TribLIVE

| Business


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

Forest City hires CBRE to sell Pittsburgh properties

FCY $24.76 +$0.10

CBG $20.16 -$0.20

at close on THURSDAY

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Gas production from Marcellus shale sets record despite fewer new wells going online
  2. Cash stash bolsters U.S. Steel
  3. Dick’s beats expectations, but golf sinks profits
  4. Sales, profit fall at retailer American Eagle Outfitters
  5. HTC to construct Windows version of flagship phone
  6. Sprint cancels Framily, rolls out new data pricing plan
  7. Designer sues Barnes & Noble over backpack profits
  8. Auto sales increase along with subprime loans
  9. Former Microsoft CEO Ballmer exits board of directors
  10. Kennametal’s CEO to retire at yearend
  11. Milk producer to ax disputed ingredient
Subscribe today! Click here for our subscription offers.