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REAL_ESTATE
January 12, 2014 | By Christine Bahls, For The Inquirer
Lovers of real estate metrics, you're going to need a bigger hard drive. Yet another index is now available, this one gauging the so-called real estate health of 30 major American cities. Zillow's newly released Market Health Index (see it at http://goo.gl/t9RdKd ) also allows the prospective home buyer to peek at the market condition of a particular neighborhood, by zip code. Zillow looks at an area's health through the prism of 10 economic factors, including the number of foreclosures, the number of days houses spend on the market, sale prices, the extent of delinquency, and so on. Then, after combining those factors, Zillow ranks the cities against one another on a scale of 1 to 10. It does the same for the neighborhoods.
BUSINESS
January 8, 2014 | By Maria Panaritis, Inquirer Staff Writer
This story was updated at 8:30 a.m. Tuesday. The historic townhouse that houses the retailer Anthropologie at 18th and Walnut Streets is for sale and possibly weeks away from settling for around $35 million, which would deliver a staggering profit to Robert Ambrosi and the partners with whom he bought the marquee property for $1 million in 1995. The asking price for the four-story, 23,600-square-foot house, built in 1898, was about $40 million when it hit the market late this summer.
NEWS
December 18, 2013 | By Carolyn Davis, Inquirer Staff Writer
HAVERFORD The case of two Main Line real estate agents accused of trying to sabotage the sale of their next-door neighbor's property because their own home also was on the market has ended much more quietly than it began. In a two-day bench trial that ended Dec. 6, District Judge Kathleen M. Valentine found Jonathan M. Straub, 41, guilty of harassment and disorderly conduct and fined him $25. Straub's trial took place after the Montgomery County District Attorney's Office withdrew similar charges in November against his wife, Andrea D. Straub, 35. Prosecutors determined there was not enough evidence to prove she was guilty beyond a reasonable doubt, Assistant District Attorney Kathleen Colgan said.
NEWS
November 29, 2013 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
IF YOU WERE a member of the family of Edna Mae Bantom, you didn't have to worry about looking stylish when you went out on the town. Edna was a magician with needle and thread, and made clothes for both women and men in her family, as well as neighbors in her Kingsessing community who needed her special touch. "She made my senior prom dress," said her daughter, Mary K. Bantom. "It was beautiful, one of a kind. When people asked me where I got it, I said, 'Mommy did it.' " Edna Bantom, who was self-employed as a seamstress for a time, then sold real estate for a firm established by her late husband, an active churchwoman and devoted family matriarch, died Nov. 21. She would have been 93 tomorrow.
NEWS
November 13, 2013
Sunday's Real Estate section erred in describing how much an addition to a Main Line house would increase its value. Once the addition is completed, the anticipated value of the house will be $1,075,000.
BUSINESS
October 29, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
Banks moved out, theaters moved in, and - if the price of real estate in the neighborhood is any sign - things got a lot better around South Broad Street after the birth of the Avenue of the Arts. Back in 1993, Peter C. Soens recalls, he sold the former Girard Bank building at Broad and Chestnut Streets, now home to the Ritz-Carlton, for $2 million. Soon afterward, Soens, a partner at the commercial building broker and manager SSH Real Estate, sold One East Penn Square, across from City Hall, for $2.1 million.
NEWS
October 16, 2013 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
WHEN JACK McHenry shipped out with the first Marine Division for combat in the South Pacific in World War II in 1942, he promised his bride he would return when the war was over. He kept his promise, returning on VJ Day, Aug. 16, 1945, the day Japan surrendered. He left behind a history of some of the most critical battles of the South Pacific war - Guadalcanal, Cape Gloucester, Peleliu, Okinawa - names that resonate in Marine Corps legend with blood and glory. Jack participated in each of these island invasions.
BUSINESS
October 15, 2013 | By Alison Burdo, Inquirer Staff Writer
A recently launched crowdfunding campaign will give Pennsylvania residents the chance to invest in real estate while challenging the traditional financing model. "It is a whole new generation of development," said Daniel Miller, cofounder of Washington-based Fundrise L.L.C., an online platform that allows individuals to invest as little as $100 in real estate development. With the assistance of Fundrise, developer Shift Capital is hoping to raise $500,000 of the $3 million it needs to rehab the 7,500-square-foot future Manayunk home of the Transfer Station, which will offer retail, office, and event space for paying members to share.
NEWS
September 21, 2013 | By Bonnie L. Cook, Inquirer Staff Writer
Jill Felix Colton, 69, of Philadelphia and Longboat Key, Fla., a real estate company executive with a prominent public profile, died Monday, Sept. 16, at Sarasota Memorial Hospital in Florida. The cause of death was a rare form of endometrial cancer, said her stepson Andrew Colton. Mrs. Colton's most recent role as chief executive of the University City Science Center kept her in the public eye, as did her senior position with Liberty Property Trust of Malvern, the real estate firm founded by Willard G. Rouse III. She handled the quirks of public life adeptly.
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