Real Estate
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What Does the Future Hold for 246-Acre Rock Hill Farm in Willistown Township After Its $25 Million Sale?
Rockhill Farm Acquisitions, an entity affiliated with developer J. Brian O’Neill, has acquired the 246-acre Rock Hill Farm in Willistown Township for $25.48 million. Natalie Kostelni plotted the particulars for the Philadelphia Business Journal. The property, located at 2320 South Valley Road and 185 Grubb Road, was sold by owner Ruth M. Colket. She and…
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Supermarket Smackdown: 12-Year Battle of Grocers in East Brandywine Reaches Uneasy Settlement
Last month, the East Brandywine Township board of supervisors approved a controversial agreement to settle a portion of litigation involving a longstanding dispute between grocers. Natalie Kostelni reported the peacemaking moves for the Philadelphia Business Journal. Since 2010, Carlino Commercial Development has been attempting to build a grocery-anchored shopping center on a 10-acre property in…
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Malvern Bank House of the Week: Colonial with Historic Charm in Exton
A colonial home on a 3.2-acre lot with five bedrooms and five bathrooms is available for sale in Exton. . . Litl’ Glenn Farm offers historic charm with solid stone walls, deep sills, and many other authentic details while also providing all the amenities of modern living. The circa-1830 home with a 2008 addition boasts…
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Struggling Pa. Homeowners Can Apply for Financial Help to Avoid Losing Their Homes
Starting Feb. 1, Pennsylvania homeowners who are struggling due to the pandemic can apply for federal assistance to keep them from losing their homes, writes Michaelle Bond for The Philadelphia Inquirer. Pennsylvania has received $350 million through the federal Homeowner Assistance Fund under the American Rescue Plan Act. The resource is heading to the Pennsylvania…
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Hankin Apartments Earns Multiple National Awards for Resident Satisfaction
Hankin Apartments, an Exton-based property management company and division of the Hankin Group, was recognized with multiple awards through the SatisFacts National epIQ (Experience & Performance Intelligence Quotient) Index for the second half of 2021. This benchmark tool developed and produced by SatisFacts measures overall resident satisfaction. Property management companies found out how they ranked through…
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New Apartment Complex in Paoli Trades for $71 Million: ‘We’re a Believer in Suburbs, Particularly in Philadelphia’
The Airdrie at Paoli Station, a newly constructed apartment complex, has been sold to Sentinel Real Estate, a New York real estate company, for $71 million. Natalie Kostelni unlocked the details for the Philadelphia Business Journal. The deal that closed at the end of last year adds to Sentinel’s existing multifamily holdings in the Philadelphia…
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Philly-Area Homeowners Quickly Building Wealth in Current Housing Market
While aspiring buyers are finding the current housing market challenging, homeowners are enjoying the increasing values of their homes, writes Michaelle Bond for The Philadelphia Inquirer. For the majority of families, owning property is currently the primary way to build wealth. In the Philadelphia metropolitan area, a homeowner has already gained over $110,000 in equity…
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Malvern Bank House of the Week: Stone Colonial in West Chester One of the County’s Finest Country Estates
A lovely stone colonial with five bedrooms and seven full and two half bathrooms is available for sale in West Chester. . . One of the finest country estates in Chester County, this 4.25-acre property features the main home, an inviting pool, and gorgeously landscaped gardens. Meanwhile, the old-growth hardwood trees, along with naturalized meadows,…
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Crebilly Farm Hits Market — Again — as Natural Lands’ Hunt for Preservation Funding Intensifies
Crebilly Farm in Westtown Township has been put on the market once again by the Robinson family, prompting Natural Lands to intensify its attempts to secure funding to preserve the 309-acre property and prevent development, writes Bill Rettew for the Daily Local News. The property has a price tag of $34 million. The farm and…
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Chester Springs-Based Architect, Interior Designer from Phoenixville Cook Up Fresh Look for Kitchen’s Remodeling
An extensive kitchen remodeling by John and Kelli Yeager has added a delightful industrial and modern edge to their historic Phoenixville farmhouse, writes Eileen Smith Dallabrida for The Hunt magazine. When the farmhouse was originally built in the mid-1800s, the kitchen was a utilitarian space where people spent very little time. When the couple moved…
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Expert’s Prediction for Sellers in Local Housing Market: Let the Good Times Roll in 2022
According to a Drexel University expert, 2022 will bring much of the same for Greater Philadelphia’s housing market, writes Kennedy Rose for the Philadelphia Business Journal. Kevin Gillen, a senior research fellow at Drexel’s Lindy Institute for Urban Innovation forecast, predicts another seller’s market year with low inventory and rising prices. Among his observations for…
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Malvern Bank House of the Week: Historic Farmhouse on Bucolic Working Farm in Spring City
A beautiful farmhouse with four bedrooms and three and a half bathrooms is available for sale in Spring City. West Winds Farm is a bucolic working farm consisting of 53 acres of gently sloping pastures. In addition to the main home, the property is also home to a tenant home, three barns, a one-acre pond,…
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Malvern Bank House of the Week: Federal-Style Home in West Grove Boasts Country Casual, Sophisticated Elegance
A Federal-style home with six bedrooms and three full and two half bathrooms is available for sale in West Grove. Set on 34 acres, Bittersweet Farm offers a perfect combination of country casual and sophisticated elegance. . . The residence impresses from the start with a two-story center hall that links the 18th-century section with…
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Exton-Based Nonprofit Receives Big Boost from Philanthropic-Minded Figures in Local Real Estate
A Path To Hope, an Exton-based nonprofit that empowers people to seek treatment for mental health, just received a big boost from some philanthropic-minded individuals in the local real estate industry. Kennett Square’s Rapid Mortgage Company recently held its Holiday Mega-Mixer at Victory Brewing in Downingtown, where A Path To Hope was the beneficiary of…
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Affordable Cities: Philly Ranks High Among U.S. Metros for Chic Without Sticker Shock
According to a new Realtor.com report, Philadelphia is one of the trendiest, yet most affordable, cities in the U.S. Michaelle Bond covered the dual advantages of living locally for The Philadelphia Inquirer. The City of Brotherly Love ranked third among the nation’s 300 largest metros for an active lifestyle without being a budget buster. The…
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Global Chemical Company Sets Up Shop in Delco
A specialty chemicals company, Nouryon, has decided to set up its North American headquarters in Radnor, writes Natalie Kostelni for the Philadelphia Business Journal. The company, owned by Carlyle Group, has signed a lease for 50,000 square feet over two floors at Five Radnor Center at 100 Matson Ford Road. Along with designating the site…
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Hankin Apartments Ranks Third Nationally by the ‘2022 Best Places to Work in Multifamily’ Program
Hankin Apartments, an Exton-based property management company and a division of the Hankin Group, ranks third among the 2022 Best Places to Work in Multifamily, an awards program produced by Multifamily Leadership that is dedicated to identifying and recognizing the industry’s best employers. The rigorous assessment process evaluated each company’s employee policies and procedures, as…
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What Does the Future Hold for Crebilly Farm? Property Owner Engages Nonprofit with Eye Toward Preservation
Natural Lands, the land conservation nonprofit, strongly intends to help preserve the historic 322 acres of Crebilly Farm in Westtown Township, writes Bill Rettew for the Daily Local News. The Robinson family, the property owner of Crebilly, recently reached out to Natural Lands for help, hoping that its land might be preserved. Discussions began after…
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