Local News

Abington Township real estate

Ida Money Is Still Arriving in Montgomery County, Five Years Later

By Josh McKnight | The McKnight Team Abington Township and Norristown received more than $1.2 million in Pennsylvania disaster recovery block grants tied to Hurricane Ida. Abington takes about $922,800. Norristown receives $300,000. The storm that generated the claims hit in September 2021, five years ago this month. Abington Township real estate sits downstream of that timeline in a literal sense,...

Springfield PA real estate

Delaware County Is Rebuilding the Health Care Crozer Took Down

By Josh McKnight | The McKnight Team ChristianaCare marked the end of the structural construction phase on its new neighborhood hospital at 351 N. State Road in Springfield. The building runs 20,000 square feet. It is scheduled to open in fall 2027 with a full-service emergency department, a 10-bed inpatient unit, and outpatient primary and specialty care. Springfield PA real estate has carried a...

Willow Grove Park Mall

Willow Grove Park Mall Is Being Sold, and It Is Not a Teardown

By Josh McKnight | The McKnight Team PREIT is finalizing a lender directed sale of its 725,000 square foot portion of Willow Grove Park Mall to a partnership of three New York firms. Namdar Realty Group, Mason Asset Management, and CH Capital Group. The price has not been disclosed. Willow Grove Park Mall was pitched to buyers as a stable investment, not a redevelopment play. The 62 acre portion...

King of Prussia real estate

Upper Merion Keeps Pushing a $200 Million King of Prussia Stadium

By Josh McKnight | The McKnight Team Upper Merion Township supervisors are continuing to pursue a roughly $200 million plan to convert a 17 acre vacant office park in King of Prussia into a 7,500 seat sports and entertainment venue, after the project's $20 million state grant application was rejected in the latest funding round. King of Prussia real estate sits close enough to this site that owners...

Souderton PA real estate

JBS Reverses Course in Souderton: $30 Million and 400 Jobs

By Josh McKnight | The McKnight Team JBS announced in June that it would end beef harvesting and processing at its 149 year old Souderton plant, a decision that put roughly 1,500 union jobs and 250 management positions at risk. In August the company said it will instead invest more than $30 million over the next decade. Souderton PA real estate spent two months absorbing the first version of that...