzo-style home in Sarasota, Florida that is being sold by Jon Boscia, former CEO of Lincoln Financial Group with headquarters in Radnor. He and his wife, Donna, are listing the property for $11.995 million, writes Sarah Paynter for The Wall Street Journal. Jon and Donna Boscia paid…
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Nearby Chester County Home to One of the State’s Fastest-Growing Towns
While population growth in the U.S. is generally slowing from declining birth rates, an aging population, and fewer immigrants, some locations are bucking the trend. Some of the largest cities, with populations of approximately around 1 million, have seen a decrease in their population and slower population growth. A new report from Stacker highlights the…
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Emerging Pet-Wellness Franchise Enters Five-Unit Deal, Looks at Montgomery County for Its Initial Clinic
PetWellClinic, an emerging pet-wellness franchise, has signed a five-unit agreement deal in the Philadelphia region and is looking at Montgomery and Delaware counties for its initial clinic. The clinics will provide pet owners with preventative care for their pets in a walk-in environment, including vaccinations and treatment of minor ailments and chronic conditions. The franchise’s…
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Malvern Bank House of the Week: Lovely Classic Brick Colonial in Plymouth Meeting
A lovely classic brick colonial home with four bedrooms and two and a half bathrooms is available for sale in Plymouth Meeting. Situated on a beautiful 1.01 acres, this home has been thoughtfully updated and perfectly maintained by its current owners. . The main level boasts hardwood floors, crown molding, and many unique architectural details.…
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University in Glenside Plans to Buy Former Bishop McDevitt High School from Archdiocese of Philadelphia for $6.5M
Arcadia University in Glenside will pay $6.5 million to the Archdiocese of Philadelphia for the former Bishop McDevitt High School and the over 18 acres of surrounding property, writes Oona Goodin-Smith for The Philadelphia Inquirer. Arcadia president Ajay Nair called the purchase an “extraordinary opportunity” and said that the university plans to “take a measured…
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