Tag: Leasing
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Pittsburgh’s Overall Vacancy Rate Dips Below 8%
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Source: Q4 2012 Pittsburgh Office Market Report During the fourth quarter of 2012, Pittsburgh’s overall office vacancy rate decreased to 7.9%, continuing an ongoing positive trend. Behind the stability of Pittsburgh’s banking sector, the strength of local health insurance companies and the under-the-radar growth of many high-tech companies, Pittsburgh continues to be one of the…
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HDS Marketing Leases 34,000 SF in West Pittsburgh Business Park at 1000 Napor Boulevard
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HDS Marketing has leased 34,230 square feet at 1000 Napor Blvd. in Pittsburgh, PA. Occupancy is set for later in the first quarter of 2013. +/- 26,000 SF remains available for lease. The original building was 190,000 SF with several out buildings, and was constructed in 1970. The Sampson Morris Group purchased the property and…
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Demand for Office Space is Excellent in Downtown Pittsburgh
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Sources: Colliers International | Pittsburgh Q3 2012 Pittsburgh Office Market Report Pittsburgh office market performance continues to be strong, with an increased amount of activity and tenant movement. The office vacancy rate is steadily declining on a quarter over quarter basis, as Class A buildings continue to fill with new leases, expansions and renewals. Plans…
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Sampson Morris Group Holds Broker Oktoberfest
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On October 23, 2012, an Oktoberfest Luncheon/Open House was held by Sampson Morris Group & Colliers International | Pittsburgh on the second floor of 5400 Campbells Run Road | Building One. There were approximately eighty brokers from the Western Pennsylvania commercial real estate brokerage community in attendance for this event. Sampson Morris Group’s Oktoberfest Luncheon/Open House…
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Central Business District Booming with News of Office Space Development
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Sources: Q2 2012 Pittsburgh Office Market Highlights; CoStar Excitement is growing for the possibility of new downtown Pittsburgh high rise buildings, offering a blend of new office and retail space. Development plans announced in Q2 2012 are all located near Market Square, fresh off a $5 million makeover. The Pittsburgh Business Times and CBS Pittsburgh reported…
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New Skyscraper Could Be Built In Downtown Pittsburgh
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Source: KDKA-TV Excitement is growing for the possibility of new downtown Pittsburgh development. KDKA-TV’s Jon Delano reports Oxford Development, the owner of the building across from the Macy’s that stretches along Smithfield between Fifth and Forbes, has promised a major announcement that could mean more top-of-the-line Class A office space opening up in downtown Pittsburgh.…
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Pittsburgh Commercial Real Estate Market Continues to Strengthen
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Source: Q1 2012 Pittsburgh Office Market Report Highlights; CoStar The demand for office space in Pittsburgh has strengthened due to a number of factors positively impacting the overall health of the market. In the Central Business District the “Med’s” (UPMC and Highmark) continue to expand by leasing additional Class A office space, while the “Ed’s” (Point…
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High-Tech Firms, New Development Eyeing East Liberty
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Sources: Pittsburgh Magazine; Details.com; CBS Pittsburgh East Liberty is emerging as a promising location for businesses catering to the advanced technology industry. Located within a few miles of Oakland’s university community, and even closer to the upscale residential districts of Shadyside and Highland Park, East Liberty has a flourishing start-up scene, and is poised to become…
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Colliers International | Pittsburgh Represents Milestone, Inc. as Tenant
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– Secures a new 6,202 SF office for their relocation to Penn Center East – Colliers International | Pittsburgh is proud to announce that Milestone, Inc. will be relocating its Behavioral Health office to Penn Center East, Building Seven, 777 Penn Center Boulevard. Patrick Sentner SIOR, Founding Principal and Edward Lawrence MBA, Associate at Colliers International…
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Colliers International | Pittsburgh Honored with 2011 CoStar Power Broker Award
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Commercial Real Estate’s Leading Independent Research Service Recognizes Top Leasing and Sales Firms in the Industry Colliers International | Pittsburgh has been selected by CoStar Group (NASDAQ: CSGP), commercial real estate’s leading independent research firm, to receive a CoStar Power Broker Award. This annual award recognizes the “best of the best” in commercial real estate…