Shadyside developer Walnut Capital has reached a deal to buy the Jewish Federation of Greater Pittsburgh headquarters in Oakland as it moves to extend its reach in the East End neighborhood.

The federation’s board of directors has approved the sale of the headquarters — two separate buildings at 234 and 242 McKee Place — to Walnut Capital while it searches for a new location to house its offices... Read More.

When the new 350 Oliver garage opens Downtown in late November, its owners will turn their attention toward developing nine stories of condominiums on top.

Smithfield Oliver Phase 2 Partners LP, a joint venture of McKnight Realty Partners and Millcraft Investments, is aiming to start construction in March and complete the 86 housing units by summer of 2019, says Izzy Rudolph, McKnight’s president of development and acquisitions... Read More.

After a six-year delay, UPMC is ready to build a sprawling research center that aims to change the way medicine is used in the fight against cancer and other serious diseases.

The new center, which will be housed in an historic, 350,000-square-foot building on Baum Boulevard and Morewood Avenue near UPMC Shadyside Hospital, includes a $200 million commitment by the Pittsburgh health care giant, according to two people familiar with the plans but not authorized to speak publicly about them... Read More.

Core Realty cut the ribbon to preview its redevelopment of the 1.2-million-sqaure-foot Kaufmann’s Grand on Fifth, a mixed-use repositioning of the former Kaufmann’s department store that will blend history with technology.

Construction on the building has been underway for the past year and a half with much of the space still raw enough to suggest plenty of work still to come, but when completed, Philadelphia-based Core says the project's apartments will bring high-tech amenities. Core revealed a plan with Amazon to outfit the project’s 311 apartments with the tech company’s Alexa voice command technology, which is expected to enable residents to order up coffee, open and close blinds, turn off their television and many other tasks by spoken word ... Read More.

The city of McKeesport is acquiring the former Daily News building and is exploring the creation of a digital media center there, in cooperation with Point Park University, Mayor Mike Cherepko said Wednesday.

Cherepko told city council that officials are close to a deal with the parent company of the Tribune-Review and TribLive.com to purchase the building for what he described as "an unbelievably good price." ... Read More.

Waffles Incaffeinated is preparing to bring its breakfast magic to downtown, where it expects to be the first restaurant in the Kaufmann’s Grand on Fifth Avenue redevelopment.

Gordon Sheffer, managing director of Waffles Inc., said he expects to open the largest location yet for the breakfast-oriented restaurant, setting up in a 3,000-square-foot space with seating for 95 along with four tables outside on the Fifth Avenue side of the 1.2-million-square-foot landmark near Cherry Way... Read More.

A Moon Township Kmart store will be among the latest retail closures announced by Sears Holdings.

The company released a list Thursday of the 45 Kmart stores and 18 Sears stores it plans to close in late January 2018.

In Pennsylvania, along with the Kmart on Gracy Center Way in Moon, seven stores were listed for closure. Kmart on Route 68 in Clarion and Sears stores in Indiana, Pa., and State College will also shut their doors... Read More.

Using all of our resources, personal knowledge and industry publications we have compiled into an interactive map the various construction projects within the greater Pittsburgh Metro.

Our Multi-Family Development Map is available as a resource for you today, please enjoy while we continue to bring you various other commercial real estate and development resources!

Also available is a downloadable copy of our very own 1031 Exchange Brochure, explaining everything you would want to know as to why a 1031 Exchange is an excellent tax deferring strategy.
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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