Real Estate
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As American Families Change, So Does the Housing in Our Region
Housing trends nationally and locally are shifting from single family homes to multi-unit housing , adapting to more childless couples, singles and single-parent households, writes Evan Brandt for mainlinemedianews.com. Households headed by married parents dropped from 25 million to 23.7 million between 1980 and 2017. During the same period, singles with no children rose by…
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Malvern Bank House of the Week: Elegant and Sophisticated Custom Colonial in Rydal
An elegant and sophisticated custom colonial home set on a 1.08-acre lot with four bedrooms and three and a half bathrooms is available for sale in Rydal. Built in 2007, the residence offers the finest finishes, extensive lighting, and a thoughtful design. Inside, the spacious center hall foyer sets the stage for the large living…
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King of Prussia-Based Morgan Properties Bought $5.3 Billion in Loans from Freddie Mac Last Year
Morgan Properties, the King of Prussia real estate company known for ownership of Class B apartment properties, grew its multifamily credit portfolio significantly last year by acquiring $5.3 billion in loans from Freddie Mac, writes Natalie Kostelni for the Philadelphia Business Journal. The five deals marked the biggest year for Morgan Properties since it launched…
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Bentley Homes Returns to the Main Line With Land Buy From Valley Forge Military Foundation
Valley Forge Military Academy Foundation has sold five undeveloped lots along Radnor Road at Upper Gulph Road to Bentley Homes for $1.65 million, writes Natalie Kostelni for Philadelphia Business Journal. Bentley Homes plans to build single-family residences, part of a broader effort by the home builder to return to its Main Line roots. “I was…
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House of the Week: One-of-a-Kind Masterpiece in Pottstown
A magnificent one-of-a-kind home masterpiece set on a 1.78-acre lot with four bedrooms and four bathrooms is available for sale in Pottstown. This contemporary home also boasts a touch of Prairie School architectural design that was made famous by renowned architect Frank Lloyd Wright. Inside, the stacked stone structure is teeming with elegance and sophistication,…
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Neighbors of Toll Brothers Chesco Development on Court’s Decision: ‘This Ends Sacrilegious Attempt to Defile a Hallowed Battlefield’
Toll Brothers suffered another setback in its attempt to develop Crebilly Farm, as the Commonwealth Court affirmed the decision rendered by a Common Pleas judge that the developer had failed to meet the requirements for its conditional use application to build homes on the Westtown site, writes Bill Rettew for the Daily Local News. The…
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Grounds Around Lindenwold Castle In Ambler Being Cleared For Luxury Mixed-Housing Development
The grounds around Lindenwold Castle in Ambler are being cleared for a luxury mixed-housing development, and not everybody in the community is happy about it, writes Stacia Friedman for the Hidden City Philadelphia. While some are calling the impending arrival of 104 high-end homes and a luxury retirement community complex progress, others see the project…
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Joseph B. Wolffe Trust Receives Several Offers For Valley Forge Medical Center In East Norriton
Joseph B. Wolffe Trust has received multiple offers for Valley Forge Medical Center In East Norriton, an addiction treatment facility that has been on the market for four months, writes John George for the Philadelphia Business Journal. According to Beth Wolffe, a trustee for the owner of the medical center, the offers are “from behavioral…
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House of the Week: Stunning California Contemporary Home in Jenkintown
A stunning California Contemporary home with four bedrooms and three full and two half bathrooms is available for sale in Meadowbrook. Situated on a beautifully landscaped 0.95-acre lot, the home opens into an expansive foyer that is just a preview of the grandiose open floor plan. Among the numerous highlights inside are the large living…
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Here’s 5 Plans to Cut Property Taxes Being Considered Right Now by State Legislators
Five proposals to cut or eliminate property taxes were presented Thursday to the state legislature, writes Ford Turner for The Morning Call. Plan 1 reduces school property taxes by 8.62 billion dollars. It increases the state’s personal income tax from 3.07 percent to 4.07 percent, increases the sales tax by 1 percent and requires school…
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Hampton Inn in King of Prussia Sells For $16.7M To New York-Based MCR Hotels
New York-based MCR Hotels has purchased The Hampton Inn in King of Prussia for $16.7 million, a small increase over the amount it traded for in 2016, writes Natalie Kostelni for the Philadelphia Business Journal. The fifth-largest hotel owner-operator nationwide purchased the hotel from Ascent Hospitality, which acquired it three years ago for $16.3 million.…
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Residents Ask Horsham-Based Toll Brothers To Include Public Bathroom For Philadelphia North Broad Street Project
A group of residents have asked Horsham-based Toll Brothers to include a much-needed public bathroom in plans for its North Broad Street project in Philadelphia, writes Hannah Chinn for the Whyy. The request was made by Sarah McEarney, president of the Callowhill Neighborhood Association, at a meeting of the city’s Civic Design Review held in…
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NY Real Estate Firm Plans Major Development in Bala Cynwyd
New York-based Tishman Speyer Properties has unveiled plans for a major mixed-use development in Bala Cynwyd to include 755 apartments and a hotel, along with office, retail, and restaurant space, writes Natalie Kostelni for the Philadelphia Business Journal. The development would add more than 2.6 million square feet of space to the real estate firm’s…
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MONTCO House of the Week: Gorgeous Colonial in Ambler
A gorgeous colonial home on a stunning 1.5-acre lot with four bedrooms and four and a half bathrooms is available for sale in Ambler. The residence is on a private road that ensures highly coveted privacy. The entire first floor was recently totally remodeled and now includes radiant heating throughout. Among the many highlights is…
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Conshohocken-Based RW Partners, Vastgood Properties Acquire Portfolio Of Giant Supermarket-Anchored Shopping Centers
A Conshohocken-based real estate investment and development firm RW Partners partnered with Vastgood Properties to acquire a portfolio of seven Giant supermarket-anchored shopping centers throughout mid-to-eastern Pennsylvania for $127 million, writes John Jordan for the GlobeSt.com. The partnership has secured $97 million in acquisition financing from New York City-based Meridian Capital Group. The portfolio spans…
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MONTCO Luxury Apartments of the Week: Residences at Bentwood Establishes New Standard for Living
Located in East Norriton, The Residences at Bentwood provides the last missing piece in Montgomery County: a signature luxury apartment community along Germantown Pike, just east of Route 202. The latest addition to the prestigious Bentwood mixed-use campus, one of the most recognizable real estate settings in Montgomery County, The Residences at Bentwood establishes a…
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Commercial Real Estate: ‘I Want In’
By Eric Kuhn, Pillar Real Estate Advisors “I want to get into commercial real estate.” We hear that multiple times a week from people who are realizing the value of owning investment property where the rents are guaranteed for multiple years and/or split between a large group of tenants, so if one falls off, it’s…
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Upper Dublin’s “Light Up a Life” Holiday Light Show To Skip This Year, Readies For Swan Song Next Year
Upper Dublin’s “Light Up a Life,” one of the most popular holiday light shows in the region, will not be presented this year, writes Ellie Silverman for The Philadelphia Inquirer. Jack Yoast has been putting up the spectacular light display at his home at 1320 E. Butler Pike in Upper Dublin Township for eleven years.…
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