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Colliers International Acquires Local Affiliate in Pittsburgh in Effort to Expand
Toronto-based Colliers International is expanding its presence in Pittsburgh by acquiring a local affiliate, Colliers Pittsburgh. In part of the acquisition, the Pittsburgh location will be able to integrate with the Colliers global platform and leverage...

The Transit Factor in Amazon's HQ2 Selection Reflects Transportation's Growing Economic Development Clout
Pictured: 101 Main St. in Cambridge, MA, a 341,000-square-foot office property occupied by Amazon.In cities across America, weary locals have long complained that strained transportation networks were failing to keep pace with the rush of new development...

From Steel City to Tech Startup Hub, Innovation is Key in Pittsburgh
The collapse of the steel industry in Pittsburgh had a profound effect on the metro, giving rise to staggering unemployment rates, thousands of jobs lost, and significant outmigration. For decades, Pittsburgh struggled to reinvent itself and efforts largely...

Downtown Pittsburgh Tops in New Apartment Construction
Apartment construction has surged in Downtown Pittsburgh as a result of several new multifamily projects in the heart of the city. Since 2010, more than 2,600 units have delivered here, expanding the inventory by more than 50 percent. Downtown Pittsburgh...

GNC Planning to Close Another 200 Stores This Year
As part of its ongoing store optimization efforts, GNC Holdings Inc. said it intends to close approximately 200 stores in 2018, while at the same time the vitamin retailer is opening only a handful of new locations while working to expand its presence...

Philly’s Homeownership Rate is Stabilizing Following Decade-Long Decline
Philadelphia’s homeownership rate declined from 2007 all the way through late 2016 as foreclosures, weaker economic growth and a general hesitancy to take on the risk of owning a home lingered among Philadelphia-area households long after the Great Recession...

NKF Acquires Integra Realty Offices in Boston, Pittsburgh
Newmark Knight Frank's valuation and advisory group has added more than two dozen market and specialty practice leaders [pictured] over the past year. Image credit: NKF Newmark Knight Frank, which is aggressively growing its valuation and advisory business...

T2 Picks Up 131,000-SF Distribution Facility in Redevelopment Play
T2 Capital Management acquired a vacant 130,583-square-foot distribution facility at 135 Meadow Ln. in Canonsburg, PA from Washington, PA-based Stoehr Development Group. The distribution center for $3.3 million, or approximately $24 per square foot. The...

CA Ventures Affiliate Breaks Ground on 172-Unit Senior Living Community in Pittsburgh
CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, broke ground on the 172-unit Atria McCandless senior living community in Pittsburgh. Louisville, KY-based Atria Senior Living was retained as...

Special Announcement: CoStar Power Broker Award Winners Named in Pittsburgh
The top-performing commercial real estate firms and brokers in Pittsburgh in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who perform at the highest levels in commercial real...

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