Real Estate
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Philadelphia Homebuyers Face More Competition Than Most Other Areas of the Country
Philadelphia area homebuyers, along with those across the Northeastern United States, face among the stiffest competition compared to other parts of the nation, writes Michaelle Bond for The Philadelphia Inquirer. This is according to a new Zillow analysis. The analysis, which looked at activity on its website in March, found that there are between five…
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House Prices Have Skyrocketed in These Bucks County Towns
Over the past five years, five Bucks County towns have seen house prices soar, with some home values increasing by as much as 80 percent, writes JD Mullane in the Bucks County Courier Times. “Analyzing 15 years of data across thousands of neighborhoods shows not just where wealth concentrates, but how dramatically fortunes have shifted since the…
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Historic Schoolhouse Home Hits Market in Glenmoore
A converted 1867 schoolhouse with a large addition recently hit the market in Glenmoore, writes Paul Jablow for The Philadelphia Inquirer. The current owners, Collin and Dani Phelan, purchased the house and an adjacent 2.14-acre lot in 2023. The lot is also available for sale separately from the house. The three-bedroom, three-and-a-half bathroom home offers…
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Power Home Remodeling Expanding Chester Headquarters, 100s to be Hired
Power Home Remodeling has signed a 250,000 square-foot lease in Chester as it looks to expand its headquarters there, writes Ryan Mulligan for Philadelphia Business Journal. The expansion will also mean hiring 300 to 400 new workers. The 12-year lease adds 65,000 square feet to Power’s headquarters at the Wharf at Rivertown, the former Delaware…
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Work Begins on Toll Brothers’ Royersford Development Featuring 30 Homes Starting at $1 Million
Fort Washington-based Toll Brothers has begun site work on its Royersford development, which will feature 30 single-family homes that will start at $1 million, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder purchased the 23-acre site at 183 Kline Road for $5.1 million in November. It sits just south of The Court…
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The Neshaminy Mall Needs a Makeover. Here’s What Locals Suggested
Everyone agrees the once-thriving Neshaminy Mall is in desperate need of some updates, writes Dino Ciliberti in the Patch. The 1 million square foot mall was a popular attraction in Bensalem Township, with people traveling from everywhere to shop. When Mayor Joseph DiGirolamo noted the mall needed a transformation, many locals were quick…
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Historic Wayne Estate Tied to John F. Kennedy Campaign Lists for $5 Million
Fairhill, a stunning Wayne home believed to have hosted a campaign speech by former President John F. Kennedy, is now on the market for $5 million, writes Ryan Mulligan for the Philadelphia Business Journal. Completed in 1903, this five-bedroom, six-bathroom stone residence spans 6,155 square feet and was designed by renowned Philadelphia architect Wilson Eyre,…
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High-End Apartment Tower Near Rittenhouse Square Acquired for $138M
CBRE Investments has sold a 34-story apartment tower near Rittenhouse Square for $138 million, marking one of the largest multifamily sales in Center City in recent years, writes Paul Schwedelson for the Philadelphia Business Journal. The sale price equates to $431,000 per unit. The buyers were New York-based Cantor Fitzgerald and Norfolk, Virginia-based Harbor Group…
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TF Cornerstone, Now Sole Owner of Historic Wanamaker Building, Reveals Conversion Plans
New York City real estate developer TF Cornerstone has officially solidified its full ownership of the historic Wanamaker Building in Center City, writes Noah Zucker for BisNow. After initially purchasing the building’s first three floors in 2019, the developer later acquired the fourth through 12th floors and 660 parking spaces in its underground garage last…
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House of the Week: Lovely Split-Level Turnkey Home in Heart of Morrell Park
A lovely split-level home set on an attractive 9,198-square-foot lot with four bedrooms and two and a half bathrooms is available for sale in Morrell Park. This beautifully renovated residence blends modern design with timeless charm, with a bright and flexible layout that is perfect for today’s lifestyle. Refined details include gleaming hardwood floors, elegant…
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More New Yorkers Are Moving to Philadelphia Than Any Other City, According to New Report
With New York residents feeling the strain of high housing costs, many are looking to relocate to another city, and Philadelphia is now the most popular destination, writes Mary K. Jacob for New York Post. This is according to a new report from StreetEasy, which reveals that Philadelphia is now the most popular metro area…
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Explore Three Restored Bucks County Homes That Preserve Historic Architectural Legacy
Pennsylvania’s legacy continues to live through many of its beautifully restored historic estates, including several in Bucks County that are currently on the market, writes Jon Dykstra for the Home Stratosphere. A gorgeous stone farmhouse in Pipersville dates back to 1785 and seamlessly blends historic charm with modern function. The beautifully restored four-bedroom, five-bathroom home…
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Philadelphia Housing Authority CEO Has $6.3 Billion Plan to Address Philly Public Housing
The Philadelphia Housing Authority and its CEO Kelvin Jeremiah are on the verge of embarking on a $6.3 billion strategy to help address Philadelphia’s public housing challenges, writes Jake Blumgart for The Philadelphia Inquirer. The goal is to overhaul all 13,000 of its existing properties, building 3,000 new units, and buy 4,000 additional units in…
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Union League of Philadelphia Seeing Unprecedented Growth, Eyeing Further Potential Acquisitions
The Union League of Philadelphia is experiencing unprecedented growth, marking its most significant expansion in the last decade and more of its 160-year history, writes Ryan Mulligan for the Philadelphia Business Journal. The exclusive members-only private club, long a haunt for top business leaders in the region, launched its expansion in 2014 with the opening…
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New Owner Sells Fairless Hills Wawa Site for $6.5M, Eyes Future of Former Big Lots Space
Four months after purchasing the Fairless Hills Shopping Center, discount retail chain Ocean State Job Lot has sold the property’s Wawa site for $6.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The Rhode Island-based retailer sold the parcel at 530 Lincoln Highway in Fairless Hills in an off-market deal to a private buyer.…
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Beagle Hill Farm in Malvern Up For Grabs After Extensive Transformation
Beagle Hill Farm, a stunning estate featuring a beautiful 1821 traditional farmhouse with a rich legacy, has recently hit the market in Malvern, writes Mathew Abraham for MSN. Set on 14.8 acres, this home blends classic architectural charm with modern luxury. Elegant details like white oak hardwood floors, arched doorways, and a curved oak staircase…
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Best Time of Year to Sell Home in Philadelphia Area Is Approaching
Homeowners aiming to maximize their sale price should begin preparations, as the best time of year to sell a home in the Philadelphia region is quickly approaching, writes Michaelle Bond for The Philadelphia Inquirer. Zillow’s 2024 home sales analysis shows that early June yields the highest sale prices in the Philadelphia metro area. Homes listed…
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Repair and Deduct Project Aims to Protect Low-Income Philly Tenants, Hold Negligent Landlords Accountable
A new pilot program launched by Face to Face, Community Legal Services, and Rebuilding Together Philadelphia aims to protect the city’s low-income tenants while holding negligent landlords accountable, writes Aaron Moselle for WHYY. The Repair and Deduct Project — started with help of a $60,000 grant — relies on a nearly five decades old Pennsylvania…
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