AHN breaks ground on perioperative center at Forbes Hospital  Allegheny Health Network officials joined with community leaders Monday afternoon to break ground on a new perioperative center at Forbes Hospital in Monroeville. Forbes received state grant funding of $1.4 million to help finance the $16 million, 50,000 square-foot facility, according to a press release... Read More.

Export plant closing to idle 121 workers Metalor Technologies has notified state officials that the Swiss-based company will close its Export plant on Dec. 29, putting 121 workers out of work. The company, which makes parts used in circuit breakers, switches and relays, notified workers in 2015 that it would move operations from the plant to its facility in San Luis Potosi, Mexico within about two years... Read More.

South Fayette looks to sell Star City property again South Fayette commissioners passed two resolutions about the Star City property Oct. 18 in an attempt to sell the parcel a month after a developer pulled out of an agreement to build a strip mall. “I think that, at this point, it would be a good idea to bid that property and know what interest there is,” board President Joseph Horowitz said. “Hopefully there will be a bid that is acceptable for the township. If not, we can gauge where to go from there. I’d like to get that up for bid as quickly as possible.”.. Read More.

Superior Motors is starting its own urban farm in Braddock Superior Motors will bring the “farm” extremely close to the to “table” this spring when it begins growing some of its own produce on a half-acre plot in Braddock, right down the street from the restaurant. While other eateries — most notably, Dinette — have gardens that supply produce, this is the first restaurant in the Pittsburgh area to open its own urban farm.* The farm, in addition to a 4,000-square-foot raised bed and greenhouse on the building’s roof, will provide “supplemental” produce to start, but owner and chef Kevin Sousa says he hopes to eventually acquire additional land in Braddock ... Read More.

North River Co. closes on buying 31st Street Studios 31st Street Studios, the sprawling industrial property on the Allegheny riverfront that’s been a hub for film production, officially has a new owner. After two previous bidders pulled out of buying the Strip District property, North River Co. LLC closed on buying the complex, putting the property that includes a 238,000-square-foot industrial building on more than 9.38 acres of a burgeoning Strip District in the hands of a New York private equity firm with deep pockets .... Read More.

352-unit apartment complex in Monroeville hits the market Eagle Ridge, a 352-unit apartment property in Monroeville, has been put up for sale. Monroeville-based Ringham Corp. has hired the Pittsburgh office of HFF Inc. to put the garden-style apartment community on the market, according to an announcement by the real estate company, which is pitching the complex as a property with “value add potential” that has historically maintained occupancy in the 95 percent range... Read More.

Hotel project on Fort Pitt Blvd. started, then stopped. Now it can start again. The third time may finally be the charm for a much-contested hotel project on Fort Pitt Boulevard in Downtown. Construction of the 97-room Fairfield Inn and Suites, halted last summer, is set to resume after the city planning commission approved a revised project redevelopment plan Tuesday... Read More.

Tech Mill 41 office building proposed for Lawrenceville Fort Willow Developers presented its plans for Tech Mill 41, a new office project plan for the former Interlocking Deck Systems site in the 9th Ward of Lawrenceville, at the City Planning meeting Tuesday. The plan calls for a five-story, 75,000-square-foot office building designed to be a complement to Fort Willow’s established 182-unit The Foundry at 41st apartment building, now about 75 percent leased after being completed last year... Read More.

Joint venture presents 86-condo Lumiere Residences plan to Pittsburgh Planning Commission Smithfield Oliver Phase 2 Partners LP, the joint venture of Millcraft Investments and McKnight Realty Partners, presented its Lumiere Residences proposal to the Pittsburgh Planning Commission on Tuesday. The plan is to build nine stories of condominiums on top of a new parking garage that's expected to open in late November at 350 Oliver, the site of the former Saks Fifth Avenue store... Read More.

Ex-Tom Ayoob spot in the Strip could be part of 420,000-square-foot development The former home of a longtime produce wholesaler could give way to a massive office and retail development spanning three blocks in the heart of the Strip District. New Jersey-based Rugby Realty and Al. Neyer are partnering on a new mixed-use development at 21st and Smallman streets that could reach 420,000 square feet in size at its full buildout in one of the hottest office markets in the region... 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   or email  threeriversadmin@svn.com Visit Us: www.svnthreerivers.com

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