August 5, 2011

It’s Official! – Philadelphia 8th Best City For Bachelors

It’s Official! – Philadelphia 8th Best City For Bachelors Great news for all of the young professional men out there looking for Philadelphia homes and condos – Philadelphia is the 8th Best City For bachelors.  I’m considering printing this article and taping it to my dashboard. ranked the 10 Best Cities for bachelors and surprisingly (to me at […]
August 4, 2011

Benjamin Franklin Post Office and 13 Others to Close?

According to a recent report by the US Post Office, Philadelphia is tied for 3rd place for cities with the greatest number of post offices potentially closing.  Philadelphia earned this distinction by having 14 post offices that may close because of Post Office cuts.  Among the Post Offices on the chopping block is the Benjamin Franklin Post Office – which […]
August 4, 2011

Pat Burrell’s Old City Condo For Sale

Here’s your chance to own the holy grail of Philadelphia real estate celebrity condos. is reporting (with some hilarious commentary) that Pat Burrell’s Rittenhouse Square penthouse condo at The Lanesborough is on the market for $3,000,000.  Naturally it’s listed with Prudential Fox & Roach Realtors.  Here are some of the details: Pat the Bat’s Penthouse unit is a 3 bedroom 3.5 […]
August 3, 2011

Philadelphia Real Estate Development News August 3, 2011

Philadelphia News August 3, 2011  Delaware River Waterfront Corporation begins “pre-development” work at Festival Pier at Intersection of Delaware Avenue and Spring Garden Street. ( Delaware River Waterfront Corporation has begun early planning work on Phase II of Washington Avenue Green Park – a self supporting boardwalk and pier (currently pier 53) that allows visitors the ability to walk out […]
August 1, 2011

Delaware River Waterfront Corporation Begins Preliminary Work on Festival Pier

Delaware River Waterfront Corporation Begins Preliminary Work on Festival Pier is reporting that the Delaware River Waterfront Corporation will begin “pre-development” environmental remediation and planning work that must take place prior to selection of a private developer.  Specifically work is being done at the site of a former incinerator, demolished in the early 2000’s, that took up  7 of the 11.5 acres […]
July 31, 2011

Philadelphia Apartment Market Scorching Hot

Al Heavens of the Philadelphia Inquirer wrote  an article detailing the hot Philadelphia rental market.  The housing downturn, high unemployment, the debt ceiling crisis, and the possibility of further price declines have compelled some potential buyers into leasing in spite of historic interest rate lows.  According to the article the supply of Philadelphia apartments falls far short of the demand […]
July 30, 2011

Debt Ceiling Crisis Hindering Philadelphia Real Estate Market

On Friday a client of mine who has already identified the home he wants to purchase and negotiated favorable price and terms decided to take the weekend before finalizing his agreement of sale to see if the debt ceiling is raised.  This lends credence to the argument I’ve been making all week that some economic damage has already been done by way […]
July 29, 2011

Philadelphia Real Estate Developer Buys Daily News/Inquirer Building

 Real Estate Developer Buys Daily News/Inquirer Building Northern Liberties Developer Bart Blatstein purchased the Daily News/Inquirer Building and the adjacent garage/parking lot located at 400 N. Broad Street from Philadelphia Media Network for an undisclosed amount.  Blatstein, who owns the Piazza at Schmidts to Northern Liberties has been on a bit of a spending spree lately having recently purchased the former State Office […]
July 28, 2011

Philadelphia Real Estate Housing Inventory Down 1%

CalculatedRisk reports that Homes For Sale inventory down 11.1% Year-over-year in July.  HousingTracker reported that the July listings – for the 54 metro areas – declined 11.1% from last year.  The positive effect of the decline in listed inventory is that there will be less downward pressure on housing prices but CalculatedRisk is careful to note that there is still a […]
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