Real Estate
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Why Center City Offices Are Emptying and What Can Be Done to Fix It
Many Center City office buildings have been sitting empty over the past five years, but COVID-19 is not the only culprit for this reality, writes Allan Domb for Philadelphia Magazine. Decades of business-unfriendly tax policies have driven businesses and workers away. The latest statistics show from Center City’s 43.4 million square feet of office space,…
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House of the Week: Gorgeous French Victorian in East Oak Lane
A gorgeous French Victorian home set on a lovely 6,421-square-foot lot with seven bedrooms and four bathrooms is available for sale in East Oak Lane. This delightful residence blends old-world charm with modern sophistication in a vibrant setting. Thoughtful details include pumpkin-hued original pine flooring, artisan-built glass cabinetry, and a beautiful carved newel post. .…
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Upper Darby School District Could Buy Closed Delaware County Hospital
Upper Darby School District is considering buying the now-closed Delaware County Memorial Hospital building for $2 million, according to a court filing in the Prospect Medical Holdings bankruptcy. The hospital building, closed since November 2022, is next to Upper Darby High School on Lansdowne Avenue and could allow the district to expand its facilities, writes…
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Local Developer Proposes New 160-Unit Apartment Complex in Southwest Philadelphia
West Philadelphia developer Haverford Square Properties has presented a proposal for a new 160-unit apartment complex in Southwest Philadelphia, writes Jake Blumgart for The Philadelphia Inquirer. While the majority of the units along Chester Avenue would be two new apartment buildings, but the stone building that previously housed the St. Divine Mercy School would host…
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Philadelphia’s Rental Affordability Drops, But Remains More Affordable Than Other Big Cities
While Philadelphia remains among the more affordable big cities, it’s been gaining ground for becoming increasingly expensive for average renters, writes Aaron Moselle for WHYY. According to a January report from Redfin, the median monthly rent for a typical apartment in the Philadelphia metro area was $1,865 during Q4 of 2024. Researchers found that an…
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Divine Lorraine’s New Owners Eye Converting Hotel Back to Historic Roots As Apartment Complex
Over its more than 130-year history, the Divine Lorraine building on North Broad Street near Fairmount Avenue has served many purposes. Its history includes being used as a hotel, affordable housing for the Divine Peace Mission Movement, renovated into apartments, and most recently as an extended-stay hotel since May 2022. This all occurred in the…
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House of the Week: Magnificent Contemporary in Chestnut Hill
A magnificent contemporary home set on 0.93 lovely acres with four bedrooms and five full and two half bathrooms is available for sale in Chestnut Hill. This stunning residence offers unparalleled luxury, with custom-crafted interior finishes that can be tailored to suit your preferences. Automatic smart gates, a paver driveway, and the grand arched portico…
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Upper Darby Considers the Fate of Now-Closed Tower Theater
The Tower Theater, once host to world-famous performers, has been closed since 2022. Now Upper Darby is contemplating what should come next for the historic theater, writes Pete Bannan for the Daily Times. The Tower opened as a movie house and vaudeville theater in the 1920s. A fire closed it in the early 1970s, but…
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Philly Millennials Have Reached Home-Buying Age, But Many Are Stuck Renting Due to Two Big Reasons
Despite having reached home-buying age, high interest rates and low inventory are forcing many millennials to continue renting, writes Sandy Smith for Philadelphia Magazine. Zillow recently analyzed American Community Survey data, reveals that the median age of renters nationwide has increased by nine years in the last three years, from 33 in 2021 to 42…
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House of the Week: Lovely Stone Cape Cod in Castor Gardens
A lovely stone Cape Cod home set on an attractive 8,250-square-foot lot with four bedrooms and three bathrooms is available for sale in Castor Gardens. This charming residence offers an ideal blend of comfort and elegance. Highlights include a large living room with a cozy fireplace, two main-level bedrooms, a bright dining room that offers…
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Philadelphia-Based Company’s App Helps Renters Achieve Their Dream of Becoming Homeowners
Philadelphia-based company Nido partners with landlords, such as the HOW Group, to help renters become homeowners, writes Courtney DuChene for The Philadelphia Citizen. Nido assists landlords in allocating five percent of a tenant’s monthly rent into a home savings account. The organization’s app also helps renters read relevant articles and to find resources that help…
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Duffield House Holdings Buys West Philadelphia Apartment Building for $38M
The Duffield House Apartments in West Philadelphia were recently sold to Duffield House Holdings, linked to Premier Properties of Lakewood, New Jersey, for $38.35 million, writes Ryan Mulligan for the Philadelphia Business Journal. The apartment building, previously owned by Blue Bell-based Depaul Group, was constructed in 1965 and recently assessed at $37.1 million, according to…
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Philadelphia Ranks Middle of the Pack for What $2K Rent Gets You
Philadelphia ranks towards the middle among the nation’s largest metro areas for the estimated square footage that you can get for $2,000 in rent, write Sami Sparber and Isaac Avilucea for AXIOS Philadelphia. In the City of Brotherly Love, $2,000 in monthly rent gets you a 935-square-foot apartment, which is below the national average of…
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House of the Week: Attractive Palatial in Greenhill Farms
An attractive palatial home with four bedrooms and 3.5 bathrooms is available for sale in the desirable Greenhill Farms area for $500,000. This inviting residence is a features a well-designed living space with large windows and abundant space for entertainment. The vaulted ceilings and screened-in balcony are just some of the many beautiful details throughout…
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Stunning Equestrian Estate Hits Market in Furlong
Located in the heart of historic Bucks County in Furlong, Fieldstone Farm is a stunning equestrian estate that seamlessly combines 18th-century craftsmanship with modern luxury, writes B&B Luxury Properties. This remarkable property that was built in 1747, is set on more than 100 gorgeous acres, and has recently hit the market for $5,795,000. The farm…
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House of the Week: Lovely Modern Farmhouse in Bustleton
A lovely modern farmhouse set on 0.51 attractive acres with four bedrooms and three and a half bathrooms is available for sale in Bustleton. This stunning residence perfectly blends modern elegance with thoughtful functionality and features exquisite details such as stately hardwood flooring, bespoke century cabinetry, and elegant progress lighting fixtures. These help to create…
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One of Manayunk’s Few Remaining Developable Main Street Sites Goes on the Market
A Main Street site in Manayunk that is one of its few remaining developable sites has gone onto the market, writes Ryan Mulligan for the Philadelphia Business Journal. Plans have already been approved to construct 181 luxury waterfront apartments at the site on “Venice Island” that sits between the Manayunk Canal and the Schuylkill River.…
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House of the Week: Beautiful Three-Unit Traditional in Cedar Park
A beautiful three-unit traditional home with six bedrooms and three full bathrooms is available for sale in Cedar Park. This charming corner property with a coveted garage is ideal for owner-occupants looking for a long-term investment. . . Original pine floors, decorative fireplaces, and leaded glass windows are just some of the many thoughtful details…
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