TOP PITTSBURGH NEWS | Week Ending November 6

PITTSBURGH COMMERCIAL REAL ESTATE

WEEK #45

pact-building-120-cecil-way-0002 image

Beacon Communities closes on century-old thermal plant it plans to convert into affordable apartments

Already with five other affordable housing conversions underway in and around downtown, Beacon Communities Senior Vice President Michael Polite can talk about a couple different attributes for his firm’s latest project that stand out among the others.

“Amazing,” he called 120 Cecil Pl. “Every time you look into right field while you’re at PNC Park, you’ll be looking at that building.”…Read More

childrens-home-otoole-site image

Children’s Home of Pittsburgh plans new facilities on Penn Avenue lots

The Penn Avenue business district that threads through Bloomfield and Garfield in the city’s East End may have a new four-story outpatient center and a Child’s Way facility built in the relative near future as an upcoming expansion of the Children’s Home of Pittsburgh.

The speciality healthcare institution revealed its early stage plans for its open lots on each side of Penn Avenue at North Atlantic Avenue as a preview of its institutional master plan before a Development Activities Meeting of interested community members of Garfield, Bloomfield and nearby Friendship on Thursday evening…Read More

01jw-waterfront-01 image

Marc Lore’s Wonder to open first western Pennsylvania location at The Waterfront

Wonder, the celebrity-chef infused meal platform founded by the tech entrepreneur Marc Lore, is poised to establish its first location in western Pennsylvania.

The New York-based meal platform, which various press reports note has raised more than $3 billion and been in acquisition mode for well-know vendors such as GrubHub, food subscription service Blue Apron, as well as a kitchen robotics firm, is announced as one of three new dining concepts at The Waterfront…Read More

pittsburgh-mills-19 image

Virginia developer to buy Galleria at Pittsburgh Mills

Comstock Holding Cos.⁠, a Reston, Virginia-based development firm that had to reinvent itself out of the residential market during the Great Recession, is poised to take on reinventing the Galleria at Pittsburgh Mills.

Comstock (NASDAQ: CHCI⁠) announced that in July an affiliate “entered into a purchase and sale agreement to acquire” the long-struggling, largely vacant regional mall, which totals nearly 1.1 million square feet on nearly 200 acres along Route 28 in Frazer Township…Read More

20261029mf-galleria01_1793296047 image

Wegmans to open new grocery store in the Galleria of Mt. Lebanon

The Pittsburgh grocery wars continue to heat up, with Wegmans announcing Thursday that it plans to move into the Galleria of Mt. Lebanon.

Just last year, the Rochester, N.Y.-based grocer announced plans to open its first Pittsburgh-region location and is now constructing a 115,000-square-foot store in Cranberry. The Galleria grocery would be its second location.

“As we make progress on our first store in the Pittsburgh market in Cranberry Township, we’re thrilled to take another exciting step in the region with the purchase of the Galleria Mall property in Mt. Lebanon,” said Dan Aken, Wegmans vice president of Real Estate and Store Planning. “We recognize the significance this property holds for the community and see a tremendous opportunity to give it new life.”…Read More

gettyimages-2163537650 image

More real estate listings tout data centers even as project opposition increases

The number of real estate listings that mention data centers is small but growing, a reflection of how the market is starting to position itself around the developments.

The data comes from a Compass International Holdings analysis of real estate listings active on U.S. multiple listing services on Oct. 13. It shows there were 477 active property listings on that date that mention data centers — a 49% jump from the same time last year, although still a small piece of the roughly 2 million total active listings….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.