Multifamily news in Pittsburgh
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CPC Arranges $11M for PA Asset
Terrain Apartments, formerly a hotel, includes 152 units across 19 buildings. The borrower used Freddie Mac’s Green Advantage program and committed to a 27.8 percent water savings.
21 May 2018 15:32 -
Radnor, Harrison Street Pick Up Pittsburgh Student Housing
The partners acquired the 314-unit high-rise at Duquesne University for $23 million and will modernize the half-century-old community over the course of four summers.
11 May 2018 18:46 -
GMH Capital Partners Opens PA Upscale Asset
The Pendleton at Cranberry Woods is 25 minutes north of downtown Pittsburgh and offers 320 units.
11 April 2018 17:35 -
Pittsburgh’s Growth Spurt
Although underperforming against the U.S. average, the city's multifamily market has stayed relatively stable.
26 March 2018 14:45 -
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 -
$16M Senior Housing Community Opens in Pittsburgh
The 66-unit Hillcrest Residences, which was developed by The Community Builders is located in the Carrick neighborhood.
19 December 2017 17:29 -
Glasshouse Breaks Ground in Pittsburgh
Station Square Apartments, located across the river from Pittsburgh's central business district, is slated to feature 319 Class A units and ground-floor retail space.
18 December 2017 14:51 -
Pittsburgh Reveals Its Strength
The region’s universities continue to provide a skilled workforce for the technology, robotics, education, health-care and financial sectors, pushing the city’s economy forward and sustaining multifamily demand.
01 December 2017 17:22 -
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 -
Eds and Meds Spur Growth in Pittsburgh
Once a predominantly blue-collar city, the area today relies on a diversified innovation economy and a highly educated workforce.
26 July 2017 13:26 -
Yardi Matrix: Pittsburgh’s Transition
With more than 10,000 units in different stages of development, the pipeline is likely to cool off, but not by much.
07 February 2017 10:45 -
PNC Bank Closes $100M Affordable Housing Fund
The new fund will be used to preserve affordable “at risk” rental properties for families and seniors nationwide.
15 November 2016 21:02 -
Yardi Matrix: Pittsburgh’s Slow Awakening
Multifamily development in the metro is robust, with more than 10,300 units currently in the pipeline.
24 October 2016 19:40 -
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 -
Q&A with Daniel Farber, Executive VP at HLC Equity
The HLC Equity principal discusses the company’s recent foray into the multifamily market, and the changes foreseen for this attractive real estate sector.
27 September 2016 10:22