TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Federal Reserve lists Pittsburgh building for sale

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Thomas Olson
Tuesday, Nov. 27, 2012, 2:18 p.m.
 

The Federal Reserve Bank of Cleveland is a step closer to selling its landmark building Downtown that housed its Pittsburgh branch for 81 years.

The nation's central bank hired Cleveland-based Cresco Real Estate and Pittsburgh-based Grant Street Associates Inc. to market the 200,000-square-foot building, said bank spokeswoman Anne DiTeodoro. Built in 1931, the structure has a market value of $6.5 million, including the land, according to Allegheny County records.

The Fed moved its Pittsburgh branch and 23 workers down the street to One Oxford Centre's 30th floor in October. The operation employed more than 300 as recently as early 2011.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Beacons track shoppers’ smartphones amid retailers’ aisles
  2. 8 Western Pennsylvania hospitals penalized over infections
  3. Pennsylvania jobless rate drops to 5.1 percent
  4. First Niagara to cut 200 jobs; Pittsburgh impact unclear
  5. EDMC accused in GI Bill scheme
  6. Nonprofit hospitals in Western Pa. feel pain in finances despite Affordable Care Act
  7. Ford expands air bag recall across U.S.
  8. Western Pa. utility workers OK contract with FirstEnergy
  9. Online price battle heats up with intraday price fluctuations
  10. FedEx to buy product-return firm Genco in e-commerce push
  11. Hospital finances still crying ‘ouch’
Subscribe today! Click here for our subscription offers.