News - Pittsburgh

  • Former Pittsburgh Mill Redevelopment Breaks Ground

    The first phase of the former LTV Steel site redevelopment in Hazelwood comprises 94,000 square feet and will house mostly R&D and office spaces.

    28 November 2017 17:43
  • TCM Sells Limited Partnership Interest in PA Retail Asset

    Miracle Mile Retail Center is a power center anchored by tenants such as LA Fitness, Marshalls, PNC Bank and others. The property was 98 percent occupied at the time of the sale.

    21 November 2017 17:00
  • UPMC to Build Pittsburgh Hospitals for $2B

    The health care provider will develop three cutting-edge specialty hospitals totaling more than 1.6 million square feet in the Steel City’s metro area.

    08 November 2017 10:45
  • Intervala Inks New Long-Term Lease with RIDC

    The high-tech electronics manufacturing company signed a five-year agreement for 135,000 square feet at the newly-rehabilitated Keystone Commons in Turtle Creek, Pa.

    07 November 2017 17:36
  • 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.

    25 October 2017 21:06
  • 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.

    17 October 2017 17:28
  • 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.

    02 October 2017 17:11
  • 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.

    20 September 2017 13:18
  • 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.

    18 September 2017 14:23
  • 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.

    07 August 2017 08:45
  • 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.

    26 July 2017 19:25
  • 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.

    13 July 2017 16:27
  • 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.

    24 June 2017 00:06
  • Summit Closes $163M Portfolio Deal

    Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.

    23 June 2017 08:03
  • Marriott Breaks Ground on Pittsburgh Hotel

    The four-story property will be situated adjacent to the Harrisburg International Airport and other major attractions, which is creating a strong demand for leisure and business travelers.

    22 June 2017 15:33