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 15, 2011

Center City District Hires Gilbane To Consult On Dilworth Plaza Project

Center City District Hires Gilbane To Consult On Dilworth Plaza Project PlanPhilly reports that The Center City District his selected Gilbane Building Company to consult and evaluate construction bids for the $50,000,000 Dilworth Plaza renovation. Gilbane is very well regarded nationally and has managed some very high profile construction projects. In Philadelphia Gilbane managed an airport expansion. “Construction on the […]
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September 14, 2011

Art Musuem Neighborhood Gets New BYOB Isabel

Art Musuem Neighborhood Gets New BYOB Isabel As pointed out by NakedPhilly, Isabel, a BYOB by the owners of the Thai restaurant Trio – Van Chau and Michael Poole- is coming soon to the bottom floor commercial space at 2601 Pennsylvania Avenue. The space was previously used as a coffee and bagel shop.  Isabel will serve food with a Mexican-California […]
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September 14, 2011

Philadelphia Real Estate and Beyond 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 […]
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September 14, 2011

Pre-listing Appraisal For The Philadelphia Home Seller?

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 […]
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September 13, 2011

Penn Park Will Connect UPenn to Center City

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 […]
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September 9, 2011

FHA Loan Limits Reduced Effective September 30th

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 […]
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September 7, 2011

Funding Shortfall Delays Renovation of Philadelphia’s Love Park

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 […]
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September 7, 2011

Philadelphia Preservation Alliance Compiling Annual Endangered Real Estate List

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 […]
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September 5, 2011

ESPN Names Chickie’s and Pete’s Best Sports Bar In North America

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 […]
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