Real Estate
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CSL Behring to take over 500 N. Gulph Road in King of Prussia
Brandywine Realty Trust has leased 500 N. Gulph Road in King of Prussia to CSL Behring. The biopharmaceutical company leased the 100,820-square-foot building because it needed room for expansion. CSL Behring is an existing tenant of Brandywine and occupies 257,000 square feet of space at 1020 First Ave., which is about a mile away from…
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Bergey’s Auto Dealership to purchase portion of old Souderton high school property
The sale of the Hilltown part of the former Souderton Area High School property appears to be rolling along. An agreement of sale for Bergey’s Realty Co., which is affiliated with Bergey’s Auto Dealerships, to buy the 23-acre tract on County Line Road for $3.2 million was signed in February. Due diligence investigation of the…
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Apartment, retail development planned for Willow Grove
Station at Willow Grove, a planned development with 275 apartment units and 30,000 square feet of commercial and retail space, took a step closer to reality recently with the sale of five properties totaling 6 acres. CBRE announced Tuesday it has successfully arranged for the sale of the properties to J.G. Petrucci Company Inc. for an…
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House of the Week: 1131 Green Valley Road, Bryn Mawr
This breathtaking, gated, Gladwyne Estate with courtyard offers stunningly beautiful grounds and complete privacy, while being in close proximity to the charming towns of The Main Line, Center City Philadelphia, Acela Trains, Philadelphia International Airport and more, according to realtor.com [uam_ad id=”54865″] It was completely gutted, meticulously renovated and expanded by the current owner, featuring…
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Westrum Development Co. hopes to build apartment complex in Bala Cynwyd
Westrum Development Co. has proposed plans for the development of an apartment complex on the site of 9 Presidential Blvd., which is a vacant office building in Bala Cynwyd. The plans filed with Lower Merion have the developer razing the existing structure to make way for a four-story building that would have 173 apartments and…
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House of the Week: 105 Brittany Way, Blue Bell
Some homes have it all! Located on one of the premier lots in sought-after Estates at Normandy is this Stone & Stucco stunning Colonial. Offering 4 Bedrooms, 5 Full and 2 Half Baths with 6300 sq. ft. of living space including the full, finished basement is this beautifully sited home on 1.16 acres in a…
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Makeover inspires new name for King of Prussia business park – Moore Park KOP
After 60 years, the King of Prussia business park has been rechristened with a name that evokes vitality, while maintaining a bit of mystery concerning its diverse inhabitants and the billion-dollar investment behind it. Moore Park KOP now signifies the identity of the decidedly multi-use location anchored by First Avenue, which has evolved into a…
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House of the Week: 1530 Monk Road, Gladwyne
Westbourne Woods – A unique, custom build, combining everything on the must have list of the most discerning buyer: premier address; sold exterior construction, interior finishes evidencing the finest of craftsmanship; generous square footage; unique spaces for both living and playing and acres of expertly manicured lawn. This is the home which all the superlatives…
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Apartment construction on the rise in Philly suburbs
The Philadelphia suburbs are trying to catch up to the city in development of multifamily housing units. The trend that comes at a time when apartment development is on the wane in urban areas amid worries of oversupply, although suburban developers believe the market can absorb the new stock, writes Natalie Kostelni at bizjournals.com. [uam_ad…
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Toll Bros. needs one more approval for Jewelers Row condominium project
Montco’s largest home builder is battling to build a condominium building in Philly, and a contentious exchange with the city’s design review board doesn’t seem to be slowing the process. A ruling from a common pleas court judge seems to be the final hurdle. Efforts by the city’s design review board to goad Toll Bros.…
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Living near rail stations a boon for suburban homeowners
SEPTA has cited the increased value of suburban homes by rail stations as one of the reasons why mass transit is essential to the well-being of the region and the state, writes Sam Wood for the Philadelphia Inquirer. The study found that rail service added $14.5 billion to residential property values in Chester, Delaware, Montgomery,…
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Philadelphia suburban real estate market plagued by low inventory
The number of houses on the suburban Philadelphia suburban market is low. It’s an issue that has been ongoing for the last couple of years but seems to be heightening as some prospective homeowners have decided to buy before interest rates go up further, writes Natalie Kostelni at bizjournals.com. [uam_ad id=”54865″] The spring residential selling…
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Historic Haverford home is the House of the Week
After demolition to make way for new homes, the carriage house of the estate home of Pennsylvania railroad magnate Alexander Cassatt was the only thing spared. Now the private residence proudly reflects the estate’s rich history, and the Cheswold Estate’s original carriage house has been transformed into a botanical masterpiece, with emphasis on the outdoors.…
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Local couple featured on HGTV’s popular “House Hunters”
HGTV Channel’s popular real estate show “House Hunters” hit close to home when a local couple was featured during their home search.The story of how Liz and Jared Trout found their dream home aired Friday. “It was a really cool experience to document the house hunting,” Trout said. Part of the fun was having family…
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Seven Tower Bridge files for bankruptcy; group forms to develop the property
Seven Tower Bridge Associates, a limited partnership that was formed to develop a new office tower in Conshohocken called Seven Tower Bridge, has voluntarily filed for Chapter 11 bankruptcy protection. bankruptcy protection. The filing in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania stems from a lawsuit filed April 2017 in which R&J…
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Tech Talk: Former Uber CEO to invest $150M to rehab real estate
Former Uber CEO Travis Kalanick has announced his new 10100 investment fund has earmarked $150M to take control of a startup focused on redeveloping distressed real estate assets. City Storage Systems is composed of two business units, CloudKitchens and CloudRetail, and focuses on repurposing assets like vacant parking lots and abandoned industrial spaces to modernize them for food…
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House of the Week: 733 N. Spring Mill Road, Villanova
Architectural elegance is revitalized with all the modern-day amenities one could want built into this stunning gated home at 733 N Spring Mill Rd., Villanova. Proceed down a long drive as you enjoy the natural beauty that surrounds this grand yet contemporary residence set on 4.5 private acres. A front motor court and 8-car garage courtyard…
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Equus Investment Partnership gobbles up 7 properties in suburbs
Equus Capital Partners, Ltd., one of the nation’s leading private equity real estate fund managers, announced Thursday that an affiliate completed the acquisition of a 7-property, 592,942 SF office portfolio located throughout the desirable Western Suburban submarkets of Philadelphia for $92,000,000. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”),…
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