Real Estate
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Diverse Investments Signal Rebound in Philadelphia’s Office Market
A surge of diverse investments is signaling the beginning of recovery in Philadelphia’s office market, writes Paul Schwedelson for the Philadelphia Business Journal. Recent investments include the sale of 2000 Market Street to out-of-town investors, a loan extension and renovation plans for 1515 Market Street, and a new lease for the Center City headquarters of…
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Wall Street Journal: Former Owner Talks About Her Haunted House in Media
After The Wall Street Journal story “Selling a Haunted House?” was released, readers responded with haunted tales of their own, writes Kerry Barger for The Wall Street Journal. One story talked about a haunted house in Media. Linda Rooney wrote they had bought a house dating back to the 1700s that had an addition added…
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Furlong Stone Farmhouse Blends Historic Charm with Expansive Property
A charming 18th-century stone farmhouse elegantly combines family-friendly comfort with a deep sense of heritage, set amid the lush greenery in Furlong, writes Vasila Khurshid for The Amazing Mom Life. The home is nestled on a sprawling, secluded property that offers a rare sense of privacy and serenity. It features an inviting in-ground pool and…
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$12 Million Callowhill Lot Listed by Wing Lee Realty with Co-Development Potential
Wing Lee Realty Investment is looking to either sell a development site between Chinatown and Northern Liberties for $12 million or find a partner to co-develop it with, writes Paul Schwedelson for the Philadelphia Business Journal. The ownership group, which is a partnership of siblings, acquired the 0.8-acre property at 900 Callowhill Street in 2015.…
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This Bucks County Town Is Greater Philadelphia’s Hottest Housing Market
In the second quarter of 2025, homes sold faster in Levittown than anywhere in Greater Philadelphia, making the blue-collar town the hottest housing market in the region, writes Ryan Mulligan for the Philadelphia Business Journal. In Bucks County, during the three months ending June 30, properties sold faster in more affordable suburbs than in affluent…
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Philly Real Estate Investor Acquires Six-Building Apartment Portfolio in University City for $5M
Philadelphia-based real estate investor Loonstyn Properties has purchased a six-building, 41-unit University City apartment portfolio for $5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The buildings, just north of Drexel University’s campus, consists entirely of one bedroom and one bathroom apartments. The acquisition also includes 21 parking spots. Loonstyn plans to renovate the…
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Tastykake’s Navy Yard Headquarters Is Up for Sale
Tastykake’s 345,500-square-foot Philadelphia Navy Yard headquarters, built in 2009 as a custom facility for the company, is being sold by Prologis, writes Paul Schwedelson for the Philadelphia Business Journal. San Francisco-based Prologis acquired the building five years ago through a $13 billion merger with Liberty Property Trust. Tastykake’s parent company, Tasty Baking, has nearly a…
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House of the Week: Gorgeous Contemporary in East Falls
A gorgeous contemporary home on 1.11 lovely acres with five bedrooms and three bathrooms is available for sale in East Falls. This stunning residence offers an exceptional combination of privacy, style, and thoughtful updates, creating a unique sanctuary with seamless indoor-outdoor flow. Elegant details include bamboo hardwood floors and newly-installed skylights. . . Among the…
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Lawmakers Challenge Abrams Realty’s Exton Square Mall Vision
The West Whiteland Board of Supervisors has pushed back against Abrams Realty and Development’s Exton Square Mall mixed-use redevelopment plans, with one member calling for the revival of plans for a hotel on the site, writes Noah Zucker for BisNow. Lawmakers expressed concerns regarding the project’s density, the township’s sewer capacity, and the future of…
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Bryn Mawr Mansion with Movie Theater, Indoor Pool, Heads to Auction
A Bryn Mawr mansion in Delaware County with an indoor pool and 18-seat movie theater is heading to auction Oct. 16 after sitting on the market for two years, writes Ryan Mulligan for Philadelphia Business Journal. The home was custom-built in 2005, designed by architect Gordon L. Todd Associates and built by A.L. Hellman Custom…
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Wedding Venue and Adjacent Property Sold to Bensalem Landmark for $6.85M
In a $6.85 million deal, the Bensalem Landmark Shopping Center entity has acquired the Celebrations Wedding Venue and the adjacent shopping plaza from owner Francesco Dicianni, writes Paul Schwedelson for the Philadelphia Business Journal. According to the Pennsylvania Liquor Control Board, Celebrations’ liquor license has recently been transferred to the new owner. Dicianni is still…
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40-Acre Historic Property Called Summer Duck Lane Restored in Chester County
In West Marlborough Township, a 40-acre property known as Summer Duck Lane blends historic charm with thoughtful restoration, writes Laurel Anderson for County Lines Magazine. First registered in 1638 through a William Penn land grant, the land has deep local roots and was once part of the Pomeroy & Newark Railroad line. Owners Jon and…
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Great Valley School District Acquires Malvern Office Building for $7.5 Million
The board of Great Valley School District has authorized the $7.5 million purchase of an office building in Malvern, adjacent to the existing high school campus, writes Ryan Mulligan for the Philadelphia Business Journal. Known as the Westbrook Corporate Center, the nearly 190,000-square-foot building sits on 21.9 acres at 41 Moores Road. The price is a…
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Abrams Realty Unveils New Plans for Washington Square West Site, Promising ‘Coolest Building in Philadelphia’
Abrams Realty & Development has decided to scrap its previous plan to build a multifamily high-rise at the former Wendy’s site on Walnut Street and will start from scratch, writes Paul Schwedelson for the Philadelphia Business Journal. Instead of the previously envisioned 18-story, 198-unit building, the developer is now planning an 11-story, 75-unit building with…
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With Impending Closure of Valley Forge Military Academy, Questions Arise Over Future of Its 70-Acre Campus
With Valley Forge Military Academy closing at the end of the academic year, questions have arisen over its 70-acre campus, which could represent a real estate opportunity in one of the region’s most coveted locations, writes Ryan Mulligan for the Philadelphia Business Journal. The campus straddles Tredyffrin Township in Chester County and Radnor Township in…
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House of the Week: Grand Colonial in West Mount Airy
A grand colonial home on an attractive 0.93 acres with five bedrooms and five and a half bathrooms is available for sale in West Mount Airy. This stately residence blends early 20th-century charm with refined modern updates, with a perfect balance of historic architecture and contemporary comfort. Elegant details include Mercer tile fireplaces, curved staircases,…
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Collegeville’s Pfizer Campus Wins 75 Percent Tax Assessment Cut
The Bridge at Collegeville, one of Montco’s largest office campuses, just saw its tax burden shrink dramatically, writes Paul Schedelson for the Philadelphia Business Journal. After two rounds of appeals, the assessed value of the 340-acre site dropped by more than 75 percent. This cut the owners’ property tax bill from $7.8 million to $1.9…
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What $1,900 in Rent Gets You in Bala Cynwyd, Fishtown, and West Philly
With median rents in the Philadelphia region hovering around $1,900 a month, renters are asking what that budget can actually secure, writes Michaelle Bond for the Philadelphia Inquirer. A look at properties in Bala Cynwyd, Fishtown, and West Philadelphia shows a wide range of options that highlight the diversity of the local rental market. In…
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