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Dave King spent nearly half a year commuting back and forth to Cincinnati to conduct solo airplane flights and earn a pilot's license, but these days when he flies, his feet remain firmly on the ground. Mr. King pilots drones.
Mr. King, who assembled his first do-it-yourself octocopter in 2010, is the founder and chief pilot of Steel City Drones. Since leaving his job at the Art Institute of Pittsburgh last year, he works full time as a commercial drone operator, capturing aerial footage for clients in industries ranging from real estate to engineering
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AK Steel has signed an agreement to acquire Precision Partners Holding Co., a North American automotive market company that provides engineering, tooling, die design and hot- and cold-stamped steel parts, for $360 million in cash.
Precision Partners is headquartered in Ontario, Canada, and employs more than 1,000 employees, including about 300 engineers and skilled tool makers, across eight plants in Ontario, Alabama and Kentucky.
The move advances AK Steel's focus on the automotive lightweighting space and its
position in advanced high-strength steels, according to a news release
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SkyVue Apartments, the new 14-story apartment project built on former Allegheny County Health Department property near the heart of Oakland, has been quietly sold as part of a $1.6 billion portfolio deal, according to an announcement.
Mapletree Investments, a Singapore-based real estate investment firm, announced last month that it has bought a collection of eight student housing properties and four apartment buildings in a deal that includes more than 3,750 beds of student housing and 1,388 apartments.
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SteelBridge Laboratories, an incubator for early stage financial technology firms, expects its new Strip District headquarters to be completed in October.
SteelBridge, which began operations in Bethel Park, helps founders and management teams develop financial software companies. It has three portfolio companies.
Renovation of the 6,000-square-foot facility on Smallman Street began on June 22.
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In McCandless next year, business will be booming - literally.
INPAX Academy of Personal Protection - a Pittsburgh-area self defense school founded by former marine
Sam Rosenberg - is projected to complete a new facility with an indoor firing range at the McCandless Crossing shopping center in spring 2018.
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It was a banner night for arts and letters in the city south of the Monongahela on Thursday with the opening of a bookstore on the South Side and a gallery in Allentown.
In an age of online shopping, e-books and iTunes, if one were picking growth industries on which to build a future, bank a career and support a family, one could hardly select a riskier gambit that used books and vinyl records
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At a time when lots of companies are moving into the Strip District, one is moving out.
After 30 years in the Strip, West Penn Finance Service Center Inc. has traded the grit and the parking hassles for brand new digs in the suburbs of Ross.
West Penn moved into a 13,000-square-foot building at 2250 Babcock Boulevard three weeks ago. It will be joined there by McCandless-based Everest Settlement, a sister company that shares the same ownership.
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When Chevron started operations in southwestern Pennsylvania a few years ago, the company noticed a familiar disconnect between workforce and available jobs.
"We had our social investment leaders come in from other parts of the country to find out what the issues and needs are here," said
Mary Murrin, the social investment team lead at Chevron Appalachia. "We spent about 18 months to two years listening to people and meeting with people."
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The Thai company considering building a massive petrochemical facility in eastern Ohio has bought property that used to house a
FirstEnergy Corp. power plant.
PTT Global Chemical Public Company Ltd., whose subsidiary may build a multibillion-dollar ethane cracker complex in Belmont County along the Ohio River, bought 168 acres for $13.8 million.
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Bar Louie is closing at Station Square after a run of about 15 years.
One of the original restaurants to help debut Bessemer Court, the restaurant and entertainment addition built at Station Square in 2002, Bar Louie notified its customer base through its Facebook page that today, July 5, will be its last day of operation
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It was something
Matthew Galluzzo had envisioned for years, since his days as manager for the Penn Avenue Arts District - working with artists and crafters to try to leverage their products on a larger scale in the region, to help meet demand in Pittsburgh's burgeoning real estate market.
Now executive director of the Lawrenceville Corporation, Galluzzo has brought that vision to Lawrenceville's latest project by partnering with
Monmade, a collaborative of dozens of Pittsburgh-area craft businesses established by
Bridgeway Capital's Craft Business Accelerator earlier this year, on materials for its first seven homes in its Community Land Trust Homes Project.
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Atlanta Property Group has acquired seven properties from
Starwood Capital Group, including 2000 Park Lane in North Fayette Township.
Terms of the deal were not discussed.
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The City of Pittsburgh has begun using an online database to list city-owned properties that are available for sale.
Announced Wednesday,
the website lets potential buyers see all available properties on a digital map or search by street name or parcel number, Mayor Bill Peduto's office said
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Detroit-based law firm Clark Hill PLC on Thursday announced plans to combine with Morris Polich & Purdy LLP, effective July 17, building its western presence. Clark Hill has operated in Pittsburgh since spring 2013, when it combined with Thorp Reed & Armstrong LLP, then the city's eighth-largest law firm.
The combined company will operate under the Clark Hill name and include more than 450 lawyers and professionals in 16 offices. MPP adds about 100 lawyers in Nevada and California through its offices in Los Angeles, San Francisco, San Diego and Las Vegas.
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If Rob Bowman has his way, his company's Hastings development in South Fayette will draw home buyers who are reminded of their childhood hometowns, or perhaps the kind of place they always wanted to live.
Charter Homes & Neighborhoods, which has offices in Lancaster and Pittsburgh, will break ground this month on the first of 500 homes to be built on 80 acres that once housed Mayview State Hospital. Six people have reserved spots after touring the construction site, and the first occupants could move in by year's end, says Bowman, president of Charter.
"Pittsburgh is this wonderful place to be, with a wonderful downtown that has reinvented itself," says Bowman. "We're going to put a neighborhood in that's something nobody in Pittsburgh has seen."
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Just off Penn Avenue, where Bloomfield meets Friendship and borders Garfield, a gate opens onto a narrow courtyard surrounded by low-slung storage garages. They may look as though they've seen better days, but Kristin Hughes thinks their best lie ahead.
"There's just something so wonderful about being in this common space," said Hughes, co-director of the nonprofit based in those garages,
Latham St. Commons, or LSC. "You close your eyes and you can imagine movies at night, Shakespeare theater, kids running around, big communal tables where people are sharing meals."
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A rails-to-trails project stretching through the heart of Washington County could bring jobs to the mid-Mon Valley when completed, according to officials there.
"I think trails have proven themselves to be economic generators for their communities," said Christopher Whitlatch, executive director of the Mon Valley Alliance. "I don't think you will see full economic success until you have a completed trail in all of these communities.".
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TechShop Inc., a network of open-access makerspaces, announced "positive developments" in the effort to transfer TechShop Pittsburgh to a new owner and keep the location open, though it did not disclose specifics of a deal Thursday.
"We have been working closely with a number of Pittsburgh stakeholders and foundations eager to participate on some level in keeping TechShop Pittsburgh open for years to come as a licensed location," said TechShop CEO
Dan Woods in a statement. "While we don't have any definitive deals in place yet, I'm happy to say that we're making excellent progress and that a committed consortium of nonprofit partners resolved to finding a long-term solution to keep TechShop in Pittsburgh is emerging."
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Delta Airlines announced Thursday that it'll launch a new nonstop service option for flights traveling between Boston and Pittsburgh starting Oct. 1.
The new flights will run twice daily, with departures from Pittsburgh at 6 a.m. and 6:40 p.m. The departure times were set to correspond with the business day, according to a release
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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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