Real Estate
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Apartment complex in King of Prussia’s The Village at Valley Forge trades for $75M
According to Montgomery County property records, Hanover Valley Forge, one of the first apartment complexes built in The Village at Valley Forge has traded for $75 million. A sale recorded in September with Montgomery County shows that MetLife Real Estate Investors shelled out $75.33 million for the 339 units. This is the first multifamily sale…
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Norriton Medical Center sells for $12.35 million
Tucked away behind the Boyd-Horrox-Givinish funeral home off Germantown Pike sits a fairly nondescript building that holds a very descriptive price tag. Holliday Fenoglio Fowler, L.P. (HFF) announces the $12.35 million sale of Norriton Medical Center, a 74,212-square-foot medical center anchored by Einstein Orthopedics and Moss Rehab in the Philadelphia suburb of East Norriton, Pennsylvania,…
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House of the Week: 6112 Sheaff Lane, Fort Washington
Luxurious 1930s Country Georgian Manor Estate with traditional architecture reinterpreted for modern times. Exciting new, bright and clean interiors, successfully blending old world exterior with modern aesthetics, according to the listing on realtor.com. [uam_ad id=”54865″] Majestically sited at end of tree lined driveway on 14 tranquil acres offering exclusive privacy. This 5 Bedroom, 4.2…
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Montgomery County university nearly doubles campus size with purchase of Merck property
Gwynedd Mercy University has nearly doubled the University’s footprint by purchasing a 154-acre property adjacent to its campus on Sumneytown Pike. The property, which was previously owned by Merck Sharp & Dohme Corp., adds 157,000 square feet of useable interior space to the University and expands the campus to 314 acres. Merck was represented in…
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Toll Bros. eyes corporate HQ move, will remain in Montco
With not quite the same cross country cache of an Amazon HQ move, leaving Horsham for Fort Washington is still enough to make waves in Montco. Toll Brothers Inc., which has been based at 250 Gibraltar Road in Horsham since late 2004, is nearing a lease deal at 1100 Virginia Drive in Fort Washington, according…
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House of the Week: Frank Sinatra’s custom-designed Malibu beach house
First, it was available to rent. Now, it’s priced to sell. After starting its sales journey this summer as a rental asking $110,000 per month, the home Frank Sinatra and his wife Barbara designed for themselves has come to market as part of the Sinatra estate. The Sinatras bought the property in the early ’90s for $3 million…
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Plymouth Meeting to be new site of Brandywine Realty office building
Metroplex is growing into a big word in the Plymouth Meeting region. Brandywine Realty Trust is moving forward with the development of Metroplex Two, an 11-story, 280,000-square-foot office building off Chemical Road in Plymouth Meeting. The building will join Metroplex One, a five-story, 120,800-square-foot office building that Brandywine built roughly 10 years ago that kicked…
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Montco remains at the top of suburban commercial real estate market
Like the hottest restaurant in town, where you just can’t seem to get a table, office tenants aspire for a centrally-located seat along Philadelphia’s storied Main Line, or right next to it, but can’t find the space at a price they like, writes cbreemail.com. [uam_ad id=”54865″] The “premier” suburban office submarkets (Main Line, Conshohocken, Bala…
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Manayunk may soon be home to former Dallas Cowboys running back’s tech company
The intense rivalry between the Philadelphia Eagles and the Dallas Cowboys may get a little more heated if a former running back of the Cowboys is cleared to build a tech hub a little more than a hail Mary away from Lincoln Financial Field. A development firm helmed by former Dallas Cowboys running back Emmitt Smith…
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House of the Week: 717 Mount Moro Road, Villanova
Welcome home to 717 Mount Moro, an exquisitely remodeled carriage home on the Mainline! This 4 bedroom, 2.5 baths charming home is light-filled, spacious and luxurious. Enter the welcoming circular drive with gated motor court and established plantings. The front door opens to the dramatic slate foyer with vaulted ceiling which leads to a grand…
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Real estate companies combating cyber attacks
You might think banks would be a prime target for the nefarious souls who troll the dark web, but there are a couple of other industries square in their crosshairs. Real estate companies experienced a significant number of cybersecurity attacks this quarter, specifically email fraud attacks, according to new research by Proofpoint, a California-based cybersecurity specialist. More, in…
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House of the Week: 1545 Trooper Road, Worcester
Attention horse lovers or car collectors. This exceptionally charming and exquisitely renovated 6 bedroom farmhouse situated on over 4 acres includes a totally renovated, 14 stall bank barn w/water available for each stall, 2 tack rooms (1 heated), 2 horse-washing stalls, gorgeous stone walls, high ceilings & an incredible 2nd floor providing the ultimate party…
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Alleged real estate scam was offering ‘Sanctuary’ in Belize
Belize is beautiful this time of year. Well, it’s really beautiful any time of year, except of course if you happen to be one of the more than 1,000 people who invested in what they thought was a piece of paradise. According to the FTC, a repeat con man named Andris Pukke set up the…
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House of the Week: 240 Booth Lane, Haverford
With a prevailing sense of graciousness throughout, this exceptional Mahoney built colonial home is the essence of family living with remarkable architectural details throughout. Ideally sited in a highly desireable North-side Haverford neighborhood. Upon entering the home you are welcomed into a sun-filled transverse entrance foyer. To the right is a spacious Living Room with…
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Qlik moves into its King of Prussia headquarters
Moving on up — and into 211 Gulph Road in King of Prussia. Qlik, a business-data-analytics and -management company owned by Chicago tech buyout firm Thoma Bravo LLC, employs 2,000 engineers, sales, and support people — but nobody went to work at its Radnor headquarters last week. Chief executive Mike Capone was off leading a string…
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Two-building complex in Oaks sells for $15.3 million
Sometimes you have to zig when others are zagging, and that holds just as true in the commercial real estate business as it does in any other. Acorn Development has sold the Oaks Corporate Center, a two-building office complex off Route 422 that it built on speculation in 2000. The sale price was $15.3 million,…
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House of the Week: 412 Academy Circle, Merion Station
Extraordinary renovation…sprawling Tudor on nearly half-acre lot with mature landscape on one of Merion’s premier streets. Original details sensitively preserved, but floor plan significantly altered by current owners for modern living. Exceptional features/finishes throughout. Formal entry with original black/white marble flooring, new 1/2 bath and architecturally important stair. Beautifully-proportioned living room with beamed ceiling and…
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Horsham-based Toll Bros. paving the way for thousands of homes in Arizona
Talk about paving the way for the future. Toll Brothers Inc., based in Horsham, is grading 800 acres to pave the way for 2,200 homes in Surprise, Ariz., a rapidly growing suburb northwest of Phoenix. The $250 million project is within the 3,200-acre Prasada master-planned community being developed by a partnership composed of Salt Lake…
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