Real Estate
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Keystone Property Group to clear the way in Conshohocken for Sora West
In efforts to prepare the way for Sora West, a new mixed-use project slated for Fayette and West Elm streets in Conshohocken, Keystone Property Group will knock down two existing offices buildings. That has meant emptying a total of 26 tenants out of 100 W. Elm St. and One W. First Ave., the two 37,000-square-foot…
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House of the Week: 205 Maple Hill Road, Gladwyne
Welcome to 205 Maple Hill Road! A best of both worlds magnificent home in a highly desirable location offering privacy and convenience. Situated on a quiet, private road in the well-established Castle Hill neighborhood of Gladwyne. This impressive 5,348 sq ft stone colonial nestled on almost 3 landscaped, gated acres is just a short walk…
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House of the Week: 615 Fairway Drive, Telford
Situated on a premium lot within Belmont Estates, this home is sure to have all the amenities you are looking for in a home. As you drive up the winding driveway, the home appears to be a beautifully stoned ranch style home, but as you enter the home you will see that it is much…
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BET Investments breaks ground for $200M project in Upper Dublin
The first steps have begun for the Promenade at Upper Dublin, BET Investment’s $200 million mixed-use development on 75 acres at the corner of Welsh and Dreshertown roads in Upper Dublin. The project will involve 128,000 square feet of retail space anchored by a grocery store, an apartment complex with 402 units ranging from 553…
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Conshohocken real estate company purchases vacant Berwyn office complex
Maguire Hayden Real Estate Co., a real estate firm based in Conshohocken. has paid $9.25 million for Cassford Corporate Park, a five-building office complex located off Old Cassatt Road in Berwyn. The property, which includes 1001, 1031, 1041, 1051 and 1061 Old Cassatt Road, has been vacant since 2016, when Vertex Inc. moved its headquarters…
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House of the week: 1351 Bobarn Drive, Penn Valley
Magnificent, 5 Bedroom, 4 Full Bathroom, 1 Powder Room, 6647 Sq Ft Contemporary on a wooded .95 acre lot in sought-after Penn Valley! This amazing masterpiece is located in a quiet cul de sac, with a gated, circular driveway and a 2-car garage, according to the listing on realtor.com. [uam_ad id=”54865″] This one of a…
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Opening date for Comcast tower’s Four Seasons Hotel pushed back; 500 jobs to be created
While the opening of the Four Seasons Hotel at Comcast Technology Center in Center City Philadelphia has been pushed back nearly a year, the process of filling about 500 job openings has already begun. Originally scheduled to open in 2018, officials are now eying a spring 2019 opening that would end a three-plus years absence…
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Horsham-based Toll Brothers reported third-quarter profit of $193.3 million
Toll Brothers Inc. (TOL) on Tuesday reported fiscal third-quarter profit of $193.3 million. The Horsham based company said it had net income of $1.26 per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. The home builder posted revenue…
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PREIT senior VP and chief accounting officer to step down
The Pennsylvania Real Estate Investment Trust, owner pf the Plymouth Meeting Mall, has announced that Jonathen Bell, the trust’s senior vice president and chief accounting officer, will leave the company effective Sept. 4. PREIT gave no reason for Bell’s departure, writes Natalie Kostelni at bizjournals.com. [uam_ad id=”54865″] Robert F. McCadden, chief financial officer, will assume Bell’s…
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House of the Week: Elegance in Elkins Park
This week’s House of the Week is an extensive 5,400 S.F. property was constructed at the turn of the last century for Harry W. Jayne, a Chemist who owned a series of manufacturing plants for the refining of coal-tar products. In the 1920’s, John H. Sinberg (a writer with the Philadelphia Record) purchased the home…
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BET Investments breaks ground on Upper Dublin project
BET Investments, Inc., a Bruce E. Toll Company based in Dresher, Pennsylvania, is holding a ground-breaking ceremony on August 13, 2018 for The Promenade at Upper Dublin, a master planned, mixed use project at the corner of Welsh Road and Dreshertown Road. The project will be completed in summer 2020 and will consist of luxury…
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House of the Week: 1330 N Avignon Drive, Gladwyne
Built by and for the current owner, this Neo-classic contemporary home is set on cul-de-sac street in the Community of Avignon, in Gladwyne, in the heart of Lower Merion. Soaring ceilings, walls of glass, skylights & open floorplan. Double doors lead to picturesque panorama, according to the listing on realtor.com. [uam_ad id=”54865″] Windows abound providing…
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Three movie theaters to open in Willow Grove area
Pennsylvania Real Estate Investment Trust has signed on Studio Movie Grill to space vacated by JC Penney at its Willow Grove Park retail complex. The 12-screen Studio Movie Grill is scheduled to open next year and will join two other movie theaters that will also be opening in that part of Montgomery County, writes Natalie Kostelni…
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Conshohocken office complex hits the market
Stabilis Capital Management, a New York Investment firm, has put up for sale a three-building office complex in Conshohocken called Millennium. The properties include Millennium I at 20 Ash St., Millennium II at 225 Washington St. and Millennium III at 227 Washington St., writes Natalie Kostelni at bizjournals..com. [uam_ad id=”54865″] The properties are estimated to…
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House of the Week: 810 Lantern Lane, Blue Bell
Looking for a great house that is just the right size and has been immaculately maintained and improved? This is it! The two-story entrance foyer welcomes you to this absolutely beautiful home. Large living room with vaulted ceiling, fireplace and doors to the adjoining study. The spacious family room is the central hub with fireplace,…
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Real estate: M&T Realty Capital arranges $6.5M financing for Willow Grove property
M&T Realty Capital Corp.’s CKPP division has arranged a $6.5 million life insurance company loan for the refinance of a 49,888-square-foot retail property located in Willow Grove, Pa. At 46 percent LTV, the 17-year, 4.22 percent fixed-rate loan is fully amortizing, according to a press release. [uam_ad id=”54865″] The transaction was led by Managing Director…
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House of the Week: 822 Lafayette Road, Bryn Mawr
When you come view 822 Lafayette, you’ll cross off nearly everything on your wish list for your next new home! Perched on a hill and set on large, lush, fully fenced & irrigated grounds, plus a wonderful swimming pool, flagstone patio & amazing interior make this property a family’s dream. Don’t forget the premium location…
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Horsham-based Toll Brothers hits the fairway in Arizona development with 2,200 homes
It’s par for the course for Horsham-based Toll Brothers as the home builder sets its sights on Surprise, Arizona and a 2,200-home Prasada development. Toll Brothers paid roughly $62.5 million for 781 acres in the Arizona city located about 30 miles from Phoenix, according to Business Real Estate Weekly, for a massive mixed-used development that is bisected…
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