Real Estate
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Scarcity and Celebrity Influx Send Value of New Hope Riverfront Homes Skyrocketing
Prices for riverfront homes in New Hope have surged in recent years, driven by limited inventory and a growing influx of celebrities to the charming Bucks County town, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale of a Delaware River property for $9.5 million highlighted the durability of higher home prices in…
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Brandywine Realty Obtains Record $87M Refinancing Loan for University City Life Sciences Tower
Brandywine Realty Trust recently obtained an $87.3 million in C-PACE financing for the life sciences building at 3151 Market Street in University City, writes Paul Schwedelson for the Philadelphia Business Journal. This is the largest loan of its kind in the history of Pennsylvania. The C-PACE loan was founded by Connecticut-based Nuveen Green Capital and…
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House of the Week: Lovely Contemporary in Chestnut Hill
A lovely contemporary home set on an attractive acre with four bedrooms and five and a half bathrooms is available for sale in Chestnut Hill. This refined residence blends contemporary style with timeless appeal, creating a comfortable yet elevated living experience. Thoughtful details include expansive window walls, marble finishes, architectural cabinetry, and integrated built-ins that…
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Toll Brothers Joint Venture Sells Apartment Building Outside of Boston for $131M
A joint venture between Fort Washington-based Toll Brothers and an affiliate of The Carlyle Group has sold an apartment building outside of Boston for $131 million, writes Grant Welker for the Philadelphia Business Journal. Pantzer Properties, a New York real estate investment firm, bought the 289-unit property located roughly 15 miles from downtown Boston. The…
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Limerick Land Swap Would Bring State Game Land to Edgmont
A developer’s proposal to the Pennsylvania Game Commission could give Delaware County its first swatch of Pennsylvania Game Land, writes Frank Kummer for The Philadelphia Inquirer. Game Lands are managed areas for hunting, hiking, fishing, and wildlife conservation. Limerick Town Center LLC, a warehouse developer, has proposed trading 559 acres of land across three counties,…
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Swiss Investment Company Acquires Rittenhouse Square Building for $5.23M, Conversion Possible
MZP AG, a Switzerland-based investment company has purchased a Rittenhouse Square building in a $5.23 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. The six-story building at 1619 Walnut Street is mostly-vacant and saw a 70 percent decline in its sale compared to the $19.2 million New York-based Nuveen Real Estate paid in…
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Investor Interest Grows as 310-Unit Montco Complex Goes for Sale
A sizable Montco apartment community in Eagleville is hitting the market, writes Paul Schwedelson for The Philadelphia Business Journal. Riverview Landing at Valley Forge, a 310-unit property, has been listed for sale as a value-add opportunity. The 21-year-old complex sits just north of the Schuylkill River and minutes from King of Prussia, placing it close…
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Philadelphia Housing Authority, Housing Unions Reach $100M Deal To Transform Brith Sholom House
The Philadelphia Housing Authority has reached an agreement with unions representing housing workers to rebuild the decaying Brith Sholom House in Wynnefield Heights, writes Tom MacDonald for WHYY. Severe disrepair under its former owners ultimately forced the closure of the 340-unit senior living building in November 2024. At the time, roughly 100 residents were living…
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House of the Week: Lovely Colonial in Roxborough
A lovely colonial home set on 0.76 attractive acres with five bedrooms and four bathrooms is available for sale in Roxborough. This tranquil residence is part of an intimate, nature-focused enclave designed to balance modern comfort with a peaceful setting. Thoughtful details include refined finishes, careful craftsmanship, and an overall design approach that emphasizes quality,…
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Netflix House Becomes the Star Tenant in King of Prussia Mall Sale
One of the most talked-about new attractions at King of Prussia Mall is now doubling as a real-estate selling point, writes Linda Moss for CoStar. The former Lord & Taylor building that now houses the nation’s first Netflix House has been listed for sale. This comes just months after the experiential venue debuted. The 120,000-square-foot…
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Mount Vernon-Inspired Sellersville Estate Prepares to Hit the Market for $3.3M
A Mount Vernon-inspired estate in Sellersville, set on 35 acres and recently updated through a multimillion-dollar renovation, has been listed for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. Built in 1987, the 6,137-square-foot home is flanked by two stone barn-like structures, one with a full bar and loft with the other currently…
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Center City Office Building Heads to Open Market As Foreclosure Process Nears End
The 1700 Market Street office building in Center City is being placed on the market as its yearslong foreclosure process nears its end, writes Paul Schwedelson for the Philadelphia Business Journal. Cushman & Wakefield, the receiver for the Center City building, is responsible for marketing and selling the 32-story property that is currently owned by…
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Yolanda Hadid Withdraws Her “Sanctuary” Farm in New Hope from Market
Three months after listing her “sanctuary” for sale, Yolanda Hadid decided to withdraw the $10.88 million New Hope farm from the market, writes Kelsi Karruli for Realtor.com. In September, the former Real Housewives of Beverly Hills star said that she was prepared to move on from her New Hope home, where she had lived for…
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Former Exton Office Building Converted into 32-Unit Apartment Building
A vacant office building in Exton has been redeveloped into a suburban rarity, an apartment building with 24 studio units and eight single-bedroom apartments, writes Joseph N. DiStefano for The Philadelphia Inquirer. Ownership of the building rests with a group led by local real estate lawyer David McFadden, broker John McGee, and investment partner Chiu Bai. The group hopes…
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Dock Mennonite Makes $1.5M Land Play in Montgomery County
A longtime Montco private school is expanding its footprint with a notable land purchase in Hatfield, writes Ryan Mulligan for The Philadelphia Business Journal. Dock Mennonite Academy has acquired a neighboring 4.5-acre farm property at 1850 Tomlinson Road in Hatfield for $1.53 million, giving the school additional room to grow while preserving open space next…
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Center City Office Leasing Market Saw Strong End to 2025, Here’s Why
More than five years after the pandemic lead to Center City seeing less and less commuters, its office market is finally getting more stable. This is due to an increase level of tenant interest in trophy properties, writes Noah Zucker for BisNow. According to JLL, the city’s central business district — which includes Center City,…
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House of the Week: Unique Converted Contemporary in Fairmount
A truly unique contemporary home set on a lovely 5,663-square-foot lot with three bedrooms and two and a half bathrooms is available for sale in Fairmount. This remarkable residence has an unexpected composition of historic structures thoughtfully unified into one distinctive living environment. This blends heritage architecture of a Victorian home, an 1877 blacksmith’s shop,…
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Max’s Steaks, Famed Sandwich Shop in Nicetown, Set to Change Ownership for First Time in Three Decades
Max’s Steaks, a Nicetown sandwich shop known for its 100 percent sirloin cheesesteaks and cameo in a popular Philadelphia movie franchise, is being sold, writes Michael Klein for The Philadelphia Inquirer. After three decades under the ownership of founder Chuck Weiner, Max’s Steaks’ ownership will be transferred to veteran restaurateur Rob LaScala. The latter owns…
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