Pittsburgh
Market Snapshot: Pittsburgh’s Retail Vacancy Dips
Pittsburgh’s retail market is set to improve this year, amid two variables.
Market Snapshot: Office Market Stable in Pittsburgh
Three things in Pittsburgh will drive up demand for office space this year.
Market Snapshot: Pittsburgh Multi-Family Construction on Fire
Pittsburgh has been experiencing a surge in apartment construction. Will it continue?
Third Trader Joe’s Store in Pittsburgh to Open at McCandless Crossing in 2014
Trader Joe’s will open its third store in the Pittsburgh area at the McCandless Crossing mixed-use development in the North Hills, the Pittsburgh Tribune-Review reports.
More Apartments Planned for the Strip District
As demand for apartments continues to be strong in the Pittsburgh region, Shadyside-based Schreiber Real Estate is planning the construction of a six-story residential building in the city’s Strip District. According to the Pittsburgh Post-Gazette, the 59-unit apartment complex will be located at Smallman and 11th streets near the David L. Lawrence Convention Center.
220-Unit Apartment Project Advances in Upper St. Clair
A new 220-unit upscale multi-family development is slated to rise in the city’s Upper St. Clair suburb. According to the Pittsburgh Business Times, the project’s developer, a company affiliated with Bridgeville-based construction firm John Deklewa & Sons Inc., has recently been granted final approvals from the township’s municipality to move the project forward.
Pittsburgh’s Liberty Center Complex Sells for $135M
Forest City Enterprises, Inc. and its partner, Jos. L. Muscarelle, Inc. have completed the sale of the Liberty Center complex in downtown Pittsburgh’s “Golden Triangle”. A subsidiary of Starwood Capital Group of Greenwich, Conn. acquired the property for $135 million. The transaction generated net cash proceeds, at Forest City’s share, of approximately $30 million.