Real Estate
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David Simon, CEO of Simon Property Group, Owner of King of Prussia Mall, Dies at 64
David Simon, president and CEO of Simon Property Group, the owner of King of Prussia Mall, died at 64 on March 22 following a battle with cancer, according to a staff report from WUSA9. Simon was “the singular leader who built Simon Property Group into the largest and most admired retail real estate company in…
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Fishtown Post Office Property Goes On the Market, Redevelopment Opportunity Possible
A post office in Fishtown has been put up for sale with it likely being redeveloped after finding a buyer, writes Paul Schwedeslson for the Philadelphia Business Journal. For 61 years, the Fishtown property has been a part of the bustling Frankford Avenue commercial corridor. The 12,000-square-foot, 0.28-acre property is owned by the Ricciardi family,…
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Hankin Group Breaks Ground on Seventh Keva Flats Luxury Apartment Building
Hankin Group has begun construction on the seventh apartment building at Keva Flats, which will add 72 sustainable apartments to the 266-unit, 19-acre luxury apartment community in Exton. The community is managed by the award-winning Hankin Apartments and plans to welcome residents to the newest addition in the spring of 2027. The addition will be a five-story,…
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New Jersey-Based Developer Obtains $46M Loan for New Industrial Warehouse in Northeast Philadelphia
Greek Real Estate Partners, a New Jersey-based development firm, recently obtained a $46 million loan for a new industrial warehouse building in Northeast Philadelphia, writes Paul Schwedeslon for the Philadelphia Business Journal. The developer completed the 287,000-square-foot building earlier this year. Back in 2021, Greek Real Estate acquired the 21-acre property for $31.5 million. From…
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A Place Where Everyone Wants to Live: Towns with Most Expensive Homes in Chesco
Chester County, a place where everyone wants to live, has eleven towns with the most expensive homes in Pennsylvania, according to a recent ranking by Stacker. To make up the list, Stacker used data from Zillow. Towns are ranked based on the Zillow Home Values Index for all homes as of November 2025. Devon ranks second among…
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Mid-Atlantic Buying: Delaware County Still Has Affordable Homes
Delaware County is one of only five counties in the entire Mid-Atlantic where a typical homebuyer can still afford a typical home, writes Michaelle Bond for The Philadelphia Inquirer. The median asking price of homes in Delaware County in the last quarter of 2025 was $289,450, and the median household income was about $89,500. An…
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Bill Gates’ Nuclear Company TerraPower Chooses Philadelphia to Establish New Cancer Treatment Facility
TerraPower Isotopes, part of a nuclear power company founded by Bill Gates, will invest $450 million in a Bellwether District plant that will produce radioactive molecules for cancer research and treatments, writes Harold Brubaker for The Philadelphia Inquirer. As part of the Bellwether District development, HRP Group will build a 250,000-square-foot facility on the former…
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Chester County Judge Finalizes Decision for Deteriorating Historic West Goshen Property
Chester County Court Judge Anthony Verwey made his decision on Monday about the fate of a West Goshen property, informally known as Forsythe Farm, writes Brooke Shultz for The Philadelphia Inquirer. According to his order, Verwey deemed the property at 905 Westtown Rd. to be an “imminent threat of danger” and that “rehabilitation of the…
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First Bank House of the Week: 18th Century Charming Colonial in Chester Springs
A charming colonial home on five acres with three bedrooms and three full and two half bathrooms is available for sale in Chester Springs. . . This exceptional residence perfectly combines historic charm with timeless character. Distinctive details include hardwood and tile flooring, floor-to-ceiling windows, classic brick floors, and a striking built-in bookcase, all blending…
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Warrington’s Valley Gate Shopping Center Sells for $15.5M to CenterSquare Investment Management
The Valley Gate shopping center in Warrington has been sold to Conshohocken-based real estate firm CenterSquare Investment Management for $15.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The seller of the 32,200-square-foot shopping center at 201-281 Easton Road was Philadelphia-based Metro Development. At about $481 per square foot, the price is more than…
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2026 VISTA NextGen Superstars: Christina Walker
For Christina Walker, architecture is about more than buildings; it’s about shaping the experiences of the people who live, work, and gather within them. As Senior Director of Planning & Design at Hankin Group, Walker leads the architectural vision, master planning, and project execution for a wide range of residential and mixed-use developments. She works…
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‘As Good as It Gets’: Firstrust Bank Finances Development of Luxury Homes on Late Billionaire’s Radnor Estate
Nearly a decade after the passing of Campbell’s Soup heiress Dorrance Hill Hamilton, her estate in Radnor Township is about to enter a new phase, one shaped by a unique mix of personal connections, longstanding relationships, and a rare development opportunity on the Main Line. The estate, located a short walk from downtown Wayne, is…
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Episcopal Diocese Taps Michaels Organization to Redevelop 26 Church Properties in Philly Region
The Episcopal Diocese of Pennsylvania is working with private developer Michaels Organization to repurpose 26 church properties throughout the Philadelphia region, writes Ryan Mulligan for the Philadelphia Business Journal. Many of the properties that are intended for conversion sit in prime locations, including Center City. The Diocese plans to make them into residential along with…
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Redevelopment of Exton Mall Among Mixed-Use Projects Reshaping Philadelphia Suburbs
The redevelopment of the Exton Square Mall by Abrams Realty & Development is among the growing number of projects reshaping Philadelphia’s suburbs, writes Paul Schwedelson for the Philadelphia Business Journal. The 75-acre property was originally owned by PREIT, which sold a smaller section of it to Hanover, leading to the development of a 350-unit apartment…
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Two Little Guys, Creator of Joe Tea, Opens Bensalem Headquarters With Eyes Toward Growth
Two Little Guys, the company behind the food and beverage brand Joe Tea, is moving its headquarters from New Jersey to Bensalem, writes Emma Dooling for the Philadelphia Business Journal. The move to the 22,245-square-foot building in Bucks County, which will expand the company’s headquarters by roughly 71 percent, is expected to be completed in…
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Radnor Nixes Eminent Domain for Valley Forge Military College Land
Radnor Township has reached a deal with the Valley Forge Military Academy Foundation over 17 acres of land in Wayne and is ending its eminent domain plan, writes Ryan Mulligan for Philadelphia Business Journal. The land is currently used by Valley Forge Military College. The Radnor Township Board of Commissioners had started eminent domain…
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First Bank House of the Week: Lovely Traditional in West Chester
A lovely traditional home on 0.39 acres with five bedrooms and three and a half bathrooms is available for sale in West Chester. . . This stunning residence combines sophisticated design, luxury upgrades, and custom enhancements with effortless style. Refined details include cherry hardwood floors, custom millwork and crown molding, plantation shutters, tray and volume ceilings, built-in…
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With Leasing Momentum, Rubenstein Partners Nabs $127M Refinancing for Chesterbrook Campus
Rubenstein Partners has obtained $127 million in refinancing from Waterfall Asset Management for its 1.1 million-square-foot office campus in Chesterbrook, writes Paul Schwedelson for the Philadelphia Business Journal. The 14-building property off Duportail Road, near the Chesterbrook Road and Route 202 intersection, is currently 50 percent occupied, according to Rubenstein Vice President Brian Simel, but occupancy is expected to climb to 66 percent…
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