Real Estate
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With a Hand from Firstrust Bank, Frankel Enterprises Partners with PHDC to Deliver Affordable Homeownership
As Philadelphia continues to grapple with a shortage of affordable housing, a new partnership between the Philadelphia Housing Development Corporation (PHDC) and Frankel Enterprises, a civic-minded and forward-thinking real estate development firm, is helping qualified residents unlock the door to homeownership. Through PHDC’s Turn the Key initiative, Frankel Enterprises is developing more than 100 newly…
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House of the Week: Gorgeous Townhouse in Fitler Square
A gorgeous townhouse with two bedrooms and two and a half bathrooms is available for sale on S 22nd Street in Fitler Square. This elegant residence blends historic charm with contemporary luxury. Distinctive details include walnut and mahogany inlaid hardwood floors, soaring ceilings, oversized windows, and decorative fireplaces throughout. . . Among the highlights are…
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Boston-Based Seyon Group Pays $17.5M for Three King of Prussia Buildings
Boston-based Seyon Group recently acquired three buildings in King of Prussia’s Renaissance Park for $17.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The three properties, totaling roughly 100,000 square feet, were sold by Brian O’Neill’s MLP Ventures and include 3600, 3602, and 3100 Horizon Drive, with the final address being the home of…
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Philadelphia Leadership: Dan Eisenstadt, CEO, Terramed Real Estate Solutions
Dan Eisenstadt, Founder and CEO of Terramed Real Estate Solutions, spoke with PHILADELPHIA Today about his earliest experiments in entrepreneurship as a kid in Westchester County, scalping concert tickets, and selling software in the days of eight-inch floppy disks. After graduating from UVA Law School and Harvard Business School, having already co-founded the Auschwitz Jewish…
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Royal Oak Realty Trust Picks Up $29M Industrial Site in Upper Providence
Royal Oak Realty Trust recently purchased a two-building complex in Upper Providence Township for $29.25 million, writes Ryan Mulligan for The Philadelphia Business Journal. The 14-acre property at 500 Prosperity Drive sits along the Schuylkill River, directly across from Phoenixville, and remains fully leased to longtime tenant Global Packaging Inc. The site has been a…
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Stunning Glass Barn in New Hope Is on the Market for $6.25M
The Glass Barn stands as an architectural masterpiece in New Hope, defined by design that emphasizes open space and the natural scenery around it, writes Giselle DaMier for Jersey Digs. The five-bedroom, three-and-a-half bathroom home, listed at $6,250,000, first appeared in Architectural Record in 1988 and was given a full renovation in 2020. Its standout…
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A Peek Inside Yolanda Hadid’s New Hope Estate on 32 Pastoral Acres
A magnificent New Hope estate, owned by Yolanda Hadid, featuring an 1810 farmhouse, three guest cottages, and a historic barn brings together timeless character and thoughtfully designed modern comforts, writes Vasila Khurshid for The Amazing Mom Life. The immaculate 32 acres of grounds, first deeded in 1682, showcase sweeping lavender fields as well as beautifully…
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Sonesta Select Philadelphia Airport Hotel Sold to Charlotte-Based Hospitality Company in $16M Deal
Charlotte-based hospitality company Laxmi Hotels Group has acquired Sonesta Select Philadelphia Airport hotel, writes Emma Dooling for the Philadelphia Business Journal. Its $16 million sale price is 68 percent above Philadelphia’s hotel average of about $9.5 million over the last five years. Considering that publicly recorded sale prices of hotels don’t often include additional payments…
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Delaware County Luxury Home Prices Are Up, But Listings Are Down
Sales and listings of luxury homes in Delaware County are down this year, but prices are up, writes Michaelle Bond for The Philadelphia Inquirer. The trend is also seen in the Philadelphia area and nationwide as luxury home prices rise faster than the rest of the market. “The people buying at the top end are…
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Bucks County Median Homebuyer Age Well Below National Average
According to a nationwide survey by the National Association of Realtors, the median homebuyer age in the Philadelphia-Camden-Wilmington metropolitan area, which includes Bucks County, is well below the national average, writes Jess Rohan for the Bucks County Courier Times. The survey found that the median homebuyer overall in the United States is 59 years old,…
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House of the Week: Extraordinary Church-to-Residence Conversion in Manayunk
An extraordinary church-to-residence conversion home with four bedrooms and two and a half bathrooms is available for sale in Manayunk. This stunning residence was once a house of worship, has been transformed into a distinguished home that seamlessly blends historic grandeur with contemporary elegance. . . Attractive details include vaulted and coffered ceilings, arched passageways,…
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Greystone Hall in West Chester Sold for $6.5 Million
New York-based Mirbeau Hospitality Services has purchased the 44-acre Greystone Hall in West Chester for $6.5 million, and intends to transform it into a luxury boutique resort and spa, writes Emma Dooling for the Philadelphia Business Journal. Earlier this month, the company finalized the purchase of the property, which features a three-story mansion, a garage,…
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Main Line Neighborhood Ranks Among 50 Hottest Luxury Housing Markets in America
Villanova ranked among the 50 hottest luxury housing markets in America for the third quarter, writes Ryan Mulligan for the Philadelphia Business Journal. Villanova landed at No. 49 based on an analysis of the nation’s hottest luxury markets using third-quarter listing and sales data from Intercontinental Exchange. During that time, Villanova’s 19085 ZIP code saw…
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This Delaware County ZIP Code Is in the Nation’s Top 50 Luxury Housing Markets
Affluent homebuyers are snatching up properties in Villanova, making it one of the top luxury housing markets in America, writes Ryan Mulligan for Philadelphia Business Journal. Villanova’s 19085 ZIP Code ranks 49th on a list of 258 ZIP Codes, according to third-quarter listing and sales data from Intercontinental Exchange. It was the only Philadelphia-area market…
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Former Landhope Dairy Farm in Kennett Square to Become New Wedding Venue
Jeffrey A. Miller Hospitality Group is partnering with the owners of the former Landhope dairy farm on a $6 million adaptive reuse project to transform the site into a new wedding and event destination in Kennett Square, writes Emma Dooling for the Philadelphia Business Journal. Named Willowdale, the new event space is slated to open…
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Yolanda Hadid’s New Hope Estate Back on Market After Offer Falls Through
Just days after Yolanda Hadid revealed that her New Hope farmhouse was under offer, the $11 million estate has returned to the market, writes Charlie Lankston for Realtor.com. The listing for the 32-acre property was updated on Oct. 8 to reflect an offer that had been made. The property remained active while the details of…
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House of the Week: Gorgeous Colonial Revival Estate in Chestnut Hill
A stunning colonial revival home on 2.8 lovely acres with seven bedrooms and six full and two half bathrooms is available for sale in Chestnut Hill. This grand residence, known as Caenawon, reflects the grace and scale of the Gilded Age with exceptional architectural heritage. Built between 1903 and 1910 by the noted Philadelphia firm…
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Bank of New York Mellon to Relocate, Significantly Reduce Philadelphia Office Space in 2026
The Bank of New York Mellon Corp. is planning to vacate its longtime namesake building in Center City as it reduces its Philadelphia office space, writes Paul Schwedelson for the Philadelphia Business Journal. Currently located at 1735 Market Street, the financial services firm plans to relocate to the One Logan Square building along the Benjamin…
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