Real Estate
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Center City’s Largest Apartment Tower Goes Up for Sale Again After 4 Years
Center City’s largest apartment tower, on 1500 Locust Street, is back on the market four years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 605-unit, 45-story building was acquired by New York real estate firm Fairstead and Minneapolis investment company Castlelake for $233 million back in December 2021. It…
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Over 200 Apartments, Retail Space Coming to Malvern After Office Building Demolition
Downingtown-based TriPoint Properties is planning to demolish a Malvern office building to make way for 250 apartments and retail space, writes Ryan Mulligan for the Philadelphia Business Journal. Purchased in 2020, TriPoint and East Whiteland Township reviewed many ideas for the property at 52 Swedesford Road, ultimately settling on a mixed-use, campus-like project that will…
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New Garden’s $300 Million Mixed-Use Project Could Ease Chester County Housing Crunch
Baltimore-based Stonewall Capital recently acquired a 187-acre property in New Garden Township with plans for a $300 million mixed-use development, writes Ryan Mulligan for the Philadelphia Business Journal. Local officials said the project, with 622 residential units, offers a chance to provide much-needed housing in the area. The White Clay Point project will also feature 115,000 square feet of commercial space, a…
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Dock Mennonite Makes $1.5M Land Play in Montgomery County
A longtime Montco private school is expanding its footprint with a notable land purchase in Hatfield, writes Ryan Mulligan for The Philadelphia Business Journal. Dock Mennonite Academy has acquired a neighboring 4.5-acre farm property at 1850 Tomlinson Road in Hatfield for $1.53 million, giving the school additional room to grow while preserving open space next…
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Temple University Pays $8 Million for Former McDonald’s Site Adjacent to Its Sports Complex
Temple University has purchased the former McDonald’s site at Broad Street and Girard Avenue, next to Temple University Sports Complex, for $8 million, writes Ryan Mulligan for the Philadelphia Business Journal. The fast food restaurant that once occupied the lot was demolished in 2023. This acquisition continues a series of deals the university has pursued…
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Greater Philadelphia Will Be Among Hottest Housing Markets for 2026, Zillow Predicts
Greater Philadelphia ranks in the top ten hottest housing markets for 2026, according to Zillow’s recently released annual forecast, writes Ryan Mulligan for the Philadelphia Business Journal. The analysis evaluates the nation’s 50 most populous metro areas using an index based on projected home value appreciation, time homes spent on the market last year, the…
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Yolanda Hadid Withdraws Her “Sanctuary” Farm in New Hope from Market
Three months after listing her “sanctuary” for sale, Yolanda Hadid decided to withdraw the $10.88 million New Hope farm from the market, writes Kelsi Karruli for Realtor.com. In September, the former Real Housewives of Beverly Hills star said that she was prepared to move on from her New Hope home, where she had lived for…
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First Bank House of the Week: Woodsy Traditional Home in West Chester
An attractive traditional home set on 4.64 acres with seven bedrooms and four full and two half bathrooms is available for sale in West Chester. . . This stately residence combines historic character with refined modern living, offers a thoughtful balance of warmth and sophistication. Distinctive details include deep marble windowsills, exposed stone walls, rustic beams, and carefully preserved…
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125-Room Great Valley Hotel Sells for $10.4 Million to BNS Associates
Moody National REIT II, a Houston real estate investment trust, has sold the 125-key Hampton Inn Philadelphia Great Valley Malvern in Frazer to BNS Associates for $10.4 million, writes Emma Dooling for the Philadelphia Business Journal. The deal, which closed on Dec. 11, 2025, comes out at $83,200 per key, below the average price per room of $100,971 for hotel sales in…
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Bridges at Warwick Sells to REIT Specializing in Senior Housing for $50.2M
The Bridges at Warwick has been sold to National Health Investors, a real estate investment trust specializing in senior housing, for $50.2 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 107-unit assisted living and memory care community, located at 1600 Almshouse Road in Jamison, was previously owned by an affiliate of Orlando, Florida-based…
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Toll Brothers Sells Second Atlanta Apartment as Multifamily Exit Continues
Toll Brothers has sold another Atlanta-area apartment community, continuing its exit from the sector, writes Tyler Wilkins for The Philadelphia Business Journal. An affiliate of PGIM Real Estate acquired the 290-unit Notion Decatur property for $76 million in mid-December, according to county records. The apartment complex sits just outside downtown Decatur near MARTA’s Avondale station.…
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The Shops at Liberty Place, Center City Retail Space, Go Up for Sale
The Shops at Liberty Place, a retail space within the Liberty Place mixed-use complex in Center City, is now up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Chicago-based Metropolis Investment Holdings owns the two-level shopping center at 1625 Chestnut Street, as well as the attached One Liberty Place, a 61-story, 1.1 million…
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First Bank House of the Week: Gorgeous Traditional in Elverson
A gorgeous traditional home on 0.56 acres with three bedrooms and two full and two half bathrooms is available for sale in Elverson. . . This refined residence blends historic character with thoughtful modern craftsmanship, composed layout and a warm, welcoming atmosphere throughout. Designed to echo the look of an antique home, it showcases meticulous construction and has…
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Toll Brothers is Doubling Down on 2025 Success
Fort Washington’s Toll Brothers continued an aggressive expansion in 2025 in a housing market still defined by limited supply, writes Ryan Mulligan for The Philadelphia Business Journal. Toll Brothers posted record home sales revenue of $10.8 billion in fiscal 2025 and invested heavily in land acquisitions throughout the Philadelphia suburbs. In Montgomery County, the company…
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Germantown to Get New 46-Unit Apartment Building
Longtime Northwest Philadelphia developer Ken Weinstein is planning a new 46-unit apartment building on Germantown Avenue, writes Jake Blumgart for The Philadelphia Inquirer. Located in Germantown’s Penn Knox area, the five-story building will include more than 1,600 square feet of commercial space and 17 parking spaces. The project reflects a new wave of multifamily development…
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Focus Healthcare Partners Affiliate Acquires Senior Living Community in West Chester
A Chicago-based Focus Healthcare Partners affiliate has acquired Bellingham at West Chester, a 274-unit senior living community, for $27.05 million, writes Ryan Mulligan for the Philadelphia Business Journal. Set on nearly 12 acres just south of Paoli Pike and west of Applebrook Golf Club, the property was sold by an affiliate of Longview Senior Housing, based in Tampa, Florida. The community offers independent living, assisted…
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Phoenixville Shopping Center Shadow-Anchored by Acme Supermarket Sells for $7.4 Million
A 33,000-square-foot shopping center near downtown Phoenixville that is fully occupied and shadow-anchored by Acme, sold in November for nearly $7.4 million, writes Erin McCarthy for The Philadelphia Inquirer. The complex changed hands from a Malvern-based private investor to one based in Glen Mills, with both entities structured as limited liability companies in the deal. The corporately owned Acme…
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Philadelphia Region Luxury Homes Rank Among Top Ten Fastest-Selling Markets
In November 2025, luxury homes in the Philadelphia region sold faster than those in most other parts of the country, according to a new analysis by Realtor.com, writes Michaelle Bond for The Philadelphia Inquirer. With luxury homes spending an average of 64 days on the market, roughly a week less than at the same time…
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