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Top commercial, residential real estate deals of the week — June 22


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Saturday, June 21, 2014, 9:00 p.m.
 

Deals of the Week

A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:

$1.091 million

Property sold: 5200 block of Liberty Avenue, Bloomfield

Seller: LAV Associates LP, Pittsburgh

Buyer: Morrow Park City Apartments LLC, Farmington Hills, Mich.

Details: Former Don Allen AutoCity location, with a combined 1.31 acres, containing a vacant Goodwill building. Mostly vacant area.

Comment: Village Green plans construction of a 213-luxury-apartment complex offering underground parking, said Roger Tertocha, a Village Green spokesman.

$615,000

Property sold: 102 & 106 Vogel Road, Butler Township

Seller: Leonard and Diane Walkowiak, Butler County

Buyer: Wyn Properties LLC, Lynora, Butler County

Details: Acquired a two-building apartment complex with 10 units known as the Seasons, of which the new owner plans to upgrade the exterior and eventually the interior as tenants move out.

Comment: “We invest in apartments, which we keep as an investment,” said Joseph C. Coulter, manager.

$530,000

Property sold: 285 Bellevue Road (name changing to Nazareth Road), Ross

Seller: Sisters the Holy Family Nazareth USA, Ross

Buyer: Ross Presbyterian Senior Housing LP, Oakmont

Details: Ten-acre site, containing a 26,000-square-foot Motherhouse, with Learning Center remaining, being converted into an $8 million, 42-unit independent senior living facility for moderate- to low-income individuals 62 or older.

Comment: “This will be nondemoninational for individuals with moderate incomes established by the Pennsylvania Housing Finance Agency, operated by and providing the full service of the Presbyterian SeniorCare,” said Sister Janice Fulmer.

TOP DOLLAR HOMES

Recent home and condominium sales that brought top prices in Western Pennsylvania:

$599,000

Property: Squirrel Hill

Seller: Jurg X and Lois J. Saladin

Buyer: Richard Fernandes and Erica Levin

Details: Three-plus-story brick Victorian house with hardwood floors, central cooling system, master bedroom plus four bedrooms, two-car detached garage with automatic door opener.

Comment: “The buyers loved the spiral staircase with the unique stained-glass windows, the butler pantry off the kitchen and the original wood painted walls,” said Ann Greathouse, Howard Hanna Real Estate.

$534,500

Property: Mt. Lebanon

Seller: Linda T. Herrmann

Buyer: Jay and Julie Vuillemot

Details: Three-plus-story brick Tudor with cherry kitchen with granite counters, island seating and work area, hardwood floors, spacious living room and dining room, first-floor family room and powder room, four bedrooms on second floor, two bedrooms on third floor, multi-level deck with hot tub.

Comment: “Home purchased by Mt. Lebanon family with children that wanted to take advantage of six bedrooms in central Mt. Lebanon location. Perfect to walk to schools and uptown Mt. Lebanon,” said Cindy Sunseri, Howard Hanna Real Estate.

$475,000

Property: Downtown Pittsburgh

Seller: Randy and Hilda Cassady

Buyer: David G. Ovis

Details: Unit has many upgrades, one floor below penthouse. Provides fabulous views, most of the lighting fixtures are restoration hardware, oversized windows are operable and include insulated accordion shades.

Comment: “Buyer liked the unit because it had over 2,000 square feet with modern amenities in an historic building in a new Downtown neighborhood with great city views and he is able to bike to his South Side office and walk to cultural events and restaurants,” said Maripat Rafferty, Coldwell Banker Real Estate.

Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or sspatter@tribweb.com.

 

 
 


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