Finance & Investment - Pittsburgh
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On the Market: 5 Interesting CRE Listings for the Week of 7/25
This week's listings include a unique two-unit property in West Hollywood that was featured on a hit TV show and a converted schoolhouse in Pittsburgh.
29 July 2016 15:50 -
Affordable Senior Housing Coming to Pittsburgh
The Urban Redevelopment Authority board voted to approve funding for a new affordable senior housing project, Hillcrest Senior Residences.
20 January 2016 16:52 -
SingleSource Joins Forces with iMortgage
Two Pittsburgh-area mortgage service firms have merged to create one of the country's largest privately held vendor management companies.
07 January 2016 15:39 -
Dick’s Sporting Goods to Expand Headquarters on Publicly Owned Site in Findlay
Dick's Sporting Goods is planning to expand its corporate footprint in Findlay Township. According to the Pittsburgh Business Times, the company has reached an agreement with the Allegheny County Airport Authority to lease 73 acres at the Northfield Commerce Park, where it considers the development of a new facility.
20 June 2013 16:27 -
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.
12 June 2013 21:10 -
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.
05 June 2013 20:40 -
Gateway Health Plan Moves Principal HQ to Four Gateway Center
By Adriana Pop, Associate Editor Gateway Health Plan has leased 100,000 square feet of commercial space at the Four Gateway Center in downtown Pittsburgh and plans to move its headquarters to the new offices by April. The company will occupy floors 17 to 21 and a portion of the first floor in the high-rise, which [...]
02 October 2012 04:43 -
ANSYS to Establish New Headquarters at Southpointe II Business Park
By Adriana Pop, Associate Editor Southpointe-based technology company ANSYS will establish a new headquarters at the Southpointe II Business Park, less than a mile away from its current 107,000 square-foot space. According to the Pittsburgh Business Times, the company has signed a 15-year lease for a new 186,000-square-foot building scheduled for completion in the fourth [...]
20 September 2012 19:26 -
Downtown Mixed-Use Development to Break Ground
By Adriana Pop, Associate Editor Washington, Pa.-based Millcraft Industries Inc. will soon begin construction on its $86 million mixed-use development in downtown Pittsburgh. Called The Gardens at Market Square, the 18-story high-rise will be developed on Forbes Avenue, between Market Square and Wood Street. The project will replace a number of smaller buildings with approximately [...]
03 September 2012 04:09 -
City Receives Federal Grant For Bakery Square Expansion
By Adriana Pop, Associate Editor The City of Pittsburgh has received a $1.9 million grant from the U.S. Economic Development Administration (EDA) for the construction of public infrastructure at the $120 million Bakery Square 2.0 development. Work will include installation of new utility lines, grading and build-out of new streets, sidewalks, and curbs, street lights, [...]
27 August 2012 02:58 -
ERT to Acquire Biomedical Company Invivodata
by Adriana Pop, Associate Editor Global technology company ERT purchased Pittsburgh-based biomedical company Invivodata, Inc. for an undisclosed amount. The acquisition positions ERT as a leader in Clinical Outcome Assessments. The transaction was facilitated by San Francisco-based private equity group, Genstar Capital LLC, which recently announced it has completed the acquisition of ERT. In June, [...]
12 July 2012 15:20 -
Pittsburgh Penguins, University of Pittsburgh Plan for Sports Complex in Cranberry
Adriana Pop, Associate Editor The Pittsburgh Penguins along with the University of Pittsburgh Medical Center (UPMC) are planning a joint practice rink and sports medicine complex in Cranberry. According to the patch.com, the proposed 150,000-square-foot complex would be located in the Summit of Cranberry Woods business park off Route 228, near Hilton Garden Inn. Penguins [...]
07 July 2012 02:00 -
East Liberty Transit Center Project to Receive $15M Grant from Federal Government
by Adriana Pop, Associate Editor The U.S. Department of Transportation has granted the Pittsburgh Urban Redevelopment Authority $15 million for the development of the East Liberty Transit Center, the next phase of the East Side project. The multi-modal transit center is expected to serve nearly 1,000 daily bus trips. A new pedestrian bridge and walkway [...]
29 June 2012 15:21 -
PNC to Acquire Former Lord & Taylor Building
by Adriana Pop, Associate Editor PNC Financial Services Group will acquire the former Mellon Bank building at Smithfield Street and Fifth Avenue in Downtown Pittsburgh. PNC has reached a deal with Forest Hills-based J.J. Gumberg Co. to purchase the property for an undisclosed amount, the Pittsburgh Post-Gazette reports. The transaction should close by the end [...]
08 June 2012 14:59 -
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 first units would be turned [...]
27 April 2012 22:10