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Market News
The March 9 Bureau of Labor Statistics report on February's job creation blew the doors off the forecast. Employers created 313,000 jobs in February, at least 100,000 more than expected. It's a reflection of small business confidence in the economy and a reaction to the lower business taxes. Here in Pittsburgh, construction keeps getting a boost from the rapid growth in tech jobs. The BLS final report on the Pittsburgh MSA jobs picture for 2017 showed 1.1% growth, adding 12,600 jobs for the year. The job growth was spread across all sectors, with the sector covering the energy business up 7.7%. That sector, which is where natural gas is categorized, has been a drag on the regional job market since 2014. Another laggard sector, manufacturing, saw a 0.1% decline from 2016, a sign that manufacturing losses have stabilized.
Mascaro Construction was select by GSA as construction manager for the $137 million Federal Courthouse in Harrisburg, PA. Rycon Construction was awarded the $7.9 million fit-out for Argo AI, one of Uber's competitors in the autonomous vehicle game, which is going into 3 Crossings. Dick Building Co. was awarded a contract for the $1 million renovations for Robotany at the M. Berger Industrial Park in South Side. A permit was issued in McCandless to A. Martini & Co. for a $32 million McCandless Senior Living, being developed by CA Ventures at McCandless Crossing. Burns & Scalo Real Estate has its 150,000 sq. ft. , $34 million Riviera Office Building out to subcontractors for bid. And the $700 million UPMC Heart and Transplant Hospital at Presbyterian is going out for CM proposals to four teams: Clark Construction/Dick Building Co., Massaro/AECOM, PJ Dick/Whiting Turner and Rycon/Skanska. PJ Dick announced that it will be starting construction this summer on the new 145-bed residence hall for Seton Hill in Greensburg.
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Correction
In the Spring edition of DevelopingPittsburgh, there was an error in the feature article, p. 14. The quote from Mike Coonley should read,
"When we have the opportunity we will still put our hat in the ring. We don't have a lot of available buildings or but we do have lots of sites." Armstrong County EDC has 20- and 12-acre pads along with several other smaller lots at the 925-acre Northpointe business park. West Hills Industrial Park, at the intersection of SR28 and 422, has 185 acres with multiple sites available. Download a document with the site photos.
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DLA+ Architecture & Interior Design (DLA+) announced the advancement of six key individuals to the role of associate: Geoff Lester, Kari Miller, John Nolan, Matt Ryan, Charles Shaw, and John Sickles. This is the firm's first class of associates. The group will join the five current principals in the continued growth of the firm.
DRS Architects, Inc. announced a transition in its leadership with the addition of five new principals The new DRS principals are Paul Cali, AIA, Jon Funari, AIA, Scott Hazlett, AIA, ACHA, EDAC, Tobie Nepo, IIDA, LEED AP ID + C and Gretchen Zetler, IIDA.
The Design Group announced that Katherine Chappelle joined the firm as senior interior designer. Tom Stanko joined as a project manager and healthcare planner. Julia Wattick joined DesignGroup as a project associate as she continues to pursue her architectural and LEED registrations
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Tall Timber Group is the publisher of BreakingGround and DEVELOPINGPittsburgh magazines and the Pittsburgh Homebuilding Report, and is a consultant for contractors and designers serving the construction and real estate market. For more information about our services, contact Jeff Burd or call:
Tall Timber Group
506B McKnight Park Dr.
Pittsburgh, Pennsylvania 15237
412-366-1857
www.talltimbergroup.com |
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