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 email@example.com.