Philadelphia Area Real Estate News

News

Philadelphia multifamily investors in ‘dealmaking mode’ as rate cuts bring buyers back to market

From historic downtown apartment towers to portfolios in neighborhoods adjacent to Center City, sales of Philadelphia multifamily properties are picking up. Both The Drake and The Lofts at 1835 Arch sold in November. And the trades aren't just among the largest assets. Forty-one units in…

MPN RealtyDecember 5, 2025

News

University City apartment portfolio sells to local investor, renovations planned

A six-building University City apartment portfolio has been purchased for $5 million by a local buyer who plans to renovate units as leases turn over. Story Highlights Loonstyn Properties purchased 41 apartments in University City for $5 million. The portfolio includes six buildings near Drexel…

MPN RealtyOctober 16, 2025

News

Why so many out-of-town restaurants are opening in Philly

New York's Cellar Dog just opened in Center City. The 2025 restaurant scene is expected to see branches of Ayat, Medium Rare, Gertie, Pig & Khao, the Newsroom, and others from New York and D.C. Medium Rare, a steak-frites specialist from Washington, D.C., will open…

MPN RealtyDecember 24, 2024

News

South Philly Strip Club Show & Tel Listed For Sale on Columbus Boulevard

For more than 30 years, Show & Tel has catered to Philly's salacious club scene with an all-nude show and mega store stocked with X-rated videos and fetish gear. But it looks like the strip club could be nearing the end of its run at…

Lauren HorneJuly 3, 2024

News

Philadelphia Business Journal Reports ‘Done Deals: Center City apartment portfolio sells; $16.1M loan secured for Kensington development’

A roundup of recent real estate news in the Philadelphia region: A 26-unit portfolio of three apartment buildings at 2205 Walnut St. (pictured), 2213 Walnut St. and 126 S. 22nd St. sold for $4.3 million. $4.3 million AMC Delancey Group’s portfolio of three apartment buildings totaling…

Lauren HorneSeptember 25, 2023

News

More Properties Hit The Market As Walnut Street West of Rittenhouse Square Heats Up

As Center City development progresses westward, a handful of properties are up for sale in what has become a hotspot between Rittenhouse Square and the Schuylkill River. AMC Delancey Group has listed three apartment buildings near the intersection of 22nd and Walnut streets for $4.5 million,…

Lauren HorneSeptember 11, 2023

In The Know News

$100 million, 250,000-square-foot University Place 3.0 nears completion

The state-of-the-art life sciences building in University City, spanning 250,000 square feet, is nearing completion and retail curation is well underway with only a few spaces remaining. Exciting retail announcements, which include an anchor restaurant/ bar, cafe, and other F&B operators are coming soon.…

JessicaJune 30, 2023

News

Construction Progresses at 207-11 Vine Street in Old City

Exciting construction update at 207-11 Vine St. in Old City. Ken Mallin and Nadia Bilynsky of MPN Realty sold this 14,600 +/- SF historic development site in 2021. The project consists of a new construction 6-story building at 211 Vine St., 2 new townhomes, and…

JessicaJune 19, 2023

News

Fulton Bank moves forward with fit-out at 3.0 University Place with opening planned for late summer

PHILADELPHIA, June 1, 2023 – As 3.0 University Place nears completion, interest in the first floor retail space is gaining momentum following Fulton Bank’s decision to lease 2,250 sq. ft. in the life sciences showcase building. “Fulton Bank is one of the premier community banking…

JessicaJune 5, 2023

In The Know News

Trocadero Theatre Price Reduction

The historic Trocadero Theatre is available for lease with MPN Realty and now has a price reduction. The Trocadero is the only 19th century Victorian theater still in operation in the United States and is listed on the Philadelphia and U.S. Register of Historic Places.…

JessicaJune 2, 2023

News

2022 BEST REAL ESTATE DEALS AND DEALMAKERS

Each year, the Philadelphia skyline changes and as it continues to fill in, it demonstrates how certain industries and segments are thriving in the region. Economic uncertainty plagued much of 2022 and the same remains true well into 2023. But looking around the region at…

JessicaApril 17, 2023

News

Nadia Bilynsky Becomes Partner at MPN

Nadia Bilynsky has become a partner at MPN Realty as of the start of 2023, joining senior partners Ken Mallin and Veronica Blum. Bilynsky, who is among the city’s top retail leasing agents, was promoted in 2022 to helm MPN’s leasing division. She dedicated herself…

JessicaMarch 14, 2023

News

Famous 4th Street Delicatessen formally lists for sale at $5.95 million

MPN's Steven Clofine, Veronica Blum and Joe Scarpone represent the seller. The 100-year-old Famous 4th Street Delicatessen in Queen Village is officially being listed for sale with an asking price of $5.95 million. Philadelphia commercial real estate brokerage MPN Realty posted the listing for the…

JessicaFebruary 23, 2023

News

MPN’s Roman Melnyk a Rising Star honoree

Roman Melnyk among this year's 2022 Rising Star honorees. Each year the Philadelphia Business Journal honors the Best Real Estate Deals, Dealmakers and Rising Stars in the region. The Dealmakers and Rising Stars categories recognize the people behind impactful deals and projects throughout Greater Philadelphia…

JessicaFebruary 16, 2023

MPN Realty

Philadelphia multifamily investors in ‘dealmaking mode’ as rate cuts bring buyers back to market

University City apartment portfolio sells to local investor, renovations planned

Why so many out-of-town restaurants are opening in Philly

South Philly Strip Club Show & Tel Listed For Sale on Columbus Boulevard

Philadelphia Business Journal Reports ‘Done Deals: Center City apartment portfolio sells; $16.1M loan secured for Kensington development’

More Properties Hit The Market As Walnut Street West of Rittenhouse Square Heats Up

$100 million, 250,000-square-foot University Place 3.0 nears completion

Construction Progresses at 207-11 Vine Street in Old City

Fulton Bank moves forward with fit-out at 3.0 University Place with opening planned for late summer

Trocadero Theatre Price Reduction

2022 BEST REAL ESTATE DEALS AND DEALMAKERS

Nadia Bilynsky Becomes Partner at MPN

Famous 4th Street Delicatessen formally lists for sale at $5.95 million

MPN’s Roman Melnyk a Rising Star honoree

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Since 1992