Real Estate
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Callowhill Development Site, Approved for 162 Apartment Units, Listed Off-Market for $8M
A Center City development site that was previously approved for 162 apartment units is currently being listed for $8 million, writes Ryan Mulligan for the Philadelphia Business Journal. In 2021, permits were approved to build a 12-story multifamily structure on the 11,500-square-foot parking lot on Callowhill Street. However, the permits have since expired and would…
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Philadelphia Landmark Buildings Gaining New Life, Thanks to Developers
Local developers gathered at the recent “Conversion City” event to discuss the opportunities and challenges involved in repurposing Philadelphia’s landmark buildings, writes Paul Schwedelson for the Philadelphia Business Journal. Leo Addimando, managing partner of Alterra Property Group, emphasized that the key to redeveloping older buildings is to expect the unexpected. “You have to assume that…
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Luxurious Ivyland Home in Toll Brothers Development Hits Market for $3.5 M
Following a $2 million renovation, a gorgeous 12,700-square-foot home in Ivyland, part of a Toll Brothers development, is now on the market for $3.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The home is set on a one-acre lot in the Northampton Reserve Community. The residence showcases a classic Toll Brothers exterior, but…
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Jamison Property with Wawa, Tractor Supply Sells for $12.2M to ExchangeRight
The Warwick Village Commons in Jamison, which includes Wawa and Tractor Supply stores as well as approximately 12 acres of undeveloped land, has been acquired by California-based ExchangeRight for $12.17 million, writes Ryan Mulligan for the Philadelphia Business Journal. Arctrust of Clifton, New Jersey, and Doylestown-based Verrichia built the property as part of a joint…
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LBB Specialties Opens State-of-the-Art Distribution Center in Bristol
LBB Specialties, a distributor of specialty chemicals and ingredients, opened a new state-of-the-art distribution center in Bristol earlier this year, writes staff at LBB Specialties. The 102,000-square-foot facility is designed to elevate the company’s distribution capabilities for unmatched service and better positions LBB Specialties for future expansion. This will include entering new markets and adding…
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Radnor-Based EQT Real Estate Makes Huge Phoenix Industrial Buy
EQT Real Estate, based in Radnor, expanded its industrial portfolio with the $128.2 million purchase of Sarival Logistics Center in the Loop 303 corridor located in the Phoenix, Arizona area, writes Haley Mensik for the Philadelphia Business Journal. It is the largest single-building warehouse sale in the region since the beginning of 2023, with the…
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Solebury Acquires One of the Largest Undeveloped Tracts in Township
Solebury Township has acquired the former New Hope Crushed Stone & Lime Co. quarry for $1.6 million, writes Jeff Werner for the Patch. The purchase of the 166-acre site secures one of the township’s largest undeveloped tracts. It features a 60-acre lake and more than 3,000 feet of stream corridor along Primrose Creek. The property…
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Six Chester County Suburbs Named Among the Best in the Philadelphia Region
In a recent ranking of the twenty-five best suburbs in the greater Philadelphia area, six Chester County towns and suburbs placed in the top fifteen, writes staff for Stacker. Using data from Niche, Stacker evaluated suburban Philadelphia towns based on several criteria. This included diversity, cost of living, the percentage of population with college degrees,…
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Meridian Bank House of the Week: Beautiful Colonial on 15 Acres in New Hope
A beautiful colonial home with three bedrooms and three and a half bathrooms is available for sale in New Hope. This gorgeous residence seamlessly blends classic sophistication with equestrian practicality, exceptional privacy and sweeping views across over 15 acres. . . Details include rich oak hardwood floors, charming built-in corner cabinets, and unparalleled craftsmanship. Among…
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Doylestown Emerging as Region’s Next Hotspot for Luxury Real Estate
With home prices increasing as nearby businesses continue to grow, Doylestown could be emerging as the region’s next luxury real estate hotspot, writes Ryan Mulligan for the Philadelphia Business Journal. Doylestown’s charming downtown and convenient access to major roads are among the reasons buyers have been willing to pay a premium to live in the…
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Hidden in the Walls: Uncovering Forgotten Home Features
Houses have always reflected the technology, lifestyles, and culture of their times. Across the decades, American homeowners tailored their homes to fit their visual preferences and practical needs. As technology developed, home features once considered trendy quickly fell out of fashion and function. To celebrate American Housing Month, we’re looking to the past to explore…
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Three Bucks County Homes Among Top Ten Sales in Region
Home prices in the Philadelphia region have declined slightly from the season peak, but Bucks County remains strong, accounting for three of the top ten home sales in the area, according to a staff report from the Philadelphia Business Journal. The highest sale price in Greater Philadelphia last week was $2.6 million for a 16-year-old…
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Philadelphia Homebuyers Face More Competition Than Most Other Areas of the Country
Philadelphia area homebuyers, along with those across the Northeastern United States, face among the stiffest competition compared to other parts of the nation, writes Michaelle Bond for The Philadelphia Inquirer. This is according to a new Zillow analysis. The analysis, which looked at activity on its website in March, found that there are between five…
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Median Home Sale Prices in Bucks County Continue to Climb
March Realtor data shows that Bucks County buyers and sellers experienced higher median home sale prices than in the previous month, which was $440,000, writes Ozge Terzioglu for the Bucks County Courier Times. In March, the median home price in Bucks County reached $474,400, a 7.8 percent increase from February. Compared to last year, the…
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5 Delaware County Communities Make Top 25 Best Places to Live
Five Delaware County communities made a top 25 list compiled by Stacker of the best places to live in the Philadelphia area. One of the communities placed in the top five. Schools in the five communities were A+ or A. Outdoor activities also received an A. From lowest to highest are: Radnor Township, population 33,260,…
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Meridian Bank House of the Week: 1700s Beacham House in New Hope
A charming craftsman home set on 6.98 acres with four bedrooms and three and a half bathrooms is available for sale in New Hope. The Beacham House blends historic charm with modern elegance, with exquisite details including hand-hewn exposed beams, wide-plank hardwood floors, Italian tile accents, and dramatic stone walls that infuse warmth and character…
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High-End Apartment Tower Near Rittenhouse Square Acquired for $138M
CBRE Investments has sold a 34-story apartment tower near Rittenhouse Square for $138 million, marking one of the largest multifamily sales in Center City in recent years, writes Paul Schwedelson for the Philadelphia Business Journal. The sale price equates to $431,000 per unit. The buyers were New York-based Cantor Fitzgerald and Norfolk, Virginia-based Harbor Group…
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Nearly 200-Acre Elk Creek Farm in New Hope Hits Market for $10.5M
Elk Creek Farm in New Hope, with pre-Revolutionary War roots, has recently hit the market for $10.5 million, making it the most expensive individual property in the current Bucks County housing market, writes Ryan Mulligan for the Philadelphia Business Journal. The property, which totals 188 acres, was part of the original William Penn land grant.…
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