Tag: Pittsburgh Commercial Real Estate
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Colliers International | Pittsburgh Sells 31st Street Studios for $14 Million
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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…
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Justin Kline Completes Leadership Pittsburgh’s Leadership Development Initiative (LDI)
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Justin Kline, Investment Sales Associate at Colliers International | Pittsburgh, recently graduated from the Leadership Pittsburgh LDI Class XXIV. Kline, alongside the 50 members in his cohort, completed 31 credits in leadership sessions and activities, participated in an overnight retreat and implemented community impact projects over the course of 9 months. According to the Leadership Pittsburgh…
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Colliers’ Kids Bring Fresh Ideas to the Office
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Three very imaginative, sales-minded and hard-working children joined the Colliers International | Pittsburgh team last week for our annual “Take Your Child To Work Day.” The first part of the day was spent learning about what makes buildings different, including the amenities they offer. This was all in anticipation of their big project of the day:…
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Patrick Sentner Installed on Society of Industrial and Office Realtors (SIOR) Board of Directors
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Patrick Sentner, SIOR, Founding Principal for Colliers International | Pittsburgh was recently inducted into the Society of Industrial and Office Realtors® (SIOR) Board of Directors to serve a two-year term as a Board Member-at-Large. The induction took place during the SIOR Fall World Conference in New York City. Although Sentner has experience in many different…
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Continued Strength in Q2
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Following a strong performance in the first quarter of 2016, Pittsburgh’s office market ended the second quarter with similar strength, boasting a vacancy rate of just 7.7%. The average rental rate, over all classes, finished at a solid $20.40 per square foot. Overall, Pittsburgh’s Central Business District (CBD) posted a declining vacancy rate of 8.3%,…
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Colliers International | Pittsburgh Bowls for Junior Achievement
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Colliers International | Pittsburgh and their families took to the (Arsenal) lanes this weekend for Junior Achievement of Western Pennsylvania’s (JAWPA) first Bowl-A-Thon of the 2016 season. Our two teams raised over $1,000 for financial literacy and education in Western Pennsylvania. Maria Hanson, Client Services Advisor for Colliers International | Pittsburgh and JAWPA Young Professionals…
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Gateway Center Approaches Record Level Occupancy
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Hertz Investment Group and Colliers International | Pittsburgh are proud to announce the recent signing of a new lease agreement with long-standing regional law firm, Keevican Weiss Bauerle & Hirsch LLC to newly renovated space at Three Gateway Center. “Hertz and Gateway understood ours is a client service business,” said Managing Director Lee Keevican. “Their…
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Q4 2015 Pittsburgh Office Market Report
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Office Market May be Nearing Peak At the conclusion of 2015, Pittsburgh’s office market is beginning to show signs of peaking. Overall office vacancy rates for the 4th quarter increased slightly over 3rd quarter results from 8.1% vacant to 8.3% vacant at year end. Rental rates for office space in all submarkets and classes decreased…
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