Multifamily news in Pittsburgh
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Top 5 Multifamily Projects Under Construction in Pittsburgh
Some 900 units—accounting for close to half of the development pipeline—are underway in downtown Pittsburgh, according to Yardi Matrix data.
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Charles Street Investment Partners Scores $33M Construction Loan
The borrower secured the loan to build a 161-unit apartment community in Pittsburgh, Pa.
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Pittsburgh Multifamily Report – Spring 2020
While the health crisis has taken its toll on the metro's multifamily sector, a limited pipeline brings the silver lining.
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Waterfront Living: A Closer Look at The River’s Edge of Oakmont
Developer Dan Mancosh shares the story of the 30-acre waterfront community, located roughly 15 miles from Pittsburgh, on the former site of Edgewater Steel Co.
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Luxury Pennsylvania Community Starts Final Construction
The River’s Edge of Oakmont, located in a Pittsburgh suburb, has a mix of single-family and multifamily residences.
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MultiVersity Housing Partners Assumes Management of Pittsburgh Student Housing
The company will manage Union on 5th, a vintage student loft rental community near Duquesne University.
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Morgan Properties Buys Pittsburgh Apartments for $29M
CBRE Capital Markets provided more than $20 million in acquisition financing through Freddie Mac.
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Pittsburgh Multifamily Report – Fall 2019
A diverse business climate and strong talent pool coming out of local universities are drawing companies to the city, boosting the region’s innovation economy.
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NRP Group Breaks Ground on Pittsburgh Community
The 442-unit project forms part of the Riverfront Landing development in the Strip District.
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Resort-Style Senior Living Community Opens Near Pittsburgh
Resort Lifestyle Communities’ independent living facility in Bridgeville, Pa., offers 128 residential units for adults age 55 and over.
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Pittsburgh Multifamily Report – Spring 2019
Apartment demand is fueled by young professionals looking for modern, well-located rental units in the city’s central neighborhoods.
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Top 5 Multifamily Transactions in Pittsburgh
While investment volume across the metro has fallen sharply since 2017, investors are shifting focus to suburban locations where value-add deals present higher yields.
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PA Student Housing Community Nearing Completion
The 197-unit community serves students at the University of Pittsburgh, Carnegie Mellon University and Carlow University. The property is scheduled to open in fall 2019.
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Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
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Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.