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The first six months of the year have shown an increase in residential real estate sales over the past year.
Monday's report from
West Penn Multi-List Inc. found that closed sales are up 3.24 percent and average sale price is up 2 percent in the 17 counties comprising western Pennsylvania. There were 13,682 homes sold in the first six months of 2017, compared with 13,252 in the same period a year ago.
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The number of natural gas rigs working in Pennsylvania have more than doubled from the same period a year ago.
Baker Hughes' weekly rig count Friday found 34 rigs in the commonwealth, the most in the tri-state region. That's unchanged from a week ago.
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Limbach Holdings Inc. announced Monday that it had repurchased $3 million of preferred stock from a former sponsor.
The repurchase was for 120,000 shares held by 1347 Investors along with bank debt to total $4 million; Limbach has the right to repurchase 280,000 remaining shares of preferred stock for the next six month..
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Boston Consulting Group announced Tuesday that it has acquired Downtown-based Maya Design, an innovation lab and digital design firm that has been operating for nearly 30 years.
The global management consulting firm's acquistion of Maya will help the Pittsburgh company create a fuller suite of digital services, BCG officials said.
Terms of the deal were not disclosed.
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Allegheny Health Network plans to unveil its new 23,000-square-foot outpatient center Tuesday near Westmoreland Mall in Hempfield.
The opening of the outpatient center continues AHN's expanded presence in the region. AHN Westmoreland OBGYN, an obstetrical practice that joined AHN in 2015, started seeing patients five days a week at a nearby Pellis Road facility last year.
Earlier this year, Excela Health publicly chided AHN for the expansion, calling it a duplication of services
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Imagine riding your bike across the Allegheny River on an old railroad bridge landscaped with wildflowers and shrubs, and dotted with art installations. The bridge connects you to separate trails running through Pittsburgh's neighborhoods, but it also invites you to linger high above the water on walkways overlooking Downtown.
Might this dream become a reality?
The city's proposed "GAP to the Point" bike path is
still under review, and an updated Bike Plan for Pittsburgh will debut this fall, but D.J. Bryant, a designer at AE7 Planners and Architects, proposes an ambitious new idea-the Brilliant Branch Rail-to-Trail-that would increase connectivity and access to safe, affordable transportation options for several communities in the city. After all, of the 1,298 miles of streets in Pittsburgh, there are only 40 miles of on-street bike infrastructure and 31.2 miles of off-street trails.
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A new buyer has stepped forward for 31st Street Studios, the former mill property in the Strip that's been a hub of the region's film production industry.
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"They just have so many resources, from their mentors to their workshops to the feedback they give," she said. "To anyone starting a business, it is so valuable, especially since I didn't have any formal training in business management.".
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Deka Lash has expanded to the West Coast.
The Pittsburgh-based company recently opened a studio in Redondo Beach, Calif., owned and operated by
Jeff Kenney.
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Another national solar energy installation company is now in Pittsburgh.
Vivint Solar (NYSE: VSLR) announced Wednesday that it was now offering rooftop solar installations in the Pittsburgh region, about two years after it first entered Pennsylvania in Philadelphia.
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SHENANGO TWP. -- A company that received almost $140,000 in economic stimulus funding has committed to expand its manufacturing facility and double its workforce.
New York Blower Co., which has a facility on County Line Road in Shenango Township, will add 22 jobs over the next three years and add more than 30,000 square feet to its current 15,000-square-foot production space. The company manufactures engineered fans and blowers for industrial uses.
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For
Sheri Dyson, hope is found in a renovated carriage house in Waynesburg, Greene County.
It's there she spends her mornings learning new languages. No, not spoken ones. These are languages such as C# in Xamarin, which in layman's terms is coding that allows an app to be published to any phone
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UPMC and the Butler Health System on Friday announced a joint obstetric and gynecological care venture for patients in the Butler area.
Both health systems acquired Advanced OB/GYN Associates, made up of five doctors: Ronald Cypher, Patricia Arnett. Rosalyn Miller, Emily Curtin and Marydonna Ravasio, along with three physician assistants and two midwives.
The name, "Advanced OB/GYN Associates" will not change
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Pittsburgh drivers add 81 extra hours to their commutes each year because of traffic, according to a TomTom survey. While there are other U.S. cities that have it worse, Pittsburgh is known for its difficult driving conditions, with hills, bridges and bikers - all on a gridless city where many intersections have "no right on red" signs. But drivers in Pittsburgh could soon get relief..
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In advance of a judicial sale last month, Washington County Land Bank purchased its first three properties, two in Charleroi and one in West Brownsville.
Although there were concerns the formation of a land bank would result in the demolition of buildings, the land bank board plans to rehabilitate apartments above a commercial building at 526 Fallowfield Ave., Charleroi, and a one-story vacant house at 609 Third Street Extension in West Brownsville's Blainesburg neighborhood.
A third property at 511 Fallowfield Ave., Charleroi, purchased for $861, is a vacant lot
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Developers of property that is more than 5 acres in Ross' commercial corridor will be able to mix commercial, multifamily residential and office space on the site under a new ordinance approved Monday.
The new ordinance also requires that 20 percent of the property be open space, and "steep slopes do not count," Commissioner Steve Korbel said.
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McKnight Realty Partners is ramping up the marketing for a latecomer component of its redevelopment of the Terminal building into The Highline on the South Side.
New marketing materials being distributed by
JLL for The Highline are shopping 120,000 square feet as available for retail lease in a redevelopment project that McKnight originally proposed as mostly an office renovation
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Herky Pollock plans to develop a nine-story apartment building on a gateway site in Squirrel Hill at the corner of Murray and Forward Avenues.
Pollock said he's been working on the proposal for 18 months and views it as a legacy project for the neighborhood.
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The Davis Cos., the Boston-based real estate firm that owns the Union Trust building, has been chosen by the Pittsburgh Parking Authority to redevelop the 9th and Penn parking garage in conjunction with neighboring property owned by the Pittsburgh Cultural Trust.
The board of the Pittsburgh Parking Authority voted unanimously to enter into exclusive negotiations with Davis over two other finalists, Oxford Development Co. and Millcraft Investments, at a meeting Thursday.
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The Pittsburgh Supercomputing Center has gathered a team of regional stakeholders together to position itself for a Phase 1 grant from the National Science Foundation that would bring one of the world's most powerful supercomputers - and hundreds of millions of dollars of economic impact - to the region..
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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.
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