Real Estate
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Riverfront at Royersford Wins $1M Grant From State Redevelopment Assistance Capital Program
Developer Riverfront at Royersford has won a $1 million grant from Pennsylvania’s Redevelopment Assistance Capital Program for the proposed mixed-use real estate development project that would bring residences, restaurants, entertainment spots, and much more to the Royersford Borough riverfront, writes Joe Zlomek for The Sanatoga Post. The money will be used to prepare the property…
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Malvern Bank House of the Week: Stunning Gladwyne Colonial with Inground Pool, Amazing Landscaping, and Stylish Accents
Sitting upon a professionally landscaped lot in Gladwyne sits this exceptional five-bedroom residence with a secure gated entrance and an incredible backyard oasis. With its spacious entertaining areas and unique architectural details, 1405 Spring Mill Road is ready to welcome its next homeowner. There is an elevator and a stately staircase that provide easy access…
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Life Sciences PA Moving to New Headquarters in King of Prussia
Life Sciences PA (LSPA) has announced they are moving its headquarters from its current location on Swedesford Rd. in Wayne to 411 Swedeland Road in King of Prussia, PA. The expanded space and rising hub of life sciences in southeastern PA will be the Association’s new home beginning February 2022. “The decision to move was…
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See How Montgomery County Ranks Among Fastest-Growing Counties in Pennsylvania
While the growth of the U.S. population has slowed to a crawl, coming in at just 0.35 percent from 2019 to 2020, some pockets of the country are still recording a steady increase in residents, with Montgomery County among them, according to a recently released report by Stacker. To determine the fastest-growing counties in Pennsylvania…
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Blue Bell Native and Montco Homebuilder Discusses the Explosive Growth of HOAs
While homeowners associations (HOAs) aim to protect property values, they also can limit a homeowner’s personal choices. Peter Rotelle, Blue Bell native who graduated from Penn State, as well as homebuilder and owner of Rotelle Development in Pottstown, explained the varying dynamics for Michaelle Bond at The Philadelphia Inquirer. Rotelle formed an HOA at one…
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King of Prussia Real Estate Company Sells Exton Property to Meridian Bank for $3.69M
After outgrowing its Malvern headquarters, Meridian Bank has purchased a 32,800-square-foot office building in Exton it will use to expand, writes Natalie Kostelni for the Philadelphia Business Journal. The financial institution bought 367 Eagleview Boulevard for $3.69 million from Willner Properties, a real estate development, leasing, and management company in King of Prussia, which acquired the…
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Listed on National Register of Historic Places, 18th-Century Inn in Chesco Now Renovated and Up for Sale
After having undergone an extensive renovation, the West Whiteland Inn, which boasts an illustrious history that predates the Declaration of Independence and is listed on the National Register of Historic Places, is now on the market. The West Whiteland Inn, where George Washington is rumored to have slept, is located in central Chester County, one…
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Instead of Planned Apartment Building, Former Acme Space in Gladwyne Becoming McCaffrey’s Food Markets
Alterra Property Group’s controversial plan to build a three-story apartment building with retail space at the former Acme site in Gladwyne has been scrapped in favor of McCaffrey’s Food Markets moving into the vacant store, writes Natalie Kostelni for the Philadelphia Business Journal. Alterra’s original proposal caused an uproar among residents, prompting the community to…
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Malvern Bank House of the Week: 5 Bedroom Wynnewood Colonial Offers Tranquility and Convenience
Step inside this gorgeous 5 bedroom, 3 full and 1 half bath Wynnewood Colonial! Sitting on a wooded 0.94-acre lot with a gently-flowing stream, at the end of a cul-de-sac, this 4,081 Sq Ft home is flooded with sunlight and offers serene views from every window. . The center hall leads to the spacious formal…
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While Investors Are Busy Buying Homes Nationwide, They Aren’t Buying as Much in Montgomery County
While investors are purchasing homes throughout the nation, they are doing so less in Montgomery County than in the rest of the country, write Ashley Fahey and Ryan Mulligan for the Philadelphia Business Journal. According to data by Redfin, which tracked how many homes were purchased by investors in 40 major metropolitan areas nationwide in…
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Berwyn Exec Buys Oceanfront Home in Avalon’s Most Expensive Real Estate Transaction of 2021
An oceanfront home in Avalon, N.J., has sold for a whopping $11.15 million, making it the town’s most expensive property to sell this year, writes Kennedy Rose for the Philadelphia Business Journal. The 4,150-square-foot home sits on a 6,600-square-foot lot and boasts an unobstructed sightline of the ocean on one side. It spans three stories…
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Philadelphia Among Top Ten Metros with Most Active, Anchored-Retail CMBS Debt
Malls across the country are continuing to struggle as many retailers continue to shift away from brick-and-mortar to strengthen their online presence. In as they leave vacant space, they raise fears about the future of this American institution. Ashley Fahey covered one of its most telling bellwethers, commercial mortgage-backed securities (CMBS) debt, for the Philadelphia…
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Malvern Bank House of the Week: Check Out This Light-filled Contemporary Estate in Royersford
Enter the winding driveway off a private cul-de-sac setting and take in the beauty of the professionally landscaped property. Inside this home, the owner has meticulously updated every room. The sprawling open floor plan with windows that bring the outside in, features a gourmet kitchen updated in 2019 with a 4-stool granite island, built-in microwave…
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Montgomery County Mall Sells for $55 Million to a New York Firm in Foreclosure Sale
Kohan Retail Investment Group, a New York-based shopping mall investment company, has bought Montgomery Mall in a foreclosure sale for $55 million, writes Natalie Kostelni for the Philadelphia Business Journal. The sale price represents 95 percent of the mall’s appraised $57.5 million value as of August. Seven years ago, the property was appraised at $195…
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Home Sales in Montgomery County Continue to Drop, Yet Housing Prices Continue Rising
According to a new housing report, home sales in the Philadelphia area continued to drop in October as the “unusually strong activity” of 2020 begins to dissipate, writes Kennedy Rose for the Philadelphia Business Journal. The report, which examines eleven counties across the Philadelphia area, including Montgomery County, Bucks, Chester, Delaware, and counties, also found…
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Malvern Bank House of the Week: Contemporary Manor Home in Haverford Exudes Elegance
Step inside this gorgeous Manor home renovated to perfection and expanded, originally designed by renowned architect Fred Bissinger. Built in 1947, this contemporary estate was spared no expense or fine details in the craftsmanship. . Enter through the exquisite mahogany front doors into the two-story foyer. Ahead, step into the great room, complete with the…
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Demand for Flex Office Space Grows in Montgomery County and the Philadelphia Region
While commercial real estate brokers are working hard to find ways to make office spaces more enticing after the pandemic caused a major shift in how and where many companies work, there are several fields in the Philadelphia region that have ongoing high demand for office space, write Mike D’Onofrio and Taylor Allen for AXIOS.…
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Philadelphia-Area Gen Z on Homeownership: ‘Eh… Not Now’
Gen Z homeownership in the Philadelphia region has a generally positive outlook among its late-teen, early 20s members. However, it doesn’t seem to be a tangible goal many are working on currently. Lilla Szini, Chris Salviati, and Rob Warnock reported the trending hesitancy for the Apartment List. The tepid interest in purchasing or renting a…
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