TribLIVE

| Business


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

Forest City hires CBRE to sell Pittsburgh properties

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.

FCY $24.76 +$0.10

CBG $20.16 -$0.20

at close on THURSDAY

By Sam Spatter
Thursday, Jan. 3, 2013, 12:58 p.m.
 

Nearly a year after announcing it would consider offers to sell Station Square and Liberty Center in Pittsburgh, Forest City Enterprises Inc. has hired Jeffrey Ackerman of CBRE Inc. to market both properties.

Not included in a potential sale are the 399-room Sheraton Station Square hotel on the South Side or the Mall at Robinson in Robinson, said Jeff Linton, spokesman for Cleveland-based Forest City.

“We have received considerable interest in the properties, both from local sources as well as from national investor groups and developers,” said Ackerman of CBRE's Pittsburgh office.

No price has been placed on either property, nor is there a deadline set for offers, Ackerman said.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. U.S. oil, natural gas rig count drops by 34 to 954
  2. Is Big Brother a backseat driver?
  3. Mylan discounts speculation of a possible takeover by Teva
  4. Google’s changes to search results formula expected to shake up mobile economy
  5. Pa. employers shed 12,700 jobs in March; unemployment rate rises to 5.3 percent
  6. Renewed fears of Greek default whack stock market
  7. Jump in home loans, trading commissions lead to profitable 1st quarter for banks
  8. Opportunities grow for grads
  9. Review: Chevrolet Trax is an affordable SUV option
  10. Hearings set on new environmental rules for gas, oil drilling in Pa.
  11. PPG axes 1,700 jobs as part of global restructuring