Tim Schooley
Reporter at Pittsburgh Business Times
Striving to keep the real in real estate coverage as a reporter for the Pittsburgh Business Times. Also covers: retail, restaurants, film prod., etc. etc. etc.
Articles
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1 week ago |
bizjournals.com | Tim Schooley
Despite a challenging downtown office market, one Pittsburgh company is not only staying put but also expanding its footprint in a prominent Sixth Avenue tower. System One, an employment agency and outsourcing service, is the second company this year to reach a lease agreement to both stay and expand at K&L Gates Center. Colliers, the company's leasing firm, announced the company has reached an agreement to extend the lease for a floor in the building at 210 Sixth Ave.
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1 week ago |
bizjournals.com | Tim Schooley
Macy's, one of the last remaining retailers that's open and operating at the Galleria at Pittsburgh Mills, has put its property there up for sale. Recently, a local team from Colliers quietly issued marketing materials indicating the anchor store, which the New York department store company owns, is available to a buyer, referencing it as a "redevelopment opportunity" while also acknowledging the store remains open for business.
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1 week ago |
bizjournals.com | Tim Schooley
Despite rising vacancy rates, some industry experts remain optimistic about the long-term outlook for Pittsburgh's commercial real estate, pointing to emerging opportunities in the market. The Pittsburgh office market vacancy continues to rise, reaching 22.2% in a new report by the Pittsburgh office of JLL, a slight uptick from previous quarters.
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1 week ago |
bizjournals.com | Tim Schooley
Preview this article 1 minPittsburgh's latest bond sale showcases the city's financial health, with a major local bank stepping up to support urban development plans. Pittsburgh closed on a $62.6 million bond for 2025. The bond has a 4.04% interest rate over 20 years. Funds will support infrastructure and community investment projects. The City of Pittsburgh turned to a familiar financial presence for its new bond issuance.
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1 week ago |
bizjournals.com | Tim Schooley
Preview this article 1 minGreat Southern Shopping Center in Bridgeville is set to welcome new stores, including the region's first Sierra, as it rebounds from recent closures. Great Southern Shopping Center expects to fill recent vacancies quickly. TJX Cos. plans three new stores, including region's first Sierra. Big Lots and Party City spaces will have new tenants soon. Perry Russ may have some empty stores to fill at Great Southern Shopping Center, but he emphasized they won't be vacant for long.
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Oakland native with Indiana developer pursuing 12-story, 326-unit apt. project on Halket in Oakland: https://t.co/Rl7T0EflUl @OaklandPlanning
Former One Grandview site, once known for the Edge restaurant, totaling four acres, is up for sale on Mount Washington. @CityofPgh @DowntownPitt @SouthSidePgh https://t.co/0xiRkaWXNk
First new @IsalysNation store in as long as I can remember coming to the @StripDistrict: https://t.co/VdGU4PZDVi