Real Estate
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With the Homebuying Market As it is, Newlyweds are Creating ‘Home Funds’ to Aid in the Process
With home prices and mortgage interest rates seeing increases in recent years, homebuyers are finding alternative ways to help purchase their homes, writes Michaelle Bond for The Philadelphia Inquirer. For newlyweds, one alternative has been to set up a “home fund” on their wedding website in addition to their honeymoon fund. That’s what newlyweds Melissa…
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Wall Street Journal: Former Owner Talks About Her Haunted House in Media
After The Wall Street Journal story “Selling a Haunted House?” was released, readers responded with haunted tales of their own, writes Kerry Barger for The Wall Street Journal. One story talked about a haunted house in Media. Linda Rooney wrote they had bought a house dating back to the 1700s that had an addition added…
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First Bank House of the Week: Stylishly Decorated Traditional House in Berwyn
A stylish traditional home on one attractive acre with five bedrooms and three and a half bathrooms is available for sale in Berwyn. . . This lovely residence offers an unprecedented blend of comfort, elegance, and modern living. It is filled with stunning details, such as the gleaming hardwood floors and designer finishes. The layout…
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Struggling Berwyn Retail Center Gets Second Life as Four-Story Apartment Building
A former struggling retail center in Berwyn owned by Echo Realty is now a brand new 250-unit apartment building, writes Paul Schwedelson for the Philadelphia Business Journal. The transformation is the result of a partnership between Bozzuto Group and Echo Realty. The property at 400 Swedesford Road sits between two other shopping centers. To rehabilitate…
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Wayne Real Estate Firm Raises $472 Million to Invest in Distressed Properties, Residential Rental Market
Wayne-based Argosy Real Estate Partners managed to create a $472 million fund in two years to invest in distressed properties and the residential rental market, writes Ryan Mulligan for the Philadelphia Business Journal. The real estate investment firm started fundraising in 2021 and officially closed on the fund last week. The original goal was to…
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First Bank House of the Week: Manor Home with Mountain Views in Malvern
A magnificent manor home on 4.9 acres with five bedrooms and seven full and two half bathrooms is available for sale in Malvern. . . Perfectly set at the end of a quiet cul-de-sac, the estate features breathtaking vistas of the natural landscape that surrounds it. The residence is filled with amazing details and lavish…
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120-year-old Abington Estate, a Treasure Trove of History, Now on the Market
Across from Penn State Abington campus, sits a 120-year-old estate originally owned by inventor Walter Herring and built in 1903, writes Ryan Mulligan for Philadelphia Business Journal. The 500-acre Abington property has had some illustrious visitors over the years including aviation pioneer Amelia Earhart while she was a student at the Ogontz School for Young…
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New York Developer Proposes Massive Warehouse Complex at Former Philadelphia Inquirer Printing Plant
DH Property Holdings, a New York developer, last week submitted plans to build a 746,240-square-foot warehouse complex at the site of the former Philadelphia Inquirer printing plant in Upper Merion, writes Paul Schwedelson for the Philadelphia Business Journal. The plans detail the building of two industrial buildings on the 46.3-acre site that the real estate…
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First Bank House of the Week: Tasteful Home from 1900 in Berwyn with Modern Comforts
A tasteful home from 1900 with four bedrooms and two and a half bathrooms is available for sale in Berwyn. . . This gorgeous residence offers a harmonious blend of historic allure and modern comforts perfectly nestled on 0.61 acres of lush and vibrant landscape. The spacious and inviting interior is highlighted by original hardwood…
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Chester County Enacts Tax Rebate for Volunteer Fire Company and EMS Agency Members
Chester County Commissioners Marian Moskowitz, Josh Maxwell, and Michelle Kichline approved an ordinance to enact a tax rebate for volunteer members of Chester County-based fire companies and not-for-profit emergency medical services agencies. The Active Volunteer Real Estate Tax Rebate Ordinance provides a financial incentive, in the form of a rebate, on Chester County real estate tax imposed…
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First Bank House of the Week: Redefining the Word ‘Luxury’ in West Chester
A stunning traditional home on 0.55 acres with five bedrooms and six bathrooms is available for sale in West Chester. This exquisite residence redefines luxury living with its captivating open-concept layout enhanced with exceptional upgrades. . . It impresses from the start with the exterior stone fireplace with seating area and a serene Koi pond. …
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Longwood Gardens Purchases Property Belonging to Boutique Winery Galer Estate
Longwood Gardens has repurchased the property previously home to the highly esteemed boutique winery, vineyard, and Airbnb getaway, Galer Estate, which spans 7.4 acres, writes Emma Dooling for the Philadelphia Business Journal. The Kennett Square property is adjacent to Longwood, which originally owned the property before selling it in 2002. The estate at…
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First Bank House of the Week: Farmhouse in Pottstown Offers Tranquility, Convenience
A charming farmhouse on two beautiful acres with four bedrooms and four full and two half bathrooms is available for sale in Pottstown. . . This hidden gem is a picturesque rural retreat that offers the perfect blend of tranquility and convenience. The residence boasts rich hardwood floors throughout, which only add to the charm…
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First Bank House of the Week: Luxury Traditional with Opulent Living Spaces in Glenmoore
A luxury traditional home on 2.7 lovely acres with four bedrooms and four and a half bathrooms is available for sale in Glenmoore. . . This exquisite residence is filled with stunning details, including lustrous hardwood floors, custom moldings and millwork, and designer lighting, among many others. The grand two-story foyer with its turned staircase…
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Malvern Hospitality Company to Acquire Sheraton Bucks County Langhorne
ANZ Hospitality, a Malvern hospitality company, has agreed to buy the 186-key Sheraton Bucks County Langhorne and plans to invest millions of dollars into its renovation, writes Emma Dooling for the Philadelphia Business Journal. The sale is expected to close at the end of this month or early November, according to ANZ Hospitality founder and…
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First Bank House of the Week: Elegant Farmhouse Nestled in Heart of Picturesque Chester Springs
A charming farmhouse on 14.3 amazing acres with seven bedrooms and four full and two half bathrooms is available for sale in Chester Springs. . . This idyllic property is nestled in the heart of a picturesque landscape. The beautiful residence, originally built in the late 1700s, offers the perfect combination of rustic elegance and…
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Doylestown Estate With Historic Mill Incorporated Into Main Home Hits Market for $3.995 Million
An 18th-century Doylestown estate situated on almost ten lovely acres on the site of a historic mill that has been incorporated into the main home has hit the market for $3.995 million, writes Ryan Mulligan for the Philadelphia Business Journal. Shelly Mill was originally built in the 1770s and has seen several renovations and additions…
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First Bank House of the Week: Retro Contemporary with Amazing Views in Phoenixville
A retro contemporary home on 19.5 acres with three bedrooms and two and a half bathrooms is available for sale in Phoenixville. . . This stunning residence is perfectly situated high on a hill and as such offers some of the best views in Chester County. The property is surrounded by hundreds of acres of…
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