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April 23, 2014

Musser Sweetens the Deal

The Wall Street Journal | (excerpt)

“The Chester County, PA farm that Warren V. “Pete”Musser put on the market at the beginning of the year now comes with five more acres. ‘In the last two quarters, the market has become more price sensitive as demand from high net worth buyers has weakened a bit’, says broker Steve DiFrancesco, president of Hunter Reed and Company in Unionville, PA …

Meanwhile, in Philadelphia’s Society Hill, the historic John Penn House, listed on the National Register and built by the grandson of Pennsylvania founder William Penn in 1765, has been sold. Mr. DiFrancesco handled the sale, but was not at liberty to disclose the name of the buyer or specifics of the sale … “