Real Estate
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124-year-old $2.3M Radnor Home Gets Snapped Up Within Ten Days of Being Listed
A fully restored 124-year-old Radnor home is already under contract after just ten days of being listed for $2.3 million, becoming the latest example of the tightening market in the region, writes Kennedy Rose for the Philadelphia Business Journal. The residence was designed by renowned Main Line architect R. Brognard Okie and is one of…
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Distinguished Golf Club in Lafayette Hill To Be Acquired by Union League of Philadelphia
The renowned Ace Club in Lafayette Hill has been put under agreement by the Union League of Philadelphia, writes Natalie Kostelni for the Philadelphia Business Journal. This pending acquisition of the 18-hole Gary Player-designed golf course and conference facility will further expand the Union League’s real estate holdings in New Jersey and Greater Philadelphia. The…
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Developer Plans to Tear Down One Home, Build Six New Houses in Bryn Mawr
A developer in Lower Merion is planning to demolish one residence and build six new houses with access on a cul-de-sac in Bryn Mawr, writes Richard Ilgenfritz for the Main Line Times. The Lower Merion Planning Commission reviewed the preliminary plans earlier this week and recommended the board of commissioners approve them. According to the…
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International Real Estate Firm to Acquire Montgomery County Shopping Centers for $115M
Medipower Public, an international real estate investment firm that owns Centre Square Commons in Blue Bell, is buying six grocery-anchored shopping centers in the region from Berwyn-based Brandoloni Companies for an estimated $115 million, writes Natalie Kostelni for the Philadelphia Business Journal. The Cyprus-based company has put under agreement properties that were offered up for…
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Malvern Bank House of the Week: Sumptuous All-stone Colonial in Blue Bell
A remarkable all-stone colonial home with five bedrooms and four full and three half bathrooms is available for sale in Blue Bell. This stunning residence is one of the three houses on Meadow Farm, which is surrounded by 48 acres of protected land. It sits on 2.1 acres of beautiful rolling terrain and conveys a…
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Malvern Bank House of the Week: $23M Vast, Luxurious Gladwyne Estate is Reminiscent of a Fabulous French Villa
It’s time for a change. This gorgeous custom- build home, located on Monk Road in Gladwyne, has everything you need for a life of luxury. Drive through the gates and down the long driveway, dotted with trees to shade your way, and up to the courtyard. Inside, estate becomes home. . . Gladwyne’s Linden Hill…
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Easttown Township Nixes Plan for Berwyn Village Luxury Apartments
In a recent vote, nearby Easttown Township Supervisors have denied approval for a development project that envisioned luxury apartments at Handel’s Ice Cream block in Berwyn Village, writes Caroline O’Halloran for SAVVY Main Line. The project was proposed by home builder Todd Pohlig and developer David Della Porta of Cornerstone Tracy. Some residents who opposed…
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Local Couple Returns to Main Line from New York Amid Pandemic, Nearly Triples Their Living Space
Area natives Michael Kaufman and Allie Strawbridge have returned to the Main Line from New York, and nearly tripled the living space for their family in the process, writes Sandy Smith for Philadelphia Magazine. The pair moved to the Big Apple for work after graduating from college nearly two decades ago. After a while, both…
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Racial Gaps in Homeownership Continue to Widen During Pandemic
A new report on race and home buying by the National Association of Realtors shows that while the housing market remained strong, gaps in homeownership continued to widen during the pandemic, write Michaelle Bond and Dominique DeMoe for The Philadelphia Inquirer. However the situation has been worsening for much longer, as Black Americans saw the…
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The Best County to Live in Pennsylvania? Right Here in Montco!
Montgomery County is the best county to live in Pennsylvania, according to a new ranking from 1310 Newsradio. With a population of 821,301 and a median household income of $88,166, Montgomery County is one of the most affluent in the Keystone State. . . The median home value is $305,800, with 72 of percent residents…
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See Which Local Towns Are Among Top Five Hotspots for Homebuyers in Montco
Three Montgomery County towns are among the top five hotspots in the Philadelphia area where homebuyers are most focused to start 2021, writes Prevu Real Estate for the Philly Voice. . . Conshohocken, which sits on the Schuylkill River shores, has been attracting both first-time homebuyers and veteran homeowners. Among the many advantages this picturesque…
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Keystone Property Group Sells Stake in AmerisourceBergen’s Future HQ in Conshohocken for Close to $340M
Keystone Property Group has sold a preferred equity stake in AmerisourceBergen’s future headquarters in Conshohocken to PRP Real Estate Investment Management for nearly $340 million, writes Natalie Kostelni for the Philadelphia Business Journal. PRP now owns 89 percent interest in the 429,122-square-foot headquarters, while Keystone Property Group controls the remainder. “It was one of the…
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Owner Slashes Price of Gladwyne Mansion That Has Been on Market for Five Years by $4M
A Gladwyne mansion with an indoor pool that has been on the market for five years has received another price cut, this time of $4 million, writes Kennedy Rose for the Philadelphia Business Journal. . . The property was originally listed for $28 million in July 2016. Since then, the price has been cut several…
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Malvern Bank House of the Week: 10+ Acres of Luxury and Solitude in Tranquil Meadowbrook Manor House
Luxury and privacy abound in this beautiful house beginning with the winding driveway, showing picturesque views. Welcome home to your magnificent estate on 10+beautiful acres. Offering true luxury, privacy, and space for the family at its finest, situated in a tranquil setting. . . The winding driveway welcomes you, flanked by picturesque ponds that lead…
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King of Prussia-based Morgan Properties ‘Continues to Play Offense,’ Acquires Portfolio of 48 Apartment Communities for $1.7B
King of Prussia-based Morgan Properties, the nation’s largest private multifamily owner, and Olayan America have acquired a 14,414-unit apartment portfolio across the Midwest for $1.7 billion from a joint venture between El-Ad National Properties and Yellowstone Portfolio Trust, writes Kristin Hiller for Rebusiness Online. The North Star Portfolio consists of Class B assets in 11…
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Couple Finds Perfect Trade-up for Their Cramped Queens Rental in King of Prussia
Gabe Rodrigues and Travis McQuoid found the perfect trade-up for their cramped Queens rental in King of Prussia amid the pandemic, writes Sandy Smith for the Philadelphia Magazine. The pair moved to the area for work, but wanted to maintain a walkable urban living experience. “We didn’t want to have to commute down the Schuylkill,”…
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See Which Montco Municipalities Made List of Priciest Places in Philadelphia Region in 2020
Eleven Montgomery County municipalities are among the top fifty priciest places and most expensive neighborhoods in the Philadelphia region in 2020, according to a staff report from Philadelphia Magazine. Gladwyne took the top spot with a 2020 average home price of $1,298,390, representing a one-year change of 21 percent. . Villanova is in second place…
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Once-Humble Farmhouse in Worcester Now Stands as Spectacular Residence
A once-humble farmhouse in Worcester has transformed over its two-and-a-half centuries into a spectacular residence ideal for relaxing and entertaining, writes Sandy Smith for Philadelphia Magazine. . . From first glance, it is clear that this French-inspired classic is a classy, elegant, and well-maintained house has evolved over the centuries through additions, renovations, and transformation.…
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