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Entries Tagged as 'Commercial Real Estate'

Pittsburgh’s downtown construction projects

April 1st, 2007 · 1 Comment

Last weekend, I was having a conversation with someone about the number of downtown projects that are in the planning/construction stages and expected to open in 2008-2009. Today, the Pittsburgh Post-Gazette goes so far as to say that “[b]y late 2009, you might not recognize the place.”
The Pittsburgh Post-Gazette has put together a list [...]

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Tags: Architecture · Commercial Real Estate · Downtown · Pittsburgh · Real Estate

URA to FINALLY acquire Garden Theatre

February 17th, 2007 · 1 Comment

I missed the news yesterday in the paper that the URA is going to take possession of the Garden Theatre on Wednesday. Thanks Doug for bringing it to my attention. Here is the Pittsburgh Tribune-Review article on the news.
Now the question is whether the request for developer proposals that have been released [...]

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Tags: Commercial Real Estate · North Shore · Pittsburgh · Real Estate · URA

Which Pittsburgh development will finish first?

January 23rd, 2007 · 1 Comment

The Pittsburgh Business Times is hosting an online poll to find out which long awaited project Pittsburgh residents believe will be completed first.  Choices are:
1. Mon-Fayette Expressway
2. New Arena for Penguins
3. North Shore Connector
4. Don Barden’s North Shore Casino 
The results right now are overwhelmingly in favor of one project, but they really should have added these three other [...]

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Tags: Commercial Real Estate · Federal North · Fifth Forbes · Penguins · Pittsburgh · Real Estate · casino

Piatt Place breaks ground

January 19th, 2007 · 1 Comment

The Pittsburgh Tribune-Review covered the official start to construction of Piatt Place by developer Millcraft Industries.  75% of the retail space in the building is already taken and the rest is expected to be leased by the end of this year.  The condos aren’t selling nearly as well, though.  There are commitments on only 14 of [...]

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Tags: Commercial Real Estate · Condos · Downtown · Fifth Forbes · Piatt Place · Pittsburgh · Real Estate

Vacancy Rate for Commercial Office Space

January 17th, 2007 · No Comments

The vacancy rate for office space in the downtown area of Pittsburgh in 2006 was up 2% to 20%, according to a report issued by Grubb & Ellis and reported in the Pittsburgh Post-Gazette.
More interesting is the concluding paragraph of the Post-Gazette article, which suggests that the redevelopment of the Fifth-Forbes corridor, between the construction [...]

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Tags: Commercial Real Estate · Downtown · Fifth Forbes · Pittsburgh · Real Estate

Mellon Arena: What’s next?

January 16th, 2007 · 3 Comments

I’m intrigued by an article in the Pittsburgh City Paper (found here) that suggests that Mellon arena, the soon to be abandoned home of the Pittsburgh Penguins, should be saved rather than demolished.
It is quite a thought-provoking article.  My hesitation to jump on the bandwagon promoting the preservation of Mellon Arena stems from my opinion that there [...]

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Tags: Commercial Real Estate · Mellon Arena · Penguins · Pittsburgh · Real Estate · Sports

Federal-North Corridor RFPs

January 11th, 2007 · No Comments

Both KDKA and the Pittsburgh Post-Gazette are reporting this morning that the request for proposals for some of the properties on the Federal-North Corridor are going to be announced today at noon by the City of Pittsburgh / URA.  Stay Tuned!

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Tags: Commercial Real Estate · Federal North · Pittsburgh · Real Estate

Federal-North redevelopment thoughts

January 9th, 2007 · 1 Comment

Last night I attended the Central Northside Neighborhood Council meeting which had on its agenda two important (and current) topics for the North Side: the casino and the Federal-North corridor redevelopment.
It was interesting to hear the concerns of the citizens of the neighborhood and their thoughts on the impact of the casino.  There were alot [...]

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Tags: Commercial Real Estate · North Shore · Pittsburgh · Real Estate

Redevelopment around Pittsburgh

December 3rd, 2006 · No Comments

Homestead
Homestead is looking for proposals to redevelop 45 properties that it owns, according to the Pittsburgh Post-Gazette.  Looks like they are trying to build on the success of the Waterfront, an entertainment and shopping area built on the site of a former steel mill.
McKeesport
The State of Pennsylvania awarded McKeesport $4.4 million in loans and grants [...]

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Tags: Carnegie Mellon · Commercial Real Estate · East Hills · Herron Ave · Homestead · McKeesport · Pittsburgh · Real Estate · Ross Park Mall

Lawrenceville serious about real estate development

December 1st, 2006 · No Comments

How do I know?
They’ve posted a job opening for a Real Estate Manager, who will promote and oversee development of Lawrenceville real estate.  The deadline for resumes is December 4th, 2006.

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Tags: Commercial Real Estate · Lawrenceville · Pittsburgh · Real Estate