Larger text
Smaller text
Top commercial, residential real estate deals of the week
Daily Photo Galleries
Home & Garden,
Real Estate Photo Galleries
By Sam Spatter
Published: Saturday, February 2, 2013, 9:00 p.m.
Updated: Tuesday, February 19, 2013
DEALSOF THE WEEK
$4 million
Property: 513 Smithfield St., Downtown
Seller: Robert B. Levitt and Linda L. Ehrenpreis, trustees, and Stephen L. Parker, Florida
Buyer: Urban Redevelopment Authority of Pittsburgh
Details: Acquisition of vacant former Saks Fifth Avenue building at corner of Oliver Avenue and Smithfield Street, Downtown.
Comment: The URA is negotiating with Millcraft Investments and McKnight Realty Partners to convert the site to a combination retail, residential and parking garage, said Robert Rubenstein, URA acting executive director.
$2,125,000
Property: 4700 McKnight Rd., Ross
Seller: Four 4700 McKnight Associates Ltd., Pittsburgh
Buyer: Four 4700 McKnight LLC, Pittsburgh
Details: A strip shopping center, known as 4700 McKnight Road, with about 10 tenants including a Pool City.
Comment: “We plan to modernize the center and fill several empty storerooms,” said Alex Sasson, a partner of the new owner.
$1.4 million
Property: 229 VIP Dr., Marshall
Seller: Sewickley Valley Pediatric and Adolescent Medicine
Buyer: NLT Development, Pittsburgh
Details: A two-story medical office building on 3.2 acres
Comment: “The buyer is a group of local investors who plan to keep the property as an investment and probably make some capital improvements,” said David Thor who with Paul Horan, both of Colliers International/Pittsburgh, represented the buyer. Patrick Greene of CBRE Inc., represented the seller.
TOP DOLLAR HOMES
$925,000
Property: Shadyside
Seller: Arthur and Ruth Levine
Buyer: Joseph Zwicker
Details: A 160-year-old Victorian, updated with huge kitchen, family room, music room, bookcases, second-floor artist studio, rear deck, side porch.
Comment: “Buyers liked this one-of-a-kind house that's been updated, has high ceilings, a grand staircase that goes to third floor, library and first-floor family room,” said Linda Melada, Coldwell Banker Real Estate.
$578,000
Property: Hampton
Seller: Edward Pasquarelli
Buyer: Louis and Amy Demmler
Details: Contemporary-style with rich tones, natural and unpolished textures, incorporates bursts of color, vintage inspired pieces, stained glass, century old beams.
Comment: “Buyer liked this home, in a century old barn, built of beams, the stained-glass windows, and its carefree rustic look,” said Kay Barchetti, Coldwell-Banker Real Estate
$508,000
Property: Peters
Seller: Amy Smookler
Buyer: Thomas and Jill Sterling
Details: Brick Colonial by Jadnor Homes with a two-story foyer, breakfast room, large butler pantry, first-floor laundry and den, master suite with coffee bar, finished walk-out gameroom.
Comment: “The buyer purchased the home due to its custom-crafted quality, lower county taxes, school district and conveniently located schools, shopping and near Southpointe, where husband works,” said Jim Dolanch, Century 21 Frontier Realty.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or sspatter@tribweb.com.
Most-Read Stories
- Penguins’ Shero talks with Letang’s agent
- Judge deals setback to Steelers’ quest to expand Heinz Field
- NHL insider: Penguins’ Shero seems ready to move Letang
- Esmark celebrates new headquarters in Edgeworth
- Bethel Park offensive lineman picks Pitt
- Steelers rookie safety Thomas learning from Polamalu, Clark
- Deal could prevent doubling of student loan rates
- Bethel Park couple sue contractor in federal court
- Pitt adds defensive recruit from Philadelphia
- City police investigating whether officer who gave ride to mayor’s ex-bodyguard broke any department regulations
- News Alert
You must be signed in to add comments
To comment, click the Sign in or sign up at the very top of this page.
Subscribe today! Click here for our subscription offers.
