March 13, 2016
As I wrote in this column last week, I recently spent a couple of hours in a room filled with enthusiastic real estate agents and brokers, all of whom appeared to be happy in their work. I talked to many of them, and everyone expressed hope for the spring market. There are those among you who will say, "Of course, they are enthusiastic because it would be counterproductive to be otherwise. " That may be true, but having covered the local real estate community through two major downturns since 1990, let me say I've seen them much less enthusiastic.
March 9, 2016 |
A Los Angeles-based real estate investment and brokerage firm has acquired the 11-story apartment building at 1510 Chestnut St. from Philadelphia's Pearl Properties. Blatteis and Schnur closed in October on the 34-unit building, which has a ground-floor Foot Locker store, managing director Sam Brownell said Monday. The company also owns 1519 and 1521 Walnut St. Brownell declined to disclose his company's purchase price for the Chestnut Street building. A record of the transaction filed with the city assigns it a fair market value of $8.34 million.
March 1, 2016 |
Edward Brooke Stokes, 94, of Devon, an investment brokerage executive and later a commercial real estate developer, died Wednesday, Feb. 17, of respiratory failure at Dunwoody Village. Mr. Stokes was born in Philadelphia, the son of Mary Baldwin Irwin Brooke and Edward Lowber Stokes. The latter was a Republican congressman from Pennsylvania from 1931 to 1935. The younger Mr. Stokes graduated in 1940 from St. Paul's School in New Hampshire. He enrolled at the University of Pennsylvania's Wharton School, but his studies were interrupted by service in the Army during World War II. He graduated in 1946 with a bachelor's degree in economics.
February 28, 2016
Retail by Suzette Parmley does not appear today. Town by Town: In Real Estate, J1 MarketWatch: Sports (back page with Weather) Jobs: Inside Currents
February 14, 2016
One in a continuing series spotlighting real estate markets in the region's communities. There are those who might observe that a visit to Berlin, N.J., was "long-a-coming. " This Camden County borough was originally known by that name, attributed alternatively to shipwrecked sailors looking for a brook with clean water, to stagecoach travelers stopping here on an otherwise boring ride from Philadelphia to the Shore, or, most likely, to the Leni-Lenape and the Lonaconing Trail from the Delaware River to the Atlantic Ocean, as the historic marker notes.
February 1, 2016 |
One in a continuing series spotlighting real estate markets in the region's communities. It was the week before Christmas. You could tell by the way traffic moved through Upper Southampton's shopping areas along Second Street Pike. Unless there were accommodating signals, left turns were not easy to accomplish, as car after car of shoppers jammed the road, also known as Route 232, around lunchtime. "It can be confusing if you aren't a local," says Sharon Ermel Spadaccini, an agent with Berkshire Hathaway Home Services Fox & Roach Realtors in New Hope, who sells in the township.
January 22, 2016 |
A Woolwich Township man was sentenced Wednesday to six years in prison for scamming financially troubled homeowners and soliciting fake real estate investments, netting more than $3 million in illegal profits, U.S. Attorney Paul J. Fishman announced Wednesday. Randy Poulson, 44, had been charged in May 2014 and later pleaded guilty to mail fraud before U.S. District Judge Renée Marie Bumb in Camden. Wednesday, Poulson was back before the judge. According to court documents, Poulson owned and operated Equity Capital Investments L.L.C.
December 5, 2015 |
Following a molto allegro search process, the Curtis Institute of Music board on Thursday approved a new chairman. Real estate mogul Mark E. Rubenstein will succeed Nina Baroness von Maltzahn on June 1, after the end of the academic year, the school announced. Rubenstein, 74, joined the board in 2009, and has been active in matters relating to facilities, governance, and fund-raising. He advised the school on construction of Lenfest Hall, and was a major contributor to the campaign to build the addition.
December 5, 2015 |
Allen Harberg, 81, of Philadelphia, a real estate developer and entrepreneur who championed the cause of underserved neighborhoods, died Tuesday, Dec. 1, of heart failure at Chestnut Hill Hospital. A graduate of the Haverford School and Washington and Lee University, Mr. Harberg was "an entrepreneur in the truest sense of the word," his family said. As a young man, he struck out on his own, developing the Philadelphia Marine Center, the Gateway Care Center, and a joint venture between Delaware County Memorial Hospital and Presbyterian-University of Pennsylvania Hospital to build nursing homes in Wayne, Havertown, and Paoli.