Tag: Pittsburgh Commercial Real Estate
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Colliers International | Pittsburgh Announces The Sale of Parkway Center – Buildings One, Two, Four, Six, Seven, Nine and Ten
Colliers International | Pittsburgh is proud to announce the sale of an office complex portfolio and garage located at Parkway Center – Buildings One, Two, Four, Six, Seven, Nine, and Ten in the Parkway West Corridor. The 622,771 SF office complex, situated on 20+ acres, was sold by GPA and GPA II to PWC Pitt, LLC., lead…
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Q1 2014 Office Market Report
Activity in the office leasing market in Pittsburgh leveled off in the first quarter of 2014, but overall the market performance continues to exceed typical expectations for the region. The overall office vacancy rate in the region is up slightly to 8.3 percent from 8.1 percent at the end of 2013, while Class A office space in the CBD…
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Q1 2014 Pittsburgh Retail Market Place Highlights
Local Market Update Pittsburgh’s retail market experienced minimal impact the first quarter of 2014. The vacancy rate remained the same at 4% from the previous quarter in 2013, ranking Pittsburgh 12th out of 63 markets nationally, the lowest being San Francisco at 3.4% and the highest is Cleveland at 15.2%. Researchers are forecasting the national…
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Colliers International | Pittsburgh Announces Amizade Global Service-Learning’s New Lease at 3406 Ligonier Street
– Amizade Secures 4,200 SF of Office Space at 3406 Ligonier Street – Colliers International | Pittsburgh is proud to announce that Amizade Global Service-Learning has leased 4,200 SF in the office building located at 3406 Ligonier Street. The 4,200 SF office building, which is located in Lawrenceville, will be the headquarters for Amizade and Global…
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Colliers International | Pittsburgh Brokers Honored at Annual SIOR Awards Luncheon
Several brokers from Colliers International | Pittsburgh received awards at the Western Pennsylvania Chapter Society of Industrial and Office Realtors (SIOR) annual awards luncheon on Wednesday, March 12, 2014 at the Rivers Club. The awards recognize both the top and most creative commercial real estate transactions in the greater Pittsburgh area completed in 2013. Paul…
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Q4 2013 Pittsburgh Office Market Report
Pittsburgh’s Office Market Continues to Tighten With the rest of the country’s real estate portfolio just beginning to recover, the Pittsburgh office market has seen unprecedented success in terms of its vacancy rate. The overall vacancy rate for the market, at 8.1 percent, is one of the lowest in the country, but only begins to…
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Q4 2013 Pittsburgh Investment Newsletter
Family Office (FO) Commercial Real Estate Services This article is the first of a series that presents various aspects of real estate investment from a comprehensive wealth management perspective. Various relevant topics will include basic real estate asset-class investment characteristics, varying inflation hedging capabilities of public vs. private real estate investments, the market composition of…
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Q3 2013 Pittsburgh Investment Newsletter
Third Quarter Leasing and Sales Activity Remains Strong The Pittsburgh market continues to live up to the national hype, posting strong gains in all product types while sales continue to remain solid. The OFFICE MARKET for the Third Quarter of 2013 saw an overall vacancy rate of 8.1% with a quoted rental rate at $18.84.…
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Q3 2013 Pittsburgh Market Place Highlights
Local Market Update Pittsburgh’s retail vacancy rate increased in the third quarter 2013, ending the quarter at 4.3%. Over the past four quarters, the market has seen an overall decrease in the vacancy rate, with the rate going from 4.7% in the fourth quarter 2012 to 4.4% at the end of the first quarter 2013,…
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Colliers International | Pittsburgh Appoints Lynn Williams as Vice President of Investment Services
Lynn Williams joins Colliers International | Pittsburgh as Vice President of Investment Services. She will be assisting in the acquisition and disposition of investment properties, including multi-family, office, retail and industrial buildings. Williams has been involved in the commercial real estate industry for more than 25 years with a focus on investment management/advisory, asset management…