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Real Estate Notes

Sunday, Sept. 18, 2011
 

• The Cafe at the Point in Point State Park opened under sponsorship of PNC Foundation, the Pennsylvania Department of Conservation and Natural Resources, Laurel Foundation and Riverlife Pittsburgh. The $670,000 project is owned by the state and operated by Chahine Boulos, owner of Boulos Concessions. The cafe will be open through October seven days a week, 11 a.m. to 6 p.m. Winter hours are undetermined but will be limited.

• Two programs are being presented this month by the Builders Association of Metropolitan Pittsburgh. On Monday, Mark LaLiberte will highlight High Performance Homes: Do's, Don'ts and Why's, from 2 to 5 p.m. at the Regional Learning Alliance, 850 Cranberry Woods Drive, Cranberry. On Sept. 26 at LeMont Restaurant, 1114 Grandview Ave., Mt. Washington, a general membership meeting will feature Jim Lund, CEO of Andersen Enterprise, who will present an Outlook for New Homes and Renovations. Dinner begins at 6 p.m. and the program starts at 7 p.m.

• Pittsburgh Planning Commission will hold a hearing at 2 p.m.Tuesday for testimony on the Urban Redevelopment Authority's request to certify for redevelopment an area on both sides of Smallman Street between 11th and 24th streets in the Strip District. Certification will allow the city to use alternative forms of financing to assist development. It will not allow use of eminent domain under state law. The commission also will review a request from the city to excavate, grade and fill a site in Riverview Park, North Side, for an athletic field. The request includes placing 50,000 cubic yards of fill. The hearings will be held on the first floor of the John P. Robin Civic Building, 200 Ross St., Downtown.

• North Catholic High School will seek approval Thursday from the city Zoning Board of Adjustment to install an electronic message board at 1400 Troy Hill Road. Markovitz Germinaro & Tabaka Partnership will seek an OK to place a 58-square-foot sign on Crane Avenue. Tri-State Land Inc. will seek approval to use a 5,400-square-foot structure at 608 Foreland St. as a warehouse.

• More than 2,500 are expected to attend AASHE 2011: Creating Sustainable Campuses and Communities conference in Pittsburgh on Oct. 9. Speakers at the Association for the Advancement of Sustainability in Higher Education include Dr. Wangari Maathai, founder of the Greenbelt Movement and Nobel Peace Laureate; Bill McKibben, founder of 350.org, and David Orr of the Oberlin Project. More than 400 sessions are scheduled. The local Green Building Alliance will serve as host.

DEALS OF THE WEEK

A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:

PRICE: $1.2 million

Property sold: 501 Beaver St., Sewickley

Seller: BNY Mellon, Pittsburgh

Buyer: GKK Sewickley LP, Sewickley

Details: Two-story, 8-357-square-foot building, half occupied by Citizens Bank

Comment: "The new owner, an investment group, plans to lease the remainder of the building to retail tenants," said Rob Geiger, who with Michael Sell, both from Grant Street Associates, handled the sale.

PRICE: $1.05 million

Property sold: 4 Woodlawn Drive, Aliquippa

Seller: Woodlawn Road LLC, Aliquippa

Buyer: Dream 7 Equities LLC, Irving, Texas

Details: Truck terminal with 12,000 square feet; 1,200 square feet is office space. The property is on four acres.

Comment: "We've been leasing space in the region for 10 years and as our business has grown under Andrews Logistics Inc., we decided to buy," said Brian Jarvis, president, Dream 7 Equities.

PRICE: $786,500

Property sold: 148 S. 19th St., South Side

Seller: Enclave at Saint Matthews LP, Pittsburgh

Buyer: P/7 Investments LP, Pittsburgh

Details: Conversion of church rectory, convent and school into nine-unit condominium

Comment: "Following our success at the Classroom condo on the South Side, this was a perfect fit for us, and we have four of the units either sold or under consideration by buyers," said David Piran of Piran Enterprises Inc.

TOP-DOLLAR HOMES

Recent home and condominium sales that brought top prices in Western Pennsylvania.

PRICE: $1.37 million

Property: Shadyside

Seller: Gregory S. Romeo

Buyer: Marc and Jill Olin

Details: Provincial-style house, sculpted plaster ceilings, sweeping staircase, paneled library, log-burning fireplace

Comment: "The buyers liked that the house has retained about 90 percent of its original look, and that the seller was in the process of making some renovations which they now can supervise," said Danielle Gundlach, listing agent with Re/Max Realty Brokers.

PRICE: $935,000

Property: Edgeworth

Seller: William and Pamela Kredel

Buyer: Laurence and Ilene Topper

Details: Cape Cod with family room, paneled library, large deck, large game room; provides privacy yet close to shopping and amenities

Comment: "The buyers liked that the house reminded them of a previous house they owned, liked the location close to town and the natural beauty of the area," said Lisa Burrows, listing agent with Prudential Preferred Realty.

PRICE: $573,000

Property: Upper St. Clair

Seller: Alan and Judith Woodworth

Buyer: Kamal Amin

Details: Colonial, veranda in rear, guest suite, newer roof, game room, wine room

Comments: "The buyer liked the quality of the house and it's location on a cul de sac," said Margie Caplan, listing and selling agent with Keller Williams Realty.

 

 
 


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