Real Estate
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Malvern Bank House of the Week: Main Line Victorian Splendor—Entertaining at Its Finest
This stunning estate was built in approx. 1878 for Silas Jones, who resided on the original 90-acre parcel owned by his grandfather Jonathan Jones, who was granted the land from William Penn. This five-bedroom, four-full, and two-half-bath home has been meticulously maintained and expanded through the years for modern living. This property is registered as…
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While Real Estate Flips Continue to Flop in Philadelphia, Market Remains Hot in Montgomery County
While renovation flips continue to fail in Philadelphia due to the rising costs and lower demand during the pandemic, the real estate market in Montgomery County remains hot and filled with opportunities as families relocate to the suburbs in search of more land and space, reports NBC10 Philadelphia. “For the last year people are leaving…
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Fort Washington-based Toll Brothers Lines Up $100M Loan for Philadelphia Apartment Project
Fort Washington-based Toll Brothers has secured a $100.2 million construction loan through Wells Fargo for an apartment complex in Philadelphia, writes Natalie Kostelni for the Philadelphia Business Journal. Last year, the luxury builder bought the site at Broad and Noble streets where it plans to develop the 344-unit apartment project from the Church of Jesus…
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Former QVC CEO Puts Georgian-Style Estate on the Market for $2.95M
Last week Doug Briggs, former CEO of Chester County-based QVC, put his estate on the market, with an asking price of $2.95 million. Kennedy Rose, for the Philadelphia Business Journal, profiled the Malvern property, with its movie theater, huge wine cellar, and stately exterior. The home, built in 1990, features five bedrooms and seven full…
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See Which Montgomery County ZIP Code is Among Hottest in the Philadelphia Region
Zillow recently published its list of the most popular ZIP codes in the Greater Philadelphia area. The hottest places were determined by analyzing viewership data on the real estate marketplace listings to find the median number of views per ZIP code. ZIP Code 19001 (Abington and Willow Grove) is one of the hottest ZIP Codes…
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King of Prussia-based Morgan Properties Purchase Two Large Apartment Portfolios for $780.5M
King of Prussia-based Morgan Properties, which focuses on Class B multifamily properties, has acquired two large apartment portfolios throughout the South for $780.5 million, writes Natalie Kostelni for the Philadelphia Business Journal. This has increased the company’s total number of apartment units nationwide to 95,000. Morgan Properties purchased the Middle Street Partners and Northland portfolios,…
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King of Prussia Fitness Center Sells Its Building For $42 Million
An affiliate of Life Time Group Holdings sold its 150,000-square-foot building in Tredyffrin Township to a New York firm. Natalie Kostelni reported the $42 million transaction for the Philadelphia Business Journal. Pan Am Equities bought the nearly 15-acre property, located off Swedesford Road at Old Eagle School Road. The facility is often identified as a…
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For Landenberg Couple, Leaving Their Frank Lloyd Wright-Inspired Home a Bittersweet Experience
For architect Donald Dunham and classics professor Annette Giesecke, leaving their Frank Lloyd Wright-inspired home in Landenberg after two decades is a bittersweet experience, writes Drew Limsky for Main Line Today. The couple put their souls into the house. They were so committed to its look and style that they lived in a trailer on…
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Malvern Bank House of the Week: Make an Offer on This Adorable, Light-filled Cape Cod in Wynnewood
Set in one of Wynnewood’s most desired neighborhoods this charming sun-lit stone Cape Cod will delight you with 4 bedrooms and 3.5 bathrooms. It is 4,085 sq. ft. The flagstone walkway and stone garden wall lead you to the front door where you are greeted by hardwood floors, lots of windows allowing for sunny spaces,…
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Conshohocken-owned Office Park Bought by Florida Real Estate Company for $135M
Accesso Partners, a Florida real estate company, has purchased Westlakes office park in Berwyn from Conshohocken-based Keystone Property Group for $135 million, writes Natalie Kostelni for the Philadelphia Business Journal. The 455,183-square-foot, four-building complex set on 40 acres was 92 percent occupied at the time of the sale. Tenants include PNC Bank, Brinker Capital, Montgomery…
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As Apartment Rent Rates Rise Nationwide, How Bad is it For Tenants in Montco & Surrounding Areas?
While the past 18 months have ushered in an unprecedented sellers’ housing market nationwide, apartment rent rates have also followed the upward trend in the Philadelphia area and surrounding regions. Ashley Fahey and Ryan Mulligan covered the local impact for the Philadelphia Business Journal. According to an analysis of RealPage data by The Business Journal,…
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Malvern Bank House of the Week: Classic Colonial in Bryn Mawr Offers Elegance and Beauty
This designed residence in the private Pembroke Estates enclave is an absolute gem, with a floor plan and scale that is timeless and so livable, with details that are elegant yet not overdone. Add inviting, sun-filled interiors, with its broad, front veranda is welcoming and large enough to accommodate alfresco entertaining. A step-down formal living…
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Malvern Mansion Full of Intrigue — and a Checkered Ownership History — Again Up for Sale
A Malvern mansion on a 2.4-acre property encircled by Valley Creek Preserve is up for sale for $9.875 million, writes Kennedy Rose for the Philadelphia Business Journal. This 22,000-square-foot home has 29 rooms, including seven bedrooms and nine full and three half bathrooms. Other highlights include a wine cellar, a movie theater, and even a…
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This Pennsylvania County Ranks Among Top 10 Places to Buy a House
To determine the ranking, Niche compared counties in the Keystone States using several relevant metrics, such as home values, property taxes, homeownership rates, housing costs, and real estate trends. Montgomery County is one of the top ten places to buy a house in Pennsylvania, according to a recently released list by Niche. Montgomery County came…
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Former Harleysville Group Headquarters Acquired by Malvern-Based Developer for $10.5 Million
Malvern-based E. Kahn Development has acquired the former Harleysville Group headquarters in Montgomery County. It bought the site from Broadstone Net Lease for $10.5 million, writes Natalie Kostelni for the Philadelphia Business Journal. The 241,688-square-foot building was constructed in 1950 and sits on a 48.7-acre plot. According to property records, Broadstone purchased the property in…
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Malvern Bank House of the Week: Penn Valley Farmhouse Offers Endless Charm in a Bucolic Setting
A true Penn Valley gem listed, located at 938 Summit Road in Narberth with 6 bedrooms, and 3.5 baths. It has 4,036 sq. ft. and is listed for $1,300,000 This Colonial Farmhouse sits on 3/4 acres of mature trees and plantings tucked away in a quiet, lovely setting in Penn Valley. From the covered front…
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With Fewer Buyers, Buying a Home in Montco Might Be Easier, But Not Necessarily Cheaper
With many of the shoppers who snatched up a house during the spring and summer stampede now out of the picture, buying a home in Montgomery County may have become an easier task—albeit not a cheaper one, writes Kennedy Rose for the Philadelphia Business Journal. So far this year, first-time homebuyers had to battle those…
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Malvern Bank House of the Week: Enchanting Penn Valley Oasis is an Entertainer’s Paradise
Welcome home to 540 Sprague Road in Penn Valley, Montgomery County. With 4 bedrooms, 4.5 bathrooms, and 4,683 sq. feet, this newly renovated home is just waiting for you. . Listed at $1,300,000, this spacious home was meticulously maintained, from the circular driveway to the stone-accented façade! This gorgeous home boasts semicircular archways, recessed lighting…
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