Category Archives: Achievements

Colliers International Partners with PropTech to Showcase Real Estate Technology

On December 4th, the first ever Colliers PropTech Accelerator Powered by TechStars was held with the purpose of giving tech-based companies the opportunity to showcase their ideas and technology. These ten companies, from seven countries, pitched their designs with the hopes they would entice investors and eventually change the technology that is used within the commercial real estate industry.

The accelerator was created not only to showcase the talents of these ten organizations, but to also find technology solutions that would provide immediate and long-term benefits for the commercial real estate industry.

“When we look to the future, we know that how we embrace technology will increasingly be the key to our growth and differentiation amongst our peers,” said Colliers President and COO, Dylan Taylor, “We also believe that these advancements will enable our experts to deliver smarter, more personalized services, that can help make a difference for our clients.”

Attendees were able to meet and talk with entrepreneurs to get a glimpse of the newest innovative technologies that may soon be present in the industry.

To read more about the showcase, please click here.

Pittsburgh Ranked Best City for Jobs

The Steel City has claimed yet another accolade to add to its growing list. USA Today recently voted Pittsburgh as the best large metro area for jobs.

Pgh Skyline - Panoramic 2 - Reduced

The rankings were based on “the number of hiring opportunities relative to population, the area’s affordability and job satisfaction,” according to Glassdoor.com, a website which allows former and current employees to anonymously review companies and their management.

This is far from Pittsburgh’s first recognition as one of the best cities in the country. In 2018 alone, Pittsburgh was selected as the second most livable city in the United States, number one city for the most affordable rent, number 34 out of the top 100 places to live in the world, and number one city for young people to live based on job opportunities, affordability and livability.

To read the full USA Today article, click here.

Colliers International | Pittsburgh Wins Western PA SIOR Award

SIOR AwardColliers International | Pittsburgh received the “Investment Sale of the Year, Industrial – Speculative” award from the Western Pennsylvania Chapter of the Society of Industrial and Office Realtors (SIOR) Annual Awards Luncheon last Thursday at the Rivers Club.  

Gregg Broujos, Managing Director & Founding Principal, John Bilyak, Principal, and Justin Kline, Associate, received the award for the sale of the 31st Street Studios that occurred in the last quarter of 2017. New York-based North River Pittsburgh I, LLC purchased the 238,000 SF multi-industrial complex in the Strip District for $14 Million. 

“As with any Special Purpose property, the success of a disposition can only happen when all parties work well together so that a “win-win” result is achieved,” Broujos said. “To that end, Colliers International had a great working relationship with the seller and their counsel, Lampl and Associates, the buyer and their counsel, Houston Harbaugh, and the many officials and attorneys involved throughout the court-approved sale process.” 

31st Street Studios was formerly owned and operated by Gateway Entertainment Studios and was home to many film and television productions including Dark Knight Rises, Jack Reacher, Fences, Southpaw and Concussion.  

Colliers International | Pittsburgh Sells 31st Street Studios for $14 Million

New York-based North River Pittsburgh I, LLC purchased 31st Street Studios, the largest sound stage between New York and Los Angeles, for $14 Million. The 238,000 square foot multi-industrial complex sits riverfront on 9.36 acres in Pittsburgh’s iconic Strip District.

“The sale of the 31st Street Studios property is yet another example of the high velocity of the Strip District commercial real estate market and brings yet another high quality investment firm to the Pittsburgh market,” said Gregg Broujos, Managing Director & Founding Principal of Colliers International | Pittsburgh, who served as the broker for the public auction.

In addition to Broujos, John Bilyak, Principal, and Justin Kline, Associate for Colliers International | Pittsburgh along with Robert O. Lampl Law Office, represented the seller, Gateway Entertainment Studios LP.

“It was a team effort, but Gregg was instrumental in getting the property sold,” said Ryan Cooney, Lawyer at Robert O. Lampl Law Office. “With a bankruptcy case, there are more moving parts than your typical transaction, and Gregg was able to communicate well with everyone involved.”

According to their website, 31st Street Studios is home to many film and television productions with Sony Pictures, Paramount, and Netflix. Past productions include Dark Knight Rises, Jack Reacher, Fences, Southpaw, and Concussion.

Broujos commends Chris Breakwell, President and CEO of Gateway Entertainment Studios, for the phenomenal job he has done with the movie studio.

“It brings in an incredible amount of economic activity to the Pittsburgh region, and we really owe him a debt of gratitude for his work over the years and into the future.”