Real Estate
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See Which Montco Zips Are Among America’s Hottest Neighborhoods of 2021
Three Montgomery County places are among America’s hottest neighborhoods for 2021, according to a list recently published by Redfin. The analysis looked at U.S. ZIP codes based on year-over-year growth in listing views on Redfin.com and Redfin Compete Score in October 2020. The majority of the hottest neighborhoods nationwide have something in common: they offer…
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Malvern Bank House of the Week: Charming Victorian Farmhouse in Norristown
A charming Victorian farmhouse with six bedrooms and four and a half bathrooms is available for sale in Norristown, writes Sandy Smith for the Philadelphia Magazine. This 1883 home offers the perfect blend of old-world charm and modern-day amenities. It was beautifully restored and expanded fifteen years ago. The traditional spaces of the original farmhouse…
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After years of Litigation and Failed Plans, Scottish Castle in Wynnewood Reclaims Former Glory
After years of litigation and failed plans, Maybrook Mansion in Wynnewood is once again on a way to reclaiming its former glory, writes Stacia Friedman for the Hidden City. The majestic building was constructed in the late 1800s. It was designed by Watson Hewitt and William D. Hewitt for liquor baron and business magnate Henry…
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Upper Dublin’s Lulu Country Club Fails to Sell at Sheriff’s Auction, Now Owned by Lender
The Upper Dublin real estate tied to Lulu Country Club failed to sell at an auction arranged by Montgomery County Sheriff’s office on December 2 and the lender has now formally taken ownership of the property, writes Natalie Kostelni for the Philadelphia Business Journal. The property had a $14.98 million minimum bid price which was…
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Renting Currently Provides Bigger Bang for Your Buck Than Buying Home in Philly Area
A new study by the Real Estate Initiative at Florida Atlantic University has found that using your savings for renting and investing is currently a better choice than buying a home in the Philadelphia area, writes Miles Bryan for the WHYY. The university’s ‘Buy vs. Rent Index’ annually compares returns from home equity and the…
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Malvern Bank House of the Week: Breathtaking Gated Estate in Villanova
A stunning colonial home with seven bedrooms and eight and a half bathrooms is available for sale in Villanova. Located along the town’s coveted “Golden Mile” and set on 1.77 beautifully landscaped acres, this breathtaking gated estate offers unrivaled privacy. The many highlights inside the home include an entrance hall with beautiful sweeping curved stairway,…
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Toll Brothers Form New Joint Venture to Develop Luxury Apartment Community in Massachusetts
Horsham-based Toll Brothers is forming a new joint venture with PGIM Real Estate through its Toll Brothers Apartment Living rental subsidiary to develop a new luxury apartment community in Cambridge, Massachusetts. The 525-unit The Laurent will have 426 market-rate units and 99 affordable units. The joint venture has secured a construction loan facility of $142…
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Norristown Looking For Developer Proposal for Undeveloped Downtown Parcel
Montgomery County and Norristown officials are looking for developer proposals for ten adjoining tracts of undeveloped land in downtown Norristown, writes Payton Potter for the Patch. Last month Montgomery County Redevelopment Authority issued a request for proposal where it calls on real estate developers to “acquire, design, finance, construct, manage, and market” the infill site…
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Visionary Couple Turns West Chester Farmhouse into Their Dream Home
Twelve years ago, the first thing Ed and Marisa Rudloff fell in love with when they were considering buying their current West Chester home was the view, writes Terri Akman for The Philadelphia Inquirer. Their transitional farmhouse sits on a wooded acre in a cul-de-sac and overlooks the 500-acre Stroud Preserve. The home needed work,…
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Woodside Takes Title of Richest Town in Pennsylvania
With a median household income that is 209.2 percent more than the national average, Woodside in neighboring Bucks County has taken the title of the richest town in Pennsylvania, according to a list recently released by Newsweek. The list was compiled by Stacker, which used the most recent U.S. Census Bureau Five-Year American Community Survey…
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After Several Owner Changes, Former Wynnewood Castle of Isaac Clothier is Now Armenian Church
The Gothic fortress in Wynnewood that was originally built as a home for Isaac Hallowell Clothier of Strawbridge & Clothier has altered its purpose several times since, serving as an elite school for girls, a set for a Hollywood movie, and finally, a church, writes Stacia Friedman for the Hidden City Philadelphia. In 1865, Clothier…
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King of Prussia Is Among Top Ten Housing Markets in Pennsylvania
King of Prussia is among the top ten healthiest housing markets in Pennsylvania, according to the new analysis recently published by Smart Asset. A healthy housing market is one that is regarded as both stable as well as affordable. Homeowners should be able to sell their homes with ease while at the same time have…
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Spear Street Capital Sells Majority Stake in Blue Bell’s Arborcrest Corporate Campus for $225M
Saudi Arabia-based Sidra Capital has bought a 90 percent stake in Blue Bell’s Arborcrest Corporate Campus from Spear Street Capital for $225 million, writes Natalie Kostelni for the Philadelphia Business Journal. Spear Street acquired the five-building, 855,600-square-foot suburban office complex four years ago for $140 million from Corporate Office Properties Trust. COPT had bought the…
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Malvern Bank House of the Week: Exceptional Colonial in Narberth
An exceptional colonial home with six bedrooms and three and a half bathrooms is available for sale in Narberth. The residence offers the perfect blend of classic 1930s stone architecture and contemporary amenities required by modern living. The interior is highlighted by beautiful classic details such as deep window sills and gorgeous wide planked floors.…
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Wyndmoor Woman Turns Her Home Into Green Oasis, Wins ‘Gardner of Distinction’
Christie Sommers, with help from her husband Steve, turned their Wyndmoor home into a gorgeous indoor oasis that won her a “Garden of Distinction” designation at the annual Gardening and Greening Contest by the Pennsylvania Horticultural Society, writes Sally A. Downey for The Philadelphia Inquirer. Sommers, who operates her business West Oak Design from the…
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Berwyn Real Estate Company Puts Six Area Grocery-Anchored Shopping Centers on Market
Berwyn-based Brandoloni has put six of its grocery-anchored shopping centers in the area up for sale in an effort to take advantage of a market that finds these retail properties to be an attractive investment, writes Natalie Kostelni for the Philadelphia Business Journal. Shopping centers anchored by grocery stores were popular among investors before the…
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Suburbs Continue Outperforming Philadelphia in Apartment Market
Montgomery County and other suburbs keep outperforming Philadelphia in the multifamily market, recording somewhat stable rents and encountering no issues with filling vacancies, writes Natalie Kostelni for the Philadelphia Business Journal. In Ardmore, Cricket Flats, a 77-apartment complex that opened around a month ago already has 50 units rented out. Units range from 1,200 to…
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Creativity Meets Industrial in Montgomeryville-Based Nappen & Associates’ Latest Availability
Nappen & Associates, a leading industrial/flex real estate developer based out of Montgomeryville, has announced its latest flex rental availability to all prospective businesses. Located at 211B Progress Drive in Montgomeryville, this 19,814 square foot flex space can easily satisfy most office/flex needs. With its unique and creative office design, this space provides all the…
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