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Latest News
After 20 years of ownership, Turchi sells Dilworth House to Philadelphia developer
Astoban Investments has paid $7.5 million for Dilworth House, an historic building that overlooks Washington Square in Philadelphia and has been involved in a series of legal battles for more than a decade. John Turchi Jr. sold the property and brings to an end his…
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Fine Print: Stake in Port Richmond property sells for $53M, retail center trades for $20M
A roundup of recent real estate transactions across the Philadelphia region: $53M A venture between Arbah Capital of Saudi Arabia and Hampshire Co. acquired a 90% position in three of four parcels at the Commonwealth Campus, a 100,000-square-foot property at 2301 Allegheny Ave. in the…
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Fine Print: Site sells for new Penn State-Abington housing, Lansdale industrial building trades for $19M
A roundup of recent real estate transactions across the Philadelphia region: $19.5M Velocity Venture Partners paid $19.5 million for 1180 Church Road, a single-story, 452,323-square-foot industrial building on 38 acres in Lansdale. DeSanto Realty Group sold the property, which was built in 1966. Chris Pennington…
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Philadelphia sites selling at torrid pace as developers bank on city’s post-pandemic rebound
A non-descript, single-story, 29,050-square-foot building at 949-77 Marshall St. that sits in the center of several high-growth areas including Temple University, Northern Liberties and Spring Arts, has sold for $5.5 million. Though fully leased to state agencies through at least next year, the building wasn’t…
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