Real Estate
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House of the Week: Elevated Lifestyle in Stunning Contemporary Apartment in Avenue of the Arts
A stunning contemporary apartment at The Symphony House with two bedrooms and two bathrooms is available for sale in the Avenue of the Arts. Thoughtfully designed and impeccably maintained, the residence delivers a refined blend of comfort and modern elegance, all within a dynamic urban setting. Impressive details include tray ceilings, expansive windows framing panoramic…
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Historic Center City Building, Once Home to Philadelphia Elks Lodge, Hits Market for $5.75M
A historic Center City building, once home to the Philadelphia Elks Lodge and later the Salvation Army, is currently on the market for $5.75 million, writes Paul Schwedelson for the Philadelphia Business Journal. The three-story building at 1320 Arch Street, facing the Pennsylvania Convention Center, was built in 1905. Currently vacant, it offers potential buyers…
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House of the Week: Beautiful Victorian in Roxborough
A beautiful Victorian home set on a lovely 4,104-square-foot lot, with four bedrooms and two and a half bathrooms is available for sale in Roxborough. This charming residence blends old-world charm with modern comforts throughout. . . Among the standout features on the first floor are an inviting open living and dining area with a…
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EV-Ready Residential Tower in Philly Highlights Sustainability Focus in Luxury Real Estate
The luxury real estate market across the country is embracing sustainability in full, and an EV-ready residential tower in Philadelphia stands out as a leading example, writes Abby Montanez for the Robb Report. Developed by Midwood, the building at 210 South 12th Street embraces sustainability in a tech-forward way. The Center City residential tower features…
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Philadelphia Region Homes for Sale Among Oldest in Nation Last Year
Philadelphia ranks among the ten metropolitan areas with the oldest median homes sold in 2024, according to a recent analysis by Redfin, writes Michaelle Bond for The Philadelphia Inquirer. The median age of homes sold in the region last year was 61, dating back to 1963. Only six percent of homes sold were under five…
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QVC’s West Chester Studios to Welcome 11 HSN Hosts with 10 Departing
HSN has announced that eleven of its on-air hosts will relocate with the home shopping network to sister station QVC’s West Chester studios, while ten will depart, writes Jeff Blumenthal for the Philadelphia Business Journal. HSN posted on Facebook that Sarah Anderson, Debbie Denmon, Adam Freeman, Nicole Hickl, Tamara Hooks, Tina Jennings, Emily Lampa, Ty…
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TF Cornerstone Holds $120M Advantage As Historic Wanamaker Building Faces Foreclosure Auction on June 3
The historic Wanamaker building in Center City is set to face a foreclosure auction on June 3, with TF Cornerstone coming into the bidding process with a $120 million advantage, writes Paul Schwedelson for the Philadelphia Business Journal. The New York developer holds the majority of the building’s debt, which has been at risk of…
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Ellis Preserve Developer in Newtown Square Looking at Industrial Sites
An affiliate of Equus Capital Partners in Newtown Square is working to raise $500 million for an industrial property fund, writes Paul Schwedelson for the Philadelphia Business Journal. Equus Industrial Partnership L.P., formed in 2024, has raised $136 million toward the fund so far, according to a filing with the U.S. Securities and Exchange Commission.…
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House of the Week: Lovely and Spacious California Split in Somerton
A lovely California split home set on 0.23 attractive acres with three bedrooms and two and a half bathrooms is available for sale in Somerton. This inviting residence features a stone front exterior and an open floor plan that is enhanced by the soaring cathedral ceilings. Refined details include hardwood flooring, granite countertops, and an…
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Philadelphia Ranks Among Top 5 Industrial Markets Nationwide in 2025
While construction activity nationwide has remained relatively low due to ongoing oversupply and increased rent, the industrial real estate market remains stable. A new study that looks at the current trajectory of the market ranked Philadelphia as the fourth-strong industrial market in the nation for the first quarter of 2025, according to CommercialCafe. The ranking…
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Mitchell Morgan Has a Full-Circle Moment at Temple Graduation
Mitchell Morgan, founder and CEO of Conshohocken’s Morgan Properties, shares his success story at Temple University’s 138th commencement, writes Sidney Rochnik for Temple News. Morgan earned both his undergraduate and law degrees at Temple. The University awarded him with an honorary Doctor of Humane Letters during the ceremony. Morgan closed the event with a heartfelt…
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What Could Become of the Wanamaker Building Under New Ownership? Here is An Idea
After negotiations with Philadelphia-based Rubenstein Partners are complete, the iconic Wanamaker building will fully belong to Manhattan-based real estate company, TF Cornerstone, writes Jake Blumgart for The Philadelphia Inquirer. TF Cornerstone had owned the 435,000-square-foot portion of the building that currently contains Macy’s since 2019, before purchasing the debt for the remaining 954,262-square-foot office portion…
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Local Brewing Company Eyes West Chester for Possible Expansion
Local brewery Tired Hands Brewing Co. has its sights set on West Chester for a new brick-and-mortar location, writes Emma Dooling for the Philadelphia Business Journal. The brewery is currently undergoing a rebrand that includes introducing several new locations, expanding its food and drink menu, renovating interiors, and formally changing the name of the Ardmore…
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Bryn Mawr Mansion is a $2.8M Castle in the Main Line
A stunning Bryn Mawr mansion blends Tudor elegance with brick grandeur, writes Lisa Dukart for the Philadelphia Inquirer. Listed at $2.795 million, the 6,164-square-foot residence at 1100 Green Valley Rd. offers a private, estate-like setting on nearly two acres in Lower Merion Township. From the moment you pass through the gated driveway, the home makes…
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1,100 New Apartments to be Added to Center City As Office Conversion Projects Continue
Center City is preparing to add more than 1,100 new apartments as countless office-to-residential conversion projects continue to take place throughout the area, writes Paul Schwedelson for the Philadelphia Business Journal. Through these projects, Philadelphia gets to address the dropping office vacancy rate while also increasing the city’s tight housing supply simultaneously. “In some cases,…
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Temple University Announces Plans to Vacate Center City Building Location
Temple University has plans to move out of its Center City location inside the 1515 Market Street office tower, writes Noah Zucker for BisNow. Temple currently occupies 130,000 of the 502,000-square-feet of the building. In February, Temple spent $18 million on the former University of the Arts’ Terra Hall, the largest piece of the shuttered…
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Philadelphia’s First Major Office-to-Residential Conversion Went Smoothly, Leasing Starts in March
Philadelphia’s first major office-to-residential conversion since the pandemic is set to be completed this spring, with leasing beginning in March, writes Jake Blumgart for The Philadelphia Inquirer. Alterra Property Group’s conversion of 1701 Market Street is the only such major project nearing completion, despite ongoing discussions over turning empty office spaces into residences since 2020,…
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House of the Week: Gorgeous Dutch Colonial in Chestnut Hill
A gorgeous Dutch colonial home on lovely 1.93 acres with five bedrooms and four full and two half bathrooms is available for sale in Chestnut Hill. This exquisite residence blends historic character with thoughtful updates, offering an elegant lifestyle within the Morris Arboretum. Meticulously restored, it showcases superb craftsmanship across three finished levels and expansive…
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