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Starpointe Business Park Breaks Ground for Second Phase

Starpointe Business Park Breaks Ground for Second Phase

By Liviu Oltean, Associate Editor Fourth River Development LLC has begun the second phase of construction on the Starpointe Business Park site entailing the development of a 100-acre portion of the land, the Pittsburgh Business Times reports. Starpointe representatives hope to offer space [...]…

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Walnut Capital Partners to Develop $119M Mixed Use Project

Walnut Capital Partners to Develop $119M Mixed Use Project

By Liviu Oltean, Associate Editor Due to its former success, Walnut Capital Partners’ Bakery Square project might come to Penn Avenue. Walnut Capital has bid $5.4 million to buy the Reizenstein property from the Pittsburgh Public Schools. Walnut Capital is planning to transform [...]…

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Richfield Hospitality to Renovate and Reposition Hotels

Richfield Hospitality to Renovate and Reposition Hotels

By Liviu Oltean, Associate Editor Richfield Hospitality, a Denver-based hospitality management company focusing on maximizing profit and improving asset values for hotel owners, has added four properties to its portfolio: Crowne Plaza Melbourne Oceanfront Resort in Florida, DoubleTree by Hilton Hotel [...]…

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CONSOL Energy and Noble Energy Close ‘O.K.’ $3.3B Agreement

CONSOL Energy and Noble Energy Close ‘O.K.’ $3.3B Agreement

by Liviu Oltean, Associate Editor CONSOL Energy Inc. and Noble Energy Close have closed on an agreement that entails the joint development of CONSOL’s Marcellus Shale assets in Pennsylvania and West Virginia. Following this agreement, CONSOL will receive payments of about $3.3 [...]…

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Stabile and Kass in Bidding War for Land Near Heinz Field

Stabile and Kass in Bidding War for Land Near Heinz Field

By Liviu Oltean, Associate Editor Merrill Stabile, general partner in 501 Martindale Associates and president of Alco parking, recently bid for the right to develop land between PNC Park and Heinz Field. The land was reserved for Continental Real Estate Cos. [...]…

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Highwood Properties Buys Pittsburgh’s Crown Jewel

Highwood Properties Buys Pittsburgh’s Crown Jewel

by Liviu Oltean, Associate Editor Highwood Properties Inc. has recently added two important office buildings to its portfolio: PPG Place in Pittsburgh for $189.1 million and Riverwood 100 in Atlanta for $78.3 million. PPG Place is a six-building Class A office complex [...]…

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Oxford Development’s New SouthSide Works Project

Oxford Development’s New SouthSide Works Project

by Liviu Oltean, Associate Editor The Urban Development Authority (URA) will soon put to vote whether they will exclusively negotiate for a project at the SouthSide Works with Oxford Development Co. The project entails the development of three parcels on Hot [...]…

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Market Square Place’s Occupancy Rate Hits 100%

Market Square Place’s Occupancy Rate Hits 100%

by Liviu Oltean, Associate Editor Millcraft Industries has recently announced the securing of the second Noodles & Co. location in Pittsburgh for the mixed-use redevelopment, Market Square Place. In addition, Herky Pollock, EVP for CB Richard Ellis, confirmed that Market Square’s [...]…

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The Urban Redevelopment Authority’s Riverfront Properties

The Urban Redevelopment Authority’s Riverfront Properties

by Liviu Oltean, Associate Editor The Urban Redevelopment Authority is searching for developers for an important riverfront property between the Rivers Casino and the West End Bridge, the Pittsburgh Business Times reports. In a recent board meeting, URA approved the clearing [...]…

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