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Two large-scale developments underway in Philadelphia suburbs - Philadelphia Business Journal

Two large-scale developments underway in Philadelphia suburbs - Philadelphia Business Journal
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Palm Beach house that just sold for $17 45M gets relisted at $23 9 M

The just-completed six-bedroom house with a two-bedroom guesthouse is at 259 Pendleton Ave. Palm Beach Daily News The buyers who a week ago paid a recorded $17.45 million for a new house on Pendleton Avenue in Midtown Palm Beach have put it back on the market at $23.9 million. A company managed by Joseph Taylor and Hilary Budny of Newton, Pennsylvania, bought the house at 259 Pendleton Ave. in a deal that closed April 20. On Tuesday, the property was relisted in the Palm Beach Board of Realtors Multiple Listing Service. The six-bedroom house and its two-bedroom guesthouse were developed on speculation by Todd Michael Glaser and a pair of investors. With 8,306 square feet, the house stands on a double lot that backs up to 175 feet along The Breakers’ golf course. The half-acre property is several blocks north of Royal Palm Way.

Most-read real estate stories in New York City, according to Crain s NY readers

By: NATALIE SACHMECHI | Published: Oct. 26, 2020 Craig Deitelzweig has done that at properties around the city, but now that tourism is in tatters and hotels sit empty and in danger of default, the chief executive of Marx Realty is looking at a new strategy: buy cheap hotels and turn them into offices. READ MORE   By: NATALIE SACHMECHI | Published: Oct. 26, 2020 An explainer on the relationship between landlords and shops as many retailers are now either unable or unwilling to pay New York’s high rents.READ MORE By: NATALIE SACHMECHI | Published: June 16, 2020 With people leaving the city, working from home and searching for more space, the appetite for city apartments just isn’t the same. Landlords across the five boroughs are slashing rents on once-coveted units that they’re trying to take off the market. READ MORE

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