Market Rate Housing - Pittsburgh
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Pittsburgh Community Changes Hands
The 124-unit Class C property was sold for nearly $5 million. The new owner financed the transaction with a $7.5 million acquisition and development loan.
25 October 2018 15:14 -
Top 10 Pittsburgh Apartment Owners
The metro's slow-but-steady economic growth is reflected in an insignificant rise in apartment rents and tepid housing demand, with public authorities making up nearly half of the biggest owners.
06 August 2018 16:42 -
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.
14 March 2018 13:32 -
Beacon Communities Buys NDC, $250M Portfolio
The residential development company now owns National Development Corp. and its 59 properties, most of which are affordable communities. The portfolio is valued at more than $250 million and expands Beacon’s portfolio to 14 states.
02 October 2017 21:01 -
Milhaus Breaks Ground on Pittsburgh Mixed-Use Development
Arsenal 201 will be one of the largest redevelopment projects in the Lawrenceville area of Pittsburgh.
20 October 2016 17:30 -
Milhaus Unveils Arsenal Terminal Redevelopment Plan in Pittsburgh
A 625-unit apartment community proposed by Milhaus Ventures could soon rise in Lawrenceville, one of the largest neighborhoods in Pittsburgh.
04 March 2016 17:53 -
Village Green Begins Construction on New Apartment Asset in Pittsburgh
Village Green recently broke ground on a six-story, 264-unit luxury apartment and retail complex at SouthSide Works in Pittsburgh. The new development called Southside Works City Apartments will be rising at the corner of Sidney and 26th streets, on a 2.45-acre parcel owned by the Soffer Organization.
05 February 2015 12:40 -
Pillar Award Winner NRP Group Plans 295-Unit Multifamily Development in Suburban Pittsburgh
A new multi-family community could soon rise on about 21 acres in North Fayette Township.
16 November 2014 14:52 -
Plans Move Forward for Ambling University’s Major Apartment Community in Pittsburgh; A.R. Building to Begin Construction on 120-Unit Multifamily Project in Baldwin
One of the largest new apartment developments by the number of units in the history of Pittsburgh’s Oakland district will soon rise on the former Allegheny County Health Department property.
24 September 2014 19:19 -
Major Multifamily Projects in Pittsburgh Receive $90M Financing through Huntington Bank
As part of a public-private neighborhood revitalization effort, two major mixed-use apartment developments in Pittsburgh have received a total of $90 million in loans through Huntington Bank’s commercial real estate division.
27 August 2014 21:35 -
A.M.O. Management’s Modular Apartments in Oakland Rise in Record Time
In just a few days, A.M.O. Management assembled a three-story modular building with six new apartments in Oakland.
06 August 2014 18:49 -
Ambling University Development Plans Major Apartment Community in Pittsburgh
One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland.
24 July 2014 14:12 -
Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh’s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment
The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the Pittsburgh Business Times reports.
02 July 2014 20:14 -
Village Green Breaks Ground on Major Apartment Development in Downtown Pittsburgh
Village Green Cos. of Detroit has recently celebrated the groundbreaking of Morrow Park City Apartments, one of the largest new residential rental buildings in the city’s East End.
22 May 2014 15:50 -
Construction on Next Phase of Mosites Co.’s East Side Project Could Begin This Summer; Cenevo Signs Major Lease at RIDC Westmoreland
Local development company Mosites Co. is planning a summer construction start for Eastside III, a mixed-use, three-building complex in the city’s East Liberty neighborhood.
14 May 2014 16:14