Real Estate
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This Delaware County ZIP Code Is in the Nation’s Top 50 Luxury Housing Markets
Affluent homebuyers are snatching up properties in Villanova, making it one of the top luxury housing markets in America, writes Ryan Mulligan for Philadelphia Business Journal. Villanova’s 19085 ZIP Code ranks 49th on a list of 258 ZIP Codes, according to third-quarter listing and sales data from Intercontinental Exchange. It was the only Philadelphia-area market…
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Yolanda Hadid’s New Hope Estate Back on Market After Offer Falls Through
Just days after Yolanda Hadid revealed that her New Hope farmhouse was under offer, the $11 million estate has returned to the market, writes Charlie Lankston for Realtor.com. The listing for the 32-acre property was updated on Oct. 8 to reflect an offer that had been made. The property remained active while the details of…
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Gorgeous Edgewater Park Mansion with George Washington Ties Listed for $1.75M
A gorgeous six-bedroom, seven-and-a-half-bathroom Edgewater Park, New Jersey mansion with a genuine George Washington tie recently hit the market for $1.75 million, writes Kevin Riordan for The Philadelphia Inquirer. The Delaware River home, known as Towerview, is perfectly nestled on a beautiful three-acre lot directly across the river from Croydon with rare trees, a swimming…
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First Bank House of the Week: Stately Colonial in Standing Tall Phoenixville
A stately colonial home set on five acres with four bedrooms and two full and three half bathrooms is available for sale in Phoenixville. . . This distinguished residence has a unique charm that perfectly combines its classic character with the many practical modern updates. Highlights include the formal living room with abundant light, a…
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Top-Selling Karen Strid Team Makes Move to Compass from Berkshire Hathaway
Karen Strid has moved her top-selling Main Line team from Berkshire Hathaway HomeServices Fox & Roach to Compass, writes Ryan Mulligan for the Philadelphia Business Journal. The official switch was in October. Based in Rosemont, the Karen Strid Team closed nearly $108 million in home sales last year, ranking third among midsize real estate teams…
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Mayor Parker Launches New Task Force to Revitalize, Renew Struggling Market East Corridor
Mayor Cherelle Parker and her administration have announced the formation of the Market East Advisory Group, tasked with renewing Market East, write Joe Brandt and Natasha Brown for CBS News Philadelphia. The new task force is a partnership between Comcast, the Philadelphia 76ers, the Fashion District’s owner Macerich, Brandywine Realty Trust, Thomas Jefferson University, Visit…
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Wayne-Based Berger Development Breaks Ground on $40 Million Trolley Square Apartments
Berger Development, based in Wayne and part of Berger Communities, recently broke ground on Trolley Square Apartments in Wilmington, writes Ryan Mulligan for the Philadelphia Business Journal. Located in Wilmington’s bustling entertainment and dining district, the 130-unit project will cost $40 million to complete. The company now has four ongoing projects, following the completion of…
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Ten Penn Center Sold in $30M Deal, Conversion Project to Follow
The sale of Ten Penn Center is now complete, closing a $30 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. PMC Property Group acquired the 27-story, Center City building from a partnership between two firms, Sterling Equities in New York and Greenville Partners based in West Chester. This sale close comes more than…
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First Bank House of the Week: Fabulous National Folk in West Chester
A fabulous national folk home on 3.27 acres with six bedrooms and five and a half bathrooms is available for sale in West Chester. . . This remarkable residence showcases a one-of-a-kind design shaped by a creative owner. Exceptional details include vaulted ceilings and expertly crafted mixed-wood floors. Highlights are the foyer with arched windows…
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Yolanda Hadid Bids Farewell to New Hope Farm in Emotional Tribute
Yolanda Hadid, seemingly having found a buyer for her New Hope farm and equestrian estate, has written a heartfelt tribute to the home she has cherished for years, writes Natalia Senanayake for the People. Last week, the model and designer shared a farewell to the property she had owned since 2017 on Instagram. The farm…
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Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson for the Philadelphia Business Journal. The investors who have acquired the iconic Spanish baroque buildings plan to make capital improvements to the property, hoping to enhance its tenant value. “We…
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Ohio Investment Firm Buys Quarry Center in Havertown for $80M
The Quarry Center at 116 Township Line Road in Havertown has been sold for more than $80 million to Ohio-based Mid-America Management, writes Paul Schwedelson for Philadelphia Business Journal. The price paid is one of the highest in the Philadelphia region in recent years for a grocery-anchored shopping center. The 31-acre, 222,500-square-foot shopping center, anchored…
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Abrams Realty’s Plan for Exton Square Redevelopment Rejected
Abrams Realty & Development plans to file a lawsuit following the West Whiteland Township Board of Supervisors’ rejection of its master plan to redevelop the Exton Square Mall, writes Noah Zucker for BISNOW. “For political reasons, it looks like these guys didn’t want to approve us,” said developer Peter Abrams. “My partners and I view this…
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First Bank House of the Week: Gorgeous French Provincial in Chester Springs
A gorgeous French provincial home on nine acres with five bedrooms and four full and two half bathrooms is available for sale in Chester Springs. . . This exquisite residence exudes elegance blended with modern comfort and functionality. Refined details include hand-laid stone floors, custom cherry cabinetry, mahogany inlays, and bespoke lighting, all showcasing exceptional…
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Buckingham Developer Looks to Breathe New Life into General Greene Inn
Buckingham real estate investor and builder Bob Welch is hoping to breathe new life into the historic General Greene Inn, writes Jeff Werner for the Patch. Welch has signed agreements to buy the building located at the intersection of Durham and Old York roads, in the heart of Buckingham Township. The deal was announced by…
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Affordable Senior Living Community, Named After Late Chairman of Firstrust Bank, Opens in Bucks County
State and local officials recently joined community supporters to celebrate the opening of Federation Housing’s newest senior living community, the Daniel B. Green House. The 60-unit community in Trevose will help address the Philadelphia region’s growing demand for affordable housing for older adults. Dedicated to providing housing for individuals who meet low-income housing requirements, the community will allow…
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Ohio Investment Firm Buys Quarry Center in Havertown for $80M
The Quarry Center at 116 Township Line Road in Havertown has been sold for more than $80 million to Ohio-based Mid-America Management, writes Paul Schwedelson for Philadelphia Business Journal. The price paid is one of the highest in the Philadelphia region in recent years for a grocery-anchored shopping center. The 31-acre, 222,500-square-foot shopping center, anchored…
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Doylestown Council Green Lights New 47-Room Boutique Hotel
During a recent meeting, the Doylestown Borough Council approved both preliminary and final land development plans for a 47-room boutique hotel at 57 West Court Street, writes Jeff Werner for the Patch. The hotel will be constructed at the site of the former Doylestown Borough Hall and police station. Along with the guest rooms, the…
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