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UPMC has made a major real estate investment in Warrendale, buying a former United States Postal Service warehouse it's been operating out of for nearly five years.

Real estate records indicate that UPMC bought the 148,000-square-foot property at 405 Keystone Drive for $9.275 million from an affiliate of Stag Capital Partners . . . .. . ..... Read More

LG Realty Advisors has lost its most recent legal challenge to build a new AutoZone store at the corner of Penn and Negley Avenues in Garfield.

In late December, the Commonwealth Court of Pennsylvania upheld the original rejection of variances by the Pittsburgh Zoning Board of Adjustments. The new court ruling overturns the decision by the Allegheny County Court of Common Pleas . . .. . ..... Read More

City Council on Wednesday gave preliminary approval to a proposal asking Pittsburgh's law department whether it can become more proactive and request other proposals for developing the former Civic Arena site, according to WTAE-TV. A final vote is to take place next week.

The Pittsburgh Penguins have exclusive rights to develop the 28-acre site which is being used for parking. Plans for other use, including a new headquarters building . .. . . .... Read More

A new owner is in place for 500 Noblestown Road, the 90,000-plus-square-foot office campus in Green Tree.   Pennsylvania American Water Co. confirms it has bought the property and plans to use it to replace its current operations center in Mount Oliver.

The company recently closed on the purchase of the property from suburban Chicago-based Walgreens Boots Alliance Inc., which put the three-story flex complex  up for sale last spring... . . .. . .. Read More

M&J Wilkow Ltd. is closing in on another major downtown real estate buy along the  Monongahela riverfront.

Sources indicate the Chicago-based investor is working to buy 11 Stanwix, the 467,843-square foot office tower that originally was built as the headquarters of Westinghouse Electric Co. and now hosts a range of tenants that include Key Bank  and Skanska USA. . . . .. . .. 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  [email protected]

 


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.
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