Real Estate
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In Philly Metro, Baby Boomers Lead Home-Buying Trends, Surpassing Millennials
Baby boomers overtook millennials last year as the largest segment of the home-buying population as they continue to downsize by buying smaller homes, writes Sandy Smith for the Philadelphia Magazine. Several trends are driving this rise in home purchases. The older half of the generation has mostly left the workforce and is now looking for…
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South Philadelphia’s Quartermaster Plaza Goes Off the Market After Owners Pivot Approach
Quartermaster Plaza in South Philadelphia is now off the market eight months after its owners originally had it listed, writes Paul Schwedelson for the Philadelphia Business Journal. The reasoning is due to the owners failing to find a buyer for the property. DRA Advisors and KRP Centers, two New York-based firms acquired the 456,208-square-foot shopping…
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Meridian Bank House of the Week: Cozy Brick Craftsman in Ottsville
An attractive brick craftsman home on 0.83 lovely acres with four bedrooms and one and a half bathrooms is for sale at 9089 Easton Road in Ottsville. This gorgeous residence exudes a timeless charm that enchants all who enter, while the architectural design perfectly combines modern elements with classic craftsmanship. Hardwood floors and new windows…
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South Philadelphia’s Quartermaster Plaza Goes Off the Market After Owners Pivot Approach
Quartermaster Plaza in South Philadelphia is now off the market eight months after its owners originally had it listed, writes Paul Schwedelson for the Philadelphia Business Journal. The reasoning is due to the owners failing to find a buyer for the property. DRA Advisors and KRP Centers, two New York-based firms acquired the 456,208-square-foot shopping…
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These Bucks County Towns Had the Most Expensive Homes in Pennsylvania
Five Bucks County towns are among the top twenty-five most expensive municipalities for purchasing a home in Pennsylvania, according to Stacker. Stacker compiled the list based on data from Zillow home prices for January 2024. Yardley was no. 25 on the list with a typical home value of $547,396. Churchville ranked no. 16…
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Toll Brothers Sell Virginia Property After Data Center Makes an Offer ‘It Couldn’t Refuse’
Toll Brothers, based in Fort Washington, recently made an unexpected sale of a parcel of land in Virginia in what it is calling a “one-off,” saying it was an offer “it couldn’t refuse,” writes Dan Brendel and Michael Potter for the Philadelphia Business Journal. Toll Brothers CEO Douglas Yearley Jr., said during an investors’ call…
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Wrightstown’s Historic Worthington Millhouse Along Neshaminy Creek Seeks New Owner
Right along Neshaminy Creek in Wrightstown stands the historic Worthington Millhouse, a relic from 1763, writes Peg Quann for the Bucks County Courier Times. Situated at 709 Worthington Mill Road, this grist mill, initially built to harness water power for grinding grain, is now awaiting a new owner. The current owner, James Beier,…
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Meridian Bank House of the Week: Modern Luxury Meets Historical Charm in Pipersville’s Historic Barn
A 19th-century converted barn with five bedrooms and four bathrooms is for sale at 6 Bridge One Lane in Pipersville. …. … This charming barn on the six-acre property, also known as Wolf Hall, belongs to the National Historic Register. The main entrance is bathed in natural light and adorned with exposed stone. ……
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Homeowners in the Philadelphia Area Stay in Their Homes Longer Than Most Other Cities
Homeowners in the Philadelphia metropolitan area are staying in their homes longer than in most other cities and the country as a whole, writes Michaelle Bond for The Philadelphia Inquirer. According to analysis by the online real estate brokerage Redfin, the median time homeowners in the Philadelphia area have lived in their homes in 2023…
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Inside Montco Native Bradley Cooper’s $6.5 Million New Hope Farmhouse
Award-winning actor and Montgomery County native Bradley Cooper acquired a 33-acre farmhouse in New Hope, writes Mary K. Jacob for the New York Post. This $6.5 million purchase is amid his budding romance with supermodel Gigi Hadid, whose mother Yolanda, resides nearby. The six-bedroom, six-bathroom house dating back to 1704, spans over 6,300…
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Philadelphia is One of the 50 Most Coveted Cities For Renters, New Study Finds
RentCafe has released its first rental activity report of the year, ranking the top 150 U.S. cities based on renters’ intent to move. Philadelphia found itself among the top 50 of the list, finishing at No. 49, due to its high rental activity in January. Views of available Philadelphia rent listings increased by 71 percent…
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Meridian Bank House of the Week: Sleek French Villa in Quakertown
A lovely French villa with six bedrooms and five and a half bathrooms set on three acres at 2577 Township Road is available for sale in Quakertown. This gorgeous residence perfectly combines classic design with modern comfort. It features landscaped gardens that offer highly coveted privacy and tranquility. The double-door entry introduces an open layout…
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Meridian Bank House of the Week: Charming Stone-front Contemporary in New Hope
A charming stone-front contemporary home set on a gorgeous 12.7 acres with five bedrooms and four full and two half baths on 6064 Stoney Hill Road is on the market in New Hope. This stunning residence offers a unique mix of rustic elegance and modern practicality. The home is approached along a scenic driveway that…
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1890 Doylestown Victorian Home with Gourmet Kitchen and Panoramic Views Featured in Philadelphia Magazine
A Victorian farmstead outside Doylestown is a true bucolic heaven with over 12 acres of fields and protected forests, writes Sandy Smith for the Philadelphia Magazine. In addition to the gorgeous main home, the property also features a barn and horse stables, making it ideal for any equestrian enthusiast. Its other impressive features include a…
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Residence Inn Hotel Near Sesame Place in Langhorne Sold for $22.1M
A 100-room Marriott hotel in Langhorne near Sesame Place is officially off the market, writes Emma Dooling for the Philadelphia Business Journal. Maryland-based Baywood Hotels bought the Residence Inn by Marriott Philadelphia Langhorne for $22.1 million. The 17-year-old property was purchased from New York-based MCR, a hospitality firm. Back in 2018, the firm…
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After Shelving Plans to Buy Brandywine Hospital, Penn Health Looks for Another Property in Chester County
After it decided not to buy the shuttered Brandywine Hospital campus in Coatesville, the University of Pennsylvania Health System is looking for another property in Chester County as part of a Department of Veterans Affairs initiative, writes John George for the Philadelphia Business Journal. “We have three properties we are looking at,” said Kevin Mahoney,…
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Center City Office Building Goes Up For Sale, Could Be Converted Into Residential Building
The 15-story, 133,353-square-foot office building at 1760 Market Street has gone up for sale by owner and retired tax attorney, Victor F. Keen, writes Paul Schwedelson for the Philadelphia Business Journal. Doug Rodio of CBRE, who is representing Keen in the sale, said it could be sold in the low $20 million range. “Today, the…
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See Where Philadelphia Ranks Among ‘Gen Z Homebuying Havens’ in the U.S.
For many Gen Zers, the goal of homeownership can seem out of reach due to having grown up facing a global pandemic, two-decade-high mortgage rates, skyrocketing inflation, and an overall challenging economy. However, a new study by Point2 ranks the country’s 100 largest cities in terms of which gives them the best fighting chance, and…
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