Real Estate
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Philadelphia Homebuyers Face More Competition Than Most Other Areas of the Country
Philadelphia area homebuyers, along with those across the Northeastern United States, face among the stiffest competition compared to other parts of the nation, writes Michaelle Bond for The Philadelphia Inquirer. This is according to a new Zillow analysis. The analysis, which looked at activity on its website in March, found that there are between five…
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4 Bucks County Towns on List of Most Expensive Pennsylvania Homes
Bucks County is home to four towns that rank among the most expensive places for homes in Pennsylvania, according to a new report by Stacker. To compile the list, Stacker used data from Zillow. Places are ranked based on the Zillow Home Values Index for all homes as of January 2025. New Hope is highest…
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Jersey Shore Mansion Built by Former Owner of Downingtown Motor Inn on Market for $13.9M
A 15-bedroom, 16-and-a-half-bathroom Jersey Shore mansion built by late Philadelphia banker and hotelier Daniel Tabas, former owner of Downingtown Motor Inn, has hit the market for $13.9 million, writes Ryan Mulligan for the Philadelphia Business Journal. The 10,500-square-foot home sits on a 125-foot by 125-foot lot and features abundant outdoor terrace space, an elevated pool,…
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Philly Pretzel Factory Founders Get In On Bensalem Warehouse for $4.3 Million
Philly Pretzel Factory co-founders, CEO Dan DiZio and Len Lehman, recently purchased a warehouse neighboring the company’s headquarters in Bucks County for $4.3 million, writes Emma Dooling for the Philadelphia Business Journal. The pair, along with investors from Pretzel 98 LLC, bought the warehouse at 1824 Byberry Road in Bensalem. The property features a 31,000-square-foot…
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5 Delaware County Communities Make Top 25 Best Places to Live
Five Delaware County communities made a top 25 list compiled by Stacker of the best places to live in the Philadelphia area. One of the communities placed in the top five. Schools in the five communities were A+ or A. Outdoor activities also received an A. From lowest to highest are: Radnor Township, population 33,260,…
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First Bank House of the Week: Majestic Traditional in Malvern
A majestic traditional home set on 14.81 acres with five bedrooms and four and a half bathrooms is available for sale in Malvern. . . Beagle Hill Farm, which dates back to 1821, is nestled along a private lane amid the rolling hills and valleys of Charlestown Township. The elegant residence blends historic charm with…
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High-End Apartment Tower Near Rittenhouse Square Acquired for $138M
CBRE Investments has sold a 34-story apartment tower near Rittenhouse Square for $138 million, marking one of the largest multifamily sales in Center City in recent years, writes Paul Schwedelson for the Philadelphia Business Journal. The sale price equates to $431,000 per unit. The buyers were New York-based Cantor Fitzgerald and Norfolk, Virginia-based Harbor Group…
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Parkview Tower in King of Prussia Heads to Sheriff’s Sale with Over $27M in Debt
Parkview Tower in King of Prussia, owned by West Conshohocken-based real estate firm Keystone, is scheduled to go to sheriff’s sale, writes Paul Schwedelson for the Philadelphia Business Journal. The Montgomery County Sheriff’s Office has listed the 10-story, 221,000-square-foot building on the online auction platform Bid4Assets, with the sale scheduled to take place on July…
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House Prices Have Skyrocketed in These Bucks County Towns
Over the past five years, five Bucks County towns have seen house prices soar, with some home values increasing by as much as 80 percent, writes JD Mullane in the Bucks County Courier Times. “Analyzing 15 years of data across thousands of neighborhoods shows not just where wealth concentrates, but how dramatically fortunes have shifted since the…
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Historic Schoolhouse Home Hits Market in Glenmoore
A converted 1867 schoolhouse with a large addition recently hit the market in Glenmoore, writes Paul Jablow for The Philadelphia Inquirer. The current owners, Collin and Dani Phelan, purchased the house and an adjacent 2.14-acre lot in 2023. The lot is also available for sale separately from the house. The three-bedroom, three-and-a-half bathroom home offers…
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First Bank House of the Week: Beautiful Traditional in Kennett Square
A beautiful traditional home set on 6.9 acres with six bedrooms and four and a half bathrooms is available for sale in Kennett Square. . . This lovely residence offers timeless charm combined with modern comforts. Elegant details include wide-plank hardwood floors, exposed beams, original mantels on five fireplaces, and radiant heat embedded in the…
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TF Cornerstone, Now Sole Owner of Historic Wanamaker Building, Reveals Conversion Plans
New York City real estate developer TF Cornerstone has officially solidified its full ownership of the historic Wanamaker Building in Center City, writes Noah Zucker for BisNow. After initially purchasing the building’s first three floors in 2019, the developer later acquired the fourth through 12th floors and 660 parking spaces in its underground garage last…
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Power Home Remodeling Expanding Chester Headquarters, 100s to be Hired
Power Home Remodeling has signed a 250,000 square-foot lease in Chester as it looks to expand its headquarters there, writes Ryan Mulligan for Philadelphia Business Journal. The expansion will also mean hiring 300 to 400 new workers. The 12-year lease adds 65,000 square feet to Power’s headquarters at the Wharf at Rivertown, the former Delaware…
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Collegeville Office Buildings Sell to Globus Medical with Staggering Price Cut
Two office buildings in Collegeville have sold to Audubon-based Globus Medical for $6.2 million, marking an 81 percent drop in value since their last sale in 2018, writes Paul Schwedelson for the Philadelphia Business Journal. The buildings, located at 200 and 400 Campus Drive and previously known as Highview I and Highview II, are currently…
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Historic Wayne Estate Tied to John F. Kennedy Campaign Lists for $5 Million
Fairhill, a stunning Wayne home believed to have hosted a campaign speech by former President John F. Kennedy, is now on the market for $5 million, writes Ryan Mulligan for the Philadelphia Business Journal. Completed in 1903, this five-bedroom, six-bathroom stone residence spans 6,155 square feet and was designed by renowned Philadelphia architect Wilson Eyre,…
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Work Begins on Toll Brothers’ Royersford Development Featuring 30 Homes Starting at $1 Million
Fort Washington-based Toll Brothers has begun site work on its Royersford development, which will feature 30 single-family homes that will start at $1 million, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder purchased the 23-acre site at 183 Kline Road for $5.1 million in November. It sits just south of The Court…
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Lower Makefield Approves 47-Home Development on Wright Farm
A 47-home development on the former Wright Farm has received the official go-ahead from Lower Makefield Township officials following more than 18 months of discussion and planning, writes Lacey Latch for the Bucks County Courier Times. DeLuca Homes, a local homebuilder, purchased the 49-acre parcel last year. Construction is projected to last between two and…
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Builder Toll Brothers Buys 22-Acre Site in Downingtown with Plans for Development
Toll Brothers has purchased a 22-acre site in Downingtown with plans to construct 89 townhouses on the property, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based homebuilder bought the parcels at 1130 and 1136 Horseshoe Pike from ELU Planebrook Guthriesville for $6.23 million. The property is located two miles from Route 30…
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