Real Estate
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New Yorkers Lead a Sharp Rise in Out-Of-Town Rental Demand For Philadelphia Properties
Philadelphia-area apartments are experiencing a surge in interest from out-of-town renters, fueled largely by newcomers who are relocating from New York, writes Ryan Mulligan for the Philadelphia Business Journal. During the third quarter of 2025, Philadelphia apartment listings saw greater traffic from out-of-region renters than from local residents, a trend that represents a significant shift…
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Historic Fullam House in Newtown Hits Zillow Gone Wild at $5.85 Million
The Paul Rudolph-designed Fullam House in Newtown is drawing fresh national attention after appearing on a popular real estate platform, according to Zillow Gone Wild. Set into a wooded hillside in Wrightstown Township, the home was designed in 1959 for federal judge John P. Fullam and his wife, Alice. The project marks one of Paul…
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Former Sixers Owner’s Huntingdon Valley Estate Returns to Market for $3.9M
A sprawling Huntingdon Valley estate once owned by former Philadelphia 76ers owner Harold Katz is back on the market, writes Ryan Mulligan for The Philadelphia Business Journal. The property’s massive private sports complex is once again drawing attention across the region. The nearly seven-acre Montgomery County property recently re-entered the market for $3.9 million, just…
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Chubb’s New $380 Million Center City Office Tower Is Redefining the Future of Office Work
Chubb’s new 348,000-square-foot tower at 2000 Arch Street represents more than just a new headquarters, but rather offers a glimpse into the future of Philadelphia’s office market and Center City development, writes Paul Schwedelson for the Philadelphia Business Journal. The 18-story, LEED Platinum-certified tower is part of a roughly $380 million investment that will bring…
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Tastykake’s Navy Yard Headquarters Sold to Salt Lake City-Based Investment Firm in $87M Deal
Tastykake’s headquarters at the Philadelphia Navy Yard has been sold to Salt Lake City-based Bridge Investment Group, writes Paul Schwedelson for the Philadelphia Business Journal. Prologis, the logistics real estate firm that had owned the 345,500-square-foot property since 2020 after a merger with Liberty Property Trust, sold the building in a $87 million deal. The…
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House of the Week: $5.4M Queen Village Mansion Brings Resort-Style Living to Philadelphia
Located in the heart of Philadelphia’s coveted Queen Village neighborhood, 119 Catharine Street is the kind of property that feels more like a private estate than a city home. Listed for $5.4 million, the sprawling residence offers seven bedrooms, eight bathrooms, and roughly 11,000 square feet of living space. . . The home blends luxury…
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Temple University Acquires Decades-Old Jazz Club As Part of North Philadelphia Expansion Plans
As part of its plans to further its expansion across North Philadelphia, Temple University recently acquired New Barber’s Hall, writes Ryan Mulligan for the Philadelphia Business Journal. While Temple is the new owner of the 46-year-old jazz club and bar, it will continue to operate until its owner, Jake Adams, retires some time in the…
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122-Year-Old ‘Ravenscliff’ Mansion in Wayne Lists For Millions
In Wayne, a 122-year-old mansion deemed Ravenscliff is on the market for $11.875 million. With only two previous owners, who will be the third to grace the halls of this expansive property? Jonathan Diamond has the details at the Philadelphia Business Journal. It was originally built on a 126 acres in 1904 for railroad magnate…
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How Fort Washington’s Toll Brothers Is Thriving in a Tough Housing Market
Fort Washington’s Toll Brothers found the sweet spot in a tough housing market, writes Ryan Mulligan for The Philadelphia Business Journal. As new home sales slow nationally, major homebuilders are pivoting toward active adult communities. Toll Brothers is leading the charge through its Regency brand. Regency communities are built around lifestyle. Clubhouses, pickleball courts, fitness…
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Philadelphia’s Largest Office Property to Go Up For Sale, Conversion Likely to Follow
Centre Square, the largest office property in Philadelphia, will soon go up for sale two years after it was foreclosed, writes Noah Zucker for BisNow. After the building at 1500 Market Street was foreclosed in the aftermath of the crowdfunding scandal involving Nightingale Properties CEO Elie Schwartz, CBRE became the court-appointed owner. According to Green…
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Historic Witherspoon Building in Center City to Become 186-Unit Apartment Complex
After serving as Presbyterian Church offices and later as short-term rentals, the historic Witherspoon Building in Center City is being turned into a 186-unit apartment complex, writes Jake Blumgart for The Philadelphia Inquirer. SSH Real Estate, which owns the 11-story building that dates back to 1896, decided to discontinue short-term rentals after hospitality operator Sonder…
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High-Profile Real Estate Developer to Acquire Franklin Mall, Major Redevelopment Planned
Months after being placed on the market, Franklin Mall in Northeast Philadelphia will soon be acquired, writes Paul Schwedelson for the Philadelphia Business Journal. Dean Adler, the high-profile real estate developer is currently under contract to acquire the sprawling mall property and is planning a major transformation project for it. More specifically, Adler plans to…
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New York Developer Plans 620-Unit Apartment Tower Along Delaware River
Brevet Capital is planning a 36-story apartment tower along the Delaware River in Philadelphia, writes Paul Schwedelson for the Philadelphia Business Journal. The New York developer submitted plans to the Philadelphia Civic Design Review Committee to construct a 620-unit, 383-foot-tall tower at 1341 S. Christopher Columbus Boulevard, including 10,150 square feet of ground-floor retail space.…
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Developers Bet Big on Horsham With Major Luxury Apartment Community
After years of planning, a major luxury apartment project is finally moving forward in Horsham Township, writes Paul Schwedelson for The Philadelphia Business Journal. Developers are breaking ground on AVE Horsham. The 274-unit apartment community is planned for the former Telerx call center site at 723 Dresher Road. The project is being developed through a…
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Lindsey Scannapieco Successfully Transformed the Bok Building, She’s Now Eyeing Broad Street
Within two years of acquiring the Bok Building in 2015, developer Lindsey Scannapieco had a moment when she overheard a group of people raving about her work transforming the shuttered high school. The former South Philadelphia high school is now a collaborative workspace for several local artists, makers, small businesses, and nonprofits with a rooftop…
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House of the Week: A Historic Society Hill Gem With Modern Luxury
Tucked along a picturesque block in Society Hill, 642 Pine Street blends historic Philadelphia charm with thoughtful modern upgrades. This beautifully updated residence, which is available for $1,295,000, offers four spacious bedrooms, 2.5 bathrooms, and a flexible lofted den space ideal for a home office, playroom, or private retreat. . . Inside, rich hardwood floors,…
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Alex Fraser Lists New Hope Estate for $3.25 Million as His Bucks County Playhouse Tenure Nears Its End
Tony Award-winning producer Alex Fraser and his husband Peter Maloney have listed their New Hope home for sale, according to the Philadelphia Business Journal. The restored 1700s-era estate is priced at approximately $3.25 million, a fitting bookend to one of the most unlikely success stories in Bucks County history. When Fraser arrived in New Hope…
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Overbrook Home Previously Owned by Muhammad Ali, Kobe Bryant’s Grandparents Goes Up for Sale
A home in the Overbrook neighborhood that has ties to two of the world’s greatest athletes — Muhammad Ali and Kobe Bryant — is looking for a new buyer, writes Ryan Mulligan for the Philadelphia Business Journal. Ali first purchased the home for about $70,000 in 1970 and used it as a personal retreat and…
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