Real Estate
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Joel Embiid Puts Society Hill Penthouse Up For Sale
Philadelphia 76ers center Joel Embiid is selling his luxury penthouse in Society Hill for $5.5 million, writes Michael Tanenbaum for PhillyVoice. Embiid’s condo on the 11th floor of a building at 101 Walnut Street is a two-bedroom property that covers about 3,500 square feet. It includes two balconies on the main level, and a private…
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Meridian Bank House of the Week: Historic Stone Farmhouse in Carversville
A historic stone farmhouse set on 8.9 beautiful acres with four bedrooms and three bathrooms is available for sale in Carversville at 6325 Fleecydale Road. Perfectly situated on one of Bucks County‘s most picturesque roads, this gorgeous residence dates back to the early 1800s and offers plenty of character and a unique glimpse into the…
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Center City Office Buildings Keep Selling at Steep Discounts
Five Center City office buildings that changed hands in the last two months have sold for a combined total of $151 million less than their assessed value, writes Paul Schwedelson for the Philadelphia Business Journal. Each of the buildings sold at a steep discount, bringing into focus the current value of lower-quality office buildings with…
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Bensalem’s ‘The Hub’ Development Stalls as Property Faces Sheriff’s Sale
The ambitious “The Hub” project at the former Neil A. Armstrong Middle School site in Bensalem has hit a major obstacle, writes JD Mullane for the Bucks County Courier Times. Scheduled for a sheriff’s sale on August 9, this development was intended to transform the area into a bustling retail and residential complex. Owner…
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Despite Sharp Drop in Residential Property Sales, Philadelphia Remains a City of Homeowners
A new report from the Pew Charitable Trust found that Philadelphia home sales have declined nearly 40 percent between 2022 and 2023, writes Aaron Moselle for WHYY. In 2023, 15,617 homes were sold, nearly 10,000 fewer than in 2022, which was considered a banner year for home sales in Philadelphia. “It was one of the…
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Meridian Bank House of the Week: Captivating Spanish-style Colonial in Yardley
A captivating Spanish-style colonial home set on 0.5 lovely acres with six bedrooms and three and a half bathrooms at 3 Ridge Avenue is available for sale in Yardley. … … Edgehill Gardens is perfectly situated on a corner lot. The stunning residence brims with charm and timeless elegance and features a lot of gorgeous…
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New Jersey “Barbie Dreamhouse” Goes Viral on TikTok
A home in New Jersey, dubbed the “Barbie Dreamhouse,” has gone viral on TikTok for its pink-themed interior, writes Katherine Cressman for the Bucks County Courier Times. Listed on Zillow for $500,000, the Hamilton house at 835 Hughes Drive stands out with bubblegum pink shutters and salmon-pink walls, kitchen cabinets, and floors, all complemented…
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Philadelphia is Less Affordable Now Than it Has Historically Been, New Report Finds
New research has found that while it is still a city of homeowners, Philadelphia is less affordable than it has historically been, not just in the past several years but also over the last two decades, writes Aaron Moselle for WHYY. “The affordability of the city’s market is changing,” said Octavia Howell, a manager with…
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Groundbreaking for New Affordable Senior Housing in Bensalem
Construction has begun on a crucial affordable housing project for low-income seniors in Bensalem, writes Adrianna Herrara for the Bucks County Courier Times. Federation Housing Inc. broke ground for the 60-unit Daniel B. Green House at 4695 Somerton Road, with an expected opening in September 2025. The $26 million initiative is financed through $18…
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Meridian Bank House of the Week: Extraordinary Farmhouse in Quakertown
An extraordinary farmhouse on 16.73 acres with six bedrooms and six and a half bathrooms is available for sale in Quakertown, at 961 West Thatcher Road. …. … This stunning sanctuary nestled within gated grounds offers unmatched privacy within nature’s splendor of the cascading ponds and landscaped gardens. … … Originally constructed as a log…
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Reggie Jackson’s Childhood Wyncote Home to be Demolished
Reggie Jackson’s childhood home at 149 Greenwood Avenue in Wyncote is facing demolition, writes Michael Tanennbaum for Philly Voice. His father, Martinez Jackson, ran a tailor shop there on the first floor in the 1950s and 1960s, and for a time operated a bootleg whiskey business from the home. Martinez Jackson, a World War…
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Buckingham Township to Review 150,000 Square-Foot Warehouse Proposal
A proposal for a 150,000-square-foot warehouse in Buckingham Township is set for review by township supervisors on July 24, writes Michele Haddon for the Bucks County Courier Times. Developer J.G. Petrucci Company from Asbury, New Jersey, has submitted preliminary land development plans for the DiGirolamo Tract. The plans include 30 truck bays, two…
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J.G. Petrucci Co. Breaks Ground on Massive 320,250 Sq Ft Warehouse in Bensalem
Asbury, New Jersey-based J.G. Petrucci Co. in collaboration with Boston-based Cabot Properties, has begun constructing a 320,250-square-foot warehouse in Bensalem, writes Paul Schwedelson for the Philadelphia Business Journal. Located at 4626 Somerton Road off Route 1, this new warehouse aims to attract single-tenant occupancy. This development follows J.G. Petrucci’s recent $8.6 million acquisition…
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Meridian Bank House of the Week: Picturesque Colonial in Plumstead
A picturesque colonial home set on 4.76 attractive acres with six bedrooms and three and a half bathrooms is available for sale in Doylestown at 5671 Point Pleasant Pike. … … This lovely residence is perfectly positioned with its gorgeous country setting that offers highly-coveted privacy but is still close to downtown Doylestown and all…
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Post Brothers, Tower Investments Welcome First Residents to New 630-Apartment Building
Post Brothers and Tower Investments began planning for a massive multifamily and retail development back in 2017, and the project is finally a reality, writes Paul Schwedelson for the Philadelphia Business Journal. The One Thousand One building at Broad Street and Washington Avenue welcomed the first residents to its 630-apartment first phase on July 1.…
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Wanamaker Building Could Be Purchased By New York City Firm After Acquiring Portion of Its Debt
New York real estate firm TF Cornerstone bought a majority of the debt on the Wanamaker building and is now taking part in negotiations to acquire the building, writes Paul Schwedelson for the Philadelphia Business Journal. TF Cornerstone already opens the Macy’s department store space that occupies the first three floors of the nine-floor Center…
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Meridian Bank House of the Week: Gorgeous Chalet in Pipersville
A gorgeous chalet home on 4.25 attractive acres with four bedrooms and four full and two half bathrooms is available for sale in Pipersville at 348 Cafferty Road. Deux Cheminees was exquisitely designed by famous architect Jack Arnold and boasts unmatched privacy in one of the most coveted locations of Upper Bucks County. … ……
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Wall Street Journal: Amid Rising Prices, People Turn to Zillow Therapy to Go on Make-believe Real-Estate Hunts
With rising prices, low inventory, and high mortgage rates, more people are turning to Zillow therapy: make-believe real-estate hunts in the Philadelphia region that transport them into a fantasy of a better future, writes Elizabeth Bernstein for The Wall Street Journal. Ellisha Caplan is a 47-year-old consultant in Delaware who has been searching various real-estate…
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