Real Estate
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Philadelphia Ranked Most Popular City in Northeast for Apartment Renter Interest
Philadelphia topped the list of cities in the Northeast for interest from apartment renters during the first half of the year, write Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. RentcCafe’s mid-year renter engagement report reviews current and historic apartment search volume on its platform, as well as changes in overall apartment availability.…
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Innovate Real Estate Enters Pennsylvania Market, Adds New Doylestown Office
Innovate Real Estate expands in Pennsylvania with a new Doylestown office, led by The Cleland Team, a local real estate group that has extensive experience and strong community ties, writes Jeff Werner for the Patch. According to Jeff Casterline, founder and CEO of Innovate Real Estate, The Cleland Team, recently recognized by RealTrends as one…
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Wealthiest ZIP Codes Cluster in Chester County, Philadelphia Region
Wealth in the Philadelphia region is still concentrated around Center City, though several Chester County ZIP codes earning top ten spots in specific categories, writes Todd Romero for the Philadelphia Business Journal. The latest ranking of the wealthiest ZIP codes is based on several factors, including per-capita income, home values, equity, savings, poverty rates, and…
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Meridian Bank House of the Week: $2.3M Multi-Generational Compound in Sellersville
A stunning generational compound on 65.06 acres with nine bedrooms and five full and two half bathrooms is available for sale in Sellersville. This remarkable residence combines the heritage of a 1890s Bucks County farmhouse with the sleek design of a newly built companion home. . . Distinctive details include heated wood floors, custom built-ins…
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Former St. Gabriel’s Hall Site in Lower Providence Sells for $14.5M
A landmark Montgomery County property has changed hands, writes Ryan Mulligan for the Philadelphia Business Journal. The 60-acre campus once home to St. Gabriel’s Hall in Lower Providence, has been sold to Audubon Land Development for $14.5 million, according to county records. The Archdiocese of Philadelphia closed St. Gabriel’s in 2020, ending more than 120…
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Philadelphia’s First of Its Kind Pilot Program, Which Gives Cash to Struggling Renters, Proves Effective
The PHLHousing+ program, a first of its kind in the nation, which gives no-strings-attached cash to struggling renters, is proving to be effective, writes Michaelle Bond for The Philadelphia Inquirer. The program was launched in the fall of 2022. Since then, Philadelphia has been giving cash to 301 households randomly selected from wait lists for…
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Greystar Plans 205 Apartments at Former King of Prussia Office Site
National apartment developer, Greystar, is eyeing another major project in King of Prussia, writes Ryan Mulligan for the Philadelphia Business Journal. The company has filed plans to demolish an 85,000-square-foot aging office building at 720 Vandenburg Road. In its place, they will construct a six-story, 205-unit apartment complex. The U-shaped development would include a central…
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Dallas-Based Development Firm Acquires Northeast Philadelphia Property, Plans New $25M Warehouse Project
Crow Holdings Development has acquired a property in Northeast Philadelphia, where it is planning to build a new 103,500-square-foot warehouse at the site, writes Paul Schwedelson for the Philadelphia Business Journal. The Dallas-based development firm paid $7 million to James D. Morrissey Inc., a general contracting firm, for the 10-acre property. The project to build…
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111-Acre Office Park with Four Buildings Up for Sale in Malvern
The Malvern Green complex, an 111-acre office park with four buildings totaling 759,901 square feet, was recently listed for sale in Malvern, writes Paul Schwedelson for the Philadelphia Business Journal. The four buildings at 51 Valley Stream Parkway, three office buildings along with a data center, are currently occupied by Oracle, with the property currently…
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Meridian Bank House of the Week: $4M Stone Colonial on Picturesque Creek in Quakertown
A gorgeous stone colonial home on 58.4 acres with six bedrooms and four and a half bathrooms is available for sale in Quakertown. Situated amidst meadows and preserved land, Molasses Creek Farm blends the timeless beauty of Bucks County’s countryside with modern comforts. . . The stone farmhouse, built in 1795, retains its historic character…
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285-Unit Development Project on Washington Avenue Finally Gets Greenlit
After over a year-and-a-half of public deliberations, the Philadelphia Zoning Board has approved a project that would bring 285 new units to Washington Avenue, writes Ryan Mulligan for the Philadelphia Business Journal. The new project will be located at 1601 Washington Avenue at a corridor that is largely zoned for industrial use. However, the area…
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Chester County Home to Four of Region’s 15 Most Expensive Housing Markets
Chester County is home to four towns that are ranked among the 15 most expensive places to buy a home in Greater Philadelphia, according to a recently released ranking by Stacker. To compile the list, Stacker used data from Zillow, which compared a total of 235 cities and towns. Devon tops the list as the…
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Six Bucks County Towns Rank Among Cities with the Most Expensive Homes in the Philly Area
There are several Bucks County cities that have some of the most expensive homes in the Philadelphia area, according to a list by Stacker. Six Bucks County municipalities were mentioned on the list of 30. Ranked at 3 on the list was New Hope, with the average home value listed at $918,414. According to data…
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Meridian Bank House of the Week: 250-Year-Old Stone Manor in Yardley
An exceptional stone manor home on 1.79 acres with five bedrooms and three and a half bathrooms is available for sale in Yardley. This remarkable residence, known as Te Deum, combines historic character with modern comfort on beautifully landscaped grounds. . . Some of the exquisite details include antique pumpkin pine floors, deep window wells,…
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What You Get for $350,000 in Philadelphia, Bucks, Montgomery, Chester and Delaware County
What does $350,000 get you across the Delaware Valley? The answer changes depending on where you look. In Bristol, it’s a mid-century ranch reworked for one-level living. In Jeffersonville, a townhome with fresh updates and a bit more privacy. East Oak Lane offers a twin with hardwood floors and outdoor space, while Coatesville’s Valley Spring…
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Abrams Realty Unveils New Plans for Washington Square West Site, Promising ‘Coolest Building in Philadelphia’
Abrams Realty & Development has decided to scrap its previous plan to build a multifamily high-rise at the former Wendy’s site on Walnut Street and will start from scratch, writes Paul Schwedelson for the Philadelphia Business Journal. Instead of the previously envisioned 18-story, 198-unit building, the developer is now planning an 11-story, 75-unit building with…
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For $420,000 You Can Get This Victorian Twin Home in Lansdowne
$420,000. That’s the new record-setting median home sale price reached in the Philadelphia Metropolitan Area in July, according to the multiple listing service Bright MLS. For that amount of money, you can buy a large Victorian twin home in Lansdowne, writes Michaelle Bond for The Philadelphia Inquirer. Using $420,000 as the purchase price, Bond compared…
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WSJ: Fort Washington’s Toll Brothers Adjusts 2025 Outlook Amid Affordability Concerns
Fort Washington luxury homebuilder, Toll Brothers, is scaling back its outlook for the year, citing affordability pressures, writes Dean Seal for the Wall Street Journal. The company now projects 11,200 home deliveries in its fiscal year, which ends October 31. The average selling price of $950,000 – $960,000 is in line with its lower projection…
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