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Herky Pollock has made a name for himself over the years bringing retail to Pittsburgh. He's now hoping to bring revival to a prominent corner in Squirrel Hill.
Mr. Pollock, one of the region's top retail brokers, is pitching a plan for a 10-story residential, retail and parking redevelopment at the intersection of Forward and Murray avenues, sometimes referred to as the "Gateway to Squirrel Hill.".
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A Silicon Valley-based artificial intelligence company specializing in how chemicals and materials react in product development will open an office in Pittsburgh.
Citrine Informatics created analytic tools that use AI to help companies make complex engineering and design decisions.
The company claims its platform can help bring new products to market two to five times faster by taking advantage of known relationships in chemistry and physics.
Citrine will open its office - its first outside Silicon Valley - Monday in Bakery Square.
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A new study from an online personal finance website ranked Pittsburgh the third best big city to live in.
The study, from WalletHub, ranked 62 American cities based on 50 separate factors. Overall, Pittsburgh finished behind only Seattle and Virginia Beach
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Commercial real estate company JLL has released a report on Pittsburgh's Downtown real estate market that finds rental rates and occupancy on the rise.
As of first quarter 2017, 11.7 percent of Downtown's skyline is vacant, down from 12.1 percent last year. The national average is 12.9 percent.
Fifth Avenue Place, Three PNC Plaza and BNY Mellon Center are all leased to 100 percent capacity. Eight "trophy" buildings, such as the US Steel Building and 1 PPG Place, have an average vacancy rate of just 6.3 percent
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Get ready for Bakery Square 3.0.
With the first two office buildings filled to the rafters, developer Walnut Capital is gearing up to erect the third and final one at the thriving East End complex, home to Google and other high-tech tenants.
Walnut Capital has begun the marketing for Bakery Square 3.0, as the project has been dubbed - a 225,000-square-foot, six-story office building with construction scheduled to start as soon as tenants are secured
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Going to the doctor can be a pain. That's certainly not a slight on medical professionals; having a doctor that you know and trust is an invaluable tool to staying healthy. But what about those days when you know you should see a doctor, but finding the time in your schedule is just impossible?
These days, many people are doing what they'd do in most any other situation - they're going online. Telemedicine, consulting with a medical professional electronically, is a rapidly growing health-care tool
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A Chicago developer has set its vision for an nearly vacant warehouse across Smallman Street from the Strip District's produce terminal.
McCaffery Interests has started the marketing for up to 140,000 square feet of office space in what it has dubbed 1600 Smallman. The Jones Lang LaSalle real estate firm is marketing the building.
The developer has an option to purchase the four-story property, which is vacant except for a costume shop and a fitness facility.
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For decades a cavernous storage center for weapons and ammunition, Shadyside's Alfred E. Hunt Armory could give way to an indoor "urban beach" complete with a pool, sand, and palm trees or a PPG Place-like skating pond and water feature with a movie theater to boot.
Or perhaps it will become an indoor sports buffet of sorts, filled with volleyball and basketball courts, soccer fields and baseball diamonds, or maybe a regulation ice rink and squash center with adjacent medical offices for those who overdo it
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A Fortune 500 insurer intends to enter the Pittsburgh-area Medicare Advantage market next year, offering plans that provide patients with access to both UPMC and Allegheny Health Network health systems, as well as a plan for those dually eligible for Medicare and medical assistance.
PA Health & Wellness, a subsidiary of Centene Corp. of St. Louis, is expected to offer Allwell plans in 14 southwestern Pennsylvania counties, some as far north as Lawrence and Butler counties and as far east as Bedford and Blair counties.
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Astrobotic has found its ride to the moon.
The Pittsburgh-based space company announced Wednesday that it will catch a ride to the moon on a
United Launch Alliance rocket in 2019.
Astrobotic's pairing with ULA is a major step toward the company's lunar aspirations. Finding a launch partner can take years and often derails or delays missions.
"By launching with ULA, Astrobotic can rest assured our payload customers will ride on a proven launch vehicle with a solid track record of success. Together, our two organizations will honor the past and trail blaze the lunar future,"
Astrobotic
CEO John Thornton said in a statement
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At least 28 of the 1,585 properties that make up Downtown Pittsburgh are tax delinquent.
Twenty-five parcels have received tax abatements and another 39 are vacant.
That information, plus a lot more, is available for the first time on Pittsburgh's Burgh's Eye View searchable online database.
Officials expanded the site to include information about city real estate. An interactive map and a search engine permit users to identify properties that are tax delinquent, city-owned, vacant, tax-exempt or carrying liens.
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M&J Wilkow didn't just want to "dip our toe in the water" when it decided to jump into the Pittsburgh market in 2012 with the purchase of the Waterfront retail complex in Homestead, senior vice president Marty Sweeney likes to say.
"We wanted to do a cannonball," he said.
Five years later, the Chicago developer might be ready to make its biggest splash yet
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A newly created task force will look for ways to train and provide more qualified workers for the construction trades as large building projects in and around Pittsburgh are poised to take off, Mayor Bill Peduto said Wednesday.
Peduto issued an executive order to create the nine-member task force. Members will include contractors, developers and city officials. They will come up with recommendations to assist developers, revitalize neighborhoods through development, set standards for city contracting work and train residents for jobs in the construction industry.
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At a ribbon-cutting ceremony this week for Downtown's newest living space, First Avenue Lofts, Mayor Bill Peduto noted that the city didn't really have a specific plan for that part of Downtown.
Boxed in by Grant Street, Fort Pitt Boulevard and the Boulevard of the Allies, First Avenue has attracted a host of new business in recent years. Siam Thai, opened in 2013, sits next to Grateful Doug's, a new coffee and memorabilia shop
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Two concrete plants, set up to supply Royal Dutch Shell's under-construction cracker plant in Beaver County, are now running in Midland, according to a report from the Beaver County Times.
At peak, the plants will employ 55 people while supplying on average 50 loads of concrete daily to the Potter Township site of the plant.
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Downtown Pittsburgh is about to become the headquarters location of what may be the region's next public company.
After Evoqua Water Technologies registered with the U.S. Securities and Exchange Commission to pursue an initial public offering a little more than a week ago, it posted its name on a wall at K&L Gates Center downtown, the letters of the global water management company replacing that of Education Management Corp., whose space sources indicate it will take in the near future..
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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
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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.
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