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NEWS
October 23, 2012 | BY JOHN F. MORRISON, Daily News Staff Writer
LEONARD WARREN Simpkins Jr. would be cooking a meal or riding in his car and the muted trumpet of Miles Davis would be filling the air with jazz. Leonard was a big jazz fan and the late trumpeter was his favorite, although he also dug John Coltrane, Wes Montgomery and Charlie Parker, among others. And he didn't just listen to their music. He had firm opinions about the artists - which ones were the best and why, which ones mediocre - as well as an encyclopedic knowledge of their work.
NEWS
December 14, 2012
DEAR HARRY: I have a good pension plan where I work, and I have been contributing right up to the maximum allowed. The company matches my contributions up to 6 percent of my pay. Today, I saw some guru on TV telling people that any money above what the company will match should go into real estate. He was even going to the point of telling viewers to move to a bigger home with a bigger mortgage. With low interest rates and the threat of inflationary policies in Washington, he insisted that this was a no-brainer.
NEWS
August 25, 1995 | by Jacqueline Love, Daily News Staff Writer Staff writer Earni Young contributed to this story
Want to buy a house? Need advice on what to do now that you're moving for the first time? If so, the answers can be as close as your personal computer. Log on and link up to the LibertyNet, where cyberspace meets real estate. LibertyNet is a regional computer-based network with information about lots of things - community organizations, educational institutions, historic and cultural attractions, local government and business in the Philadelphia region. And real estate.
NEWS
September 5, 2000 | By Kay Raftery, INQUIRER SUBURBAN STAFF
Selling a house can be like losing an old friend. The attachment between home and homeowner can run that deep because of the sense of history and familiarity. And when the owner is an older person and the history spans decades, the loss can be quite painful, real-estate agents say. Jean Brenner of Richboro, who has sold real estate for 23 years, knows this from personal experience. After selling her home of 18 years, she found herself getting weepy all the time. "I was depressed but didn't know why," Brenner said.
NEWS
June 29, 2007 | By Harold Brubaker, INQUIRER STAFF WRITER
In a stunning move linked to a federal investigation, Vernon W. Hill II is leaving Commerce Bancorp Inc., which he founded more than 30 years ago and built into a $47 billion bank that helped change the face of retail banking. The Cherry Hill bank said today that Hill, 61, would immediately depart from its main operating subsidiary and would retire as chairman, president and chief executive of Commerce Bancorp on July 31. Commerce stock climbed on the news, as investors placed bets that the company will be sold.
NEWS
November 12, 1993 | By Mary Blakinger, INQUIRER CORRESPONDENT
Flora K. Rubin cannot stand inertia. That's why she teaches ethics to real-estate agents, sells about $8 million worth of real estate a year, and works on a task force that is proposing revisions in real-estate law. It's also one reason why the Pennsylvania Association of Realtors recently chose Rubin, of Narberth, for its 1993 Outstanding Service Award. "She doesn't recognize the words, 'It can't be done,' " said Rubin's friend and colleague, Carolyn Eagan. It was Eagan, executive vice president of the Main Line Board of Realtors, who submitted Rubin's name to the 26,000-member state association for consideration for the award.
BUSINESS
September 22, 1992 | by Earni Young, Daily News Staff Writer
When the Berlin Wall came tumbling down more than two years ago, followed by the Soviet Union, Binswanger Co. saw a golden opportunity in the rush by American firms to consolidate and relocate their European operations. After a six-month test, the Philadelphia-based firm and Auguste-Thouard of Paris yesterday formally announced the formation of Auguste-Thouard- Binswanger, which will provide international real-estate services. The partnership with France's largest commercial real-estate brokerage is unique, said Frank G. Binswanger 3rd, who has been named a managing director of the new venture.
NEWS
January 21, 1988 | By Chuck McDevitt, Special to The Inquirer
The opening of a new RE/MAX franchise real-estate office at 1001 Baltimore Pike in Springfield has been announced by Michael J. Stefonick, regional director of RE/MAX of Southeastern Pennsylvania. The Springfield office - operating under the name RE/MAX Delco - is the 46th franchise in the Southeastern Pennsylvania regional group. The franchise is owned by Paul V. Kazunas. The 4,500-square-foot office employs seven sales associates. Projections call for the addition of about 15 associates within nine months, according to Kazunas.
REAL_ESTATE
July 17, 1986 | By LEW SICHELMAN, Special to the Daily News
Two years ago Clark Firestone, an old buddy from my high- school days, was like a lot of would-be real-estate investors. He had heard about people who made fortunes in real estate while sheltering a good bit of their incomes, and he wanted to do the same. But he was scared to death. Today, Firestone and nine of his friends and neighbors are in the process of purchasing their 10th property. When the deal goes to settlement in the next few weeks, they'll own about $500,000 worth of real estate between them.
NEWS
March 27, 1987 | By CYNTHIA BURTON, Daily News Staff Writer (Staff writer Gary Thompson also contributed to this report.)
The biggest "if" in Mayor Goode's proposed $1.8 billion budget has real- estate developers and investors coming up with a few "ifs" of their own. Goode's plan to sell two city office buildings - City Hall Annex and the Municipal Services Building - for $65 million and lease them back for $14 million a year is the biggest link in the fiscal chain that would keep taxes and services where they are. But several developers said they'd rather knock...
