Real Estate
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Philadelphia Real Estate Market on the Up and Up, According to 2021 Investing Forecast
Philadelphia real estate market is currently on the up and up, making it a market worthy of investors’ consideration, writes Aly J. Yale for The Motley Fool. The overall environment is decidedly business friendly. Philadelphia region is home to six million people. It has a strong economy with deep ties to the education, healthcare and food industries. Its numerous historical and cultural sites…
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This Location in Chester County Boasts the Highest Rent in the Philadelphia Region
Chester County had some of the highest rents in the Philadelphia area in March, according to a new report by RENTCafé. RENTCafé compiled the report using data on average rents at competitively-rented, large-scale, multifamily properties in the Philadelphia area gathered by Yardi Matrix via telephone survey. Only places with a statistically relevant stock of large-scale, multifamily…
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Michael Hankin Named President of Fast-Growing Hankin Apartments
Hankin Group – the Exton-based real estate development, construction, and management company – has named Michael Hankin President of Hankin Apartments. Hankin Apartments is the company’s residential division with a portfolio of more than 2,300 existing units and approximately 2,000 units in the pipeline for future development. Hankin will be stepping into his new role,…
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Malvern Bank House of the Week: Malvern Cabin with Impressive Interior, Massive Living Room
A cabin home with five bedrooms and three bathrooms is available for sale in Malvern. This post-and-beam-style home began as a small cabin in the 1950s and has been transformed into a true masterpiece over the years. The residence is nestled on 0.64 acres with a fenced-in yard that offers wonderful outdoor living spaces, such…
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‘Once-in-a-Generation Opportunity’ Brings Potential Vitality to Wayne’s Business District
Four buildings owned by the same family since 1897 in Wayne’s business district have been purchased for $4.5 million by a local partnership, writes Natalie Kostelni for the Philadelphia Business Journal. The purchasers were an entity affiliated with Cadence Real Estate Advisors and Chris Todd, operator of a popular restaurant, Christopher’s, in Wayne. The buildings cover…
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Malvern Bank House of the Week: Historic Farmhouse with European Flair in Malvern
A historic farmhouse with a European flair, five bedrooms, and three and a half bathrooms is available for sale in Malvern. “Le Petit Bois” is located on a cul-de-sac and has been meticulously expanded and updated over three centuries. The original home dates back to the 1730s, with the first addition built by a French…
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Chester County Exercises Lease-to-Own Option for West Chester Site of Government Ops; Here’s the Price Tag
Chester County has acquired the building in West Chester that houses a number of its government operations for $42.6 million, writes Natalie Kostelni for the Philadelphia Business Journal. The county was leasing the six-story building on West Market Street for the past decade and has now exercised the option to purchase it from an affiliate…
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Montco-Based Nappen & Associates Expands Its Portfolio with New 125,000-Square-Foot Warehouse
Montgomeryville-based industrial/flex real estate developer, Nappen & Associates is proud to announce the shell completion of its latest addition to its expanding portfolio. With construction beginning in the Summer of 2019, a 125,000 square foot warehouse is now completed at 2525 Milford Square Pike, Quakertown and awaits its first user for a final fit out.…
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First-Time Homeowners Strongly Prefer Philadelphia Suburbs to New Jersey’s
First-time homeowners who are relocating from the city have a tough choice to make between the Philadelphia suburbs of Pennsylvania and their New Jersey counterparts, according to a staff report from Houwzer. Still, a community poll run through Citydata.com has found that 77 percent prefer the Pennsylvania side for several reasons. Nature lovers can feel…
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Historic French Norman Home a Rare Find in West Chester
A large family home is a rare sight in the borough of West Chester, a fact that makes this historic French Norman house located just 10 minutes by foot from the center of town quite a find, writes Laurel Anderson for County Lines Magazine. With six bedrooms and five bathrooms, the 1920s home, located at…
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Check Out Where Homes Are Selling the Fastest in Chester County
With many buyers looking for a home in Chester County and not enough available inventory, sales are red hot, writes Cynthia Henry for The Philadelphia Inquirer. The typical home for sale in many ZIP Codes now stays on the market for a week or even less. Still, some areas are in more demand than others…
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Malvern Bank House of the Week: Sprawling, One-Story Residence on Two Secluded Acres in Devon
A sprawling, one-story residence with three bedrooms and three and a half bathrooms is available for sale in Devon. Nestled on 2.5 secluded acres, this home with a stacked stone facade offers unparalleled privacy. The main level features hardwood floors throughout, along with oversized windows that showcase picturesque vistas. Many highlights include the living room…
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International Paper Wraps Up Multimillion-Dollar Purchase of Warehouse in West Sadsbury
The International Paper Company has purchased a 415,700-square-foot warehouse in West Sadsbury Township for $11.6 million from VMM Eckman Management, an affiliate of Atglen-based J.D. Eckman, writes Natalie Kostelni for the Philadelphia Business Journal. Thomas J. Ryan, a spokesman for Memphis-based International Paper, said the company will disclose its plans for the building at a…
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Some Downingtown Residents Oppose the Development of Johnsontown Being Planned by One of Their Own
The long-planned Trestle View Village in the Johnsontown neighborhood of Downingtown is getting much closer to reality despite the vehement opposition of some nearby residents, writes Jen Samuel for the Daily Local News. The Borough Council will vote at its next public meeting on granting the developer a variance that would allow 66 homes instead…
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One-Acre Lot, 19,000-Square-Foot Building with ‘Great Visibility from Route 422’ Available in Audubon
A one-acre lot with a 19,729-square-foot building that offers retail, office, and/or flex space is available at 1217 South Trooper Road (Route 363) in Audubon. Listed by Zommick McMahon Commercial Real Estate, the property is located in a heavily trafficked area, right by the ramp to Route 422. The building boasts office space and a…
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Zommick McMahon Listing a Rare Opportunity to Own a Turnkey, Standalone Industrial Building in West Chester
A 15,300-square-foot industrial building on 1.86 acres in West Chester is on the market and listed by Zommick McMahon Commercial Real Estate. Currently owner occupied, the building at 820 East Washington Street in the borough was fully renovated less than two years ago. It features two 10-foot loading dock bays, two 15-foot drive-in bays, and…
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A Bark Park? Check Out These Cool Amenities at Downingtown’s New Luxury Apartment Complex
A new luxury apartment complex with 218 units has officially opened in Downingtown, with the first round of tenants already settling in, writes Fran Maye for the Daily Local News. Called Woodbine, the complex is located at 101 Woodbine Road and offers 29 different floor plans. The size and price range from studio apartments for…
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Malvern Bank House of the Week: Fieldstone Home in Chester Springs with Historic Charm Dating Back to 1769
A one-of-a-kind home with four bedrooms and three full and two half bathrooms is available for sale in Chester Springs. The stunning three-level residence sits on 6.7 acres that offer pristine landscaping and much-coveted privacy. This original fieldstone house was built in 1769. Over time, the home has been lovingly renovated and expanded, each time…
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