The Mall at Robinson, near Pittsburgh, is being sold to an Australian institutional investment firm. Cleveland-based Forest City Realty Trust Inc. announced on Monday that it has a definitive agreement  for Brisbane-based QIC to acquire its ownership interest in 10 regional malls. The overall transaction values the malls at about $3.2 billion.

The sale of six of the malls, including Mall at Robinson, are expected to be completed by year end... Read More.

GE Lighting will sell the Mayer Street plant it shuttered in Collier in August, company officials said. 

The plant, which had been a fixture in the Bridgeville area for nearly a century, was closed Aug. 11, nearly a year after company officials said the shift away from incandescent, halogen and specialty fluorescent lighting made at the facility was forcing its hand.... Read More.

Pittsburghers meeting under the clock at the landmark Kaufmann's Building will soon be able to venture inside for a drink, dinner or overnight stay in a boutique hotel room. 

Philadelphia-based Core Realty is scheduled to open the doors Nov. 1 for a VIP ribbon-cutting, marking the opening of a 160-room Evan Hotel. 

Core bought the building for $15 million from Macy's, which closed its department store there in September 2015. Core has dubbed the building Kaufmann's Grand on Fifth.... Read More.

A 3-year-old tech startup expecting to double headquarters staff to 100 by the end of 2018 is moving from Station Square to Penn Liberty Plaza I in the Strip District to accommodate that growth.

Innovu LLC, which specializes in health and risk management data analytics, signed a 5-year lease for 20,000 square feet, CEO Patrick Stewart confirmed. ... Read More.

Fairmont Pittsburgh has announced its new restaurant concept is set to open later this month at the downtown Pittsburgh hotel.

fl.2 is set to open on Oct. 27 and will begin accepting reservations Oct. 13 through OpenTable, according to a news release.

The new modern American restaurant concept will feature locally sourced ingredients..... Read More.

One of Pittsburgh’s biggest advertising agencies is moving downtown next year.

Gatesman plans to relocate its headquarters from the SouthSide Works to Four Gateway Center in April, CEO John Gatesman confirmed on Tuesday.

The agency signed a 7-year lease, taking 14,000 square feet on the building’s seventh floor. GBBN Architects is designing the interior space.... Read More.

After splitting its offices in two buildings and four total floors in the Abele Business Park in South Fayette, Waldron Private Wealth jumped at the opportunity to consolidate into one office building.

Earlier this month, the financial advising firm moved into the top floor of Abele’s newest building at Beacon 1 on the hill high above the Bridgeville interchange to Interstate 79..... Read More.

Pittsburgh Glass Works expects to close its automotive glass plant in East Deer next year because the aging facility would require significant upgrades and investment to compete in the rapidly changing automotive market.

The closure would shutter a historic site along the Allegheny River where former owner PPG began making glass more than a century ago...... 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.


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