Real Estate
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Average Rent In Philadelphia Area Generally Lower Than National Average
The average rent in the Philadelphia area is generally below the national average, which reached $1,476 per month in October, according to a new report published by the RENTCafé. However the most expensive for renters in the region and in the state are Philadelphia apartments, with an average monthly rent of $1,652. This average grew…
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House of the Week: Extraordinary Log Home in Schwenksville
An extraordinary log home set on a 3.04-acre lot with three bedrooms and two bathrooms is available for sale in Schwenksville. This charming and unique home features a main floor master bedroom, double porches, a gorgeous great room with skylights and a grand stone fireplace. The remaining nicely sized bedrooms are on the second floor…
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House of the Week: One-Of-A-Kind Contemporary Home in Ambler
A one-of-a-kind contemporary home set on a 3.5-acre lot with three bedrooms and three bathrooms is available for sale in Ambler. Boasting an impressive architectural design, the home is in a true nature oasis in the heart of Gwynedd Valley surrounded by open space area. Inside, the home features an open floor plan with lofty…
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New York Real Estate Company Pays $29M for Shops at Blue Bell
New York-based Katz Properties Retail has paid $29 million for the Shops at Blue Bell, writes Natalie Kostelni for the Philadelphia Business Journal. At the time of the sale, the 103,000-square-foot center was 98 percent occupied. The center was developed in 1995 and purchased by Clairon Partners nine years ago. It was put up for…
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Conshohocken-based Keystone Property Group Sells Two Blue Bell Office Buildings for $34M
Conshohocken-based Keystone Property Group has sold Sentry Park Four and Five, an office complex in Blue Bell, for $34 million to real-estate firm Hudson Equities, writes Katie Park for The Philadelphia Inquirer. Keystone purchased the Sentry Park complex as part of a larger acquisition from Mack-Cali Realty six years ago. Since then it has spent…
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King of Prussia Mall To Be Dethroned As Biggest In Nation
While King of Prussia Mall is still the biggest mall in the nation based on square footage, that title is set to be taken over by a South Florida mall that’s moving forward with construction plans, writes Robert Smith for the Valliant News. Miami-Dade County officials recently considered a zoning proposal for a $4 billion…
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Two Gladwyne Homes Are Among Most Expensive Sold Homes in Philadelphia Metro Area
Two Gladwyne homes are among the most expensive homes sold in the Philadelphia metro area in 2019, writes Sharon Oliver for the Philadelphia Business Journal. The top ten list consists of the most expensive homes sold within metropolitan Philadelphia from January to August 2019. The majority of the list, or seven out of ten homes,…
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House of the Week: A Taste of the Sublime Nestled Among Rolling Hills of Southeast Pennsylvania
A magnificent home set on 80 breathtaking acres with seven bedrooms and five full and four half bathrooms is available for sale in Kennett Square. Both gracious and comfortable, it evokes the best of both Europe and southeastern Pennsylvania. Although it was constructed in 2006, the property features a century-old spring house and barns. Meanwhile,…
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Billion dollar Coworking Office and Lab Campus Planned in King of Prussia
Capitalizing on the burgeoning specialty of life sciences real estate, The Discovery Labs is developing a $1 billion coworking office and lab campus in King of Prussia, writes Greg Isaacson for the Commercial Property Executive. “It’s a really exciting time for investors and developers in the market because of the growth in the market and…
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Here’s What’s Coming to the New Upper Darby Community College Campus at Prendie
In September 2019, Delaware County Community College agreed to buy the former Archbishop Prendergast Catholic High School to create a new Upper Darby full-service campus. The Prendergast building at Garrett Road and Lansdowne Avenue will provide 30 classrooms with chemistry and biology labs, according to a release from the college. The campus will offer a…
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House of the Week: Stunning Regency Colonial On Two Magnificent Acres in Bryn Mawr
A stunning regency colonial home set on two magnificent acres with six bedrooms and five and a half bathrooms is available for sale in Bryn Mawr, writes Sandy Smith for the Philadelphia Magazine. Thornbrook Hill dates back to 1888 and seamlessly blends old and new. It was renovated three years ago to add some distinctly…
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Chesco Resident’s Management Company to Buy Seven Iconic Businesses in State College
Chester County resident Michael Croce – president of Pat Croce & Company, which owns, operates, and builds brands in the hospitality industry – is in the process of acquiring seven iconic Hotel State College and Co. businesses, writes Sarah Paez for the Centre Daily Times. The Penn State graduate confirmed that his Florida-based management company…
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Two Wynnewood Colonial Homes Offer Unified Front with Vastly Different Interiors
Two stone Colonials that sit side by side in the Wynnewood section of Lower Merion are nearly identical on the outside but vastly different on the inside, writes Sally A. Downey for The Philadelphia Inquirer. The two four-bedroom, two-story homes were built around 1939 and externally are mirror images of each other. Then last April,…
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Plymouth Meeting-Based Tornetta Realty Promotes Halloween Safety By Handing Out Free Glow Sticks
In an effort to promote Halloween safety, Plymouth Meeting-based Tornetta Realty, Northtowne Plaza, Hillcrest Plaza, Plymouth Towne Apartments, and Valley Forge Marketplace have donated 1,500 colorful Halloween Safety Glow Sticks to be distributed to residents of East Norriton, West Norriton, and Plymouth Township. The Safety Sticks are easy to use and last up to a…
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King of Prussia’s Morgan Properties Acquires Around 80 Properties from Buffalo Company
King of Prussia-based Morgan Properties has acquired around 80 properties across eight states from Morgan Communities, writes Jonathan D. Epstein for The Buffalo News. The current deal includes 15,000 units, with another 3,000 units set to be acquired by Morgan Properties by the end of the year. That will make a total of 94 properties…
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See Which Montco ZIP Codes Are Among Top 30 in Philly Area with Highest ROI
Six Montgomery County ZIP Codes are among the top 30 ZIP Codes in the Philadelphia area with the highest return on investment over the last decade, writes Kennedy Rose for the Philadelphia Business Journal. The entire greater Philadelphia is considered a very hot housing market with home prices climbing steadily in recent years. According to…
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Former Oak Hill Plaza in King of Prussia More Than Doubles Price In Latest Sale
The office property in King of Prussia formerly known as Oak Hill Plaza has been sold for $37.85 million to Bryn Mawr-based Pembroke Capital, writes Natalie Kostelni for the Philadelphia Business Journal. The four-story building, rebranded to be called by its address, 200 N. Warner Road, has more than doubled its price from May 2016.…
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Former Johnson Matthey Chemicals Plant in Conshohocken To Be Converted into Warehouse Complex
The former Johnson Matthey chemicals plant in Conshohocken is going to be converted into a warehouse complex by a unit of Boston’s Novaya Real Estate Ventures, writes Jacob Adelman for The Philadelphia Inquirer. Novaya Foxfield Industrial acquired the 29-acre property for an undisclosed amount and is planning to clear it for its new 350,000-square-foot complex.…
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