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PITTSBURGH COMMERCIAL REAL ESTATE

WEEK #49

Apartment trade group advises membership to disregard city's new voluntary rental registration


The administration of Mayor Ed Gainey's voluntary roll out of the contested Residential Housing Rental Permit Program has motivated a local apartment trade group to advise its members to disregard it.


The Gainey administration announced in mid December that the city's Department of Permits, Licenses, and Inspections (PLI) had launched the permit program to "ensure rental properties in Pittsburgh meet basic health and safety standards" to enforce the new ordinance...Read More

Buccini Pollin Group touts completion of FNB Financial Center ... at a considerably higher price tag


Pittsburgh's biggest new office building is now officially done and occupied by the second-largest bank in Pennsylvania.


Buccini Pollin Group, the development partner of the Pittsburgh Penguins, detailed the many goals for the new FNB Financial Center now rising 26 stories in the Lower Hill on the edge of downtown in its announcement of the project's completion, that include providing a new headquarters home for F.N.B. Corp. (NYSE: FNB), achieving a LEED Gold designation as well as meeting community standards for minority business participation and investment into a community fund for the rest of the Hill District...Read More

The National Observer: What's next in industrial real estate


Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals' network of publications. We've got stories for you on the jobs with the greatest turnover risk; Amazon's return-to-office delays; and Lennar Corp.'s plans for a $5 billion spinoff. But first, let's take a look at what might be ahead for the industrial real estate sector in 2025.


Get more stories like these every day in your inbox by subscribing to The National Observer newsletter...Read More

For more than a century, Grant Street Tavern has served politicians, judges and the average Joe


For more than a century, Downtown’s Grant Street has seen politicians rise and fall. But through change and turmoil, there has been one constant — a little bar next to City Hall.


Over the years, the Grant Street Tavern has survived the political coups and Machiavellian maneuvers across the street. It has been a shoulder to cry on, a back room to cut deals, and a refuge from the bluster and backstabbing in the halls of power...Read More

U.S. Steel-Nippon deal: After CFIUS deadlocks, how we got here and what comes next


The Committee on Foreign Investment in the United States — a federal panel created to screen deals for national security risks and deliver a recommendation to the president — deadlocked over its review of the proposed $15 billion sale of U.S. Steel to Japanese steelmaker Nippon Steel.


The decision is now up to President Joe Biden, who has long-opposed the deal. The deadlock on Monday triggered a 15-day window for Mr. Biden to issue a decision...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.
SVN | Three Rivers Commercial Advisors is a leading commercial real estate investment brokerage firm located in Pittsburgh, Pennsylvania. SVN | Three Rivers Commercial Advisors provide best-in-class service to the commercial real estate community. Through an individualized approach and customized marketing strategy - SVN | Three Rivers Commercial Advisors strives to outperform its competition and deliver unprecedented value to our clients.

All SVN® offices are independently owned and operated.
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