By Josh McKnight | The McKnight Team Automated warehouse company Exol has signed a lease for the entire South Penn Logistics Center at 2300 S. Pennsylvania Ave. in Morrisville, Bucks County — occupying 973,200 square feet in what ranks as one of the largest industrial leases in the Philadelphia region in recent years and the biggest industrial deal of 2026 so far. The facility, completed last year by...
By: Josh McKnight | The McKnight Team Two bills moving through Philadelphia City Council could significantly change the regulatory environment for rental properties in the city. The legislation, part of the Safe Healthy Homes Act introduced by Councilmember Nicolas O'Rourke, is scheduled for a final vote on March 19. If passed, the bills would expand tenant protections against retaliatory eviction and...
By Josh McKnight | The McKnight Team A developer bought a property in Plymouth Township for $17 million in 2024, proposed up to 200 apartments, got turned down, and is now planning a 24-hour gas station and convenience store. If that sequence sounds like a missed opportunity, you are reading it the same way a lot of people in this market are. The story is really about what happens when housing supply...
By Josh McKnight | The McKnight Team Philadelphia Mayor Cherelle Parker included $10 million in her latest budget proposal to bring a modular housing factory to the city. It sounds like an unusual line item for a city budget. But if it works, it could be one of the more direct attempts to address the single biggest problem in the Philadelphia real estate market: there are not enough homes, and building...
By Josh McKnight | The McKnight Team A fire tore through the Mill Race Inn at 183 Buck Road in Northampton Township on the morning of March 15, severely damaging the historic gristmill that has stood on that site since 1787. It is a loss for the township's history. But what comes next is a story about Bucks County real estate and what happens when a long-blighted property finally gets a plan. From...
By:Josh McKnight | The McKnight Team The Episcopal Diocese of Pennsylvania has announced a significant redevelopment initiative that could add more than 1,000 new residential units across Philadelphia and its four collar counties — including Bucks, Montgomery, Delaware, and Philadelphia County. The diocese has partnered with a private developer to convert 26 properties in prime locations to new uses,...
By Josh McKnight | The McKnight Team The largest redevelopment project in Montgomery County history is no longer on paper. The Preserve at Stony Creek — the transformation of the former Norristown State Hospital grounds — has cleared every major approval hurdle and is moving toward construction on 68 acres in the heart of Norristown. If you are watching the Montgomery County real estate market,...
A long-running land use debate on Philadelphia’s Main Line is entering a new phase. Officials in Radnor Township are now exploring a right-of-first-refusal agreement for a portion of the campus owned by the Valley Forge Military Academy Foundation, stepping back from an earlier proposal that would have involved acquiring land through eminent domain. The discussions involve roughly 34 acres of the...
By Josh McKnight | The McKnight Team A significant transit-oriented development project may soon be coming to Ambler Borough in Montgomery County. SEPTA has selected two developers — Korman Communities and Benchmark Real Estate — to pursue a mixed-use project on 3.4 acres of SEPTA-owned land adjacent to the Ambler Regional Rail station. The proposed development site at 35 West Butler Pike could...
Many homebuyers assume they earn too much to qualify for down payment assistance programs. But across the country, those programs have quietly expanded their eligibility rules, opening the door for a wider range of buyers — including many middle- and upper-income households. That shift could matter for buyers searching for homes in the Philadelphia suburbs, including Bucks County, Montgomery County,...
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