Real Estate
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Avenue of the Arts Parking Garage With Ground-Floor Retail Space Goes Up for Sale
Green Courte Partners has listed the 668-space, 10-story Avenue of the Arts parking garage at 1501 Spruce Street onto the market, writes Paul Schwedelson for the Philadelphia Business Journal. According to Bruer Kershner of CBRE, the parking garage could sell for more than $45 million. “Parking demand is increasing in the city coming out of…
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Pat Burrell’s Former Center City Penthouse Sells For Well-Under Original Asking Price, Two Years Later
The Center City penthouse that former Philadelphia Phillies star Pat Burrell previously owned has been sold to a local Philadelphia couple for $2.65 million. It sold for about 38 percent less than the original asking price of nearly $4.3 million, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale brings an end to…
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House of the Week: Charming Split Foyer Home in Society Hill
A charming split foyer home on a 1,307-square-foot lot with two bedrooms and three bathrooms is available for sale in Society Hill. This striking residence was commissioned in 1960 for Nancy Grace and designed by the celebrated Philadelphia firm Stonorov & Haws. It stands as a celebrated mid-century modern landmark that has been thoughtfully designed…
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Developers Are Descending on Rare Open Space in Upper Darby
Open space in the area of Township Line and State roads in Upper Darby has become a lightning rod for developers. The latest proposal is a car wash near the intersection on three undeveloped acres known as the Mozino property, writes Pete Bannan for the Daily Times. It would sit next to and behind the…
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Comcast CEO Brian Roberts Sells Beverly Hills Mansion for $20.1M in Off-Market Deal
Comcast chairman and CEO Brian Roberts sold his Beverly Hills, California, property in an off-market deal to art collectors Bill and Maria Bell for $20.1 million, writes E.B. Solomont for The Wall Street Journal. The buyers recently sold their Malibu mansion for around $200 million to Beyoncé and Jay-Z. Roberts and his wife, Aileen, bought…
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Redevelopment of Exton Mall Among Mixed-Use Projects Reshaping Philadelphia Suburbs
The redevelopment of the Exton Square Mall by Abrams Realty & Development is among the growing number of projects reshaping Philadelphia’s suburbs, writes Paul Schwedelson for the Philadelphia Business Journal. The 75-acre property was originally owned by PREIT, which sold a smaller section of it to Hanover, leading to the development of a 350-unit apartment…
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House of the Week: Extraordinary Contemporary Home in Bustleton
An extraordinary contemporary home on a lovely 0.79-acre lot with seven bedrooms and six full and two half bathrooms is available for sale in Bustleton. This stunning residence radiates sophistication and modern elegance throughout. Exquisite details include gleaming hardwood floors, tray ceilings, recessed lighting, and custom trim work that enhance every space. . . Among…
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George Washington’s Former Headquarters in Fort Washington Hits Market for $3.295M
A historic home in Fort Washington that was George Washington’s headquarters during the Revolutionary War has hit the market for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. The residence, named Emlen House after the Quaker family that built it in 1717, spans almost 8,000 square feet and has recently undergone extensive renovations.…
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Fort Washington’s Toll Brothers Exits Apartment Business in $347M Deal
Toll Brothers is stepping away from the apartment business to concentrate on what it does best, writes Joseph N. DiStefano for the Philadelphia Inquirer. The Fort Washington company is focusing all its attention on single-family homebuilding. The company announced the sale of its Toll Brothers Apartment Living unit, including 18 apartment complexes and 29 development…
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Audacy to Sublease Nearly Half Of Its Philadelphia Headquarters in Center City
Audacy and a listing from real estate brokerage firm Binswanger, has confirmed that it is subletting up to 48 percent of its headquarters, writes Jeff Blumenthal for the Philadelphia Business Journal. The percentage equates to up to 32,400 square feet of Audacy’s fourth floor space. Its lease on the space is set to expire on…
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Belmont Neighborhood Educational Alliance Purchases University of the Sciences Campus from St. Joseph’s
Belmont Neighborhood Educational Alliance, led by Michael Karp, has acquired 15 former University of the Sciences buildings from St. Joseph’s University, writes Jake Blumgart for The Philadelphia Inquirer. Belmont, which already owns student housing in the area, operates a charter school network in Philadelphia. The buyer “has intentions for the property that align with our…
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New York Developer Acquires Vacant Rittenhouse Square Apartment Tower for $7.7 Million
The long-vacant, 17-story apartment tower at the corner of 16th and Spruce streets was recently acquired by New York-based developer, Zoria Housing, write Jake Blumgart and Ryan W. Briggs for The Philadelphia Inquirer. Years ago, Main Line-based real estate investor Dovid Daniel had a failed redevelopment project for the building, leaving it vacant ever since.…
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House of the Week: Gorgeous Church-Turned-Home in Fishtown
A gorgeous church-turned-multifamily home with four bedrooms and four full and two half bathrooms is available for sale in Fishtown. This striking historic residence, built between 1845-1860, originally housed the Siloam Methodist Church. As a result, it offers a unique blend of iconic architecture along with modern updates, that provide extraordinary space and versatility. .…
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Eleven Bucks County ZIP Codes Rank Among Wealthiest in Philadelphia Region
Eleven Bucks County ZIP codes made the list of the wealthiest ZIP codes in Greater Philadelphia, writes Todd Romero for the Philadelphia Business Journal. Richboro (18954) ranks highest in Bucks County at No. 60, with a per capita income of $80,067 and typical home values of $697,943. Next is Levittown (19056) at No. 65, with…
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Fort Washington’s Toll Brothers Buys Former Golf Course Site in Florida for $19.5M
Fort Washington-based Toll Brothers recently paid $19.5 million for a development site on a former golf course in Florida to build a luxury home community, writes Brian Bandell for the Philadelphia Business Journal. The seller of the 20.9-acre site was the city of Parkland. According to the deed included in the sales agreement, the luxury…
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Innovate Real Estate Enters Pennsylvania Market, Adds New Doylestown Office
Innovate Real Estate expands in Pennsylvania with a new Doylestown office, led by The Cleland Team, a local real estate group that has extensive experience and strong community ties, writes Jeff Werner for the Patch. According to Jeff Casterline, founder and CEO of Innovate Real Estate, The Cleland Team, recently recognized by RealTrends as one…
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Philadelphia Among Housing Markets With Largest Annual Value Gains Nationwide
The Philadelphia housing market ranks among those that have the largest annual gains nationwide as of June 2025, writes Treh Manhertz for Zillow. The total value of housing in the nation increased to $55.1 trillion in June, a record high and a sharp gain of $20 trillion since before the pandemic. Approximately 12.5 percent of…
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This Chesco Town Tops List of 20 Best Suburbs to Live in 2025
Chesterbrook has come out on top as the best suburb to live in 2025 if you want to escape the city, writes Kristine Villarroel for Business Insider. Niche ranked the best suburbs based on a variety of factors, including cost of living, crime rates, employment rates, access to bars and restaurants, commute times, and ethnic…
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