September 14, 2011
Philadelphia Real Estate and Beyond September 14, 2011 Hotel Monaco Breaking Ground, Opening Summer 2012- The Hotel Monaco Philadelphia, part of the Kimpton Hotel Group, will break ground imminently and open next summer. The hotel will overlook Independence Mall in the historic Society Hill neighborhood and be located adjacent to the Bourse and the National Museum of Jewish History. The […]
September 14, 2011
Pre-listing Appraisal For The Philadelphia Home Seller? Al Heavens wrote an article in Philly.com asking if s a pre-listing appraisal a good idea for the Philadelphia seller of real estate? Appraiser Michael Coyle, of the Coyle Group in Erdenheim, responded to a “Home Economics” article on the difficulties surrounding home appraisals. He said he was surprised that none of the […]
September 13, 2011
Penn Park Will Connect UPenn to Center City The University of Pennsylvania’s latest real estate acquisition used to be a 14 acre parking lot for mail trucks according to a recent Philly.com article. After investing two years and 46 million dollars the land has been transformed in Penn Park the centerpiece of Penn’s long term plan to connect the 283-acre […]
September 9, 2011
FHA Loan Limits Reduced Effective September 30th Jason Griesser, mortgage broker extraordinaire, recently put a very important post up on his blog. Borrowers seeking to take advantage of historically low mortgage rates AND the FHA minimum down payment of 3.5% will soon see the maximum loan amount then can get lowered. The bottom line is that buyers currently looking will […]
September 7, 2011
Funding Shortfall Delays Renovation of Philadelphia’s Love Park PlanPhilly.com reports that funding problems have the renovation of Love Park and the parking garage below it behind schedule already. The project’s financial requirements are in the $30-35 million range and the financing is not yet in place. Consequently the architecture and engineering consultant that was to be selected in April has […]
September 7, 2011
The Preservation Alliance for Greater Philadelphia is currently compiling its annual list of Endangered Properties from nominations submitted by concerned citizens in the Philadelphia real estate community. The 2011 list will be released in December in an attempt to draw attention to historic real estate and to garner support for preservation. The Alliance has been distributing the annual list of […]
September 5, 2011
ESPN Names Chickie’s and Pete’s Best Sports Bar In North America South Philadelphia – Here’s how the website described the contest: “After sorting through 5,000 nominations and tallying up more than 15,000 votes, we are pleased to announce the winner of the 2011 Best Sports Bar in North America contest. Your winner is…Chickie’s and Pete’s in Philadelphia! We’ll be hosting […]
September 3, 2011
New Investors Attempt To Revive Foxwoods Casino According to Philly.com a new investor team is attempting to revive the Foxwood Casino project however gaming regulators in Pennsylvania claim they don’t have the authority or desire to reinstate Foxwood’s revoked casino license. Foxwoods lost its license last December and they are now trying to extend their appeal in Pennsylvania Commonwealth Court. […]
September 3, 2011
Philadelphia City OPA Officials ReAssessing Home Values According to Philly.com, Officials from the Philadelphia Office of Property Assessment (OPA) are finally hitting the streets to determine the market values of Philadelphia houses. Inevitably this will mean higher property taxes for owners of Philadelphia real estate. “Chief Assessment Officer Richie McKeithen said that after a year of reviewing data and training […]