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Sep 24, 2024
Pittsburgh’s office market is in recession, plagued by increasing vacancy rates, low to negative rent growth, and low to moderate new construction,...
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Sep 19, 2024
A prominent Pittsburgh attorney is ripping a proposal by Mayor Ed Gainey to expand an affordable housing mandate to all corners of the city, claiming that...
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Sep 13, 2024
Pittsburgh’s second-tallest skyscraper has won a whopping $90.2 million cut in its taxable value amid fears that it could be empty in four years. With...
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Aug 26, 2024
For years, the Duquesne Light Company has had its name scrawled across the top of the 16-story Chamber of Commerce Building Downtown. But that could soon...
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Aug 13, 2024
Downtown’s historic Frick Building is undergoing a resurgence as its owner empties out the Gulf Tower just blocks away in anticipation of converting...
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Aug 1, 2024
Maybe Pittsburghers are just homebodies. On average, office attendance nationwide hit 70.6% of pre-COVID-19 levels in June, the highest rate since the...
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Jul 11, 2024
With the Pittsburgh Pirates’ lease at PNC Park set to expire in 2030, two state representatives are throwing the first hard and high fastballs in...
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Jul 9, 2024
Amid the turmoil engulfing Allegheny County’s property assessments, a state senator is launching his push to require routine revaluations in a bid...
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Jun 26, 2024
Walnut Capital pitched its half-billion-dollar blueprint for expansion of Bakery Square Tuesday, saying the next stage not only will bring new development...
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May 29, 2024
The Pittsburgh Downtown Partnership is getting behind efforts to create a loan fund to help developers and Golden Triangle property owners convert failing...
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May 17, 2024
In April, the delinquency rate in the Pittsburgh region for a popular type of commercial office loan stood at its highest level since the start of the COVID-19 pandemic, another sign...
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May 6, 2024
The former Nabisco plant in Larimer once served as a leader in baking technology. Now it’s fast becoming a home for a 21st century form of high tech...
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Apr 23, 2024
Four years after the start of the COVID-19 pandemic, the Pittsburgh region office market is starting to show signs of life. In its first quarter office...
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Apr 2, 2024
Since 2020, Downtown has been losing tenants while the other top markets in the region have been adding them, another indication of the troubles plaguing the central business...
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Mar 27, 2024
Another round of property assessment cuts will bring more distress to the crumbling Downtown tax base. The latest wave approved Tuesday by the Allegheny...
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Mar 12, 2024
Pittsburgh Councilman Bobby Wilson outlined his plan to give building owners and developers broader city tax abatements for projects that create at least 50 full-time equivalent jobs...
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Mar 7, 2024
The Downtown office crisis could be worsening, with nearly half of all office space empty by 2028 and more than two dozen buildings in danger of foreclosure,...
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Mar 4, 2024
The fallout from Allegheny County property assessment appeals is delivering more body blows to the Downtown tax base. Another five Golden Triangle properties,...
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Feb 23, 2024
Pittsburgh Urban Redevelopment Authority officials are requesting $30 million in state aid to further bolster efforts to convert struggling Downtown office...
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Feb 20, 2024
The K&L Gates Center in Downtown is facing a possible sale after its owner consented to a foreclosure brought by its lender, another sign of the worsening...
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Jan 19, 2024
When the White House announced in October that more than $35 billion could be available to help to convert office buildings to apartments, some Downtown...
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Jan 16, 2024
Three old and mostly empty Downtown buildings have gone up for sale, with each being pitched for a possible residential reuse in a market where such conversions are seen as a remedy...
Sep 24, 2024Pittsburgh’s office market is in recession, plagued by increasing vacancy rates, low to negative rent growth, and low to moderate new construction,...
Sep 13, 2024Pittsburgh’s second-tallest skyscraper has won a whopping $90.2 million cut in its taxable value amid fears that it could be empty in four years. With...
Jul 9, 2024Amid the turmoil engulfing Allegheny County’s property assessments, a state senator is launching his push to require routine revaluations in a bid...
May 17, 2024In April, the delinquency rate in the Pittsburgh region for a popular type of commercial office loan stood at its highest level since the start of the COVID-19 pandemic, another sign...
Apr 2, 2024Since 2020, Downtown has been losing tenants while the other top markets in the region have been adding them, another indication of the troubles plaguing the central business...
Mar 12, 2024Pittsburgh Councilman Bobby Wilson outlined his plan to give building owners and developers broader city tax abatements for projects that create at least 50 full-time equivalent jobs...
Jan 16, 2024Three old and mostly empty Downtown buildings have gone up for sale, with each being pitched for a possible residential reuse in a market where such conversions are seen as a remedy...