Real Estate
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Falls Twp. Diametrically Opposed to Underuse of Geometrically Named Three Arches Homestead
Falls Township officials hope a local organization or historical group can make better use of the 300-year-old Three Arches home. The property, which has ties to William Penn, sits empty most of the time and is underused. Falls has owned the Three Arches property, located at 335 Trenton Road, since 1971. The township has meticulously…
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Home of Earl Jamison — Peddler’s Village Founder — For Sale; Property Is a ‘Sanctuary for Both Man and Beast’
The New Hope estate designed by Earl Jamison, Peddler’s Village founder, is again being peddled. Kennedy Rose reported the 37-acre listing for the Philadelphia Business Journal. Jamison built the main house in 1978, after his 1962 launch and subsequent promotion of Peddler’s Village. He imbued the residence with the 18th century architectural theming, mimicking the…
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With Unmatched Infrastructure, This Former Suburban Bank Building is Ready for the Region’s Next Great Restaurant
Pillar Real Estate Advisors has listed a unique property, the future location of a restaurant that will be in a class of its own, in downtown West Chester. Formerly the prestigious First National Bank of West Chester, this 14,000-square-foot space offers unmatched opportunity. It features multiple levels, grandiose ceiling height in the main room, large brick archways,…
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Meridian Bank House of the Week: ‘If I Were a (Rich)boro Man!’
Early in Act 1 of the musical Fiddler on the Roof, poor dairyman Tevye sings “If I Were a Rich Man,” dreaming of a life of means and luxury. In the tune, he describes his ideal property: “There would be one long staircase just going up; And one even longer coming down… .” With a…
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Suburban Office Market Wraps Up 2021 With One of Strongest Quarters in Past Two Years
The suburban office market ended 2021 with one of the strongest quarters for the past two years, which helped further stabilize it. Natalie Kostelni unlocked the performance metrics for the Philadelphia Business Journal. “Clients are looking at taking less space and investing more in that space,” said Les Haggett of CBRE Group, the Dallas, Tx.…
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Area Tenants Seek — And Willingly Pay For — Apartment Upgrades of Soundproof Walls and Fitness Centers
As new communities continue to be added throughout the region, developers are trying to decide which apartment upgrades they need to include to best attract renters, writes Michaelle Bond for The Philadelphia Inquirer. According to a new survey from the National Multifamily Housing Council and Grace Hill, preferences among renters in the Philadelphia area mostly…
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‘Bonus for Bucks’ Program Extended, Furthering Countywide Initiative Against Homelessness
Bonus for Bucks, a countywide initiative designed to encourage landlords and real estate professionals to support low-income renters, has had its financial resources extended through July 2022. Emily Rizzo, WHYY, unlocked the details. The program provides $2,000 — funded by the American CARES Act — to property owners who sign one-year leases to Bucks County…
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Christopher Beadling, Doylestown, Becomes President of Pa. Association of Realtors
Christopher Beadling, Doylestown, was installed as president of the Pennsylvania Association of Realtors during a Feb. 3 industry ceremony in Harrisburg. The vice president and broker of record for Quinn & Wilson Inc. Realtors, Beadling has 20 years’ industry experience. Atop that, Beadling also has a teaching background; he is an ethics instructor and a…
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Novaya Foxfield, Boston CRE Firm, Buys Plot in Langhorne, Sells Warehouse in Upper Merion
The area’s commercial real estate status shifted twice recently, as Boston’s Novaya Foxfield bought a plot in Langhorne and sold a warehouse in Upper Merion. Natalie Kostelni mapped the activity for the Philadelphia Business Journal. The Langhorne transaction was a $50 million outlay for “underutilized” land from Reedman Toll Auto World. A pair of transactions…
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Despite Influx of Assistance, Some Bucks County Mortgagors Still Remain ‘At Their Wits’ End’
Pandemic-related financial help began reaching Pa. mortgagors this week. But accessing it is proving problematic for some, reported Emily Rizzo for WHYY. When an online application filing site opened this week, the backlog of Pa. filers crashed it. That volume of area homeowners struggling with mortgage payments is no news to Paula Powers-Watts, executive director…
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Meridian Bank House of the Week: The Three Little Pigs’ Brick Layer Would Love This!
2025 Freeh Lane, Quakertown, has plenty of curb appeal, thanks to its expertly crafted all-brick exterior. The home is so noteworthy from the outside that it is guaranteed to appeal to a particular member of the three-pig trio, yielding sheer envy from his straw- and stick-loving brothers. The living room is warmed by a magnificent…
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Fort Washington-based Toll Brothers Unveils Plans for Its First 55+ Community in Washington State
Fort Washington-based Toll Brothers has unveiled plans to build its first Regency 55+ active-adult community in the Pacific Northwest, Regency at Ten Trails. The nation’s leading builder of luxury homes will open the community of 403 single-level homes set in South King County in Washington state for pre-sales in February. Regency at Ten Trails will…
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Struggling Pa. Homeowners Can Apply for Financial Help to Avoid Losing Their Homes
As of yesterday, February 1, Pennsylvania homeowners who are struggling due to the pandemic can apply for federal assistance to keep them from losing their homes, writes Michaelle Bond for The Philadelphia Inquirer. Pennsylvania has received $350 million through the federal Homeowner Assistance Fund under the American Rescue Plan Act. The resource is heading to…
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Wallingford Homeowners Shocked to Find They Only Owned Half of Their Yard
When the O’Connors tried to sell their Wallingford home this past September, they were stunned to discover they only owned half of their yard, writes Michaelle Bond for The Philadelphia Inquirer. The buyer’s title company found two parcels of land at the property. In the 1960s, a previous owner bought one parcel, then bought the…
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Philadelphia-area Homeowners Quickly Building Wealth in Current Housing Market
While aspiring buyers are finding the current housing market challenging, homeowners are enjoying the increasing values of their homes, writes Michaelle Bond for The Philadelphia Inquirer. For the majority of families, owning property is currently the primary way to build wealth. In the Philadelphia metropolitan area, a homeowner has already gained over $110,000 in equity…
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Meridian Bank House of the Week: Newtown Estate in Which to Live Like a 1980s Prime-Time Soap Family
27 Hayhurst Drive, Newtown, is your chance to live in a setting not unlike those 1980s prime-time soap operas. So if you ever fashioned yourself as J.R. Ewing (CBS’ Dallas) or Alexis Carrington-Colby-Dexter-Rowan (ABC’s Dynasty), this might be the spot for you. The entryway reveals two grand staircases, perfect for a dramatic entrance, champagne flute…
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Langhorne Plaza Sells for $23.45 Million
Langhorne Plaza — a 107,693 sq. ft. retail center on E. Lincoln Highway — has been sold by its Needham, Mass. owner, Waterstone Properties. Natalie Kostelni rang up the particulars for the Philadelphia Business Journal. The purchase price for the commercial real estate transaction, overseen by Forged Real Estate, was $23.45 million. The center is…
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Interior Design Pro on Abandoned Newtown Home with Falling Ceilings and Ivy Creeping Inside: ‘This Is My House’
In 2009, Nancy Gracia innocently drove by a Newtown home — long abandoned — and was immediately smitten. In The Philadelphia Inquirer, Sally A. Downey reported on Gracia’s purchase of the property and her transformation of it. The home’s architectural history wasn’t exactly linear. The original structure was erected in 1800; a clapboard addition followed…
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