Earlier this month, many were surprised to hear the news that Disney Research, a research-focused sector of Walt Disney Company, would be leaving their lab here at Carnegie Mellon University. This lab, which collaborated with Carnegie Mellon University faculty on everything from robotics to sports visualization, housed itself in the Robert Mehrabian Collaborative Innovation Center, but has now closed its doors there indefinitely... Read More.

The Westmoreland Cultural Trust's eight-year quest to renovate upper-story apartments at The Palace Theatre in Greensburg saw its first fruits this week — tenants ready to move into two of four updated units on the second floor.

"We haven't advertised them yet," said Mike Langer, president of the trust that operates the theater. "It was through word-of-mouth."

Once four planned apartments on the third floor also are ready for occupancy — tentatively by next spring — Langer expects the rentals will go a long way toward making the theater self-sufficient... Read More.

The boom in apartment building in Pittsburgh could spell trouble for landlords of older stock as they try to hold on to renters who find the shiny new units and the amenities that come with them hard to resist.

In a report issued Monday, the CBRE real estate firm found Pittsburgh is in the midst of a supply surge, with about 4,600 units being built within the last three years — more than in the previous 15 years combined. .. Read More.

Thomas Tull’s investment group has become a partner in The Milk Shake Factory and plans to open new locations and supply its ice cream.

“We are so excited, really thrilled, because the Tulls are a perfect match,” said Chris Edwards, CEO of The Milk Shake Factory (www.themilkshakefactory.com). “What the Tulls bring to the table along with the capital investment is technology and innovation.”... Read More.

A nationally known manufacturer of furniture products has named Indiana on a short list of three potential sites for a huge assembly and distribution center that could employ between 300 and 500 people, and local economic development leaders are building a package of tax breaks and other incentives to lure the company to Indiana County... Read More.

There’s a second hyperloop company beelining a path toward Pittsburgh.

On Tuesday afternoon, Mayor Bill Peduto met with Hyperloop Transportation Technologies, a Los Angeles, Calif.-based transportation technology firm hoping to bring the ease of air travel to the ground in various global corridors... Read More.

The Philadelphia developer working with the Pittsburgh Penguins on a destination entertainment district at the former Civic Arena site may be looking to extend its reach farther into the Hill District.

Core Realty has been in talks with the Hill Community Development Corp. about a possible partnership, apparently involving the redevelopment of the iconic New Granada Theater, a one-time jazz hot spot. .. Read More.

After a seven-decade run, the McGinnis Sisters Special Foods Stores is closing its businesses in Monroeville and Brentwood.

“From our family to yours, thank you to our customers and to our team members for 71 wonderful years! It has been an honor to be part of the community and your family dinners. With much love and gratitude, Bonnie, Sharon, Noreen and the entire McGinnis Family,” read the market's website Wednesday... Read More.

On the fifth floor of 309 Smithfield you will find the SVN Three Rivers office. From the outside you will see employees coming and going, working on their latest project. Internally, from time-to-time you will find the office regrouping in the conference room that displays a colorful mural, personally designed and painted by our own, Kayla Semroc. .. Read More.
In an effort to keep our clients and colleagues informed about the Pittsburgh commercial real estate market, we send out a weekly email with the top news stories that affect you. Each day we sort through various industry publications and local news sources to narrow down the top articles that matter to the Pittsburgh commercial real estate investor.


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