Real Estate
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Center City’s Largest Apartment Tower Goes Up for Sale Again After 4 Years
Center City’s largest apartment tower, on 1500 Locust Street, is back on the market four years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 605-unit, 45-story building was acquired by New York real estate firm Fairstead and Minneapolis investment company Castlelake for $233 million back in December 2021. It…
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Two Major King of Prussia Hotels Hit the Market Ahead of Colossal Year for Tourists
Two well-known King of Prussia hotels are officially on the market, creating a rare investment opportunity in one of Montgomery County’s busiest commercial districts, Emma Dooling for The Philadelphia Business Journal. The Fairfield Inn Philadelphia Valley Forge/King of Prussia and the Crowne Plaza Philadelphia King of Prussia were recently listed for sale after their previous…
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Yolanda Hadid Withdraws Her “Sanctuary” Farm in New Hope from Market
Three months after listing her “sanctuary” for sale, Yolanda Hadid decided to withdraw the $10.88 million New Hope farm from the market, writes Kelsi Karruli for Realtor.com. In September, the former Real Housewives of Beverly Hills star said that she was prepared to move on from her New Hope home, where she had lived for…
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125-Room Great Valley Hotel Sells for $10.4 Million to BNS Associates
Moody National REIT II, a Houston real estate investment trust, has sold the 125-key Hampton Inn Philadelphia Great Valley Malvern in Frazer to BNS Associates for $10.4 million, writes Emma Dooling for the Philadelphia Business Journal. The deal, which closed on Dec. 11, 2025, comes out at $83,200 per key, below the average price per room of $100,971 for hotel sales in…
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Temple University Pays $8 Million for Former McDonald’s Site Adjacent to Its Sports Complex
Temple University has purchased the former McDonald’s site at Broad Street and Girard Avenue, next to Temple University Sports Complex, for $8 million, writes Ryan Mulligan for the Philadelphia Business Journal. The fast food restaurant that once occupied the lot was demolished in 2023. This acquisition continues a series of deals the university has pursued…
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Former Exton Office Building Converted into 32-Unit Apartment Building
A vacant office building in Exton has been redeveloped into a suburban rarity, an apartment building with 24 studio units and eight single-bedroom apartments, writes Joseph N. DiStefano for The Philadelphia Inquirer. Ownership of the building rests with a group led by local real estate lawyer David McFadden, broker John McGee, and investment partner Chiu Bai. The group hopes…
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Center City Office Leasing Market Saw Strong End to 2025, Here’s Why
More than five years after the pandemic lead to Center City seeing less and less commuters, its office market is finally getting more stable. This is due to an increase level of tenant interest in trophy properties, writes Noah Zucker for BisNow. According to JLL, the city’s central business district — which includes Center City,…
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Dock Mennonite Makes $1.5M Land Play in Montgomery County
A longtime Montco private school is expanding its footprint with a notable land purchase in Hatfield, writes Ryan Mulligan for The Philadelphia Business Journal. Dock Mennonite Academy has acquired a neighboring 4.5-acre farm property at 1850 Tomlinson Road in Hatfield for $1.53 million, giving the school additional room to grow while preserving open space next…
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Major Nonprofit NPT Picks Conshohocken for 40K-SF Office Expansion
The National Philanthropic Trust (NPT) is moving to a new Montco location, writes Noah Zucker for BISNOW. The nonprofit has signed a 40,000-square-foot lease at Three Tower Bridge, located at 2 Ash Street in Conshohocken. The building is owned by Gladstone Commercial Corp, which acquired the 60,000-square-foot property in 2017. NPT evaluated office options across…
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First Bank House of the Week: Custom Farmhouse Living Meets Protected Open Space in North Wales
Listed at $1,698,900, this custom new-construction opportunity at 415 W. Prospect Ave. in North Wales offers a rare blend of luxury living and protected natural surroundings, according to a listing featured on Realtor.com. Situated on a secluded 1.5-acre homesite, the property backs directly to more than 270 acres of preserved land owned by the National…
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Greater Philadelphia Will Be Among Hottest Housing Markets for 2026, Zillow Predicts
Greater Philadelphia ranks in the top ten hottest housing markets for 2026, according to Zillow’s recently released annual forecast, writes Ryan Mulligan for the Philadelphia Business Journal. The analysis evaluates the nation’s 50 most populous metro areas using an index based on projected home value appreciation, time homes spent on the market last year, the…
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Bridges at Warwick Sells to REIT Specializing in Senior Housing for $50.2M
The Bridges at Warwick has been sold to National Health Investors, a real estate investment trust specializing in senior housing, for $50.2 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 107-unit assisted living and memory care community, located at 1600 Almshouse Road in Jamison, was previously owned by an affiliate of Orlando, Florida-based…
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The Shops at Liberty Place, Center City Retail Space, Go Up for Sale
The Shops at Liberty Place, a retail space within the Liberty Place mixed-use complex in Center City, is now up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Chicago-based Metropolis Investment Holdings owns the two-level shopping center at 1625 Chestnut Street, as well as the attached One Liberty Place, a 61-story, 1.1 million…
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Toll Brothers Sells Second Atlanta Apartment as Multifamily Exit Continues
Toll Brothers has sold another Atlanta-area apartment community, continuing its exit from the sector, writes Tyler Wilkins for The Philadelphia Business Journal. An affiliate of PGIM Real Estate acquired the 290-unit Notion Decatur property for $76 million in mid-December, according to county records. The apartment complex sits just outside downtown Decatur near MARTA’s Avondale station.…
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Leadership Change at Toll Brothers Signals New Chapter
Fort Washington’s Toll Brothers is preparing for a major leadership transition as longtime executive Karl Mistry has been named the company’s next chief executive officer, writes Paul Schwedelson for The Philadelphia Business Journal. Mistry will succeed Douglas Yearley Jr., who has led the national luxury homebuilder since 2010. Yearley will move into the role of…
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First Bank House of the Week: Inside a $2.6M Modern Farmhouse at The Gwynedd Reserve
Priced at $2,599,900, a newly built luxury residence in Lower Gwynedd Township is turning heads as one of Montgomery County’s most refined new offerings. . . According to Realtor.com, 770 Johns Lane sits within The Gwynedd Reserve, an intimate enclave of just five custom homes tucked along a quiet cul-de-sac in one of the township’s…
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Phoenixville Shopping Center Shadow-Anchored by Acme Supermarket Sells for $7.4 Million
A 33,000-square-foot shopping center near downtown Phoenixville that is fully occupied and shadow-anchored by Acme, sold in November for nearly $7.4 million, writes Erin McCarthy for The Philadelphia Inquirer. The complex changed hands from a Malvern-based private investor to one based in Glen Mills, with both entities structured as limited liability companies in the deal. The corporately owned Acme…
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Office Space Opens Up at Transit-Accessible Jenkintown Plaza
New office space is now available at Jenkintown Plaza, offering flexible leasing options in a transit-friendly town, writes Dino Ciliberti for Patch. The multi-tenant building at 101 Greenwood Avenue is marketing space on its lower level and fourth floor. Current availability includes two lower-level suites totaling 897 square feet and 2,069 square feet, along with…
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