Real Estate Notes
By Sam Spatter and Howard Mcclellan,
Published: Sunday, April 15, 2012
• Pittsburgh will host the three-day Mid-Atlantic Regional Conference of Building Owners and Management Association, starting Wednesday at the Omni William Penn Hotel, Downtown. Phil Keoghan, host of "The Amazing Race," will be the keynote speaker at Thursday's brunch 11 a.m. to 2 p.m. At 2:30 p.m., local experts will discuss "Pittsburgh's Transformation from Steel Town Past to High-Tech Future." Tours include the observation deck of Gulf Tower, a roof top garden at the Grant Building, Henry Clay Frick's private bathroom in the Frick Building and the Family Courthouse museum. The meeting will conclude with the Toby Award Dinner at Carnegie Music Hall, starting at 5:30 p.m., when the Outstanding Building of the Year will be named.
• Aiello Iz LP representatives on Thursday will seek Pittsburgh Zoning Board of Adjustment's approval for a two-story addition to a structure at 6010 Centre Ave., East Liberty, for use as a restaurant. Beehive and Steve Zumoff want to use 3,700 square feet of a building at 1323-27 E. Carson St., South Side, for a restaurant. Andrew Lee wants to use 630 Suismon St., North Side, as a club. The Socol Club/HEH Communications wants to install an electronic message board for the club at 2912 E. Carson St., South Side. Sun Co. Inc. wants to place two electronic non-advertising signs of 50.72 square feet each at 195 N. Craig St., Oakland. Michael and Bernadette Crowley want to use 165 Brookline Blvd., Brookline, for storage of three non-commercial vehicles.
• Officials of Adams Township, Butler County, are reviewing a proposal from Bred Hespenkeith to develop a site at Route 228 and Myoma Road into a residential and commercial complex. The plan includes 150 townhouses, 25 to 35 single-family houses, four commercial units including a national restaurant chain and a gasoline station with a convenience store, said John Wills of Re/Max Select Realty. He is the agent involved in the project.
• A groundbreaking party will be held at noon Monday at 121 S. Highland Ave., East Liberty, for Walnut on Highland, sponsored by Walnut Capital and Massaro Properties. Scheduled to open in 2013, Walnut on Highland will have 110 one- and two-bedroom apartments, fitness center, community room and parking garage.
• Sports Clips Haircuts has opened at 10 Old Clairton Road, Pleasant Hills, its 13th location in the Pittsburgh area. The chain will offer free MVP upgrades, including a massaging shampoo, hot steamed towel treatment and neck and shoulder massage, to new clients who purchase a haircut, said Jeff Crummie, local team leader.
• The U.S. Bankruptcy Court for the Southern District of New York has given BGC Partners Inc. approval to acquire substantially all of Grubb & Ellis Co.'s assets.
• Robert Brash, owner of Roice Construction, is among 12 finalists for Contractor of the Year, a competition sponsored by Caterpillar Inc. and construction trade magazine Equipment World. Each finalist is selected on the basis of company achievements, endorsements from customers and vendors and contributions the company has made to the construction industry. Roice, specializing in commercial site preparation and utility projects, is in Gibsonia.
Real Estate Gallery
• Bunting Graphics Inc. hired Mark Kiser as lead estimator, architectural metals division.
• Domenic Greco has joined the RE/MAX Heritage office in Murrysville.
• Ron Croushore, president and chief executive officer, Prudential Preferred Realty in Pittsburgh, was named Prudential Real Estate Network's Broker of the Year.
• Sales managers at Coldwell Banker Real Estate Services who received the President's Council Award from NRT LLC are David Bruckner , South Hills; Barbara Law , Airport/Beaver Regional; Marian McGingle y, Squirrel Hill; Barbara Boyle , Fox Chapel; Mark Pelusi , Peters Township; Jim Peters , North Hills; Dee Rink , North Hills; Drew Thompso n, Cranberry Township; Tom Yargo , Shadyside, and Eric Bridge , North Huntingdon.
DEALS OF THE WEEK
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
PRICE: $36.2 million
Property sold: Westinghouse Building Four, Cranberry
Seller: Cranwoods WST Ltd., Cleveland
Buyer: CG Net Lease Cranberry Investors LLC
Details: Last of four structures built as part of Westinghouse Electric Co.'s headquarters complex in Cranberry Woods; 118,031 square feet, 24.7 acres, fully leased to Westinghouse
Comment: "The buyer (Griffin Capital), a triple-net-lease buyer, believes Cranberry is the best submarket in the country as an investment," said Dan Adamski. He and with Michael Hochanadel, both of Jones Lang LaSalle, represented the seller.
PRICE: $1.2 million
Property sold: 187 Scharberry Lane, Mars
Seller: Kaclik Development Associates LP
Buyer: Lutheran Seniorlife
Details: A 12,212-square-foot building with two tenants
Comment: "Lutheran Seniorlife will convert the remaining space into its new headquarters, moving from Executive and Freedom roads, Cranberry," said John Wills of Re/Max Select Realty, who represented the buyer.
Property: 202 Beaver St., Sewickley
Seller: Susan C. Wardrop and PNC Bank, co-trustees
Buyer: Presbyterian Church of Sewickley
Details: Three-story stucco dwelling and garage
Comment: "Our current plan is to demolish the structures and build a new Youth and Education Center," said Thomas Graham, chairman of the church property committee.
Recent home and condominium sales that brought top prices in Western Pennsylvania.
Seller: James Teague Jr.
Buyers: Deborah and Richard Sward
Details: Colonial, open floor plan, two-story foyer, family room with large Palladium window and fireplace, recently finished walk-in game room
Comment: "The buyers loved the view and the hardwood floors throughout most of the house," said Dan Geller, Prudential Preferred Realty.
Property: Penn Township, Westmoreland County
Seller: Michael Hillebrand
Buyer: Mitchel and Cathleen Rapach
Details: Cape Cod, 1.5-acre level lot, large kitchen with French doors overlooking park-like yard.
Comment: "The buyers liked the 1.5 acres offering incredible view, plus lots of hardwood inside, new carpet, granite and finished gameroom with five bedrooms," said Michelle Moreno, Howard Hanna Real Estate.
Seller: Michael Travis
Buyers: Michael and Lisa Germano
Details: Victorian, move-in condition, new master suite, den, two-car detached garage
Comment: "The buyers liked the charm, character and gorgeous hardwood floors throughout the house and its proximity to Walnut Street shopping and restaurants," said Andrea Ehrenreich, Howard Hanna Real Estate.
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