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Local Pittsburgh News

City authority approves deal to finance Penquins development

26 Jan 2015 17:30:00 ES

The city’s Urban Redevelopment Authority voted Monday to approve a financing deal related to the Pittsburgh Penguins’ proposed $440 million redevelopment of the former Civic ...

Lockdown over at Propel Braddock Hills

26 Jan 2015 17:30:00 ES

A lockdown at Propel Braddock Hills ended about 5 p.m. Parents said they were told guns were found at the school. Police and school officials ...

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Pittsburgh Commercial Real Estate News

CoStar's People of Note (Jan. 18 - 24)

23 Jan 2015 06:00:00

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Dallas / Ft. Worth, New York City, Denver, Orange County, Orlando, Chicago, Atlanta, San Diego, and Philadelphia. NEW YORK CITY, DENVER and DALLAS / FORT WORTH CBRE Expands Retail Business with New Hire, Acquisition By Randyl Drummer

Market Trend: Pittsburgh Office Vacancy Decreases to 8.1%

23 Jan 2015 06:35:03

The Pittsburgh Office market ended the fourth quarter 2014 with a vacancy rate of 8.1%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 868,224 square feet in the fourth quarter. That compares to positive 399,283 square feet in the third quarter 2014. Vacant sublease space decreased in the quarter, ending the quarter at 305,755 square feet. Tenants moving into large blocks of space in 2014 include...

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