Real Estate
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Luxury, French-Inspired Newtown Mansion Hits Market for $5.99M
A luxurious, French-inspired home built in 2010 with a resort-like pool area has recently hit the market in Newtown for $5.99 million, writes Ryan Mulligan for the Philadelphia Business Journal. The 10,500-square-foot residence, designed by Ralph C. Fey Architects and built by Zaveta Custom Homes, features six bedrooms and nine bathrooms. The home is tucked…
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PMC Property Group Closes In On Acquiring Ten Penn Center, Plans Conversion
PMC Property Group, the largest apartment owner in Philadelphia, has closed in on acquiring Ten Penn Center, write Ryan Mulligan and Paul Schwedelson for the Philadelphia Business Journal. The potential acquisition comes more than six months after the 27-story office building was placed on the market. At the time, the building was 60 percent occupied.…
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House of the Week: Charming A-Frame Home in Somerton
A charming A-frame home on a lovely 3,920-square-foot lot with four bedrooms and two and a half bathrooms is available for sale in Somerton. This impeccably maintained residence offers an inviting blend of comfort and sophistication. . . Noteworthy main level features include a welcoming living room with a seamless flow into the spacious dining…
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Fort Washington-Based Toll Brothers Promotes SVP Gregg Ziegler to CFO
Fort Washington-based Toll Brothers is promoting Gregg Ziegler, senior vice president of investor relations and treasurer, to chief financial officer, writes Paul Schwedelson for the Philadelphia Business Journal. Ziegler, who will succeed Marty Connor at the end of October, has been with the company for 23 years. Connor will remain with the company as a…
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Parkway Corp. Purchases Two Parking Lots Near Rittenhouse Square in $4M Deal
Philadelphia developer Parkway Corporation recently acquired two parking lots on Chestnut Street near Rittenhouse Square for $4 million, writes Paul Schwedelson for the Philadelphia Business Journal. The two parking lots total about 12,000 square feet. While Parkway Corp. doesn’t have any immediate plans for development on the sites, CEO Rob Zuritsky said the firm plans…
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Recently Built Home on the Coveted Delancey Place Hits Market for $4.6M
A rare opportunity awaits buyers on Philadelphia’s most coveted street as a newly built home on Delancey Place has recently hit the market for $4.6 million, writes Ryan Mulligan for the Philadelphia Business Journal. The four-level home totals almost 4,500 square feet. It features five bedrooms, seven bathrooms, and six outdoor spaces, including a large…
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Mayfair Diner, 93-Year-Old Holmesburg Staple, Goes Up for Sale
Mayfair Diner, which has served customers affordable and delicious food for nearly a century, was recently put up for sale, writes Alana Beltran for NBC10 Philadelphia. Opened in 1932, Mayfair Diner in Holmesburg is known for its classic 1950s-style dining for the whole family. However, with the diner now going up for sale, there is…
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Philadelphia’s Newfound Grows Through NAR Commission Shifts, Mergers, and Acquisitions
Philadelphia-based Newfound is leveraging recent National Association of Realtors commission changes to become an authority in a changing landscape, writes Ryan Mulligan for the Philadelphia Business Journal. Despite a slow housing market that is struggling with low inventory and transaction levels, the company has grown rapidly by capitalizing on NAR settlements and through mergers and…
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House of the Week: Lovely Colonial in Pine Valley
A lovely colonial home set on an attractive 0.42-acre lot with five bedrooms and three and a half bathrooms is available for sale in Pine Valley. This charming residence offers a thoughtfully expanded layout situated on a tranquil cul-de-sac, with an enormous mother-in-law suite addition and a detached two-car garage. Intricate details include original hardwood…
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Philadelphia Developer to Convert 150-Year-Old Shiloh Baptist Church Into 87 Apartments
The 150-year-old Shiloh Baptist Church, located in Graduate Hospital, is set to be converted into 87 residential units by TierView Development, writes Ryan Mulligan for the Philadelphia Business Journal. The Philadelphia developer would repurpose the five-building historic church at 2030-2050 Christian Street into an apartment complex. The central and oldest structure on the site is…
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A New 204-Unit Apartment Project is Likely Coming to West Philadelphia
A 204-unit multifamily development has been proposed in West Philadelphia near the 52nd Street commercial corridor and Market-Frankford Line, writes Paul Schwedelson for the Philadelphia Business Journal. The plan features two six-story buildings. One will have 171 apartments, including 16 studios, 149 one-bedroom apartments, and six two-bedroom apartments. The other will have 33 units, each…
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Redevelopment of Former Levittown School Could Bring 89 Residential Units
The ten-acre former site of Abraham Lincoln Elementary School in Levittown could soon be developed into 89 age-qualified residential units, writes Lacey Latch for the Bucks County Courier Times. Bristol Township’s planning commission has already recommended approval of the developer’s plan for a combination of senior apartments and senior flats. Three months on, the project…
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Aronimink Golf Club Mansion for Sale Ahead of PGA Tournament
A 2-acre Aronimink Golf Club mansion in Newtown Square is for sale at $2.899 million, just in time for the 2026 PGA Tournament. The 10,000 square-foot home sits just off the 4th hole fairway of the Donald Ross-designed course, writes Ryan Mulligan for the Philadelphia Business Journal. Aronimink is hosting the 2026 PGA Championship in…
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Philadelphia-Based Post Brothers Eyeing Conversion Opportunities Back Home
With two major conversion projects underway in Washington, D.C., Philadelphia-based Post Brothers is eyeing similar opportunities back home, writes Ryan Mulligan for the Philadelphia Business Journal. The developer is working to create 1,000 apartments across two major projects in the nation’s capital that convert former office space. In Philadelphia, others are already pursuing similar efforts,…
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Chester County Home to Nine of Pennsylvania’s 25 Most Expensive Housing Markets
Chester County is home to nine towns that are ranked among the most expensive places to buy a home in Pennsylvania, according to a recently released ranking by Stacker. To compile the list, Stacker used data from Zillow. Places are ranked based on the Zillow Home Values Index for all homes as of May 2025. …
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Luxury Townhome Project in Doylestown Moves Closer to Final Approval
A plan that has been in the works since 2021 to bring 23 luxury homes to Doylestown is moving closer to final approval, writes Lacey Latch for the Bucks County Courier Times. Warminster-based County Builders presented their project to the planning commission earlier this week, seeking final plan approval. However, they left with several suggestions…
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Rittenhouse Penthouse Hits Market at $8.5M, Could Set Philadelphia Resale Record
Recently listed at $8.5 million, a nearly full-floor penthouse in the 10 Rittenhouse residential tower could become Philadelphia’s most expensive condo resale if it sells for the asking price, writes Ryan Mulligan for the Philadelphia Business Journal. The 5,400-square-foot, four-bedroom, four-bathroom unit was purchased as raw space in 2010 by Sabrina Tamburino Thorne and Stephen…
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Financing from Firstrust Bank Fuels Ambitious Riverfront Vision at Conshohocken’s River Place
River Place, a 62-unit townhouse community taking shape along the Schuylkill River in Conshohocken, is transforming a previously underused stretch of Washington Street. And nearby Firstrust Bank, with its headquarters just a stone’s throw away, has been instrumental in making it happen. Firstrust provided the construction financing for the project, continuing a relationship with the…
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