Pittsburgh
Law Firm Relocates to Pittsburgh CBD
The law firm first announced plans to move its headquarters back in November 2016. At that time, the site of its new offices—Union Trust Building—was 75 percent leased.
Home2 Suites Pittsburgh Opens
The three-story hotel is only a 20-minute drive away from Pittsburgh International Airport and offers a mix of suites and rooms.
Walker & Dunlop Secures $15M Loan for Pittsburgh Hotel
The company worked on behalf of the borrower, Reception Hotels and Resorts LLC, to provide the three-year, non-recourse construction loan. Reception Hotels and Resorts purchased the fifth and the sixth floors for the hotel.
Faros Lands $128M for 2 Pittsburgh Office Assets
HFF secured a five-year, floating-rate loan through Wells Fargo. The financing will be used for Nova Place, a 1.3 million-square-foot development, and 106 Isabella, a nearby vacant building.
McKnight Realty Lands $42M in Pittsburgh Office Refi
HFF secured a first mortgage loan through Starwood Mortgage Capital and a mezzanine loan through Morrison Street Capital for a Class A office tower located in the city’s central business district.
From Rust to Robust: Revamping Industrial Sites for Community Benefit
Nonprofit entities can revitalize neighborhoods and improve local economies by redeveloping unused real estate, according to Donald F. Smith, Jr., president of the Regional Industrial Development Corporation (RIDC) of Southwestern Pennsylvania.
Eds and Meds Spur Growth in Pittsburgh
Despite a slowly shrinking population, the city’s multifamily market remains steady, bolstered by increased hiring in recession-resistant sectors. Through May, rents rose 0.3 percent, trailing the nation’s 1.5 percent rate, Yardi Matrix data shows.
Evoqua Relocates HQ to Pittsburgh CBD
The company leased three entire floors at the 637,000-square-foot K&L Gates Center, moving 200 employees from its current Warrendale, Pa. location. The move is expected to be completed by the end of the month.
NKF Secures One of the Largest Industrial Sales in Pittsburgh
The sale of the Class A industrial property marks the fourth industrial building completed in the Clinton Commerce Park and the first sale to a third party.
ZRG Partners Taps New Managing Director
Kevin Jones will be serving as managing director to ZRG’s Pittsburgh office. He brings more than 25 years of knowledge in executive search and assessment experience.