Real Estate
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Malvern Bank House of the Week: One-of-a-Kind Traditional with Highly-Coveted Privacy in Spring City
A stunning traditional home with four bedrooms and five full and three half bathrooms is available for sale in Spring City. The residence set in the natural lands of French Creek offers highly-coveted privacy and unmatched views throughout. . . This one-of-a-kind home was designed and crafted by Allen Entrekin to integrate the owner with…
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Affordable Housing Development in West Chester Officially Opens Its Doors to New Residents
Affordable housing development at Pinckney Hill Commons in West Chester officially opened its doors to eager residents following Wednesday’s ribbon cutting held in front of politicians, well-wishers, and dignitaries, writes Bill Rettew for the Daily Local News. The apartments are available to middle income residents making them attractive for nurses, retail workers, and school workers,…
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Malvern Bank to Host Free First-Time Home Buyers Seminar
Malvern Bank will host a free “First-Time Home Buyers” seminar on Saturday, Sept. 24 beginning at 12:30 PM in the bank’s Downingtown/Lionville office, which is located at 537 West Uwchlan Ave. Registration is required and can be made at [email protected]. The seminar’s focus will be: The path to home ownership Expert insights for home buyers …
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Summer Residential Real Estate Trends: Do Price-Tags’ Drop Indicate a Market Bubble Pop?
Home sellers nationwide — and in the Phila. collar counties — started dropping asking prices in July, perhaps signaling the pop of a market bubble that has inflated wildly for more than a year. Dana Anderson, of Redfin, unlocked what might be notable changes in the market. Buyers have become increasingly hesitant to pay sky-high…
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Two Chester County Houses Among Most Expensive Home Sales in Philadelphia Area
While there has been a trend of falling home prices throughout the nation and in the region in the past few months, many houses in Chester County and the rest of Philadelphia’s suburbs are still managing to reach record prices, partly due to the continued demand coupled with low inventory. This is evident in the…
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Malvern Bank House of the Week: 1860s Charming Victorian with Captivating Vistas in Malvern
A charming Victorian home on two gorgeous acres with four bedrooms and two and a half bathrooms is available for sale in Malvern. . . The circa 1860s residence is rich with character, beauty, and modern amenities. It is perfectly positioned in the bucolic countryside across from Brightside Farm Park ensuring stunning vistas from every…
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Local Rental Market Remains Highly Competitive: Patience and Diligence Continue to Be Key
The Phila. suburban rental market is among the most competitive in the nation, despite the fact that prices have risen significantly due to the high demand. Ryan Mulligan unlocked the particulars in the Philadelphia Business Journal. To determine the most competitive markets, RentCafe looked at: How long rentals were vacant Percentage of occupied apartments Number…
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Malvern Bank House of the Week: Radnor Hunt Countryside Property with Stately Farmhouse
A beautiful, stately farmhouse with eight bedrooms and seven full and three half bathrooms is available for sale in Willistown Township. This majestic residence is nestled on Heartwood Farm, a magnificent 71-acre estate perfectly situated in the heart of Radnor Hunt. Additionally, it was the setting for numerous charitable events in the past. . .…
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Iconic Greystone Hall in West Chester Preserves a Long-Ago Lifestyle
In a fast-developing area, the iconic Greystone Hall in West Chester stands as a monument to a bygone era, writes Roger Morris for The Hunt magazine. Completed in 1907, the residence was commissioned by Philip M. Sharples, a West Chester manufacturer. It was designed as a 15th-century manor house with a modern inside. For a…
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Malvern Bank House of the Week: Attractive Traditional on 182 Fantastic Acres in Coatesville
A traditional home on more than 182 fantastic acres with three bedrooms and three and a half bathrooms is available for sale in Coatesville. . . In addition to the main residence, this property that was once part of the former King Ranch also has an attached bay garage with an apartment above, an eight-stall…
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PREIT to Sell Exton Square Mall to Developer
The Pennsylvania Real Estate Investment Trust (PREIT) is planning to sell Exton Square Mall as it tries to raise funds to pay down its debt and avoid being delisted from the NYSE, writes Natalie Kostelni for the Philadelphia Business Journal. During a brief investor call on Tuesday reviewing the results from last year and the…
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Malvern Bank House of the Week: Spectacular Mid-Century Modern On Over 11 Sylvan Acres in Spring City
A spectacular mid-century modern home with four bedrooms and two and a half bathrooms is available for sale in Spring City. This stunning 1966 stone and wood residence is nestled on more than eleven sylvan acres boasting breathtaking hillside views and walking trails, along with a heated swimming pool. . . Throughout the home, flagstone…
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Local Billionaire Developer Behind Push to Build New 76ers Arena in Center City
Penn Valley native and billionaire developer David Adelman is the man leading the push to build a new 76ers arena in Center City, writes Jordan Levy for Billy Penn. When the team went public with its plans to build a downtown arena, it also announced the existence of a new development corporation, 76 Devcorp, chaired…
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‘Like the Club at Home’: Couple’s Modern Touches Lend Playful Edge to Their New Bryn Mawr Abode
When Bob and Shannon Heilig decided last year to move with their sons from Center City to Bryn Mawr, they wanted a home that would offer a mix of old-world charm and modern elements, writes Erica Moody for the Philadelphia magazine. After they found the perfect traditional house, they hired interior design firm Widell +…
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Malvern Bank House of the Week: Charming Farmhouse with Historical Flair in West Chester
A charming farmhouse on 0.95 acres with six bedrooms and two and a half bathrooms is available for sale in West Chester. This handsome 1758 residence was originally built by early settler John Townsend and is noted as a home of historic value by Westtown Township. . . The stone farmhouse was expanded in 1989…
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Berwyn Colonial Farmhouse Mansion Offers Old-School Style with Modern Layout, Amenities
While it was built in 2004, this colonial mansion in Berwyn for sale offers an old-school style reminiscent of the late 1700s and early 1800s farmhouses combined with a modern layout and amenities, writes Sandy Smith for Philadelphia Magazine. The spacious six-bedroom, four-full, four-half-bathroom home sits on a 17-acre-plus lot. It opens to a two-story…
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Global Real Estate Company Acquires Wayne Property for $57 Million
Conshohocken real estate firm Maguire Hayden has sold 466 Devon Park Drive in Wayne to Hines, a global real estate company headquartered in Houston, for $57 million, writes Natalie Kostelni for the Philadelphia Business Journal. The 155,200-square-foot building was once owned by Merck. The pharmaceutical giant sold it to Maguire Hayden in 2016 for $7.9…
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Calif. Biotech Firm Wants King of Prussia for Its East-Coast Operations But Must Build to Fit Shifted Staff
Exelixis Inc., a Calif. biotech company, targeted King of Prussia to hold its East Coast operations. However, absent a building it found suitable, it is now eyeing a built-to-suit facility. Natalie Kostelni unrolled the blueprints on this proposed structure in the Philadelphia Business Journal. Exelixis is presently working with Brandywine Trust Realty to develop a…
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