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New York Investor to Acquire 800-Unit Apartment Asset in Pittsburgh

New York Investor to Acquire 800-Unit Apartment Asset in Pittsburgh

Real estate investment firm Faros Properties of New York is buying the Allegheny Center Apartments on the city’s North Side from the Allegheny Center Associates, the Pittsburgh Business Times reports.…

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Cloud-Computing Company Expedient Completes Data Center Expansion, Announces New Projects

Cloud-Computing Company Expedient Completes Data Center Expansion, Announces New Projects

Local cloud-computing company Expedient has recently completed a more than 7,000 square feet expansion of its data center at Allegheny Center Mall in Pittsburgh, which first opened in 2008.…

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August Wilson Center in Downtown Pittsburgh Could Be Liquidated

August Wilson Center in Downtown Pittsburgh Could Be Liquidated

A court-appointed conservator recommends that the August Wilson Center for African American Culture in downtown Pittsburgh be sold and its assets liquidated.…

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Developers Invest $19M in Acquisition and Renovation of Moorehead Tower in Pittsburgh

Developers Invest $19M in Acquisition and Renovation of Moorehead Tower in Pittsburgh

Beacon Communities Development LLC of Boston has partnered with local firm Ralph Falbo Inc. to purchase and renovate the Moorehead Tower, an iconic 141-unit affordable senior housing property in Oakland.…

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Walnut Capital to Begin Construction on New Office Building at Bakery Square 2.0 This Spring

Walnut Capital to Begin Construction on New Office Building at Bakery Square 2.0 This Spring

Walnut Capital Partners is planning to break ground on the first office building of its approximately $100 million Bakery Square 2.0 mixed-use development in East Liberty this spring. According to the Pittsburgh Business Times, construction on the six-story, 216,000-square-foot facility is expected to begin in March and be complete in…

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Tryko Partners Acquires Affordable Multifamily Community in Leechburg

Tryko Partners Acquires Affordable Multifamily Community in Leechburg

Private equity real estate group Tryko Partners, LLC has announced the acquisition of Sandalwood Apartments, an 86-unit affordable multi-family community in Leechburg, PA.…

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Hotel d2 and Cobblestone Plan New Hotels in Connellsville and Millvale

Hotel d2 and Cobblestone Plan New Hotels in Connellsville and Millvale

As part of its Community Hotel Development Initiative, Hotel d2 Services has partnered with Wisconsin-based Cobblestone Hotels LLC to develop two new properties in the Pittsburgh region. According to the Pittsburgh Business Times, a new 54-room hotel is slated to rise in Connellsville, while another 51-room development is planned for…

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Rugby Realty Acquires Iconic Koppers Building in Downtown Pittsburgh

Rugby Realty Acquires Iconic Koppers Building in Downtown Pittsburgh

Rugby Realty has acquired the 34-story Koppers Tower in downtown Pittsburgh from Koppers Building Holdings, Inc. According to the Pittsburgh Post-Gazette, the New Rochelle, N.Y.-based company paid $17.2 million to purchase the 360,000-square-foot historic building at the corner of Grant Street and Seventh Avenue.…

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2015 Opening Planned for Ace Hotel in Pittsburgh’s East Liberty

2015 Opening Planned for Ace Hotel in Pittsburgh’s East Liberty

Plans for the $23 million conversion of the former East Liberty YMCA building into an Ace Hotel are moving forward. According to the Pittsburgh Post-Gazette, the city’s Urban Redevelopment Authority has recently approved a $75,000 facade grant for the upcoming 63-room hotel at 120 S. Whitfield St., which will include…

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Oxford Development Plans 299-Unit Apartment Community in the Strip District

Oxford Development Plans 299-Unit Apartment Community in the Strip District

A 299-unit apartment complex is slated to rise on the Allegheny riverfront in Pittsburgh’s Strip District. According to the Pittsburgh Post-Gazette, Oxford Development Co. is proposing the construction of a mix of one-, two- and three-bedroom units on four acres of land between 26th and 27th streets.…

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Mixed-Income Housing Community Breaks Ground in Pittsburgh’s East Liberty

Mixed-Income Housing Community Breaks Ground in Pittsburgh’s East Liberty

Federal, state and local officials have joined nonprofit Community Builders, Inc. to celebrate the groundbreaking of a $14.2 million residential and commercial development in Pittsburgh’s East Liberty neighborhood.…

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Allegheny Center Apartment Community in Pittsburgh’s North Shore Up for Sale

Allegheny Center Apartment Community in Pittsburgh’s North Shore Up for Sale

The 800-unit apartment complex at Allegheny Center in Pittsburgh's North Shore has been listed for sale. According to the Pittsburgh Business Times, the local office of CBRE is marketing the Pittsburgh Apartments property, which is owned by Allegheny Center Associates.…

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