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Chatham Lodging Trust to Acquire Pittsburgh Hyatt Place for $40M

Chatham Lodging Trust to Acquire Pittsburgh Hyatt Place for $40M

Chatham Lodging Trust has agreed to purchase the 178-room Hyatt Place Pittsburgh/North Shore near downtown Pittsburgh for $40 million. Scheduled for completion by June 17, the transaction is subject to customary closing requirements and conditions.…

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Historic Koppers Building in Downtown Pittsburgh for Sale

Historic Koppers Building in Downtown Pittsburgh for Sale

The Koppers Building, one of the finest Art Deco office towers in the Pittsburgh region, has been listed for sale.…

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First Hyatt House Hotel in Pittsburgh Now Open

First Hyatt House Hotel in Pittsburgh Now Open

Hyatt Hotels Corporation, Concord Hospitality Enterprises and Oxford Development Company have recently celebrated the opening of the first HYATT house hotel in Pittsburgh.…

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Gardens at Market Square Mixed-Use Development to Break Ground in July

Gardens at Market Square Mixed-Use Development to Break Ground in July

Millcraft Investments’ plan to develop a $95 million mixed-use complex on Forbes Avenue in downtown Pittsburgh has received its final approval from the city planning commission.…

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Gardens at Market Square Mixed-Use Development to Break Ground in July

Gardens at Market Square Mixed-Use Development to Break Ground in July

Millcraft Investments’ plan to develop a $95 million mixed-use complex on Forbes Avenue in downtown Pittsburgh has received its final approval from the city planning commission.…

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Sampson Morris to Redevelop Wholey’s Building into Apartments

Sampson Morris to Redevelop Wholey’s Building into Apartments

Sampson Morris Group is planning to redevelop the seven-story New Federal Cold Storage facility in the Strip District into 144 one- and two-bedroom loft apartments. Also known as the Wholey’s building, the windowless property is located at 1501 Penn Avenue.…

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Speculative 130,000 SF Office Building Breaks Ground in North Fayette

Speculative 130,000 SF Office Building Breaks Ground in North Fayette

Moon-based DiCicco Development is building a speculative 130,000-square-foot office building along the Parkway West corridor in North Fayette. According to the Pittsburgh Post-Gazette, the developer is already preparing the site for the construction of the five-story project known as Westpointe Corporate Center Four. The building is being marketed by CBRE executive…

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Pittsburgh Public Schools Plan Sale of Closed Facilities

Pittsburgh Public Schools Plan Sale of Closed Facilities

Pittsburgh Public Schools is considering the sale of 19 of its 20 closed buildings across the city. Only the Knoxville property at 324 Charles Street will be kept for use as a warehouse. According to the Pittsburgh Post-Gazette, the School District has selected Fourth River Development to market its portfolio.…

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Developers Plan More Apartments in Pittsburgh’s SouthSide Works

Developers Plan More Apartments in Pittsburgh’s SouthSide Works

A group of investors is planning to develop a 170-unit apartment building on Hot Metal Street at the SouthSide Works. The Pittsburgh Business Times reports that Oxford Development and North Side-based PJ Dick have called off their plan to build a 120,000-square-foot office structure at the site and have instead…

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Allegheny County Health Department Site to Bring New Hotel and Offices

Allegheny County Health Department Site to Bring New Hotel and Offices

A development team comprised of Massaro Properties, the Langholz Wilson Ellis real estate firm, and architect Tasso Katselas Associates will repurpose the health department building in Oakland into hotel and office space. According to the Pittsburgh Post-Gazette, the developers are about to acquire the property currently owned by Allegheny County…

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Landmark Developments To Look Forward To in Downtown Pittsburgh

Landmark Developments To Look Forward To in Downtown Pittsburgh

Pittsburgh’s growing downtown will soon welcome a new wave of development. According to the Pittsburgh Post-Gazette, 60 projects are currently planned for the Golden Triangle region, totaling about $2.2 billion in investment. Developed by Millcraft Industries, the Gardens at Market Square is among the most notable mixed-use towers expected to break…

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New York REIT Acquires Courtyard By Marriott Property in Pittsburgh

New York REIT Acquires Courtyard By Marriott Property in Pittsburgh

Carey Watermark Investors Incorporated of New York has acquired a 132-room Courtyard by Marriott hotel in Pittsburgh’s Shadyside area. The company’s total investment in the Courtyard Pittsburgh Shadyside property is around $34.6 million. This amount has been financed with $21 million of debt and includes a purchase price of $29.9…

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