Real Estate
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Pennsylvania Supreme Court Halts Bucks County Evictions; Requestors for Help Can Stay Put for 60 Days
If you’re behind on your rent and have applied for assistance, there’s no need to pack your bags just yet. The State Supreme Court approved additional time for tenants in arrears to access aid. Charlotte Keith covered the extension on Bucks County evictions for Spotlight PA. Federal eviction protections expired last weekend, with neither President…
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Bucks County Lags Among Best Markets for Single-Family Rental Properties
Bucks County ranked in the bottom half among best markets for buying single-family rental properties in 2021. ATTOM Data Solutions, Irvine, Ca., analyzed the local trends in a new report. The 1Q 2021 Single Family Rental Market report ranked 495 counties with a population of at least 100,000. It plotted rental data from the U.S.…
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Pohlig Builders, Area Luxury Home Constructor, Looks to Install New Leadership for 2022
Malvern-based home builder Pohlig Builders is finalizing the succession plan it started six years ago to be under new ownership by the end of next year. Natalie Kostelni covered its long-term vision for the Philadelphia Business Journal. The new owners of the builder — known for high-end custom homes in the $5-$10 million price range…
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Meridian Bank House of the Week: A Log Cabin That Eclipses Everything You Ever Knew About Abe Lincoln
The home at 961 West Thatcher Road, Quakertown, may have started as a 1700s simple log cabin, but after its recent eight-year renovation — which had architects actually nest that original dwelling into the new footprint — it’s anything but spartan. The property has the seven-bedroom, six-and-a-half bath home, plus grounds with three ponds, a…
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Commercial Real Estate Market in King of Prussia Continues to Strengthen as Pandemic Wanes
King of Prussia’s commercial real estate market is continuing to strengthen as the pandemic continues to wane, notes the Q2 2021 KOP Commercial Properties Update from KOP-BID, writes Executive Director Eric T. Goldstein. The vacancy rate for Class A office space was at 16.7 percent, which is in line with the previous quarter. However, there…
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Meridian Bank House of the Week: Equestrians with Even a Modicum of Horse Sense Will Jump at This Property
The potential of this purchase Kintnersville property won’t be lost on any buyer who has or wants to have horses. It not only has a large barn and stables, it abuts the Bucks County Horse Park trails. But even if the only horses you’re into are those at an amusement park merry-go-round, the sheer space…
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The Antithesis of the Bucks County Mansion, the ‘Tiny House,’ May Be Real Estate’s Next Big Thing
The out-of-kilter residential housing situation is one of many factors spawning a nationwide real estate trend trend for so-called “tiny houses.” But in reality, purchaser preferences for humble homesteads started in the late 1970s and early 1980s, a pushback of the “greed-is-good” mentality that pervaded popular culture of that era, according to iProperty Management. Tiny…
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Center City’s CRE Vacancy Rates May Be Lower Than Those Here, But Perhaps Not for Long
While Philadelphia’s office market still has a lower vacancy rate than most of Bucks County, this could be changing sometime in near future, writes Harold Brubaker for The Philadelphia Inquirer. A possible glimpse into the future was provided recently by Radian Group, which decided to move its corporate headquarters from Center City into a significantly…
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Meridian Bank House of the Week: Vintage Newtown Farmhouse with All the Modern Bells and Whistles
A circa 1846 luxury estate on 4.5 acres of manicured landscape in Newtown ready to welcome new owners. The four-bedroom, three-and-a-half bathroom home still features its traditional farmhouse roots, but the interior has been given an integrated contemporary style in a series of phased renovations stretching from 2006-2009. . . The foyer is an immediate…
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Sellersville Senior Apartments Already Has a Waiting List, And Its Foundation Hasn’t Even Been Dug Yet
A shortage of affordable 55+ housing in Bucks County has created a feeding frenzy of interested applicants for new apartments in Sellersville. Hopeful home hunters, fearful of missing out, are already on a waiting list a year out from construction completion. Bob Keeler reported the early birds for the Perkasie News Herald. The apartments will…
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Delaware Records Most Expensive Residential Sale Ever; du Pont Estate in Dewey Beach Sells for Millions
The 82-year-old du Pont estate in Dewey Beach, Delaware, sold for a record $9.1 million. The trio of purchasers plan to raze the property and rebuild anew, writes Kennedy Rose for the Philadelphia Business Journal. The transaction represents the most expensive residential sale in Delaware. The property, known as Sandaway, was originally listed for $11.5…
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PREIT Secures Loans With Properties From Its CRE Portfolio, Including Court of Oxford Valley
The Pennsylvania Real Estate Investment Trust (PREIT), property owner for numerous East Coast-based malls and shopping complexes, recently secured $172 million in loans. One of its collateralized properties is in Bucks County, reports Natalie Kostelni for the Philadelphia Business Journal. The Court of Oxford Valley, the 21-store open-air retail complex in Fairless Hills, is one of the anchors for a $27.5 million, 10-year,…
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Meridian Bank House of the Week: Your Chance to Buy the Oldest Home Currently on the U.S. Real Estate Market
The opportunity to purchase a truly historic structure is yours. This four-bedroom, 3.5-bath English-style cottage in New Hope was built in 1650 — well over a century before the American Revolution. Its quaint exterior, however, belies the extensive renovations that have brought the inside into the 21st Century, with no sacrifice of charm or appeal.…
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Outdoorsy West Coast Horse Trainer Moved to Bucks County Because She ‘Especially Missed the Snow’
Patty Patterson describes herself as being “country.” She left urban Cleveland and has lived in California. But her wish to experience all four seasons — especially snow — led to a Bucks County move. Beth Buxbaum covered her cross-country relo for Bucks County Magazine. In addition to the local weather, Peterson favored vintage farmhouses. Her realtor showed her the 19-acre Spring Meadow Farm and Estate in Buckingham Township, which dated to 1790. For…
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The Pandemic Didn’t Stop Around Nine Million Americans from Moving Last Year
Despite the pandemic that has been wreaking havoc around the globe, around nine million Americans decided to move to new homes since the outbreak of the virus, writes Molly Henderson for Moving Company Reviews. However, a significant part of these moves last year were not specifically COVID-19 related. According to Marie Patino of Bloomberg, the…
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Meridian Bank House of the Week: The Chance to Live Like Belgian Royalty in Doylestown
A unique home, like something out of a storybook, is available via this one-of-a-kind Doylestown home. It took two architects to create the desired impression of a castle, but the inside, with its six bedrooms and 5.5 baths, is nonetheless warm and inviting. The idyllic property provided a retreat for the original 1950s owners, as…
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Cole Hamels Puts His All-Star of a Home in Newtown Square Up for Sale
Ever wanted to live in the home of a World Series MVP? Now’s your chance. . . Former Phillies ace Cole Hamels and his family are selling their Newtown Square home. Asking price: $2.95 million, writes Kennedy Rose for the Philadelphia Business Journal. Hamels and his wife, Heidi, a player on Survivor: The Amazon, custom-built the…
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Meridian Bank House of the Week: Massive New Hope French Estate Is Très Magnifique
A spectacular French European mansion built into a hillside of Jericho Mountain with six bedrooms and seven full and three half bathrooms is available for sale in New Hope. . . Set on 11 beautiful acres, this palatial residence offers unmatched details and amenities. They include intricate moldings and millwork, gold fixtures, dozens of crystal…
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