Philadelphia Area Real Estate News

News

Grays Ferry Building Sold To Spectrum Health

MPN's Ken Mallin represented the Seller in the $9.43 million deal. Spectrum Health Services Inc. has paid $9.43 million for a 43,847-square-foot building on South 33rd Street in Philadelphia that it has been a tenant in for years. The building at 1325-49 S. 33rd St.…

JessicaAugust 30, 2022

News

Clay Studio Sells Former Old City Home

MPN's Chris Cimino, Roman Melnyk and Steven Clofine arranged the sale. The Clay Studio has sold its former, long-time home consisting of three parcels adjacent to Elfreth’s Alley in the Old City neighborhood of Philadelphia for $3.78 million. IncentFit, a health and wellness technology and…

JessicaAugust 9, 2022

News

Open at last, The Breakfast Den mixes Vietnamese, American cuisine

MPN's Veronica Blum, Joe Scarpone and Erin Martin negotiated the deal. The Breakfast Den, a new Vietnamese and American restaurant, was expected to open months ago. Then the coronavirus pandemic hit, forcing owner Huyen Thai Dinh to wait to swing open its doors. The Center…

JessicaJuly 22, 2022

News

Despite Hurdles, Historic 6th & Girard Closes for $1.5 Million

Josh Nadel and Russ Panchelli arrange sale of historic Farmers' Market House & Hall at 6th & Girard. A developer has purchased an historic building at 6th Street and Girard Avenue in Philadelphia for $1.5 million and plans to develop what was originally known as…

JessicaMay 16, 2022

News

New York firm pays $13.5M for prime Walnut Street building, seeks more Philadelphia deals

MPN's Ken Mallin and Alex Snyder arranged sale. Six Acre Capital, a New York real estate firm, has acquired 1512 Walnut St., one of Philadelphia’s premier High Street properties, for $13.5 million. Pearl Properties, a Philadelphia real estate company, sold the 24,000-square-foot building that has…

JessicaApril 19, 2022

News

Mallin’s Deal at 5th & Spring Garden Among Deal of the Year Winners

Ken Mallin's deal at 5th & Spring Garden tops multi-family land deals for 2021. A key economic indicator for any metropolitan region is the number of towering cranes looming high above. The steel structures signal investment, growth, jobs and consumer confidence. The projects and people…

JessicaApril 1, 2022

News

Dealmaker of the Year: Kenneth Mallin, MPN President & CEO

Ken Mallin's dedication to establishing and maintaining strong client relationships and the innate ability to be creative and patient when it comes to complex transactions has made him and his firm a success. Kenneth Mallin has been active in the Philadelphia real estate industry for…

JessicaApril 1, 2022

News

10th & Fairmount Sold To Cescaphe Founder For Events Businesses

Cescaphe founder and CEO Joe Volpe has purchased a warehouse at Fairmount Avenue and 10th Street in Philadelphia and is converting it into an extension of his event business. Cescaphe founder and CEO Joe Volpe has purchased a warehouse at Fairmount Avenue and 10th Street in Philadelphia and is…

JessicaFebruary 6, 2022

News

Developer Buys 2nd & Poplar For $5M

Catalyst City Development paid $5 million for 828-40 N. 2nd St. — located at the corner of 2nd and Poplar streets — in Philadelphia. Tower Investments was the seller. Catalyst along with Southwood Properties plans to raze an existing 15,000-square-foot building and develop the site…

JessicaFebruary 4, 2022

News

NY Investor Acquires 1617 Walnut, Lands New Tenant

A New York investor has paid $5.34 million for 1617 Walnut St., a 7,000 SF, two-story building in the center of Philadelphia’s High Street retail corridor. While the building has been vacant for the last roughly five years, the new owner secured a tenant, Free…

JessicaJanuary 20, 2022

News

Women of Distinction: Meet MPN’s Veronica Blum

In a year fraught with challenges, this tenacious group of businesswomen rose to the occasion, overcoming obstacles placed in their paths through creative thinking and ingenuity. That’s the same spirit with which they have led their entire careers. The Philadelphia Business Journal is proud to…

JessicaOctober 13, 2021

News

MPN Team Arranges Sale of Synderman’s Gulf Station at 2nd & Vine

In a sale of the former Old City gas station that has been in the works for nearly a decade, the deal will result in redevelopment of the site with townhomes starting at $1.8M OCF Realty has paid $6 million for Snyderman’s Gulf Inc., a…

JessicaJune 16, 2021

News

5th & Spring Garden Deal on 100,000 SF Parcel Closes

NoLibs site trades for $16M, clearing the way for Amazon grocery store and apartment complex. MPN's Ken Mallin , who facilitated the deal, started working on this complex project in February 2016. RREI LLC, a Philadelphia real estate company run by father-and-son duo Neal and Victor…

JessicaMay 21, 2021

News

40 Under 40: Meet MPN’s Nadia Bilynsky

In a turbulent year that shook sectors of business and society to their cores, creativity and perseverance shone through. Solutions were scaled and put in place to maintain connectivity and productivity amid the pandemic. Behind some of that ingenuity were people like this year’s class…

JessicaMay 20, 2021

MPN Realty

Grays Ferry Building Sold To Spectrum Health

Clay Studio Sells Former Old City Home

Open at last, The Breakfast Den mixes Vietnamese, American cuisine

Despite Hurdles, Historic 6th & Girard Closes for $1.5 Million

New York firm pays $13.5M for prime Walnut Street building, seeks more Philadelphia deals

Mallin’s Deal at 5th & Spring Garden Among Deal of the Year Winners

Dealmaker of the Year: Kenneth Mallin, MPN President & CEO

10th & Fairmount Sold To Cescaphe Founder For Events Businesses

Developer Buys 2nd & Poplar For $5M

NY Investor Acquires 1617 Walnut, Lands New Tenant

Women of Distinction: Meet MPN’s Veronica Blum

MPN Team Arranges Sale of Synderman’s Gulf Station at 2nd & Vine

5th & Spring Garden Deal on 100,000 SF Parcel Closes

40 Under 40: Meet MPN’s Nadia Bilynsky

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