Downtown Pittsburgh is in the middle of a multibillion-dollar building boom with $3.9 billion of projects either underway or in the planning stage, according to the Pittsburgh Post-Gazette. Currently under construction are 28 projects worth approximately $1 billion... Read More.

About 3,000 hotel rooms have been added in Pittsburgh in the past six years, one part of the tourism industry helping fuel the region's economy.

"They're still growing and the whole tourism economy is still growing," said Craig Davis, president and CEO of VisitPittsburgh, which hosted an event Monday to begin National Travel and Tourism Week, including a proclamation he read from the mayor declaring May 7 as Tourism Day in the city... Read More.

Westmoreland County-based brewer Christian Fyke is ramping up production in response to increased demand driven by a new product line, but he also needs to sort through his company’s finances.

Rivertowne Brewing of Export and its four restaurants filed for protection from creditors May 4 under Chapter 11 of the U.S. Bankruptcy Code, in part due to intense competition in the craft beer industry.

It hasn’t stopped the company from working to innovate. .. Read More.

Details have emerged about Walnut Capital’s plans for redeveloping the bankrupt Pittsburgh Athletic Association’s iconic clubhouse on Fifth Avenue in Oakland.

The Shadyside-based developer’s vision for the property — brought to life in renderings contained in documents filed recently as part of the PAA’s Chapter 11 bankruptcy case — includes offices on the upper floors of the six-story structure, plus space for three restaurants and a cafe on the main level... Read More.

Shut­ter­ing the YMCA of Greater Pitts­burgh’s Down­town fit­ness cen­ter on Fifth Avenue could help close a $1 mil­lion def­i­cit that the strug­gling non­profit runs an­nu­ally, the agency’s chief ex­ec­u­tive said Wed­nes­day.

Despite trim­ming staff, in­sti­tut­ing pay freezes and tak­ing other belt-tight­en­ing mea­sures in re­cent years, the YMCA de­clared bank­ruptcy Tues­day un­der Chap­ter 11 of the U.S. Bank­ruptcy Code. The fil­ing holds cred­i­tors at bay while the ven­er­a­ble agency re­or­ga­nizes its fi­nances... Read More.

An Indianapolis developer is proposing to build a 300-unit apartment building on a 2.3-acre tract of land at SouthSide Works near Hot Metal Street.

TWG Development LLC is planning 45 studio, 159 one-bedroom, and 96 two-bedroom units as part of the $44.9 million complex, which would be built at Sidney and Sarah streets behind 3025 East Carson St... Read More.

PITTSBURGH (AP/KDKA) – Carnegie Mellon University in Pittsburgh will offer the nation’s first undergraduate degree program in artificial intelligence.Officials with the school announced Thursday the new major will be available to students enrolled in the School of Computer Science starting in the fall.

Many American universities offer an artificial intelligence track within degree programs like Computer Science and Computer Engineering.

But Carnegie Mellon is the first school to offer a distinct undergraduate major in artificial intelligence. .. Read More.

Look closely at what’s driving new office development in the city and you’ll find a new dynamic at play.

In a Pittsburgh office market in which it has typically been big companies spurring new building development, the city is now experiencing companies no older than your typical startup committing to large spaces in new buildings and paying premium rents... Read More.

Mt. Pleasant Borough is one step closer to redeveloping a former industrial brownfield donated by the Levin family in 2008.

Duquesne-based environmental consultant KU Resources Inc. this week is expected to submit a final environmental assessment to the Pennsylvania Department of Environmental Protection that says no cleanup of the former Bryce Brothers Glass Co. site is necessary and that the 7.6 acres meets state standards for nonresidential development.. .. 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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