Multifamily news in Pittsburgh
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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.
04 October 2019 12:54 -
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.
03 June 2019 11:03 -
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.
22 April 2019 11:09 -
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.
11 March 2019 13:27 -
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.
15 January 2019 13:05 -
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.
04 January 2019 06:46 -
Carnegie Mellon Purchases Pittsburgh Community
A private investor traded the 78-unit multifamily property for $17 million. The new owner plans to renovate the building and repurpose it as dedicated university housing.
21 November 2018 07:22 -
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh's housing agency into 35 residential units.
20 November 2018 06:02 -
Affordable Pittsburgh Asset Receives HUD Loan
Maple Ridge, which was acquired by Telesis Corp. this spring, is a 91-unit Class C rental property located in the East Hills submarket.
19 November 2018 14:00 -
Solomon Org. Acquires Pittsburgh Community for $41M
The buyer financed the acquisition of the 316-unit property with a $32.4 million Freddie Mac loan originated by M&T Bank.
25 October 2018 15:18 -
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 -
Health Care, Technology Drive Growth in Pittsburgh
A recent boost in higher-paying jobs will bolster multifamily demand this year, especially in the metro’s downtown area, which experienced a 24 percent population surge from 2010 to 2017.
04 September 2018 11:11 -
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 Retirement Community Completes Affordable Expansion
The $10 million project added 48 rental units for residents 62 and over to the existing Windy Hill Village, which houses 179 people.
25 July 2018 17:24 -
Suburban Pittsburgh Asset Trades for $61M
Buligo Capital and Graycliff Capital acquired Ascent Four Thirty, a 319-unit community in Wexford. The property is currently 94 percent occupied.
12 June 2018 16:13