Lafayette Hill
REAL ESTATE
73-Acre Chester County Property Snatched Up By Fort Washington Homebuilder
Fort Washington-based Foxlane Homes buys a 73-acre undeveloped property in Chester County, with plans to build dozens of single-family homes. Fort Washington-based Foxlane Homes has bought a 73-acre undeveloped property in Chester County, where it plans to build dozens of single-family homes, writes Paul Schwedelson for the Philadelphia Business Journal.
Hudson Atlantic’s Zweibel orchestrates sale of Garrett House Apartments in Drexel Hill, PA
Drexel Hill, PA — Garrett House Apartments, a landmark 57-unit apartment building nestled in the heart of Drexel Hill, has recently been sold after forty years under the original owners. The property has been sold for $6 million at a 5.75% cap rate. The sale was orchestrated by Adam Zweibel, founder, and managing partner of Hudson Atlantic, a leading real estate brokerage firm specializing in multi-family properties.
Affordable housing in Grays Ferry; Phillies’ best team ever; SEPTA safety order | Morning roundup
‘It’s just a blessing’: Philly officials and residents celebrate affordable housing development in Grays Ferry. Plan Philly’s Aaron Moselle writes about how the Philadelphia Housing Authority (PHA) partnered with the nonprofit Women’s Community Revitalization Project (WCRP) to jointly subsidize 27 units at the Arlene Thorpe Townhomes, with monthly rent ranging from $282 for a one-bedroom apartment to $890 for a three-bedroom unit.
Newrez LLC Earns Spot in Scotsman Guide’s 2024 Top Mortgage Lenders
FORT WASHINGTON, PA — Newrez LLC has secured a place in the Scotsman Guide’s 2024 Top Mortgage Lenders list, an annual ranking that celebrates excellence in the mortgage industry. This accolade highlights both leading mortgage lenders and individual loan originators (LOs). Newrez has consistently demonstrated industry leadership, frequently...
New York Times: Delaware County Homeowners Pay More These Days for Insurance
The average Delaware County homeowner paid a lower premium last year, $1,969, to insure their homes than the average U.S. households paid, which was $2,530. Delaware County insurance premiums cost about .6 percent of a typical home’s value. Even so, Delaware County insurance premiums were 29 percent higher than...
Corten Real Estate Closes Second Fund, Exceeds Target with $283 Million
PHILADELPHIA, PA — Corten Real Estate Management LLC announced the final closing of its second commingled fund, Corten Real Estate Fund II LP, along with a discretionary co-investment sidecar on March 28, 2024. Combined commitments reached $283 million, surpassing the $250 million target. Investors included public pension plans, Taft-Hartley plans, foundations, endowments, and major family offices.
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