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Consol Energy Inc. on Tuesday laid out plans for the splitting of the company, which will separate the natural gas operations that have become the company's driving force in the past decade and spin out its coal division, whose roots go back more than 150 years.
Consol (NYSE: CNX), which has long talked about separation, announced in December 2016 that it would do so. But the
filing with the U.S. Securities and Exchange Commission provides more details than before, including word that it could happen by the end of the year and shifting executives between the two companies.
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Jim Scalo is targeting the Pittsburgh Technology Center for a new office development.
Green Tree-based Burns Scalo Real Estate announced Monday that it plans to build a 150,000-square-foot office building called The Riviera on one of the last remaining parcels of riverfront land at the South Oakland business park
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Live Nation is officially moving into Pittsburgh.
The world's largest promotion company will open an office here at Nova Place on the North Side later this month, headed by Tom Loudermilk.
For more than a decade, Pittsburgh's Live Nation concerts have been booked by the Cleveland office, under Belkin Productions, which took full control of the market when Rich Engler retired from the company in 2004..
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The city has released a plan to revitallize Pittsburgh's Uptown and West Oakland neighborhoods.
Uptown, riddled with vacant lots and safety concerns, is the focus of the new EcoInnovation District Plan that has been in the works for two years and included community input. It will focus on "healing the environment, supporting the needs of existing residents, and expanding job growth" in the area, according to a press release.
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BRADDOCK (KDKA) - It's been three years in the making, but a much anticipated Superior Motors restaurant in Braddock is set to open Saturday night.
Inside Superior Motors, readiness is all as an army of electricians and construction workers - marshaled by chef Kevin Sousa - fight a deadline to transform the old car dealership in a one-of-a-kind restaurant. For Sousa, the culmination of a dream.
"Thank you to everyone who has stuck by our side," he said. "Thank you to Kickstarter, and thank you to everyone who believed that the project was possible."
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The URA announced that its board of directors will vote on a measure to issue a Request for Proposals to sell the property at its July meeting on Thursday.
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Allegheny County announced Tuesday that it has signed a 20-year lease to relocate its emergency services department and 911 operations center from Point Breeze to a facility in Moon.
The move immediately drew criticism from Allegheny County Controller Chelsa Wagner, who questioned the transparency of the decision-making process and the choice to move the department out of an urban area
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It's official: The Alfred Angelo Bridal chain in Monroeville has closed.
On Friday, a sign was posted to the glass front door that read simply "Store closed." In fine print was an email address for a bankruptcy attorney with south Florida-based Stearns Weaver.
On Thursday, the store's lights were shut off at 4:30 p.m., and about 10 women stood outside after hearing social media rumors that their wedding dress provider
had closed for good
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Heritage Valley Health System announced Thursday it will build a larger rehabilitation hospital on the site of its existing Sewickley center in a joint venture with health care giant
HealthSouth Corp (NYSE: HLS).
The 44-bed center,
HealthSouth Sewickley on Camp Meeting Road, will stay open while the construction on the new hospital begins in the third quarter of 2017. The $28 million new hospital will have 55 beds, about 140 jobs, and will likely open in the first quarter of 2019.
Heritage Valley Health System will send rehab patients at Heritage Valley Sewickley Hospital to HealthSouth Sewickley
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The board of the Urban Redevelopment Authority of Pittsburgh voted for a measure to push forward with the application process to develop a new Bus Rapid Transit System from downtown, through Uptown to Oakland and to the neighborhoods of the East End.
The board voted Thursday to pursue the application for a $100 million "Small Starts Grant" from the Federal Transit Administration after the federal agency approved a preliminary evaluation of the proposal in early June
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A regional accreditation agency has rejected Education Management Corp.'s plan to sell the Art Institute of Pittsburgh and Art Institute of Philadelphia to a California-based nonprofit foundation, according to a decision posted on Thursday.
The Philadelphia-based Middle States Council on Higher Education cited "insufficient information and evidence" in denying EDMC's requests at its June 22 meeting. EDMC is welcome to resubmit the request "after additional information needed to complete the review" is gathered, the accreditor's statement read
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Walnut Capital Partners proposes to renovate a long-empty car dealership property in Oakland into a new 43,000-square-foot office building, a shift in plans from a previous plan by the owner to build apartments on the property.
Working with Strada Architecture LLC, Walnut Capital presented a plan to the Pittsburgh Planning Commission that agenda documents indicate is expected to cost $6 million and bring two large floors of office space to a location on
Craft Place and the Boulevard of the Allies in an Oakland market which has been at near full occupancy in recent years.
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Anaïs Saint-André Loughran credits the inspiration of her late mother as the motivation for bringing a common feature of her native France to a new shop on Penn Avenue.
Her mother's name will carry on in Chantal's Specialty Cheese Shop, a new store
Saint-Andre Loughran is working to open with her husband Christopher Loughran at 4402 Penn Ave. in the space of a former eye-wear shop
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Now that 4moms is spinning out its self-installing car seat business as a separate company called Project 9, both businesses plan to move out of 4moms' namesake building in downtown Pittsburgh.
"4moms and Project 9 will share office space for the short term, but both companies will eventually relocate into new office space that will better suit their needs," confirmed
Amie Stanton, a 4moms spokeswoman, via email on Tuesday. "The goal is to be in a new space by 2018, if not before."
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After 22 years at the same address, Pepper Hamilton LLP's Pittsburgh office has become the latest law firm to opt for the Union Trust Building. The move, basically across Grant Street, is expected to occur in October 2018.
Ralph Finizio, partner-in charge, confirmed on Tuesday that the firm has inked a 10-year lease. Pepper Hamilton will occupy almost an entire floor after spending the past several years split among the 50th and 51st floors at BNY Mellon Center.
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Expect a relatively short wait when it comes to Richard DeShantz opening his next restaurant.
After a bid to establish a restaurant in a new building on Butler Street never came to fruition five years ago, the Richard DeShantz Restaurant Group has inked a deal with A-1 Realty, Inc. to lease the building at 3519 Butler St. in Lawrenceville's 6th ward
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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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