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January 2013 Archives

Pennsylvania school district receives new offer for property

One Pennsylvania school district was ready to seal a deal with a real estate developer who wished to purchase a 20-acre parcel of land, but, the deal unexpectedly fell through. Coincidentally, the district was able to strike a similar deal with another real estate developer almost instantaneously.

Major lease needed for Pittsburgh office complex

An out-of-state real estate developer is in need of more time before moving ahead on the development of a $26 million office complex set to go in on Pittsburgh's North Shore. The property is set to be nestled between PNC Park and Heinz Field, both of which are professional sports stadiums. Officials for the company said they are simply waiting to finalize a lease with one major tenant before moving forward with the commercial real estate project. In order to rustle up financing for the project, the company needs a large, primary tenant, which is presumably what they are in the process of nailing down.

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