Real Estate
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Philadelphia Stands Out as Lone Major City in Top 20 Most Popular Housing Markets of 2025
Philadelphia made Zillow’s list of the most popular real estate markets of 2025 and was the only large city included among the predominantly midsize markets, writes Michaelle Bond for The Philadelphia Inquirer. The majority of locations on the list fall within a population range of roughly 100,000 to 300,000 residents, making No. 19 Philadelphia a…
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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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Major Sale Marks Toll Brothers’ Exit From Apartment Business
Toll Brothers is continuing a major strategic pivot, writes Janelle Ward for The Philadelphia Business Journal. The Fort Washington real estate giant is selling an Atlanta student housing tower for $132 million, exiting the apartment business and doubling down on luxury homebuilding. The property, known as Kinetic, is a 752-bed multifamily tower located near Georgia…
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Former Famous Dave’s CEO Acquires Multiple Iron Hill Brewery Sites, Including One Philadelphia Location
Jeff Crivello, the former CEO of Famous Dave’s, plans to buy 10 Iron Hill Brewery & Restaurant locations, including one in Philadelphia, writes Emma Dooling for the Philadelphia Business Journal. During a recent U.S. Bankruptcy Court hearing in New Jersey, Judge Jerrold N. Poslusny Jr. approved the sale of the regional chain’s assets and leases…
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House of the Week: Beautiful Classic Stone Colonial in West Mount Airy
A beautiful classic stone colonial with five bedrooms and four-and-a-half bathrooms is available in West Mount Airy for $1,850,000. This expansive residence boasts 4,357 square feet of living space, set on a generous 1.5 acre wooded lot with a remarkable in-ground pool oasis. . . Notable features include a long driveway flanked with vine-covered stone…
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Toll Brothers Launches $1M+ Luxury Community in Royersford
Luxury homebuilder Toll Brothers has officially launched sales at Canterbury Meadows, a new 30-home community in Royersford, according to Paul Schwedelson of The Philadelphia Business Journal. The Fort Washington-based builder says homes in the Royersford development will start at $1.02 million. The sales center and model home are located at 183 Kline Road. Residences offer…
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New Resolution Would Give Philadelphia’s Vacant School Buildings New Life
Philadelphia has about 20 vacant school properties across the city, causing increased pressure from the community to do something with them. There is now a new resolution that the Philadelphia Board of Education will vote on that would bring new life to these vacant school buildings, writes Raymond Strickland for CBS News Philadelphia. If passed,…
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Cescaphe to Bring Historic Northeast Philadelphia Wedding Venue Into Growing Estate Portfolio
Cescaphe, the notable events company, recently added to its growing estate portfolio with the acquisition of the Glen Foerd estate in Northeast Philadelphia, writes Emma Dooling for the Philadelphia Business Journal. Cescaphe will be taking over the catering operations at the 175-year-old wedding venue, which is set to undergo a more than $5.5 million renovation…
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Two Major King of Prussia Hotels Hit the Market Ahead of Colossal Year for Tourists
Two well-known King of Prussia hotels are officially on the market, creating a rare investment opportunity in one of Montgomery County’s busiest commercial districts, Emma Dooling for The Philadelphia Business Journal. The Fairfield Inn Philadelphia Valley Forge/King of Prussia and the Crowne Plaza Philadelphia King of Prussia were recently listed for sale after their previous…
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Brown Real Estate Buys Shoppes at Wissinoming in Northeast Philadelphia for $30.8 Million
A Brown Real Estate affiliate recently paid $30.8 million for the Shoppes at Wissinoming, a Northeast Philadelphia shopping center with a ShopRite supermarket, writes Paul Schwedelson for the Philadelphia Business Journal. The grocery store is one of 12 in Greater Philadelphia that are operated by the family-owned Brown’s Super Stores. This latest purchase gives the…
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Apartments, Swimming Pool, and Redeveloped Retail Space Planned for Historic Wanamaker Building
TF Cornerstone, the owner of the Wanamaker building, is seeking to transform the historic property into residential space while redesigning the first three floors that previously housed Macy’s to accommodate multiple retail tenants, writes Paul Schwedelson for the Philadelphia Business Journal. The plans for the 114-year-old building, which spans an entire block just east of…
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Philadelphia Developer Obtains Lease on Five Historic, Long-Neglected SEPTA Stations
SEPTA’s board recently approved a deal to give Philadelphia developer Ken Weinstein and his firm, Philly Office Retail, a 99-year lease on five historic and long-neglected rail stations in Northwest Philadelphia, writes Jake Blumgart for The Philadelphia Inquirer. The five stations are: Tulpehocken in Germantown; Carpenter, Mount Airy, and Upsal in Mount Airy; and Gravers…
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House of the Week: Beautiful Corner Apartment in Center City
A beautifully appointed corner apartment at Parc Rittenhouse with two bedrooms and two full bathrooms is available for sale in Center City. This sophisticated residence offers a beautifully refined setting with every room overlooking Rittenhouse Square, which creates an exceptional sense of light, scenery, and comfort throughout. . . Among the standout spaces are the…
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With a Giant in Place, the Shoppes at Concord in Glen Mills Can be Built
Giant will be the anchor for the Shoppes at Concord, a planned 155,000 square-foot shopping center in Glen Mills, writes Ryan Mulligan for the Philadelphia Business Journal. With an anchor in place, Retail Sites can go ahead with the shopping center construction, expected to start in 2026 after years of delay. Construction should take between…
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Bellwether District Announces West Coast-Based Canned Beverage Company As First Tenant
The Bellwether District is set to host the first Northeastern United States factory of West Coast-based canned beverage company DrinkPAK, writes Jake Blumgart for The Philadelphia Inquirer. The 1,300-acre Bellwether District occupies the former site of the South Philadelphia oil refinery. The HRP Group has remediated the property into a warehouse, manufacturing, and life sciences…
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Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson for the Philadelphia Business Journal. The investors who have acquired the iconic Spanish baroque buildings plan to make capital improvements to the property, hoping to enhance its tenant value. “We…
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Joseph Ambler Inn in North Wales Sells to Local Real Estate Investor
After four decades with its original owner, the 52-room Joseph Ambler Inn has now been sold to Milind Satam, Jeetu Satpute and other real estate investors for $5.725 million, plus additional costs, writes Emma Dooling for the Philadelphia Business Journal. The new owner said the property will continue operating as a hotel. As an independent…
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The Devon Senior Living Bought by North Jersey Operator
The Devon Senior Living has been purchased by Juniper Communities, a North Jersey-based operator of senior living facilities, for an undisclosed sum, writes John George for the Philadelphia Business Journal. The property was sold by AlerisLife, based in Massachusetts, which acquired the Chester County community in 2008 for $4.65 million. The company stated earlier this year that it was planning to sell the assets while winding down operations. The property spans 90,865…
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