Category: Uncategorized
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Q4 2014 Pittsburgh Industrial Market Report
Q4 2014 Static Finish to the Year The fourth quarter of 2014 finished without the anticipated flourish that it was trending toward. Vacancy actually crept up three basis points from 7.2% to 7.5% while absorption for the quarter experienced a negative 591,656 square feet. This is the largest negative quarter since 2009 and all others,…
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Pittsburgh named best downtown in America
Livability.com recently published its 2015 Top 10 Best Downtowns, naming Pittsburgh as number one. The site attributes the top ranking to the “uniquely positioned downtown” that lies between the Allegheny and Monongahela rivers, the variety of entertainment options, as well as “low vacancy rates, a high number of new homeowners, walkable neighborhoods and a high…
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Gregg Broujos puts an exciting new owner in Curry Hollow Center
Managing Director and Founding Principal, Gregg Broujos successfully completed the sale of Curry Hollow Center at the end of 2014. The 260,000 square foot retail property sold for $4.4 million. Although the retail center is a bit outdated, Gregg has complete confidence in the new owner’s ability, “He and his family have repositioned other assets like this ….…
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Amazon and ModCloth distribution center up for sale in Pittsburgh’s West End
Colliers International | Pittsburgh’s John Bilyak provides his input on the 570,000 square foot listing at 2250 Roswell Drive, “I’m sure the lack of inventory, particularly on the industrial side, is going to generate a ton of activity on that property”. Read the full article here. For more information regarding this listing or other investment…
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Q3 2014 Pittsburgh Industrial Market Report
Q3 2014 Trending Upward As expected the third quarter was an active quarter for lease executions. Net absorption for the quarter was 950,000 SF putting year to date absorption at just under 1,500,000 square feet. This already exceeds 2013’s total absorption of 1,150,000 square feet. With the current activity in the market there is no…
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Colliers International | Pittsburgh Welcomes Jacob Machel as Research Analyst
Jake Machel joins Colliers International | Pittsburgh as a Research Analyst and Broker-In-Training. His responsibilities include collecting and analyzing past, present and future real estate market statistics; tracking market trends and business movement; and assisting in the formulation of Quarterly Market Reports. While serving as research analyst, Jake is also currently studying the real estate…
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Colliers International | Pittsburgh celebrates Bring Your Child To Work Day 2014
The youngest members of the Colliers International | Pittsburgh team joined the office during Bring Your Child to Work Day on Thursday, April 24, 2014 bringing with them smiles, laughs, and loads of personality. The eight fresh-faced children started out their day with a game of Pin the Leasing Sign on the Gulf Tower. The…
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Q4 2012 Pittsburgh Investment Newsletter
Source: Colliers International | Pittsburgh While the global commercial real estate recovery remains uneven and very specific to geographic and asset class, commercial real estate continues to be a prime target for both institutional and private capital alike. Compared to the other primary investment vehicles, commercial real estate offers higher yields and, in many cases,…
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