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Tech Companies Account for One-Fifth of US Office Leasing Activity
LifeLock, a personal information security company, is one of several tech companies that has opened an office in the Phoenix area. The company leases about 95,000 square feet in the Hayden Ferry Lakeside mixed-use park in Tempe, Arizona. While all...

Jones Lang LaSalle’s Pittsburgh Office Bolsters Investments Sales Team with New Hire
Jones Lang LaSalle bolstered its Pittsburgh office by hiring Justin Kline as a vice president of investment sales. In his new role, Kline will be joining the firm’s brokerage team, bringing years of valuation and investment sales experience. Prior...

Hotel Manager and Developer Buys Pittsburgh-Area Hampton Inn for $14.3 Million
First Hospitality Group Inc., a hotel manager and developer, purchased a 140-key Hampton Inn in Pittsburgh Suburb Monroeville for $14.3 million, or about $102,000 per key. The Chicago-based firm acquired the hotel from Memphis, Tennessee-based company...

Lionstone, Walnut Capital Acquire Historic Pittsburgh Athletic Association Bldg. in Oakland Innovation District
The investment team behind the former Nabisco Factory's conversion into the Bakery Square mixed-use complex is teaming up again to acquire and renovate another Pittsburgh landmark, the five-story Pittsburgh Athletic Association building in the city...

Washington County Could be the New Hot Spot for Pittsburgh Office Space
Consol Energy’s headquarters in Southpointe Business Park in Canonsburg, Pennsylvania. Over the past decade, Washington County has undergone a major transformation, as oil and gas companies have migrated to the area because of the drilling at the Marcellus...

Neema Hospitality Acquires Two Pittsburgh-Area Hotels
Mechanicsburg, PA-based hotel investor Neema Hospitality acquired two Pittsburgh-area hotels from an undisclosed buyer. The two hotels included in the sale are the 75-key Fairfield Inn & Suites in Slippery Rock, PA and the 90-Key Holiday Inn Express...

Columbia Property Trust to Sell Offices in Atlanta, Pittsburgh to Focus on San Francisco, Washington Markets
Columbia Property Trust is planning to sell office holdings in Atlanta and Pittsburgh as part of its strategy to focus on more expensive markets such as San Francisco, Manhattan and Washington, D.C., as part of its next stage as a real estate investment...

Quattro Secures $90 Million Refi for Zenith Ridge Corporate Campus
Locally-based investor Quattro secured a $90 million loan to refinance the Zenith Ridge Corporate Campus in Canonsburg, PA. Mark Popovich of Holliday Fenoglio Fowler arranged the financing on behalf of the borrower, placing the 10-year, fixed-rate...

Startups Committing to Large Spaces, Paying Premium Rents in Pittsburgh
Pittsburgh, like most other metropolitan areas, typically has big-named companies coming in and taking up vast amounts of office space, like PNC Bank, United States Steel Corp. and Rice Energy. However, over the past five years, that dynamic has started...

Store Capital Sells 53,000-SF Levin Furniture Bldg. in Wexford for $13.4 Million
Scottsdale, AZ-based real estate investment trust Store Capital Corp. sold its 53,000-square-foot, single-tenant building in Wexford, PA for $13.38 million, or about $252 per square foot, to a private investor in a 1031 exchange. The new owner also secured...

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