Real Estate
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Large Phoenixville Apartment Complex Sells to New York Firm for $90 Million
A large Phoenixville apartment complex has been sold to an entity connected with New York financial services firm Cantor Fitzgerald for $90.3 million, writes Paul Schwedelson for the Philadelphia Business Journal. The seller of the 349-unit Riverworks complex was Pantzer Properties. The development is set on 30 acres located on the north side of French…
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House of the Week: Charming Bungalow in Fishtown
A charming bungalow home on a lovely 2,614-square-foot lot with three bedrooms and one and a half bathrooms is available for sale in Fishtown. This attractive residence exudes charm and is perfect for city dwellers who cherish green space. . . Perfectly nestled on a quiet tree-lined street, the home boasts highly-coveted gated parking. Highlights…
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Philadelphia Metro Ranks in Middle Among Best Places for Home Buyers
Philadelphia metro ranked in the middle of the pack among the best places for home buyers in Zillow’s new market heat index. Zillow’s new market heat index represents buyers’ urgency or sellers’ confidence in an area. It considers the share of homes that sell quickly, the share of homes that get a price cut, and…
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Home Ownership Among Single Mothers in Philly Region Higher Than Most Major Metros
Single mothers in the Philadelphia metro are more likely to own a home than in most other major metros in the country, writes Michaelle Bond for The Philadelphia Inquirer. According to LendingTree’s analysis of Census Bureau data, in 2022, around 43 percent of single mothers in the Philadelphia region owned their homes. This ranked Philadelphia…
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Pilot Program Helps Philadelphians Become First-Time Homeowners, Pay Off Student Debt
Since October, the Pennsylvania Housing Finance Agency has been testing the waters of a grant and loan program that helps aspiring homeowners with down payments and closing costs. However, the Revitalizing Neighborhoods and Increasing Homeownership pilot program sets itself apart by also helping with student loans, writes Michaelle Bond for The Philadelphia Inquirer. For people…
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A 572-Unit Logan Square High-Rise Apartment Is Going Up For Sale
NorthXNorthwest, a 572-unit, high-rise apartment development in Logan Square is going up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. The development features two towers and 16 townhouses with studios and one- and two-bedroom apartments. About 95% of the development is leased. The 17-story northwest tower was built in 1987 and has 286…
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House of the Week: Lovely Dutch in East Falls
A lovely Dutch home on an attractive lot with five bedrooms and two bathrooms is available for sale in East Falls. This beautiful and spacious residence has a lot to offer, including a ton of charm. . . The home is entered from a large side driveway into a spacious foyer. The living room features…
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Gen X Leads the Surge in Philadelphia Metro’s Millionaire Homeowners, Outpacing Boomers
The number of millionaire homeowners in the Philadelphia metro area is on the rise, with households that earn $1 million and more now being one of the fastest-growing income groups, according to a recently released study from Point2, an international real estate search website that covers industry trends and news. Nationwide, the number of households…
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While Prices Rise Nationwide, Luxury Home Prices in Philly Metro Are Dropping
The prices of luxury homes in the United States are higher than they have ever been, with the median-priced home selling for a record $1,225,000 in the first quarter, which is an increase of 8.7 percent from a year earlier, according to a recently released report from Redfin. Luxury home prices are growing primarily because…
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Villanova Property That Inspired ‘Philadelphia Story’ Available for $13.5M
A nearly 17-acre property in Villanova that inspired the 1940 movie “The Philadelphia Story” with Katharine Hepburn is on the market for $13.45 million, writes Ryan Mulligan for Philadelphia Business Journal. The property, referred to as “Albermarle,” has four buildings, including a refurbished stone clock tower. It was part of a much larger 800-acre, 75-building…
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House of the Week: Magnificent Colonial in Fox Chase
A magnificent colonial home set on 0.34 lovely acres with four bedrooms and three and a half bathrooms is available for sale in Fox Chase. This beautiful residence is a personal serene retreat nestled within the tranquil atmosphere of Pennypack Park. . . The property, which is approached along a private cul-de-sac, welcomes you with…
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RW Capital Sells Off Ridge Plaza Shopping Center in Royersford For $12.5 Million
RW Capital has sold the Ridge Plaza shopping center in Royersford to four buyers in separate transactions for nearly 60 percent more than it paid for it, writes Paul Schwedelson for the Philadelphia Business Journal. The real estate investment firm bought the plaza in 2015 for $7.9 million with plans to hold onto it for…
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New 85-Unit Apartment Building Proposed For Northeast Philadelphia
A three-story, 85-unit apartment building is likely coming to Northeast Philadelphia if Montgomery County developer, DePaul Group of Flourtown, has its way, writes Paul Schwedelson for the Philadelphia Business Journal. DePaul Group has proposed building the 105,691-square-foot apartment project on 7.5 acres of undeveloped land at 8400 Roosevelt Boulevard, next to a rehabilitation center on…
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Former Montgomery County Prison in Norristown Saved From Demolition
Montgomery County has taken a controversial proposal to demolish the former prison on Airy Street in Norristown off the table and will instead look for other purposes for the long-vacant landmark, writes Kevin Riordan for The Philadelphia Inquirer. The decision to save the imposing Gothic structure on one of the major streets in the county…
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Campbell Soup Heir’s Former Estate in Gladwyne To Sell At Auction
Linden Hill, the former home of Campbell Soup heirs for nearly 50 years, will be heading to auction in May, writes Lauren Peacock for Mansion Global. The French Norman-style stone mansion, which spans some 14,467 square feet and is accompanied by 26.3 acres, is being sold by Robert Burch, a venture capitalist. “We are really…
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Tesla Dealership Property in Warminster Listed for $19 Million
The property hosting Warminster’s Tesla dealership has been listed for sale at nearly $19 million, writes Ryan Mulligan for the Philadelphia Business Journal. The site is one of seven Tesla dealerships in the region and the first in Bucks County, having opened its doors to customers earlier this year. Owned by Drake Motor Partners PA,…
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House of the Week: Lovely Colonial in Greenhill Farms
A lovely colonial home with four bedrooms and three and a half bathrooms is available for sale in Greenhill Farms. This attractive residence is tucked away on a picturesque street and offers pristine curb appeal. It combines the calm, quiet, and the ample space of suburban living with the convenient location of the city and…
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House of the Week: Charming Split Level Home in Northeast Philadelphia
A charming split level home on 0.56 lovely acres with five bedrooms and three bathrooms is available for sale in Northeast Philadelphia. This attractive and recently renovated home boasts around 2,200 square feet of living space. The exterior features brand new concrete and stone work, which is highlighted by the new exterior lighting. . .…
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