Real Estate
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Delaware County Landmark to Get Facelift
The Tower Theater’s radio tower sign, a landmark for 69th Street in Upper Darby, is unsafe and being removed, write Joseph Gambardello and Dan DeLuca for The Philadelphia Inquirer. Live Nation, the theater’s owner, said inspections by company engineers determined the signage atop the 92-year-old building had deteriorated, according to Upper Darby Mayor Tom Micozzie.…
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Malvern-Based Balfour Beatty Communities Expands Its Presence in Florida
Balfour Beatty Communities, a real estate services company based in Malvern, has expanded its presence in Florida with the acquisition of a 300-unit apartment community in Jacksonville, writes Natalie Kostelni for the Philadelphia Business Journal. Terms of the deal were not disclosed. The acquisition of Landings at Lake Gray was made in partnership with ApexOne…
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CubeSmart’s ‘People-First Culture’ Leads to Innovative, Engaged Workforce
Malvern-based CubeSmart, a real estate investment trust and provider of self-storage facilities, has been recognized as one of the 50 Most Engaged Workplaces in North America. This annual award from Achievers, a company that delivers proven tools for organizations of all sizes to align on values and strategic goals, recognizes top employers that display leadership…
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As He Builds His New Home in West Chester, Former Eagles Tight End Finds New Career
When former Eagles tight end Brent Celek was released from the franchise last year, another profession opened up for him as part owner of a Media-based real estate company, writes Jenny DeHuff for Philadelphia Weekly. “I was just thinking about potentially playing football, but if I was going to play, I would have to play…
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DNB First House of the Week: Scenic Views in Every Direction in Kennett Township
A charming home built in 2007 on a five-acre lot with four bedrooms and four and a half bathrooms is available for sale in Kennett Square. This LEED-certified home is surrounded by scenic views. It boasts an open floor plan that ensures the interior is always bathed in natural light. The residence is entered through…
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A Record Year? Multi-Family Apartment Sales in Western Suburbs Looking Good
Sales of multi-family apartment properties in Philadelphia’s western suburbs have been strong this year, which could potentially be one for the record books, writes Natalie Kostelni for the Philadelphia Business Journal. Multi-family apartment properties have sold in Conshohocken, West Norriton, Phoenixville, Exton, and King of Prussia. “We have already sold as much this year as…
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West Chester’s Pillar Real Estate Advisors Wins Four of CII Council’s Nine Most Significant Deal Awards
Pillar Real Estate Advisors, a full-service commercial real estate brokerage based in West Chester, recently received four of the Chester County Commercial Industrial Investment Council’s nine Most Significant Deal Awards. The CII Council is a membership organization comprised of more than 200 professionals who are involved in commercial and industrial real estate in Chester County.…
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West Chester Agway to Relocate from Matlack Street, Make Room for High-End Apartments
West Chester Agway will move from its current location on Sept. 30 to a new space to make way for luxury apartments, writes Bill Rettew for the Daily Local News. Starting Oct. 1, the store will be located in the Commons of Thornbury, at the intersection of routes 926 and 202. Everything that West Chester…
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Three-Year-Old Apartment Complex in Phoenixville Fetches $77.8 Million
Riverworks – a recently developed, 349-unit apartment complex in Phoenixville – has been sold to Pantzer Properties for $77.8 million, writes Natalie Kostelni for the Philadelphia Business Journal. One of the biggest apartment projects to be built in Phoenixville in recent years, it was developed by Toll Brothers for around $66.5 million. It adds to…
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DNB First House of the Week: Rustic Elegance in Chester Springs
A unique, custom-built home with four bedrooms and four and a half bathrooms is available for sale in Chester Springs. Set on 5.65 gorgeous acres, this property offers breathtaking views of the Chester County hillside. Highlights include the three-story family room with floor-to-ceiling stone fireplace and a custom kitchen that perfectly combines modern amenities with…
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Family of Four in Exton Finds New Home in Victorian a Half-Mile Away
A family of four in Exton was happy to find its new home in a three-story Victorian with a modern addition just a half-mile down the road from its previous one, writes Laura Hoover for The Philadelphia Inquirer. Bill and Nicole Miller were not looking for a new home, but a majestic, 1875 house with…
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Wayne’s Liberty Property Trust Defends Its Strategy After Call to Sell Remaining Properties
Wayne-based Liberty Property Trust defended its warehouse strategy after a call by an investor for the company to sell its remaining properties, writes Joseph DiStefano for The Philadelphia Inquirer. Jonathan Litt, founder of Liberty shareholder Land & Buildings Investment Management, has urged the company’s chairman Bill Hankowsky and other members of the board to perform…
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DNB First House of the Week: Secluded Paradise in Willistown Township
A custom-designed home with six bedrooms and seven full and two half bathrooms is available for sale in Malvern. Set on a spectacular four acres in the heart of Radnor Hunt country, the estate is truly a secluded paradise with sprawling grounds, beautiful gardens, and a koi pond with waterfall. This stone home boasts the…
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Apartment Complex in Exton Sells for $82 Million
BET Investments has sold Marchwood, an apartment complex in Exton, for $82 million to King of Prussia-based Morgan Properties, writes Natalie Kostelni for the Philadelphia Business Journal. The 504-unit, garden-style apartment community was developed in 1973. It has 40 two-story buildings on 44 acres and was 95 percent occupied at the time of the sale.…
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DNB First House of the Week: Turn-of-the-Century Colonial in Devon
A turn-of-the-century colonial built around 1900 with five bedrooms and five full and three half bathrooms is available for sale in Devon. Nestled on 3.5 pristine acres, this masterpiece seamlessly blends old-world charm with modern-day amenities. An inviting foyer with fireplace and sweeping staircase is flanked by separate formal rooms. The living area is ideal…
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FROM MONTCO: Developer Turns His Former School into Condos in Collegeville
Jerry Gorski have given new meaning to the phrase “old school.” The developer has turned his former Collegeville school into condominiums and is betting the idea will sell. The building, established in 1939, served the community for 80 years before the 72,000-square-foot school at 29 E. Fire Avenue was closed by Perkiomen Valley School District…
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DNB First House of the Week: Stately Colonial in the Heart of Schuylkill Township
A stately colonial set on 3.2 acres with five bedrooms and four and a half bathrooms is available for sale in Phoenixville. This elegant residence features accents of Chester County stone on its façade and an open floor plan with high ceilings and rich detailed millwork. Among the highlights are a spacious family room with…
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New Garden Officials to Let Public Decide Best Use for St. Anthony In The Hills Property
New Garden Township officials will hold a series of public meetings to decide on the best use for the St. Anthony In The Hills property it acquired last year for $1.5 million, according to a report from the Daily Local News. The 137.5-acre property just north of Somerset Lake near the Delaware border has been…
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