Top commercial, residential real estate deals of the week
DEALSOF THE WEEK
Properties sold: Various sites in Allegheny County
Seller: Inland American CFG Pennsylvania Portfolio, Oak Brook, Ill.
Buyer: American Realty Capital, Dresher, Pa.
Details: Inland sold 14 of its properties in Allegheny County with all but one a structure housing a bank branch. Lone exception was a Tender Living Care center in Carnegie.
Comment: ”Inland American sold these properties as part of a long-term retail portfolio strategy to focus and reposition its portfolio on more necessity-based, multi-tenant properties,” said Alyssa Templeton, Inland American spokeswoman.
Property sold: 301 Park Manor Dr., Robinson
Seller: Robinson AD LLC, Pittsford, N.Y.
Buyer: Robinson Manor Hotel Group 2689 LLC, N.Y.
Details: About 10 acres of former Showcase Cinemas West movie theater site, sold by Rave Pittsburgh West LLC in June 2011.
Comment: “I am opening Auction Direct USA, a used vehicle store and sold a three-acre site to Essex Hotel Management, the hotel group, which plans a 106-room Marriott TownPlace Suites extended-stay hotel,” said Ted Spall, of Spall Realty Corp.
Property sold: 2026 E. Carson St., South Side
Seller: Two 2026 East Carson St. LP, Pittsburgh
Buyer: Kalamare LLC, Pittsburgh
Details: Three-story building with commercial use on first and second floors, loft space on third.
Comment: “Siegel Optometrist will remain on first floor where space is also available either for efficiency apartment or single practioner, second floor for commercial tenant and third floor, either commercial or five apartments,” said Mark Lando, a partner in Kalamare with his wife and former Pittsburghers in New Zealand.
TOP DOLLAR HOMES
Property sold: Aleppo
Seller: Gary M. Kassem
Buyer: Eric and Shannon Goldstein
Details: Brick Colonial on 8.9 acres, two-story entry, formal living and dining rooms, wine cellar, family room with fireplace, access to pool and patio, library, lower level gameroom with fireplace, exercise room.
Comment: “Buyers loved the grand entry and custom details of the house with beautifully decorated informal and formal living areas, and its location on a private, gated lot, near the Interstates,“ said Betty Moraca of Howard Hanna Real Estate.
Property: South Side
Seller: Riverside Development Group
Buyer: Linda Mauro and Michael Coelho
Details: New construction of a Energy Star-certified townhome, with customized floor plans, low maintenance, bamboo flooring standard on main level, located in heart of South Side.
Comment: “Buyers said Riverside Mews gave them the unique opportunity to relocate into the heart of a thriving urban environment with spectacular views while owning a spacious ‘green home' that embraces state-of-the-art design,” said Jenny Barnick, One80 Real Estate Services LLC.
Property: Highland Park
Seller: Jocelyn R. Thompson
Buyer: Andrew McFarlane and Rebecca Price
Details: Borders Highland Park offering trails for walking and jogging. House has original woodwork and architectural details and been maintained and updated.
Comment: “The young couple had been renting in the city, and their two amenities on their wish list were a screened in porch and close to the park,” said Barbara Bolls, Howard Hanna Real Estate.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Pirates’ outfield may have few defensive peers
- Penguins slip past Sharks, 3-2, in shootout
- Penguins’ Letang leaves hospital, out with concussion
- Sex-soaked culture faulted for fraternity house parties
- Hempfield infant fights rare disease
- Researchers uncover details to help get GOP candidates elected
- NFL coaches weigh in on Polamalu’s legacy
- Carnegie Mellon University’s Speck device monitors indoor pollution
- Norwin High School health teacher charged with selling heroin
- LaBar: WrestleMania 31 one of the best ever
- New Kensington resident looks to transform city