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Carnegie Mellon University Finalizes $500M Master Plan

Carnegie Mellon University Finalizes $500M Master Plan

By Adriana Pop, Associate Editor Carnegie Mellon University’s new master plan for its campus has been approved by City Planning officials. The plan includes the development of five key projects over the next 10 years, at an estimated cost of $500 million. The Pittsburgh Business Times reports that the first…

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Impakt Development Nears Completion on School Conversion

Impakt Development Nears Completion on School Conversion

by Adriana Pop, Associate Editor The conversion of the historic Fifth Avenue School into a luxury apartment building is nearing completion. Located near the South Side, Downtown and Oakland, Pittsburgh’s newest loft project offers 65 large floor plans. The Pittsburgh Business Times reported that work began in 2010, and the…

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Action Housing Develops Western Pennsylvania’s First Passive House

Action Housing Develops Western Pennsylvania’s First Passive House

by Adriana Pop, Associate Editor Action Housing Inc. is developing the first Passive House in western Pennsylvania. Passive Houses are extremely energy efficient buildings that save space heating costs while preserving high indoor air quality. The 1,800-square-foot home will be developed according to Passive House standards, a German system of constructing airtight buildings…

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Bankkruptcy Court Approves Grubb & Ellis’s Sale to BGC Partners

Bankkruptcy Court Approves Grubb & Ellis’s Sale to BGC Partners

by Adriana Pop, Associate Editor BGC Partners Inc., a New York financial services firm, has received the bankruptcy court’s approval to acquire substantially all the assets of Grubb & Ellis Co., the fifth-largest commercial property manager in the Pittsburgh region according to the 2012 Pittsburgh Business Times Book of Lists. On Feb.…

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U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M

U of Pittsburgh Wins Bid to Purchase Municipality Site for $1.65M

by Adriana Pop, Associate Editor Children’s Hospital of Pittsburgh plans to develop a four-story, 60,000-square-foot medical complex in South Fayette Township. According to the Pittsburgh Business Times, the facility will include an urgent care clinic, an imaging center, and other specialized pediatric services. The South Fayette Township Board of Commissioners named the…

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Shell Announces Possible Ethane Cracker Plant Location

Shell Announces Possible Ethane Cracker Plant Location

by Adriana Pop, Associate Editor Shell Chemical LP signed a land option agreement with Horsehead Corp. to evaluate a site in Beaver County, where it could build a multibillion-dollar ethane cracker plant. The Shell subsidiary chose a 300-acre area near Monaca, in [...]…

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Mylan to Build Corporate HQ in Town Center Overlay District

Mylan to Build Corporate HQ in Town Center Overlay District

by Adriana Pop, Associate Editor Mylan Inc. plans to develop new corporate headquarters near its current location in the Southpointe Office Park in Cecil Township, Washington County, Pa. The project entails the development of an approximately 280,000-square-feet LEED-certified office building. Expected to [...]…

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Healthcare Trust Buys Medical Office Building for $54M

Healthcare Trust Buys Medical Office Building for $54M

by Adriana Pop, Associate Editor Healthcare Trust of America recently purchased the eight-story Penn Avenue Place office building for $54 million. According to the Pittsburgh Tribune-Review, the seller is Penn Avenue Place Associates LP, led by Steven J. Guy. Healthcare Trust of [...]…

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New Retail Space to Replace Boscov’s at South Hills Village Mall

New Retail Space to Replace Boscov’s at South Hills Village Mall

by Adriana Pop, Associate Editor Construction of new retail space is underway at the site of the former Boscov’s department store at South Hills Village shopping mall. According to the Pittsburgh Post-gazette, the investment entails the development of both a 145,000-square-foot [...]…

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Burns & Scalo to Develop $40M Office Space in Southpointe II

Burns & Scalo to Develop $40M Office Space in Southpointe II

By Adriana Pop, Associate Editor Burns & Scalo Real Estate Services plans to construct two identical 100,000-square-foot office buildings in Southpointe II. The $40 million development takes advantage of the increasing regional need for commercial real estate. Jim Scalo, president of Burns & Scalo Real [...]…

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Buncher Receives URA’s Support to Redevelop Railroad Terminal

Buncher Receives URA’s Support to Redevelop Railroad Terminal

By Liviu Oltean, Associate Editor The Buncher Co. made progress in pursuing its masterplan to redevelop the Pennsylvania Railroad Fruit Auction Terminal Building and turn it into a mixed-use project. According to the Pittsburgh Business News, the Urban Redevelopment Authority (URA) hopes to provide incentives for [...]…

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ULS Relocates to Park Place One

ULS Relocates to Park Place One

By Liviu Oltean, Associate Editor United Lender Services (ULS) has announced it will soon occupy 48,000 square feet of office space in Park Place One. Located in the suburban Parkway West area of Pittsburgh, Park Place One and Park Place Two [...]…

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