Real Estate
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Land in Malvern’s Atwater Development Selling for Double the Per-Acre Price
The newest addition to Atwater in Malvern just brought in more than double the price per acre compared to previous office projects in the Trammell Crow Co. mixed-use development, proving that the firm’s 2011 pivot from office space to residential was the right move. “The story is how much more valuable residential land is than…
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Philly Suburbs Continue to Rebound in Residential Real Estate Sales
Home sales in the Philadelphia suburbs continued to rebound during the first six months of this year, writes Brian McCullough for The Times Herald. A new report by Berkshire Hathaway HomeServices Fox & Roach Realtors found that the Greater Philadelphia, 12-county region showed an 8.2 percent increase in the number of properties sold compared to…
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Former Campus of Safeguard Scientifics in Wayne Acquired for $20.2 Million
The former campus of Safeguard Scientifics in Wayne has been acquired by an affiliate of Maguire Hayden Real Estate for $20.2 million, writes Natalie Kostelni for the Philadelphia Business Journal. The 150,000-square-foot, eight-building complex at 435 Devon Park Drive was 82 percent occupied at the time of the sale. The new owner has already brought…
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Coatesville Gateway Project: ‘When We Build It, Others Will Follow’
By Chris Cooper The special event on Tuesday, July 18 in Chester County’s only city has been a long time coming. The day marks the official groundbreaking for Coatesville Gateway, a roughly $22 million redevelopment project planned for the area around First Avenue and East Lincoln Highway, an intersection often referred to as the gateway…
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House of the Week: Uniquely Designed Retreat in West Chester
A uniquely designed home set in the idyllic countryside of Chester County is available for sale in West Chester. The property is on 23 acres of lush open space next to the ChesLen Preserve. It’s equipped with state-of-the-art amenities and includes a five-bedroom, four-bathroom home, a four-stall barn, riding ring, indoor pool, and a pond.…
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Six Townhouses Proposed Next to Easttown Township’s Devon Yard Property
During its last meeting, the Easttown Township Planning Commission discussed a proposal to build six townhouses next to the Devon Yard commercial development, writes Linda Stein for Main Line Suburban Life. Currently, the property at 133 Berkley Road houses a single-family house. If the proposal is approved, the zoning change would add the property to…
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House of the Week: Spectacular Mini-Estate in Valley Forge
A spectacular mini-estate with a luxurious five-bedroom home on the side of Valley Forge Mountain is available for sale. The approach to this stunning stone and wood home begins with a majestic gated entry. The home itself welcomes visitors with a captivating foyer featuring hardwood floors, original wood beams, and a stone fireplace. The main…
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Suburbs Turn to Small Office Growth
A surge in new proposals for small office buildings in the Philadelphia suburbs may be tipping off the market that there’s big business to be had in an underserved niche. The trend is popping up simultaneously in business-centric suburbs Wayne, Conshohocken, and Radnor, according to a Philadelphia Business Journal report by Natalie Kostelni. [uam_ad id=”58459″]…
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Three Chester County ZIP Codes Among Hottest Housing Markets in Philly Region
Chester County’s East Nottingham Township, Londonderry Township, and West Chester are among the Top 20 hottest housing markets in the Greater Philadelphia region, writes Kenneth Hilario for the Philadelphia Business Journal. The data was compiled by Zillow based on overall real estate activity in the 256 ZIP Codes in Greater Philadelphia. It showed that East…
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Brandywine Realty Unveils $5.6 Million Job Creation Initiative as Part of U-City Development
The Radnor-based Brandywine Realty Trust has announced a $5.6 million job creation and community engagement program as part of Phase I of its Schuylkill Yards development in University City. In developing this program, Brandywine worked collaboratively with neighborhood groups and stakeholders to create Philadelphia’s largest and most innovative neighborhood engagement initiative to date. Through a…
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House of the Week: Lavish, One-Story Home in East Vincent Township
A lavish, one-story home that was custom-built on a gorgeous, 2.5-acre lot is available for sale in East Vincent Township. The home’s 2,600 square feet of living space are centered around the main entertaining area, which includes a spacious updated kitchen. From there, French doors lead into the formal dining room and the living room.…
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Precision Realty Group Brokers Off-Market Sale of West Chester Industrial Park
Precision Realty Group – a full-service, commercial real estate firm based in Philadelphia – represented a group of private investors in the acquisition of more than 80,000 square feet of industrial warehouse. The property consists of 32 tenants and is located in the borough of West Chester. It is bounded by South Adams and South…
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House of the Week: Brick Beauty on 48 Acres in East Fallowfield Township
A beautiful brick and stone house designed by John Milner and brimming with Chester County charm is on the market in East Fallowfield Township. This three-bedroom, three-bathroom home, set on 48.5 acres, could be the ideal retreat for an avid horse rider or a secluded getaway for someone looking to escape the hustle and bustle…
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Where Are the Best Places to Buy a Home in Chester County?
Spring is here, and with the change in season, people often take some time to consider the benefits of moving into a new home, according to a staff report for the Philadelphia Business Journal. To help with this, Niche.com has a compiled a list of the best places to make your home in all of…
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Tweak to New West Chester Hotel Would Help Save Spence Building
A mere five feet in height could make all the difference in the effort to save downtown West Chester’s Spence Building and build an economy-boosting Marriott hotel. Five more feet is what Zukin Realty is asking the West Chester Borough Council for its simultaneous construction of a new 121-room hotel and the next-door renovation of…
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House of the Week: Idyllic Estate in Historic French Creek Valley
An idyllic estate set right in the heart of the historic French Creek Valley with a charming stone home and separate carriage house is up for sale in Pottstown. The estate’s 62 acres of rolling landscape is accentuated by its historic home built in the late 18th century. The main house has been completely renovated…
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Moody’s Analytics in West Chester Awarded Crystal Ball for Accuracy of Home-Price Forecasting
As the leading economic analysis provider, Moody’s Analytics in West Chester has been awarded its fourth Crystal Ball award for the accuracy of its home-price forecasting. The independent economics research and consulting firm Pulsenomics annually awards the Crystal Ball. It recognizes the most accurate forecasts from more than 100 economists, investment strategists, and housing market analysts…
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Chester County Home to One of America’s Most Overleveraged Communities
West Chester is becoming a victim of impulsive home-buying as people are tempted by historically low mortgage rates, according to the 2017 Home Overleverage Report published by WalletHub. Analysts at WalletHub have researched which cities – “cities” is obviously loosely defined since West Chester is not a city – have the most overleveraged mortgages by…
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