Real Estate
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As Apartment Rent Rates Rise Nationwide, How Bad Is It For Tenants Here?
While the past 18 months have ushered in an unprecedented sellers’ housing market nationwide, apartment rent rates have also followed the upward trend. Ashley Fahey and Ryan Mulligan covered the local impact for the Philadelphia Business Journal. According to an analysis of RealPage data by The Business Journal, rents among 50 of the nation’s largest…
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CEO of SEI Puts His Florida Home on Market for $90M
Alfred West, CEO of Collegeville-based SEI, has put his home on Florida’s affluent Jupiter Island on the market for a whopping $90 million, writes E.B. Solomont for The Wall Street Journal. The waterfront compound stretches from the Atlantic Ocean to the Intracoastal Waterway. It is set on close to six acres and features a main…
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Meridian Bank House of the Week: If You’re a Pool Fan — Swimming or Shooting — Check Out this Bedminster Home
Spaciously surrounded by 23 acres, the home at 1548 Birch Lane, Bedminster, is recommended for pool fans, regardless if that means comfortable in the water or on the felt. The great room has an impressive two-story stone fireplace; its massive windows can be enjoyed on either level of the home. . . Those windows also…
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NorthPoint Development Gets Second Green Light in Falls Township Warehouse Development Project
NorthPoint Development received approval from its local Board of Supervisors to subdivide and sell a parcel of land to further its plans for a massive warehouse in Falls Township. The board approved not only the sale but also, to accommodate the plans, a relocation of South Port Road. The subdivision — 63 acres of a…
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Berwyn Exec Buys Oceanfront Home in Avalon’s Most Expensive Real Estate Transaction of 2021
An oceanfront home in Avalon, N.J., has sold for a whopping $11.15 million, making it the town’s most expensive property to sell this year, writes Kennedy Rose for the Philadelphia Business Journal. The 4,150-square-foot home sits on a 6,600-square-foot lot and boasts an unobstructed sightline of the ocean on one side. The property was bought…
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With Some $25 Million in Development Coming, Could Dublin Be Bucks County’s Next Destination Town?
With all the commercial and residential projects going on in Dublin, real estate experts wonder if this borough — sitting at the midway point between Doylestown and Quakertown — is now on the ascendant. Bridget Reilly tracked its progress for The Intelligencer. In its remarkable real estate revival, Dublin is not only building new, it’s…
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For These East Coventry Men — Founders of Interior Design Firm in Wayne — Holiday Décor Goes Hollywood Glam
Matthew Wetzel and Don Thomas, founders of Thomas Matthew Designs in Wayne, always have their home ready for the Christmas season before Thanksgiving, writes Eileen Smith Dallabrida for Main Line Today. “We usually have a party the first Saturday in December, and it takes a lot of time to work out the details,” said Wetzel.…
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Montgomery Mall Sells for $55 Million to a New York Firm in Foreclosure Sale
Kohan Retail Investment Group, a New York-based shopping mall investment company, has bought Montgomery Mall in a foreclosure sale for $55 million, writes Natalie Kostelni for the Philadelphia Business Journal. The sale price represents 95 percent of the mall’s appraised $57.5 million value as of August. Seven years ago, the property was appraised at $195…
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Meridian Bank House of the Week: There’s Something Fishy About This Ivyland Mansion
1265 Grenoble Road, Ivyland, was wholly renovated in 2018 (to the tune of $5 million!), leading to its inclusion in numerous architectural and landscaping magazines. The main home is 11,000 square feet of space, containing six bedrooms, eight full baths, six fireplaces, an indoor saltwater pool, and an out-of-the-ordinary aquarium. From the moment guests step…
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Philadelphia-Area Housing Report: Has the Market Boom’s Bubble Popped?
According to the Philadelphia-Area Housing Report, residential real estate sales in the Philadelphia area continued to drop in October. The “unusually strong activity” of 2020 may be tailing off, writes Kennedy Rose for the Philadelphia Business Journal. Transactions, as measured by closings, is cooling in Philadelphia, Bucks, Delaware, and Montgomery Counties. Data provided by MarketStats…
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West Chester Couple an Example of How Animals Affect the Real Estate Decisions of Pet Owners
Mindy Rhodes and John Braxton considered Spike’s needs when searching for an area home six years ago. The six-acre site they found in West Chester was perfect for him. Spike is not their child; he’s a horse. And his influence on their real estate purchase is becoming a widespread trend, reports Cynthia Henry for The…
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Meridian Bank House of the Week: Okay, Clichés Aside, George Washington Did Actually Sleep Here
Welcome to the John Fell House, built circa 1733. Washington reportedly stayed with Fell (a physician) when the Continental Army camped in Doylestown in Summer 1778. In fact, the home became one of Washington’s numerous headquarters in the area. 465 E. State St. can now be the place where a history-buff owner proudly hangs his…
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Warrington Township’s Proposed Rental Inspection Program to Improve Tenants’ Quality of Life
In an effort to ensure that all township tenants live in a safe and healthy properties, the Warrington Township Board of Supervisors (BOS) is considering an annual rental inspection program for all rental housing units. The proposal is meant to: Improve the quality of living for township residents who occupy rental housing units Ensure the…
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Meridian Bank House of the Week: Warrington Custom Home You’ll Want to Swing by to See
This custom-designed Warrington home, only two years old, is chic, spacious, and private, sharing its main roadway with only four other houses. Built in 2019 and situated in the Central Bucks School District, 1430 Cooper Lane, is a property that the right owner will glide right into. The property has a large yard, an attractive…
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For Landenberg Couple, Leaving Their Frank Lloyd Wright-Inspired Home a Bittersweet Experience
For architect Donald Dunham and classics professor Annette Giesecke, leaving their Frank Lloyd Wright-inspired home in Landenberg after two decades is a bittersweet experience, writes Drew Limsky for Main Line Today. The couple put their souls into the house. They were so committed to its look and style that they lived in a trailer on…
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Meridian Bank House of the Week: Attention Bibliophiles! Space Enough in Bensalem Home to Store Hundreds of Books
This custom built home in Bensalem encompasses three separate units, all with their own entrances and full appointments. It’s ideal for a homeowner in need of an in-law suite. Or an entrepreneur launching a side business in welcoming overnight guests à la Airbnb. But if you’ve got an extensive book collection, this is the place…
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Plumstead Township Family, Aligned with U.S. Trend, Embarks on Pandemic-Inspired Home Renovations
Stuck inside because of the pandemic, millions of Americans (57 percent of them) took hammers, paint brushes and ladders and spruced up their homes. Terri Akman profiled one nearby family and its projects for The Philadelphia Inquirer. The home of Plumstead Township resident Jessica Vogler and her family needed work. Its interior was being plagued…
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Meridian Bank House of the Week: No Reason to Be Sheepish About this Lambertville Gem
55 S. Main Street in Lambertville, NJ, was built in 1888, but its present owners remodeled it in 2020-2021. The outside, therefore, retains a historic charm that makes it a comfortable fit with the rest of the architecture on the street. But the inside is full of 21st Century chic and convenience. . . The…
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