Pennsylvania will finally grant the tax deferral benefit of 1031 like-kind exchanges beginning in 2023
What does that mean for real estate professionals and their clients? A 1031 exchange allows the seller of business use or investment property to defer the gain when exchanging for another business use or investment property. An exchange is much like the sale of one...
Philadelphia’s First Topgolf Location Opens In Somerton Near Roosevelt Boulevard
The city’s first Topgolf location is located right off Roosevelt Boulevard in Northeast Philadelphia. It features three floors, multiple bars, and more than 100 hitting bays, where golfers of any age and ability can let loose. View the Full Story Categories Blog...
Hanks Place files rebuild plan
The march to get Chadds Ford’s iconic restaurant back up and running has begun. But, when it will all come to fruition for the owners of Hank’s Place remains a guess. As most everyone in the area knows, Hank’s was wiped out in the flooding from Hurricane Ida, and...
2 New Food Establishments Planned for Lawrence Park Center in Broomall
Food lovers will have to wait a bit, but there are two establishments getting ready to take up space at the Lawrence Park Shopping Center in Broomall, writes Max Bennett for patch.com. A P.J. Whelihan’s Pub is slated to open a new location at the center in about nine...
New Ace Hardware Store opening in New Garden later this month
NEW GARDEN — Ace Hardware, which has opened 110 new stores this year, will open another in New Garden Township by the end of the month. View the Full Story Categories Blog Events Industry News Social Media Zommick McMahon In The News Follow Us Follow us on Twitter...
Topgolf Adding Two More Nearby Links to Its Chain of High-Tech Driving Ranges
Topgolf’s two new, local sites will make it very easy for Chester County golfers to practice short pitches and monster tee-shots, all while enjoying beverages and snacks. Natalie Kostelni for the Philadelphia Business Journal reports on the brand’s extension into both...
Commercial Real Estate Outlook: A Look Back At 2020 And What’s Ahead In 2021
Throughout 2020, commercial real estate demonstrated its stability and value despite a wide range of unanticipated challenges. While we can generally understand the market within a 10-year timeframe that includes adapting to market corrections, the global Covid-19...
Commercial Real Estate Expected to See Strong Gains in Industrial Market
Convenience store giant Royal Farms launched its first store in Baltimore five years before the first Wawa ever opened its doors in Pennsylvania. View the Full Story Categories Blog Events Industry News Social Media Zommick McMahon In The News Follow Us Follow us on...
New owners for Dilworthtown Inn
After almost a year, the Dilworthtown Inn has new owners. Frank Rupp, a member of the board of Chadds Ford Business Association, and his wife Susan made settlement earlier this month for the inn and sister properties, the Blue Pear Bistro and the Innkeeper’s Kitchen....
Prendie’s Been Sold: Former High School Clears Another Hurdle Toward Becoming a College Campus
The former Archbishop Prendergast High School building, which started out as an orphanage before being converted to a prominent Catholic high school, now seems destined to be a new community college campus. Delaware County Community College and the Archdiocese of...
La Peña Mexicana : Award-winning restaurant – Kennett Square
KENNETT SQUARE—La Peña Mexicana is open every day, and most days Julian Peña himself is there to welcome customers. This award-winning restaurant, a Kennett Square landmark that Philadelphia Inquirer restaurant critic Craig LaBan describes, with all affection, as...
WASABI SIGNS A LEASE FOR 1,600 SQUARE FEET IN THE SHOPPES AT LONGWOOD VILLAGE IN KENNETT SQUARE, PA.
Kennett Square, PA – Wasabi Chinese and Japanese Restaurant has leased 1,600 square feet of retail space in the Shoppes at Longwood Village and will be opening Fall 2019. Wasabi, with locations in Bradford Square and the Shoppes at Dilworthtown Crossing in West...
What to make of Valley Forge’s Kennedy Supplee Mansion, still up for lease & undergoing renovations
The historic Kennedy Supplee Mansion at the Valley Forge National Historical Park is undergoing hundreds of thousands of dollars in renovations in the hopes of attracting future tenants, writes Kenneth Hilario for the Philadelphia Business Journal. The building, once...
Royal Farms Kicks Off First Chicken Palooza
The convenience store retailer is also offering $1 any size fountain drinks, slushes and fresh-brewed iced tea, and $5 two-piece chicken meals. During Chicken Palooza, Royal Farms will donate a portion of all sales from every $5 box purchased to Johns Hopkins...
Garces Group Declares Bankruptcy; Restaurants Will Stay Open for Now
The Iron Chef’s empire will restructure as part of a $5 million partnership with Louisiana-based Ballard Brands. The end of chef Jose Garces’s troubles is a Chapter 11 bankruptcy restructuring — and a new beginning. Garces, the chef-restaurateur behind Amada, Village...
Downingtown Borough Council OKs next step for new train station project
Downingtown Borough Council on Wednesday approved a developer’s conditional use application for the former Sonoco Property. Hankin Group’s approved conditional use application for the development of Brandywine Station includes a mixed-use transit oriented development...
Lee Mikles and Jim O’Donoghue, owners of Grain Craft Bar + Kitchen, are on an ambitious growth track
Most observers would agree that Grain Craft Bar + Kitchen—the downtown Newark restaurant Mikles and friend Jim O’Donoghue opened in July 2015—has been successful. What’s more, in the past few months, the partners have gone from one to three establishments. View the...
Commercial Real Estate: 7 Unique Benefits of Owning Properties
Here are seven unique reasons why investing in commercial real estate is an excellent choice for growing your wealth…