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Redevelopment Authority Sells Fifth and Forbes Lots to Millcraft for $2.43M

Redevelopment Authority Sells Fifth and Forbes Lots to Millcraft for $2.43M

By Liviu Oltean, Associate Editor The Urban Redevelopment Authority (URA) has voted and agreed to sell seven lots near Forbes Avenue to Millcraft Industries. The 37,000-square-foot tracts were sold to the Washington-based company for $2.43 million. The Pittsburgh Business Times reports that [...]…

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PJ Dick Appointed as General Contractor for $71M Credit Union HQ

PJ Dick Appointed as General Contractor for $71M Credit Union HQ

By Liviu Oltean, Associate Editor PJ Dick has been recently selected as general contractor for the new Pennsylvania State Employees’ Credit Union (PSECU) headquarters. The $71 million project represents PJ Dick’s first Harrisburg-based contract, and it is also the largest construction project [...]…

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Carnegie Mellon Buildings Receive Gold LEED Certification

Carnegie Mellon Buildings Receive Gold LEED Certification

By Liviu Oltean, Associate Editor Carnegie Mellon University has announced that the Gates Center for Computer Science and the Hillman Center for Future-Generation Technologies have been awarded with LEED gold certification by the U.S. Green Building Council. The Gates and Hillman centers [...]…

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Brown Shoe Announces Closings for More than 140 Famous Footwear Stores Nationwide

Brown Shoe Announces Closings for More than 140 Famous Footwear Stores Nationwide

By Liviu Oltean, Associate Editor Brown Shoe Co. said it is planning to close about 140 Famous Footwear stores nationwide in the near future. The decision was motivated by unsatisfactory performances in various locations, and it will be enacted in spite of [...]…

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DoubleTree by Hilton Rebrands, Renovates its Largest Pittsburgh Asset

DoubleTree by Hilton Rebrands, Renovates its Largest Pittsburgh Asset

By Liviu Oltean, Associate Editor During a ribbon cutting ceremony this week, DoubleTree by Hilton announced the official opening and rebranding of the Radisson Hotel Pittsburgh-Green Tree, which has been renamed as DoubleTree. The hotel will undergo a $16 million renovation [...]…

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PMC Property Bids to Redevelop the John C. Robin Civic Building

PMC Property Bids to Redevelop the John C. Robin Civic Building

By Liviu Oltean, Associate Editor PMC Property Group is hoping the Urban Redevelopment Authority (URA) will vote to grant it the development rights to the John C. Robin Civic building. The Pittsburgh Business Times reports that PMC was recommended over two other [...]…

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RMU Purchases the Holiday Inn Pittsburgh Airport for Student Housing

RMU Purchases the Holiday Inn Pittsburgh Airport for Student Housing

By Liviu Oltean, Associate Editor Robert Morris University has acquired the Holiday Inn Pittsburgh Airport. According to the Pittsburgh Business Times, RMU will initially use the hotel for student housing, ultimately planning to convert the hotel into a residence hall. The [...]…

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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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