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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...

Freestanding Golden Corral Bldg. Trades for $3.6 Million
Hudson Commercial LLC, an Oakton, VA-based investor, acquired a freestanding building occupied by Golden Corral in Pittsburgh. A private investor taking title as Steel City Corral Properties LLC sold the property for $3.6 million, or about $328 per square...

Buligo, Graycliff Pay $61 Million for 319-Unit Luxury Apt. Community in Wexford
A joint venture between Buligo Capital and Graycliff Capital acquired the 319-unit Ascent Four Thirty luxury apartment community in Wexford, PA from The NRP Group for $61.03 million, or about $191,000 per unit. Located at 430 Ascent Dr., the 17-buidling...

Limbach Relocates HQ to One Waterfront Place in Downtown Pittsburgh
Limbach Holdings, an integrated building systems provider, is relocating its headquarters to One Waterfront Place in downtown Pittsburgh. The tenant signed a 19,165-square-foot office lease with The Buncher Co., which originally developed the office...

New US Housing Index Underscores Long-Term Demand for Multifamily
If a study by professors at two Florida universities is any indication, demand for multifamily housing should hold steady for the foreseeable future. In certain markets, consumers who rent and reinvest the potential savings [versus mortgage payments...

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...

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