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One Oxford Centre Getting $50M in Renovations 

San Francisco-based Shorebstein Properties LLC i s preparing to begin exterior renovations on One Oxford Centre as part of its $50 million in upgrades to the downtown office tower.


The company on Tuesday briefed the Pittsburgh Planning Commission on its initial plans for the lower floors of the building and its exterior courtyard,...   Read More.


A local developer has backed out of deals to build two 150,000-square-foot industrial buildings in the Chartiers Valley Industrial Park in Fairywood, but it may not be out of the picture.

The Pittsburgh Urban Redevelopment Authority board is expected to vote today on whether to rescind a sales agreement with Burns & Scalo Equities LLC and Franklin Interiors and to issue a new request for proposals for the redevelopment of the affected site. ... Read More
Fitzgerald Calls Pittsburgh Prison Closure A 'Unique Opportunity' For Development

It's been less than two weeks since the Wolf administration announced that the 136-year old Pittsburgh state prison would shut down by June 30. But Allegheny County Executive said developers have already shown interest in the 24-acre site along the Ohio River.

"We've already gotten some calls from people that are interested in it," Fitzgerald said. ...  Read More

Wilmington, Del.-based Buccini/Pollin Group Inc., a real estate investment company that owns a portfolio valued at more than $4 billion, is working to buy 375 North Shore Drive, the former Del Monte Center, from an affiliate of KKR & Co., sources told the Business Times.

With offices in Washington, D.C., Baltimore and Philadelphia, Buccini/Pollin Group describes itself as "students of cities"...  Read More
 
Planning Commission Approves $51.5 Million Casino Hotel

The Pittsburgh Planning Commission unanimously approved the new 221-room hotel addition to he Rivers Casino, a $51.5 million project  that will add a new amenity to the North Shore complex and for its more than 4.6 million guests each year.

With the project expected to be under construction by late spring, the hotel's design team, lead by  Stance with StradaArchitecture LLC  serving as the landscape architect ... 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 

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