Uptown urban renewal is a major part of Downtown-Oakland BRT system

From the beginning,  the Bus Rapid Transit project has been as much about urban renewal in the Uptown neighborhood as it has been about moving commuters between Downtown and Oakland.  
And now the financial numbers bear that out.
Well more than 20 percent of the cost of the $195.5 million electric bus system will go toward rebuilding Fifth and Forbes avenues through that downtrodden neighborhood, ranging from replacing storm sewers and sidewalks to installing decorative lighting and permeable pavement in some areas ... Read More.
AI startup moving to downtown Pittsburgh

An artificial intelligence startup whose clients include PPG, Monro Muffler Brake Inc. and the Pittsburgh Steelers is moving its headquarters from Gibsonia to downtown Pittsburgh on Monday.

Cognistx is setting up shop at 606 Liberty Ave., said CEO Sanjay Chopra. The office is focused on data science and product management, and the two-year-old company builds adaptive, multistrategy AI systems for clients in widespread industries. Cognistx employs seven locally and expects to add at least two posts in the next few months. .. . Read More.

Michael Baker lists former HQ campus for sale

Michael Baker International has put its former headquarters campus in Beaver County up for sale, listing it with the Pittsburgh office of CBRE.

The Brighton Township property has been marketed as available off and on for years since the company moved its headquarters to Airside Business Park more than 15 years ago. This time around, Michael Baker hopes to generate interest from Royal Dutch Shell's development of its ethane cracker plant a little less than five miles away from the property in Potter Township. . .. Read More.

Sources: Argo AI to use former Pittsburgh Public Market site for new garage

As Argo AI's new LiDAR-topped Ford Fusion Hybrid sedans begin hitting the streets of Pittsburgh, the company also has found a place to store them.

Sources familiar with the plan indicate that Argo AI has reach a deal to lease the cinderblock structure at 2401 Penn Ave. The site, best known as the former location of the Pittsburgh Public Market, will be used as a new garage for Argo AI, a startup that Ford Motor Co. has pledged a $1 billion investment in its quest to bring autonomous vehicle technology to its cars ... Read More.

Topgolf closes on property at Newbury Market

Topgolf, a golf-themed entertainment destination, has closed on buying property at the Newbury Market master plan development in South Fayette and expects to begin construction soon.

The Dallas-based company, which operates more than 40 complexes, mostly in the U.S., has closed on purchasing a 12.26-acre plot at Newbury for $7.425 million, according to Tommy McCafferty, director of retail brokerage for Hanna Commercial Real Estate, who represented TopGolf in the deal with Kevin Langholz in conjunction with Dallas-based Retail Connection. ..  Read More.

Report: Pittsburgh drawing in more office tenants than suburbs

Pittsburgh is drawing companies into its urban core at more than twice the rate of its surrounding suburban office markets when measured by office square footage, according to new research by the Pittsburgh office of JLL.

"It definitely mirrors the national trend and it continues to be accelerating here," said Dan Adamski, managing director of the Pittsburgh office of JLL (NYSE: JLL), said of the research data. .. Read More.

Former industrial site sold in Lawrenceville

An affiliate of Toronto-based Craft Development Corp. has closed on buying the former Hanlon-Gregory steel site in the 10th ward of Lawrenceville, a site of nearly three acres on which the company plans to build a 68-unit townhouse development.

Larry Regan, a partner with Craft, said the company is working through various preliminary tasks and site work and declined to offer more specifics on when construction and sales on the project might begin. . . 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.


For more information from a  SVN-TRCA Agent  please contact 724-918-4428 



Visit Us:


SVN | Three Rivers Commercial Advisors is a leading commercial real estate investment brokerage firm located in Pittsburgh, Pennsylvania. SVN | Three Rivers Commercial Advisors provide best-in-class service to the commercial real estate community. Through an individualized approach and customized marketing strategy - SVN | Three Rivers Commercial Advisors strives to outperform its competition and deliver unprecedented value to our clients.

All SVN® offices are independently owned and operated.

STAY CONNECTED: