Real Estate News

This section was specifically created by the Center City Team to provide the most up to date real estate news and data pertaining to the Philadelphia community. Find all of the real estate related news impacting Philadelphia and the surrounding suburbs.

We hope you enjoy the information we offer! If we can help you in any way, please speak with one of our talented real estate agents, or directly contact the Center City Team office: 215.440.2093

September 29, 2011

Fed Annouces Operation Twist

Fed Annouces Operation Twist I’ve been meaning to blog about this for about a week and I figured better late than never.  Article compliments of Jason Griesser of Trident Mortgage. Federal Reserve Chairman Ben Bernanke, acting more aggressively than expected, launched a new package of measures to support a limping economy and once again took the kind of unconventional approach […]
September 27, 2011

Paint Torch and Grumman Greenhouse For Lenfest Plaza

Paint Torch and Grumman Greenhouse For Lenfest Plaza In what I think is a really cool story, sculptor, and 2008 Pennsylvania Academy of Fine Art graduate, Jordan Griska will install a bent, decommissioned Cold War submarine bomber airplane into the ground next to his alma mater. Installation is set for today through Thursday if the weather cooperates. Lenfest Plaza’s formal […]
September 26, 2011

Lots Of Philadelphia Real Estate News

Lots Of Philadelphia Real Estate News New Center City Hotel Coming to 1200 Arch Street PlanPhilly reports that a new hotel is coming to Center City Philadelphia. Mayor Nutter, along with people representing Parkway Corporation, and elected officials and the city’s hospitality sector announced the new Center City hotel today at 11am. Mayor Michael Nutter, Joseph Zuritsky, Chairman and CEO […]
September 23, 2011

Philadelphia Real Estate and Beyond September 23, 2011

Philadelphia Real Estate and Beyond September 23, 2011 Philadelphia Named Walk Friendly City– Philadelphia was named a Walk Friendly Community by the Pedistrian and Bicylc Information Center (part of the University of North Carolina’s Highway Safety Research Center) for its recent efforts to encourage walking. The designation comes from the Pedestrian and Bicycle Information Center, which is part of the […]
September 23, 2011

PECO Building Flashing “Art In The Air” In Logan Square Neighborhood

PECO Building Flashing “Art In The Air” In Logan Square Neighborhood The PECO building at 23rd and Market in the Logan Square Neighborhood is known for flashing the time and local temperature but now PECO is displaying local works of art. The “Art In The Air” project is a partnership with Breadboard, a program of the University City Science Center […]
September 21, 2011

Philadelphia Chinatown Development Corporation Building 23 Story Tower

Philadelphia Chinatown Development Corporation Building 23 Story Tower PlanPhilly reports that The Philadelphia Chinatown Development Corporation is attempting to build a 23-story, 265-foot-high residential and office tower, with a community center on the ground floor, on two parcels at the northwest corner of Vine and 10th streets.   The project is called Eastern Tower Community Center, and is a partnership between […]
September 20, 2011

Philadelphia Real Estate and Beyond September 20, 2011

Philadelphia Real Estate and Beyond September 20, 2011 New Fairmount Mexican Restaurant- In January 2012, La Calaca Feliz, a contemporary modern Mexican restaurant will occupy the space that formerly housed Illuminare at 2321 Fairmount Avenue. in the Art Museum Neighborhood. Owner Brian Sirhal and head chef Tim Spinner are former associates of Jose Garces. (NakedPhilly) Race Street Pier Update – […]
September 19, 2011

Philadelphia Real Estate Market Data August 2011

Philadelphia Real Estate Market Data August 2011 Here’s the most recent sales data compliments of TREND MLS: Philadelphia County Real Estate Market History In Philadelphia County, Settled units increased 11% in August 2011 compared to August 2010, to 807. In that same time period, Average Settled Price increased 12%, to $168,000. Single-Family Aug. 2010 Aug. 2011 Inventory 9,002 8,620 Settled […]
September 15, 2011

Philadelphia Mortgage Rates Lowest Since 1950s

Philadelphia Mortgage Rates Lowest Since 1950s Philly real estate agents who work for Prudential Fox & Roach, Realtors received this email today from Larry Flick – our CEO: “The silver lining on our sluggish economic cloud is that mortgage rates are at a new record low. Please see the following article and feel free to share with your clients. For […]