Faros Properties

  • HFF Secures Financing for Pittsburgh Office Campus

    Pittsburgh's recent economic growth has attracted financing for an office center.

    Northeast 05 March 2015 15:38
  • Faros Properties Acquires Controlling Interest in Pittsburgh’s Allegheny Center Office Complex

    The 1.2-million-square-foot office and parking complex at Allegheny Center on the city’s North Side has a new owner.

    Pittsburgh 05 March 2015 15:25
  • Faros Properties Pays $44.9M to Acquire Massive Apartment Community in Downtown Pittsburgh

    Real estate investment firm Faros Properties of New York has closed on the acquisition of the approximately 800-unit Allegheny Center Apartments on the North Side of Pittsburgh, perhaps the largest residential rental complex in the city and region.

    Pittsburgh 24 March 2014 14:06
  • New York Investor to Acquire 800-Unit Apartment Asset in Pittsburgh

    Real estate investment firm Faros Properties of New York is buying the Allegheny Center Apartments on the city’s North Side from the Allegheny Center Associates, the Pittsburgh Business Times reports.

    Pittsburgh 07 February 2014 15:16
  • High-Profile I.M. Pei Apartment Community Slated for Renovation

    One of Pittsburgh’s iconic residential towers, the 24-story Washington Plaza Apartments, is set to undergo a series of upgrades this year. According to the Pittsburgh Business Times, Faros Properties LLC has hired Perkins Eastman of New York to remodel the property’s lobby, business center, fitness center and swimming pool. Improvements are also planned for the kitchen and bathroom(s) of each unit. Built in 1964 and designed by I.M. Pei and Partners, the 388-unit high-end apartment complex is located at 1420 Centre Avenue, just west of the city’s downtown. The property includes studios, as well as one- and two-bedroom residences, with monthly rents going from $1,000 to more than $2,000. The complex offers approximately 400 parking spaces, 291 storage units, a 24/7 concierge service, controlled access and valet parking, as well as tennis courts, volleyball courts and BBQ picnic areas. There is also a retail portion on the ground floor, with a bar & grill, massage

    Pittsburgh 28 February 2013 19:59

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