Real Estate
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Bill Gates-Founded Nuclear Company to Build $450 Million Cancer Treatment Plant in Bellwether District
TerraPower Isotopes, part of a nuclear power company founded by Bill Gates, will invest $450 million in a Bellwether District plant that will produce radioactive molecules for cancer research and treatments, writes Harold Brubaker for The Philadelphia Inquirer. As part of the Bellwether District development, HRP Group will build a 250,000-square-foot facility on the former…
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Demand Outpaces Supply as Center City Apartment Vacancy Falls
Apartment vacancy in Center City continues to decline even as developers accelerate conversions of distressed office towers into hundreds of new residential units, writes Paul Schwedelson for the Philadelphia Business Journal. “There’s certainly tremendous amount of demand for people to live here in Center City,” said Alterra Property Group Principal Connor Burke. “We’ve seen that…
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Check Out These Towns That Offer the Most Expensive Homes in Chester County
A new ranking from Stacker has compiled a list of cities in Pennsylvania with the most expensive homes, and Chester County towns are among some of the priciest. To determine the rankings, Stacker used data from Zillow. They are ranked by the Zillow Home Values Index as of March 2026. At the top of the…
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House of the Week: Fully Renovated, Sun-Drenched Gem in West Mount Airy
A sun-drenched corner three story residence in the glorious neighborhood of West Mount Airy is on sale for $1,700,000. This lovely home features eight bedrooms and six full bathrooms, along with a clean and well-organized basement, tool shed, and spacious new private parking. . . Fully renovated in 2020, the residence’s highlights include an expansive…
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Sale of Flats at Lansdale Tops Regional Averages, Signals Strong Demand
A major apartment complex in Lansdale has changed hands, underscoring the strength of Montgomery County’s rental market, writes Paul Schwedelson for The Philadelphia Business Journal. New York-based DRA Advisors has acquired Flats at Lansdale, a 180-unit community located along Towamencin Avenue, for $58 million. The purchase marks the firm’s first multifamily investment in Pennsylvania. The…
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Stone-Clad Berwyn Estate with Fireplaces and Home Theater Hits Market
A stone-clad seven-bedroom, 10-bathroom estate in Berwyn, set on 12 acres and topped with a burnt red roof, has recently hit the market for $6.25 million, writes Ryan Mulligan for the Philadelphia Business Journal. Built as a speculative home in 2007, the 11,600-square-foot house offers a range of outdoor living spaces, including a pool and outdoor…
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Local Real Estate Developer In Line to Acquire Recently-Shuttered McGlinchey’s Bar
McGlinchey’s Bar in Center City, which closed last summer after a decades-long run, could soon be under new ownership in Philadelphia real estate developer Alterra Property Group, writes Michael Tanenbaum for PhillyVoice. The three-story property was listed for sale for $2.45 million back in January 2026. There is currently a liquor license posted on its…
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Greater Philadelphia Will Be Among Hottest Housing Markets for 2026, Zillow Predicts
Greater Philadelphia ranks in the top ten hottest housing markets for 2026, according to Zillow’s recently released annual forecast, writes Ryan Mulligan for the Philadelphia Business Journal. The analysis evaluates the nation’s 50 most populous metro areas using an index based on projected home value appreciation, time homes spent on the market last year, the…
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Yolanda Hadid’s New Hope Farm Re-Lists for $10.88M After Sale Fell Through
Yolanda Hadid has relisted her New Hope lavender farm on the market after a previous deal fell through for the same $10.88 million asking price, reports Mary K. Jacob for the New York Post. The 32-acre property, which initially hit the market last September, dates back to 1682 and was purchased by the Real Housewives of Beverly Hills star in 2017 for $4 million. Hadid announced the re-listing…
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House of the Week: Grand Estate That Blends Historic Charm With Modern Luxury in Chestnut Hill
Tucked along one of Chestnut Hill’s most prestigious, tree-lined streets, a stately residence on Saint Martins Lane that delivers a rare mix of historic elegance and contemporary living is up for sale for $3,795,000. Set on 1.3 acres, the home offers features six bedrooms and 5.5 bathrooms. Inside, a sun-filled, expanded kitchen anchors the home,…
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Bala Cynwyd’s City Avenue Transformation Continues with The Blayr
The Blayr, a 217-unit apartment building at the former Lord & Taylor location, has officially opened, bringing new residents and retail space to Bala Cynwyd, according to Denali Sagner for The Philadelphia Inquirer. The Federal Realty project adds not only housing but nearly 19,000 square feet of ground-floor retail. Amenities include a pool, golf simulator,…
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Thena Hotel in Center City Goes Up for Sale
Thena Hotel, a boutique property in Center City, has been put up for sale with an asking price listed at $2.62 million, writes Emma Dooling for the Philadelphia Business Journal. Currently owned by RTE Properties, this is the first time the hotel has been put up for sale since the Philadelphia-based firm acquired it for…
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House of the Week: Renovated Graduate Hospital Townhome with Roof Deck and Private Parking
Tucked along a quiet, low-traffic block in Graduate Hospital, a thoughtfully renovated rowhome that blends classic Philadelphia character with modern upgrades designed for city living is on sale for $1,249,900. . . Spanning 2,441 square feet, the four-bedroom, 2.5-bath property offers an open, airy layout complemented by wide-plank European White Oak hardwood floors, high-end finishes,…
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Bucks County 150,000-Square-Foot Shopping Center Listed for Sale
Yardley’s Prickett Preserve shopping center, anchored by Wegmans, has been put on the market, writes Paul Schwedelson for the Philadelphia Business Journal. According to JLL’s listing, the shopping center spans nearly 150,000 square feet and was completed two years ago, and is 98 percent occupied. Wayne’s Envision Land Use and Langhorne’s DeLuca Homes collaborated to develop the shopping center. While they initially…
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Chesterbrook Campus Leases Office Building to New Tenant with International Connections
Rubenstein Partners’ Chesterbrook office campus has scored a new tenant for the 41,700 square foot building at 965 Chesterbrook Blvd: equipment insurance provider HSB, writes Noah Zucker for BisNow. Currently based in Wayne, Hartford Steam Boiler, otherwise called HSB, is subsidiary of German firm Munich Reinsurance Co. The move to Chesterbrook is a relocation of services.…
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Folks Are Lining Up These Days to Buy Homes Along the Main Line
There are bidding wars for Main Line homes currently selling well above their asking price, writes Ryan Mulligan for the Philadelphia Business Journal. The prestige of living on the Main Line is causing a gold rush mentality for people hoping to buy property there. Realtor Karen Strid listed a Radnor home on Tuesday as a…
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Philadelphia Housing Authority Purchases Olde Kensington Development in $49.1M Deal
Philadelphia Housing Authority has acquired a recently completed 200-unit development in Olde Kensington as part of its push to purchase several multifamily properties, writes Paul Schwedelson for the Philadelphia Business Journal. PHA paid $49.1 million for the Avenue V development, which was completed by Philadelphia-based Riverwards Group back in January 2026. “They gave us a…
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Girard Avenue Shopping Center Owner Brings On Philly Fitness As Newest Anchor Tenant
Abrams Realty & Development, the owner of a Girard Avenue shopping center, has brought on Philly Fitness as its new anchor tenant, writes Paul Schwedelson for the Philadelphia Business Journal. Scheduled to open in early May, this will be Philly Fitness’ fourth location and will span 23,000 square feet. The neighborhood gym is going to…
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