Real Estate
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Work Culture of Pillar Real Estate Advisors Is Its Greatest Asset
Commercial Real Estate Brokerage is certainly not exempt from the challenges most industries face today. In fact, depending upon your firm’s business strategy, many in the field are finding themselves without the support and guidance needed to navigate these times, much less grow a business during them. So, how has Pillar Real Estate Advisors managed…
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State of Elkins Park Mansion No Longer a Mystery Thanks to Crafty YouTubers
Despite its incredible history, the 110-room Lynnewood Hall in Elkins Parks has been sitting empty for nearly 25 years, writes Jenn Ladd for The Philadelphia Inquirer. The former home of Peter A.B. Widener and family, two of whom died on the Titanic, was once known for its opulence both inside and out. But today, the…
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Horsham-Based Toll Brothers Purchases Center City Site to Build 18-Story Apartment Building
Horsham-based Toll Brothers has purchased a parcel in Center City for $14.1 million and is planning on developing an 18-story apartment building at the site, writes Natalie Kostelni for the Philadelphia Business Journal. The luxury homebuilder acquired the plot from the Church of Jesus Christ of Latter-Day Saints (The Mormons). The deal involved several properties,…
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Velocity Venture Partners Acquire Lansdale Area Warehouse-Distribution Center for $33M
Velocity Venture Partners has acquired a 667,019-square-foot industrial building in the Lansdale area for $33 million from an Advance Realty and Davis Cos. partnership, writes Natalie Kostelni for the Philadelphia Business Journal. The building sits on an 84-acre parcel with around 55 percent occupancy at the time of the sale. The property last traded six…
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Montgomeryville’s Nappen & Associates Expands Portfolio with Quakertown Addition
Montgomeryville-based industrial real estate developer, Nappen & Associates, is expanding its portfolio with its latest Quakertown addition. Located at 2525 Milford Square Pike in Quakertown, this 125,000 square foot state-of-the-art warehouse is quickly nearing completion. Featuring 33’6” high ceilings, 16 tailgates with levelers, 4 drive-in doors, the building also provides an ESFR sprinkler system and…
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Plymouthtowne Apartments Expanding with New Premiere Units
Plymouthtowne Apartments in Plymouth Meeting is expanding with newly built Premiere Apartments. The complex that up until now had 165 traditional one- and two-bedroom apartments has added 70 new Premiere units. These new additions feature one-bedroom homes with den and one and a half bathrooms as well as two-bedroom homes units with two bathrooms and…
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Philadelphia Region Housing Market ‘Insane’ Thanks to Continuously High Buyer Demand
Thanks to continuously high buyer demand, the housing supply and number of days a house spends on the market reached record lows in the Philadelphia region last month, writes Michaelle Bond for The Philadelphia Inquirer. In August, new listings also reached a ten-year high following pandemic-related delay to the usually busy spring market. In fact,…
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Kobe Bryant’s Childhood Wynnewood Home with Original Basketball Hoop Just Listed
Kobe Bryant’s childhood home in Wynnewood with its Black Mamba’s old basketball hoop still in the driveway has hit the market, writes Shanna McCarriston for the CBS Sports. The five-bedroom colonial home which is a unique piece of sports history has an asking price of $899,900. The LA Lakers legend who tragically died in a…
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Malvern Bank House of the Week: Custom-Designed Gem in Blue Bell
A custom-designed colonial with six bedrooms and six full and four half bathrooms is available for sale in Blue Bell. This rare gem offers a unique blend of warmth and exquisite amenities located on a gorgeous 2.41-acre lot. Highlights include the foyer with a two-story cathedral ceiling and sweeping staircase, a spectacular dining room with…
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Proposed Downtown Norristown Development to Bring Business and Residents to Main Street
New Norristown development plans that will bring businesses and residential properties to a marquee Main Street complex were presented by Spartan Drywall owner Dominic Truelove to the Norristown Municipal Council, writes Rachel Ravina for the Times Herald. What was Baer’s Home Furnishings at 118-120 E Main St., acquired by Mill City Properties in March 2019,…
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Malvern Bank House of the Week: Contemporary Masterpiece in Ambler
An exceptional contemporary home with five bedrooms and three full and two half bathrooms is available for sale in Ambler, writes Sandy Smith for the Philadelphia Magazine. Nestled on a private 1.75-acre sloping lot with breathtaking view, the residence – which takes the form of a ranch house albeit somewhat liberally – is intelligently laid…
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King of Prussia Mall Lord & Taylor Location to Close as Retailer Announces Going Out of Business
Lord & Taylor is officially going out of business and will close all of its remaining stores, including its location as an anchor tenant in King of Prussia Mall, writes Jeff Blumenthal for the Philadelphia Business Journal. The first department store established in the United States filed for Chapter 11 bankruptcy protection several weeks ago.…
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Toll Brothers Raises Prices of Luxury Homes As Signed Contracts Reach Record High
Horsham-based Toll Brothers has reached a record high in signed contracts for luxury homes during the last quarter, writes Ryan Sharrow for the Philadelphia Business Journal. The homebuilder reported a 76 percent year-over-year increase in the number of contracts for June as well as a 31 percent bump for July. The strong demand has continued…
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Malvern Bank House of the Week: Spectacular Private Country Estate in Plymouth Meeting
A stunning colonial home with four bedrooms and three full and three half bathrooms is available for sale in Plymouth Meeting. The home is nestled on a spectacular private country estate ideally positioned to take advantage of the gorgeous vistas. Its many highlights include the spacious living room complete with fireplace, family room with cathedral…
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PROTECS Innovation Center in Blue Bell Nabs Two New Tenants
PROTECS Innovation Center in Blue Bell, which is owned by 4 Valley Square Group, has added two life science companies to its tenant roster, according to a staff report from The Pottstown Mercury. KorGene, a market leader in developing targeted, molecular diagnostics, signed a lease on 8,259 square feet of the 50,000-square-foot lab and life…
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Bala Cynwyd Salon Owners Move to Presidential City Apartments
After seeing the Presidential City penthouse they now currently live in, Michel Noel and Traviss Kraisoraphong instantly fell in love with it and decided it was time to move, writes Terri Akman in The Philadelphia Inquirer. Nearby in Bala Cynwyd is NoelSy Art in Beauty salon, which Noel is the co-owner of with Kraisoraphong and…
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Plymouth Meeting-Based Protecs Sets Its Sights on Developing New Building in Upper Merion
Plymouth Meeting-based Protecs Innovation Centers is planning to develop a new 74,000-square-foot building in King of Prussia, writes Natalie Kostelni for the Philadelphia Business Journal. The company that converts offices into spaces for life science and tech firms will connect the new structure to its existing building in Upper Merion. The space will initially be…
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Conshohocken Project a Bright Spot Among Keystone Property Group’s Suburban Properties
Keystone Property Group’s $325 million project in Conshohocken known as Sora West is the company’s highlight among its suburban properties, writes Jacob Adelman for The Philadelphia Inquirer. The Conshohocken-based company’s suburban office spaces have been negatively affected by the coronavirus pandemic, as a growing number of businesses move to reduce or completely do away with…
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