Real Estate
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Malvern Bank House of the Week: 11,000 Square Feet of Luxury in Kennett Square
An enchanting home with six bedrooms and seven and a half bathrooms is available for sale in Kennett Square. . . The residence offers the pinnacle of luxury and custom craftsmanship, all wrapped up in only the finest materials. . . This former model home for the community impresses from the start with its three-story…
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Malvern Bank House of the Week: Georgian-Style Fieldstone Manor Built in 1709 in West Chester
A Georgian-style fieldstone manor with five bedrooms and four and a half bathrooms is available for sale in West Chester. . . Originally built in 1709, this beautifully restored home is perfectly positioned on 8.4 stunning acres that offer striking views in all directions. The many highlights include a cozy living room with a fireplace,…
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Former Harleysville Insurance Headquarters Hits the Market
The 241,688-square-foot office building that used to house Harleysville Insurance has been put up for sale by Broadstone Net Lease, writes Natalie Kostelni for the Philadelphia Business Journal. The building is currently vacant but leased to Nationwide Mutual Insurance, which has now decided to permanently shift to remote work. Broadstone is also selling a Harrisburg…
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Mansion in Delco Tied to Abraham Lincoln, Famous Local Architect
Delaware County has taken steps to preserve the neoclassical Woodburne Mansion at Little Flower Manor Park in Darby Borough, writes Kathleen E. Carey for the Daily Times. The mansion sits on property once owned by Thomas A. Scott, Abraham Lincoln’s Assistant Secretary of War who later became president of the Pennsylvania Railroad. Scott’s son, Edgar,…
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CNBC: Exton Company Finds Success in the Climbing Sales of Upscale Treehouses
Tree Top Builders, an Exton-based company that specializes in the construction of custom treehouses, is reaping the benefits of a surge in the popularity of treehouses, writes Monica Buchanan Pitrelli for CNBC. The structures aren’t just for kids anymore Over the past decade, nature-loving homeowners transformed these structures — once cobbled together from scrap wood…
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Malvern Bank House of the Week: Historic Masterpiece with Modern Charm in Kennett Square
A traditional home with five bedrooms and five and a half bathrooms is available for sale in Kennett Square. . . This masterpiece set on 3.1 sprawling acres offers all the historic charm and a modern twist. It was originally built in 1858 and extensively renovated by the current owners. . . The home’s main…
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Ambitious Renovation Project to Transform ‘One of the Most Important Buildings’ in West Chester
Zukin Realty is preserving the Spence Building in West Chester, transforming it into 11 one- and two-bedroom apartments and a restaurant, writes Bill Rettew for the Daily Local News. The realtor is restoring the structure’s sandstone block exterior. Master craftsmen are bringing them to the fore by removing the faux brick-face stucco façade that hid…
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Malvern Bank House of the Week: Tudor Manor in Pocopson One of the Region’s Most Remarkable Estates
A Tudor manor home with six bedrooms and eight full and three half bathrooms is available for sale in Pocopson Township. . . The house is part of an estate set on seven gorgeous and meticulously landscaped acres that offer unparalleled privacy. . . The residence boasts hand-crafted luxury throughout. It impresses from the get-go…
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Spring City Home to Be Featured on New HGTV Show
A Spring City home owned by Paul and Veronica Semon will be featured on an episode of the new, highly anticipated HGTV show Cheap Old Houses. The show debuts tonight, writes Fran Maye for the Daily Local News. The 1896 Chester County home purchased by the couple for $150,000 will be spotlighted in a Cheap…
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Real Estate Group Drops $30 Million to Purchase Pair of Chester County Buildings
Exeter Property Group has had a busy few weeks with real estate transactions in Chester County, writes Natalie Kostelni for the Philadelphia Business Journal. The real estate investment management firm, one of the largest in the world, purchased a building on 13.4 acres at 931 Matlack Street in West Chester for $20.2 million. Anro Inc.…
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As Home-Flipping Sales and Profit Margins Decline Nationwide, Philadelphia Bucks the Trend
While home-flipping sales and profit margins decline across the nation, the Philadelphia market is bucking those trends. The area recorded growth in several categories, according to a report from ATTOM Data Solutions. The 2020 U.S. Home Flipping Report by ATTOM Data Solutions shows 241,630 single-family homes and condos flipped in the U.S. last year. That…
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Malvern Bank House of the Week: Custom-Built Cape Cod a True Haven in Elverson
A custom-built Cape Cod with four bedrooms and three and a half bathrooms is available for sale in Elverson. . . This one-of-a-kind residence is a true haven with guaranteed privacy and gorgeous vistas. The home boasts an extra-large wraparound porch ideal for relaxing while enjoying the perfectly landscaped grounds and surrounding nature. . .…
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Chester County Lags Among Best Markets for Purchase of Single-Family Rental Properties
Chester County ranked in the bottom half of the best markets for buying single-family rental properties in 2021. ATTOM Data Solutions analyzed the trends for a new report. The 1Q 2021 Single-Family Rental Market report ranked 495 counties with a population of at least 100,000. It plotted rental data from the U.S. Department of Housing…
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Malvern-Based Builder of Luxury Homes Works to Finalize Succession Plan, Be Under New Ownership by End of 2022
Malvern-based Pohlig Builders is finalizing the succession plan it started six years ago to be under new ownership by the end of next year. Natalie Kostelni covered its long-term vision for the Philadelphia Business Journal. The new owners of the builder — known for high-end custom homes in the $5-$10 million price range — will…
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Malvern Bank House of the Week: One-of-a-Kind Gem on 129 Breathtaking Acres in Willistown Township
Situated on 129 breathtaking acres, this stone manor with eight bedrooms and eight and a half bathrooms in Newtown Square (Willistown Township) was built to impress. . . The property, known as Sweetwater Farm, embodies Chester County’s rich past and offers gorgeous vistas, rolling pastures, specimen trees and plantings, and a scenic pond. In addition…
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Malvern Bank House of the Week: Completely Renovated, Mid-Century Home in Phoenixville
A completely renovated, mid-century home with four bedrooms and four and a half bathrooms is available for sale in Phoenixville. . . Its open concept features several sliding doors on both levels that lead to the composite and stone decks that overlook the fully fenced, 2.2-acre property. . . Highlights inside include the primary bedroom…
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Center City’s CRE Vacancy Rates May Be Lower Than Chester County’s, but Perhaps Not for Long
While Philadelphia’s office market still has a lower vacancy rate than most of Chester County, this could be quickly changing, writes Harold Brubaker for The Philadelphia Inquirer. A possible glimpse into the future was provided recently by Radian Group, which decided to move its corporate headquarters from Center City into a significantly smaller space in…
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Delco Council Receives Standing Ovation for Approving Eminent Domain Actions in Marple Land Acquisition
Delaware County Council unanimously approved eminent domain actions July 7 to acquire the 213 acres of the Don Guanella property in Marple for a county park, writes Kathleen Carey for the Daily Times. The move to acquire the 124 acres belonging to the Archdiocese of Philadelphia and 89 acres owned by Marple Glen Development LLC…
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