Real Estate
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Vanguard Ditches Malvern Office Lease, Cutting Building Occupancy to 36 Percent
Vanguard is walking away from 87,600 square feet of office space in Malvern, a move that will send one building’s occupancy from 100 percent to 36 percent, reports Paul Schwedelson for the Philadelphia Business Journal. The investment giant’s lease at 45 Liberty Blvd. in the Great Valley Corporate Center expires at the end of June, and Vanguard informed landlord FLD Group that it won’t…
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Embassy Suites Near Philadelphia Airport Listed for Sale As Investors Eye 2026 Event Boom
A well-known all-suite hotel steps from Philadelphia International Airport has hit the market, and the timing is no coincidence. The Embassy Suites by Hilton Philadelphia Airport, a 263-room property at 9000 Bartram Ave., is being offered for sale as investors look to cash in on what could be one of the most lucrative stretches in…
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The Generational Homeownership Divide: Why Millennials and Gen Z Are Still Locked Out
The American dream of homeownership looks very different depending on when you were born, and new data lays bare just how stark that divide has become, writes Sami Sparber for Axios. Baby Boomers are sitting on a mountain of real estate compared to younger generations. A Redfin analysis of 2024 census data found that boomer…
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263-Room Philadelphia Airport Hotel for Sale: Embassy Suites Lists at $40M Appraisal
A familiar name near Philadelphia International Airport could soon be under new ownership. The 263-room Embassy Suites by Hilton Philadelphia Airport at 9000 Bartram Ave. has been put up for sale by Dallas-based Ashford Hospitality Trust, a move that would mark the company’s exit from the Greater Philadelphia market, according to Emma Dooling of the…
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D.R. Horton Eyes 130-Acre Honey Brook Site, Local Speedway for New 170-Home Community
One of the nation’s largest homebuilders has its sights set on rural Chester County, and its plans include saving a local speedway in the process, writes Ryan Mulligan for the Philadelphia Business Journal. D.R. Horton is proposing a 170-home development on 130 acres next to the Honey Brook Speedway. The planned community, called Arbor’s Glen, would feature 85 duplex buildings and public amenities. In atypical fashion for the company, D.R. Horton…
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An 11-Generation Rittenhouse Family Estate in Harleysville Is Now for Sale
A piece of Montgomery County history is looking for its next steward, and it comes with a story that stretches back to the founding of America itself, writes Ryan Mulligan for The Philadelphia Business Journal. A historic Harleysville estate that has remained in the Rittenhouse family for 11 generations has been listed for sale for…
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Former Adult Entertainment Venue in South Philly Sold for $2.3 Million, Will Be Repurposed
Show & Tel, an adult entertainment club in South Philadelphia that had been open since the 1990s, has been closed and will soon be repurposed, writes Michael Tanenbaum for PhillyVoice. The 32,000-square-foot property was sold for $2.3 million and will be redeveloped as a storage facility and office space. The property was listed for $3.5…
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Why Markets Like King of Prussia Are Winning: A CEO’s Guide to Location Strategy
CEOs today are navigating a moment defined by competing pressures – remote work, hybrid expectations and a narrow talent market. Many are sitting on large footprints of underutilized office space – an issue playing out across the country – while simultaneously trying to position themselves near the workforce they need to stay competitive. Today’s leaders…
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Crystal Tea Room in Center City Secures Its Future With Finley Catering’s Long-Term Lease
The future of Philadelphia’s iconic Crystal Tea Room appears secure for decades to come, as Finley Catering has reaffirmed its commitment to the historic venue by signing a new long-term lease in the Wanamaker Building, writes Paul Schwedelson for the Philadelphia Business Journal. The new 29-year agreement extends Finley Catering’s presence at the Crystal Tea…
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From Dead Mall to Town Center: The Plan to Reimagine Neshaminy Mall in Bensalem
For generations of Bucks County residents, Neshaminy Mall was more than a shopping center. It was where people saw movies, wandered the food court, bought back-to-school clothes, and spent Friday nights during the height of the suburban mall era. Now, the future of the Bensalem property appears headed in a much different direction. In July…
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North Philadelphia’s Long-Vacant Budd Plant Could Be Transformed Under New Rezoning Plan
A massive, long-dormant industrial complex in North Philadelphia may finally be getting a second life, and the vision for it is an ambitious one. City Councilmember Curtis Jones Jr. has introduced legislation to rezone the former Budd Company plant in the Nicetown-Tioga neighborhood, opening the door to residential, mixed-use, and commercial development alongside life sciences…
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Historic Boyd Theatre Marquee At Risk As Owner Seeks to Modernize Philadelphia Landmark
The Boyd Theatre has survived closure, a preservation battle, and the demolition of most of its auditorium, but now its iconic marquee may be next to go. Pearl Properties, which owns Philadelphia’s last great downtown movie palace, wants to remove the theater-style marquee and modernize the recessed storefront, writes Jake Blumgart for The Philadelphia Inquirer.…
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House of the Week: Inside a Rare and Storied $2M Chestnut Hill Estate
Perched at the prestigious corner of Germantown and Chestnut Hill Avenues in Philadelphia’s beloved Chestnut Hill neighborhood, a landmark Italianate-style mansion is up for sale for $2,000,000. Known as the Samuel Austin House, it was built from locally quarried Wissahickon schist, the same distinctive stone that defines the character of the neighborhood. . . The…
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Aronimink Neighbor Earns Thousands Renting Home to Top PGA Golfer During 2026 Championship
When a top-10-ranked professional golfer needed a place to stay during the 2026 PGA Championship at Aronimink Golf Club, he didn’t book a hotel; he booked Greg Murray’s house. Murray, a Delaware County entrepreneur and owner of GM Mechanical, Bernie’s Pretzels, and Murray’s Bar and Grille, walked away with a reported $50,000 to $100,000 after renting his St. David’s…
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Washington Post: Homes Are Getting Older and Crumbling, Especially in Northeast Cities Like Philadelphia
In various cities across the nation, especially those like Philadelphia, homeowners are struggling to maintain and repair their aging homes, writes Tim Craig for The Washington Post. With many of these aging houses crumbling and withering, many homeowners are being forced to live in nearly unlivable conditions. To make matters more challenging, repair costs are…
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Archdiocese of Philadelphia to Relocate from Headquarters After More Than 50 Years
The Archdiocese of Philadelphia will be moving from its headquarters of more than a half-century early next year, writes Paul Schwedelson for the Philadelphia Business Journal. The Archdiocese just recently signed a new long-term lease for 80,000 square feet at the Three Parkway building in Philadelphia. The new location is just a block away from…
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House of the Week: Inside a $1.25M Custom-Built Luxury Home in Bustleton
Tucked away in Philadelphia’s Bustleton section of Far Northeast Philadelphia, 9741 Krewstown Road is a stunning custom-built home offering 6 spacious bedrooms and 4.5 bathrooms. The property, listed at $1,250,000, sits on a 0.24-acre lot and comes with a 10-year tax abatement, offering tremendous long-term value for future homeowners or investors. . . From the…
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This Berwyn Estate Is One of the Most Expensive Listings in Philadelphia Region’s History
One of the Main Line’s signature luxury properties, a sweeping Berwyn estate known as Agincourt, has hit the market, writes Ryan Mulligan for the Philadelphia Business Journal. The 106-acre property near Sugartown Road is listed for a whopping $28.95 million, one of the most expensive residential listings in region’s history. Owner Lauren Wylonis, a forensic psychiatrist turned home designer, first discovered…
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