Real Estate
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Toll Brothers Sells Second Atlanta Apartment as Multifamily Exit Continues
Toll Brothers has sold another Atlanta-area apartment community, continuing its exit from the sector, writes Tyler Wilkins for The Philadelphia Business Journal. An affiliate of PGIM Real Estate acquired the 290-unit Notion Decatur property for $76 million in mid-December, according to county records. The apartment complex sits just outside downtown Decatur near MARTA’s Avondale station.…
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Eastern Atlantic States Regional Council of Carpenters to Relocate Headquarters to the Navy Yard
The Eastern Atlantic States Regional Council of Carpenters is planning to relocate its headquarters from Spring Garden to the Philadelphia Navy Yard, write Ariana Perez-Castells and Jake Blumgart for The Philadelphia Inquirer. According to William Sproule, executive secretary-treasurer for the Carpenters, the council has outgrown its Spring Garden Street facility and its move will be…
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Focus Healthcare Partners Affiliate Acquires Senior Living Community in West Chester
A Chicago-based Focus Healthcare Partners affiliate has acquired Bellingham at West Chester, a 274-unit senior living community, for $27.05 million, writes Ryan Mulligan for the Philadelphia Business Journal. Set on nearly 12 acres just south of Paoli Pike and west of Applebrook Golf Club, the property was sold by an affiliate of Longview Senior Housing, based in Tampa, Florida. The community offers independent living, assisted…
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House of the Week: Gorgeous Historic Traditional in East Falls
A gorgeous brick traditional home set on 0.36 lovely acres with six bedrooms and three full and two half bathrooms is available for sale in East Falls. This distinguished residence radiates historic charm with modern sophistication. Elegant details include rich woodwork, classic fireplaces, and a wraparound porch that enhances the home’s character and welcoming atmosphere.…
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The Shops at Liberty Place, Center City Retail Space, Go Up for Sale
The Shops at Liberty Place, a retail space within the Liberty Place mixed-use complex in Center City, is now up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Chicago-based Metropolis Investment Holdings owns the two-level shopping center at 1625 Chestnut Street, as well as the attached One Liberty Place, a 61-story, 1.1 million…
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Phoenixville Shopping Center Shadow-Anchored by Acme Supermarket Sells for $7.4 Million
A 33,000-square-foot shopping center near downtown Phoenixville that is fully occupied and shadow-anchored by Acme, sold in November for nearly $7.4 million, writes Erin McCarthy for The Philadelphia Inquirer. The complex changed hands from a Malvern-based private investor to one based in Glen Mills, with both entities structured as limited liability companies in the deal. The corporately owned Acme…
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Iron Hill Landlord in West Chester Seeks New Tenants After Abrupt Closure
Owners behind West Chester’s former Iron Hill Brewery are actively searching for new tenants, writes Erin McCarthy for The Philadelphia Inquirer. The restaurant chain announced its abrupt closure following its bankruptcy filing this fall. Massachusetts real estate investor John Barry, who has owned the property since 2022, recently purchased the space’s assets, including the building…
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Major Lansdale Apartment Complex Sells for $92M
Lansdale’s Pennbrook Station apartment complex has changed hands in one of the most expensive multifamily deals in the Philadelphia region this year, writes Ryan Mulligan for The Philadelphia Business Journal. An affiliate of TIAA and its real estate arm Nuveen acquired the 346-unit complex for $92.2 million. The 22-acre property, located at 100 Reading Circle,…
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Germantown to Get New 46-Unit Apartment Building
Longtime Northwest Philadelphia developer Ken Weinstein is planning a new 46-unit apartment building on Germantown Avenue, writes Jake Blumgart for The Philadelphia Inquirer. Located in Germantown’s Penn Knox area, the five-story building will include more than 1,600 square feet of commercial space and 17 parking spaces. The project reflects a new wave of multifamily development…
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Philadelphia Region Luxury Homes Rank Among Top Ten Fastest-Selling Markets
In November 2025, luxury homes in the Philadelphia region sold faster than those in most other parts of the country, according to a new analysis by Realtor.com, writes Michaelle Bond for The Philadelphia Inquirer. With luxury homes spending an average of 64 days on the market, roughly a week less than at the same time…
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Philadelphia’s Cost of Living Significantly Below Some of Its Suburban Counterparts, New Research Finds
Philadelphia’s cost of living is up to 26 percent lower than that of some of its suburban enclaves, found new GOBankingRates research, according to a staff report from the Philadelphia Business Journal. The annual cost of living totals $42,844 in Philadelphia, far below areas like King of Prussia at $58,509, Ardmore at $60,130, and Phoenixville…
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St. John’s Baptist Church, Closed Since August 2024, to Be Transformed Into Apartments
St. John’s Baptist Church has been sold for $1 million and will be transformed into 26 apartments, writes Jake Blumgart for The Philadelphia Inquirer. The conversion will occur as part of a Philadelphia City Council law passed in 2019, which preserves large, neighborhood-scale historic buildings like churches. The historic South Philadelphia church dates back to…
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Florida Oceanfront Estate Owned by Late Coatesville Campbell Soup Heiress Hits Market for $85M
An oceanfront estate in South Florida owned by the late Mary Alice Dorrance Malone, a Campbell Soup heiress from Coatesville, has been listed for $85 million, writes Ryan Sharrow for the Philadelphia Business Journal. Situated on the barrier island of Manalapan between the Atlantic Ocean and the Intracoastal Waterway, the 1.5-acre property sits just 12…
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A Place Where Everyone Wants to Live: Towns with Most Expensive Homes in Chesco
Chester County, a place where everyone wants to live, has eleven towns with the most expensive homes in Pennsylvania, according to a recent ranking by Stacker. To make up the list, Stacker used data from Zillow. Towns are ranked based on the Zillow Home Values Index for all homes as of November 2025. Devon ranks second among…
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Wayne-Based PPR Capital Management Joins Forces to Acquire Townhome Development in Limerick
PPR Capital Management of Wayne, the Philadelphia area’s fastest-growing private company, joined forces with Plymouth Meeting’s Bel Canto Asset Growth Fund to acquire Botanica Cottages, a garden-style townhome development located in Limerick, writes Paul Schwedelson for the Philadelphia Business Journal. The financial terms of the deal were not disclosed. The development sits close to the intersection of Limerick Center Road and West Ridge…
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Local Developer Plans Mixed-Use Project After Prime Fishtown Site Acquisition
Philadelphia-based development company Eclipse Development recently acquired a prime Fishtown development site and is planning a four-story mixed-use building there, writes Paul Schwedelson for the Philadelphia Business Journal. Eclipse paid $2.65 million for the vacant Frankford Avenue site, acquiring it from the nonprofit, Lutheran Settlement House. Plans are calling for 20 apartments and 7,000 square…
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How Did Philadelphia Beat Out 40 Other Locations for DrinkPak’s Newest Manufacturing Facility?
Philadelphia is the city that canned beverage company DrinkPak chose to build its new coast-to-coast manufacturing network, writes Paul Schwedelson for the Philadelphia Business Journal. In doing so, Philadelphia — specifically the Bellwether District in South Philadelphia — beat out more than 40 other markets and locations across the United States. As a result, Chicago-based…
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Multinational Company Puts Exton Property Up for Sale as It Consolidates in Montco
Specialty materials company Arkema is consolidating its company into space in Radnor and King of Prussia after putting its Exton laboratory and office building up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Located in the Oaklands Corporate Center, the four-acre property holds 12 labs, and offices take up the rest of the…
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