Real Estate
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After Sonder’s Collapse, Witherspoon Building Returns to Long-Term Rentals
The 186-unit Witherspoon Building has transitioned from short-term rentals into a more traditional leasing model following the sudden collapse of Sonder Holdings, writes Emma Dooling for the Philadelphia Business Journal. SSH Real Estate, which owns the Center City building in partnership with Young Capital, is now repositioning the property as a traditional rental asset. According…
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First Bank House of the Week: Cozy Country Home in Spring City
A beautiful country home on 24.1 acres with five bedrooms and four and a half bathrooms is available for sale in Spring City. . . This charming residence blends classic country elegance with modern functionality. Sophisticated details include hardwood floors, wainscotting, and thoughtful architectural touches throughout, that create a warm and inviting atmosphere. Among the highlights are the bright living room…
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Florida Oceanfront Estate Owned by Late Coatesville Campbell Soup Heiress Hits Market for $85M
An oceanfront estate in South Florida owned by the late Mary Alice Dorrance Malone, a Campbell Soup heiress from Coatesville, has been listed for $85 million, writes Ryan Sharrow for the Philadelphia Business Journal. Situated on the barrier island of Manalapan between the Atlantic Ocean and the Intracoastal Waterway, the 1.5-acre property sits just 12…
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CCRES to Move Headquarters to Hankin Group’s Eagleview in Exton
CCRES, a nonprofit human resources organization, recently signed a full-floor lease for 15,001 square feet at Hankin Group’s 690 Stockton Drive. The new Eagleview headquarters will support CCRES’s continued growth as the organization expands vital services for children and adults with special needs across the region. CCRES is a nonprofit human resources organization that provides specialized staffing solutions to school…
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Philadelphia Metro is One of 10 Job Markets Setting the Stage for Strong Housing Demand in 2026
Of the numerous factors that impact the housing market, one is emerging as particularly important for 2026: employment. Employment strength is the driver behind buyer confidence, income growth, and, ultimately, housing demand. Conversely, slower hiring, layoffs, and rising unemployment have a direct correlation to weaker housing markets. With this logic, NewHomeSource parent company Zonda produced…
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Hatboro Wawa Sells for $7.4M in Major Local Real Estate Deal
A recently built Wawa in Hatboro has changed hands in a multimillion-dollar deal, writes Schwedelson for The Philadelphia Business Journal. Ivyland-based Altimari Properties purchased the Wawa at 412 S. York Road for $7.4 million. The convenience store was completed in 2023. It sits at the busy intersection of York and Horsham roads and includes fuel…
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First Bank House of the Week: New Construction in Berwyn with Nearby Lake
A beautiful colonial home on 1.2 acres with five bedrooms and five-full-and-two-half-bathrooms is available for sale in Berwyn. . . This refined new residence blends classic architectural influence with contemporary luxury, creating a sense of scale, balance, and thoughtful design throughout. Polished details include wide-plank hardwood flooring, tall ceilings and elevated finishes. Among the highlights are the formal dining room enhanced by elegant…
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Scarcity and Celebrity Influx Send Value of New Hope Riverfront Homes Skyrocketing
Prices for riverfront homes in New Hope have surged in recent years, driven by limited inventory and a growing influx of celebrities to the charming Bucks County town, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale of a Delaware River property for $9.5 million highlighted the durability of higher home prices in…
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Apartment Sales Surge in Montco with $48M Bala Cynwyd Deal
A prominent apartment community in Bala Cynwyd has changed hands, underscoring the continued strength of southern Montco’s multifamily market, writes Paul Schwedelson for The Philadelphia Business Journal. A 173-unit Bala Cynwyd apartment building has sold for $48.3 million, or roughly $279,000 per unit, to a joint venture of out-of-state investors. The five-year-old property at 9…
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Formerly Farmland, New Mixed-Use Community Planned for New Garden Township
Stonewall Capital, a Baltimore-area developer, is planning a massive mixed-use project on former farmland in New Garden Township, writes Melody Simmons for the Philadelphia Business Journal. Construction on the $300 million White Clay Point development is scheduled to begin next fall. The project will include 622 residential units, a grocery store, and a Wawa convenience store, as well…
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Toll Brothers Joint Venture Sells Apartment Building Outside of Boston for $131M
A joint venture between Fort Washington-based Toll Brothers and an affiliate of The Carlyle Group has sold an apartment building outside of Boston for $131 million, writes Grant Welker for the Philadelphia Business Journal. Pantzer Properties, a New York real estate investment firm, bought the 289-unit property located roughly 15 miles from downtown Boston. The…
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Swiss Investment Company Acquires Rittenhouse Square Building for $5.23M, Conversion Possible
MZP AG, a Switzerland-based investment company has purchased a Rittenhouse Square building in a $5.23 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. The six-story building at 1619 Walnut Street is mostly-vacant and saw a 70 percent decline in its sale compared to the $19.2 million New York-based Nuveen Real Estate paid in…
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Limerick Land Swap Would Bring State Game Land to Edgmont
A developer’s proposal to the Pennsylvania Game Commission could give Delaware County its first swatch of Pennsylvania Game Land, writes Frank Kummer for The Philadelphia Inquirer. Game Lands are managed areas for hunting, hiking, fishing, and wildlife conservation. Limerick Town Center LLC, a warehouse developer, has proposed trading 559 acres of land across three counties,…
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Investor Interest Grows as 310-Unit Montco Complex Goes for Sale
A sizable Montco apartment community in Eagleville is hitting the market, writes Paul Schwedelson for The Philadelphia Business Journal. Riverview Landing at Valley Forge, a 310-unit property, has been listed for sale as a value-add opportunity. The 21-year-old complex sits just north of the Schuylkill River and minutes from King of Prussia, placing it close…
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Proposal for 14 New Homes in Phoenixville Reigniting Core Borough Debates
A proposed development that would add 14 new homes to the north side of Phoenixville is currently under consideration by borough officials, writes Justin Heinze for Patch. The idea is reviving long-running debates over traffic impacts, residential density, housing affordability, and the changing character of a historic district. Under the proposal, 14 twin units would be constructed on…
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First Bank House of the Week: Elegant Manor Covering 23 Acres in Chester Springs
A gorgeous manor home set on 23 rolling acres with six bedrooms and six full and two half bathrooms is available for sale in Chester Springs. . . This elegant residence blends European-inspired design with artisan craftsmanship, which creates a refined and timeless atmosphere. Distinctive details include custom cabinetry, hammered copper accents, and expansive windows that bring in the natural light and beautiful scenic…
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Center City Office Building Heads to Open Market As Foreclosure Process Nears End
The 1700 Market Street office building in Center City is being placed on the market as its yearslong foreclosure process nears its end, writes Paul Schwedelson for the Philadelphia Business Journal. Cushman & Wakefield, the receiver for the Center City building, is responsible for marketing and selling the 32-story property that is currently owned by…
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Mount Vernon-Inspired Sellersville Estate Prepares to Hit the Market for $3.3M
A Mount Vernon-inspired estate in Sellersville, set on 35 acres and recently updated through a multimillion-dollar renovation, has been listed for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. Built in 1987, the 6,137-square-foot home is flanked by two stone barn-like structures, one with a full bar and loft with the other currently…
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