Top commercial, residential real estate deals of the week — July 27
DEALS OF THE WEEK
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
Properties sold: 3520 Fifth Ave. ($4.021 million), 3518 Fifth Ave. ($2.435 million), 128 N. Craig St. ($1.933 million), Oakland
Seller: Roam Investments Inc. and Roam Keystone LP, Greensburg
Buyer: FAPD LLC and CSPD LLC, Pittsburgh
Details: Acquired two office buildings on Fifth Avenue, fully leased, and commercial and residential condominiums on North Craig.
Comment: “The buildings are fully leased, and we have no plans to make any changes,” said Jim Genstein, the new owner.
Property sold: 5001 Curry Road, Baldwin Borough
Seller: 5001 Curry Road Associates LP, Pittsburgh
Buyer: Brocato/Colonnade LLC, Pittsburgh
Details: A neighborhood shopping center on five-plus acres, with 43,324 square feet, containing tenants Salvatore's Banquet Hall, McCoy's Pub, and Little Hearts Learning Center.
Comment: “The buyer did a 1031 tax-free exchange purchase, and Burns & Scalo has taken an internal initiative to deploy some of its smaller non-core assets because we have such new opportunity for our capital with the increased demand of the office markets we are investing in,” said James Scalo, Burns & Scalo president.
Property sold: 5867-69 Centre Ave., East Liberty
Seller: UPMC Presbyterian Shadyside
Buyer: Shady Centre LLC, Mt. Pleasant
Details: Acquired a two-story vacant warehouse building.
Comment: “We had no further use for the warehouse and decided to sell it,” said Susan Manko, a UPMC spokeswoman. The buyer, the George DeLallo Co., declined to comment.
TOP DOLLAR HOMES
Recent home and condominium sales that brought top prices in Western Pennsylvania:
Seller: Geoffrey Bond
Buyer: Laila and Robin Lee
Details: Three-plus-story frame Victorian, formal living room and dining rooms, decorative fireplaces, rich hardwood floors, family room open to outdoor courtyard.
Comment: “Buyers found (the) perfect home. They were wooed by its Victorian charm and grace, and the fenced-in backyard (is) great for their pooch,” said Maggie Jayson, Re/Max Select Realty.
Property: Squirrel Hill
Seller: Mingen Wang and Hui Ho
Buyer: Ari M. Chester and wife, Pawanya Promarak
Details: Three-plus-story brick Victorian with large entry, hardwood floors throughout, oversized dining room with bay windows, four bedrooms, finished lower level with built-in cabinets, deck, oversized two-car garage.
Comment: “Buyers chose this property because it is a large home, which would accommodate their family, (and the) house was in good condition,” said Susie Silversmith, Coldwell Banker Real Estate.
Property: Squirrel Hill
Seller: Helen Vlachos
Buyer: Yasar Sheikh and wife, Erum Khan
Details: Colonial cottage with open floor plan, flooded with natural light, hardwood floors, high ceilings, gas fireplace, spacious open kitchen and dining room with space for decorating, French doors lead to deck, laundry on second, jetted tub, oversized two-car garage, stairway to crawl space.
Comment: “The buyers of this cottage were already renting at Summerset and decided that's where they wanted to own. The open floor plan and grassy side yard were appealing, and just before closing, a daughter was born,” said Marilyn Merenstein, Coldwell Banker 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.
- Zappala impersonator rips off Butler County business, state police say
- Shaler’s Schwartz earns WPIAL cross country 3-peat
- Ferrante defense questions results of cyanide test
- Route 22 lane in Derry Township blocked after crash
- Education Management removes itself from Nasdaq listing
- Parkway West off-ramps at Carnegie to close beginning Friday night
- Student arrested at Shaler High School in roundup of Allegheny County drug dealers
- Amid struggles, top fiscal executive to leave EDMC
- Starkey: Century mark beckons for Ben
- No average jack-o-lantern will do for skilled pumpkin carvers
- Steelers’ defense on pace for fewest sacks in 16-game season