BreakingNews
November 10, 2016
                   
 
Market News

The big national story this week may have been the election but jobs were the big economic story last week. On Friday the Bureau of Labor Statistics reported that 161,000 new jobs were created in October and updated the numbers for September and August to reflect higher gains than earlier reported. The employment growth in the third quarter - which mirrored a jump in GDP growth - brought the average monthly job gains to 181,000 for the year. That level of job creation outpaces the forecast for 2016 by about 10%.



Project News  

The biggest project news in Western PA is in the heavy/highway sector. Yesterday, Independence Excavation was the low bidder on the $90.5 million Southern Beltway Sec. 55A1 in western Washington County. Last week Lane Construction was successful on the $117.8 million I-70 project east of Washington PA; Lindy Paving won the $16.2 million I-79 section in Butler County and Independence landed a $9.9 million job on Route 422 in Armstrong county. Another larger section of the Southern Beltway, Sec. 55B, bids on Dec. 14.

On the building side, the successful contractors are rumored to have been chosen for the  Uptown District Energy Plant and the  Administration buildings at the cracker. Turner Construction is underway on Allegheny Valley Hospital's $3.5 million acute rehab/orthopedics project. A. Martini & Co. was successful on the fit-out of 17,000 sq. ft. for Frost Brown Todd in the Union Trust Building. Landau was chosen for the $8 million AHN outpatient services clinic, going into the former Old Navy store in Waterworks Mall.  Yarborough was low on the $7.9 million Eagle Stadium renovation at South Park School District.

To keep up to date with the market check out  BuildingPittsburgh .  
NAIOP Pittsburgh and the Pittsburgh Regional Alliance present 
"Perspectives and Po ssibilities", November 14. 

Join site selectors and developers on November 14 from 5:00 to 7:30 PM at the new JLL Center at Tower 260 for Perspectives and Possibilities. Site selection professionals will present their perspectives on the outlook and possibilities for commercial real estate development and the economy in Western PA.  Download the event flyer or  register at NAIOP Pittsburgh's website.
People News

 
Facility Support Services, LLC announced that Michael McCormack has been promoted to president, replacing J ohn P. Mroz, who has been promoted to the role of vice president of operations - Healthcare, Defense and Construction Group for Goldbelt Inc. FSS is one of 13 subsidiaries owned or partially owned by Goldbelt.
 
Bridget Johnson joined Mascaro as a manager of business development for Mascaro's Heavy/Industrial group.  Bridget will be focusing on Mascaro's oil and gas market. 
Coming Events

CREW Tour of 3 Crossings, November 15

CREW Pittsburgh's will take a tour of 3 Crossings in the Strip District on November 15. Walk the Crossings and hear our Panel Discussion. Contact CREW or go to CREW's website for more information.
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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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