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ARTICLES BY DATE
BUSINESS
April 20, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
One in a continuing series spotlighting real estate markets in the region's communities. When the housing bubble exploded in 2007, it ripped away nearly 25 percent of the value of Bristol Township's homes. For many in this Bucks County community, short sales and foreclosures followed, slowly and painfully, over the next five years. Veteran Coldwell Banker Hearthside agent Ellen M. Cassidy, who has been selling homes here for three decades, offers this welcome news: The real estate market has started to improve.
BUSINESS
April 17, 2015 | By Harold Brubaker, Inquirer Staff Writer
More than half the suburban real estate agents involved in Philadelphia transactions during the four years ended June 30, 2014, did not comply with license and tax requirements, according to a survey by the Philadelphia Office of the Controller. Of the 389 agents surveyed, 108 responded, and 56 of them admitted that they did not have a commercial activity license or a business income and receipts tax account number. Those agents accounted for $56 million during the period under study, which means the city missed out on $380,000 in taxes from those sales.
BUSINESS
April 15, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
Despite the lingering downturn and the "tiny house" craze, mostly upscale suburban buyers continue to favor larger new houses on ever-shrinking building lots. The age of the buyer doesn't seem to matter. About 43 percent of 2,000 adults surveyed nationally would prefer homes bigger than what they live in now, the real estate search engine Trulia found. Baby boomers preferred bigger by a narrow margin, while millennials and those considered Generation X favored larger in even-greater numbers.
BUSINESS
April 7, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
One of the nation's biggest retail landlords says it has turned the page on last year's troubles and is ready to grow again. Five months after its stock lost more than half its value in a financial-reporting scandal, American Realty Capital Properties (Nasdaq: ARCP), one of many firms set up by Jenkintown scrap-metal heir-turned-property mogul Nicholas Schorsch, still controls impressive assets: nearly 5,000 Lowe's building-supply stores, Red Lobster restaurants, CVS pharmacies, Citizens Bank branches, and others, totaling over 100 million square feet.
NEWS
March 26, 2015
M IKE MAHER, 32, of Southwest Center City, is co-founder and CEO of Houwzer. The startup wants to disrupt the residential real-estate-brokerage biz by creating a more competitive marketplace for home buyers and sellers. Maher and his wife, Jennifer, co-founded the Center City co-working space Benjamin's Desk in 2012. Houwzer is located in Benjamin's Desk. Q: How did Houwzer start? A: My partner Kevin Baird approached me in October 2013. He'd been developing townhomes here and was frustrated by big commission checks for real-estate agents when he was doing much of the work.
REAL_ESTATE
March 16, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
After 120 installments of my "Town by Town" column in the Sunday Business section, I can state two things without fear of contradiction: First, all real estate is local, local, and local. Second, no two real estate agents agree unequivocally on the state of the market in which they work. It's one of those glass-half-full/glass-half-empty situations and applies even if the agents work in the same office. For that reason, I often don't talk to more than two real estate agents per location.
BUSINESS
March 11, 2015 | By Harold Brubaker, Inquirer Staff Writer
Shares in Gaming & Leisure Properties Inc. climbed $4.06, or 12.5 percent, after the Wyomissing, Pa., company announced a hostile, $4.1 billion offer for the real estate holdings of Pinnacle Entertainment Inc., a Las Vegas casino company. It was the biggest one-day gain for Gaming & Leisure Properties since the real estate investment trust was spun off from Penn National Gaming Inc. in the fall of 2013 to own most of Penn National's real estate. The stock closed at $36.43. Pinnacle owns 15 casinos and announced last fall that its board had decided to split into two companies, one to own its real estate and one to operate its casinos.
REAL_ESTATE
March 8, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
I wrote about green building a few weeks back, and about how some studies show that houses with sustainable features sell for 10 percent to 14 percent more than comparable houses without them. I had interviewed Jim Maransky, president of E-Built L.L.C. and builder of the Icehouse in Fishtown, who, while confirming those results, added that the appraisal process is the place "where the green premium many times falls apart. " Others had made the same complaint, and I also was aware that the Appraisal Institute has been trying to address it for several years.
BUSINESS
February 23, 2015 | By Erin Arvedlund, Inquirer Staff Writer
Local start-up Houwzer.com is building a real estate brokerage around helping home sellers save money - by selling their houses practically for free. Yes, the real estate commission for the seller's agent could be a thing of the past. Home sellers save the 3 percent commission by listing their property with Houwzer.com, says cofounder Michael Maher. "On a $500,000 transaction, we save the seller $15,000," Maher said. Houwzer.com currently has about 60 seller listings on its site, and anticipates 250 listings in 2015, he added.
BUSINESS
February 16, 2015 | By Alan J. Heavens, Inquirer Real Estate Writer
One in a continuing series spotlighting real estate markets in the region's communities.   East Bradford Township is "one of the most desirable places to live in Chester County," says Kit Anstey, of Berkshire Hathaway Home Services Fox & Roach Realtors. He should know: It has been his home for 40 years. To be honest, Anstey's connections here go back three years more, to 1972, "when I joined the Radley Run Country Club. " He has owned two houses in his time in East Bradford, which is west of West Chester but east of West Bradford Township.
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