City: Pittsburgh

Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $19.8 million. The 14-story building was constructed in 1913 at 339-357 6th Ave. as a ...

Pittsburgh Business Times An affiliate of Roadside Development has paid $15.23 million, or $91.20/sf, for the Galleria of Mt. Lebanon, a multi‑level retail property totaling a little more than 167,000 square feet in the Pittsburgh suburb of Mt. Lebanon, Pa. ...

Commercial Real Estate Direct Staff Report The $160 million mortgage against the 2.34 million-square-foot U.S. Steel Tower in Pittsburgh matures in less than two months and is evidently facing challenges getting refinanced. The loan is scattered among three CMBS deals: ...

Commercial Observer M&T Realty Capital Corp. has provided a $55.7 million loan against the 252-unit LiveWell Apartments in Pittsburgh. The property, at 550 Wood St., is a former 314,000-square-foot office building that was converted into apartments and is owned by ...

Commercial Real Estate Direct Staff Report Pittsburgh's Heinz 57 office building, whose $62.6 million CMBS loan comes due later this month, is facing challenging times. Its namesake tenant, H.J. Heinz Co., which leases 309,623 square feet of the mixed-use building's ...

Treetop Cos. has paid $32 million, or $62.09/sf, for the Pittsburgh Logistics Center at 460 Nixon Road in the Pittsburgh suburb of Cheswick, Pa. The 515,411-square-foot industrial property was sold by Maguire Hayden Real Estate Co., which bought it in ...

Commercial Real Estate Direct Staff Report Wells Fargo Bank and JPMorgan Chase Bank have provided $475 million of mortgage financing against a pair of office/lab buildings in Philadelphia and Pittsburgh owned by a Ventas Inc. venture. The five-year loan is ...

Barings has provided $71.85 million of mortgage financing against the 247-unit Park at SouthSide Works apartment building in Pittsburgh. The loan, arranged by Newmark, allowed the property's developer, SomeraRoad Inc. of New York, to retire $71 million of financing that ...

Tempus Realty Partners has paid $43.75 million, or $347.26/sf, for the 125,985-square-foot mixed-use property at 1600 Smallman St. in the Strip District of Pittsburgh. The Little Rock, Ark., investor acquired the property from McCaffery Interests of Chicago in a deal arranged ...