ShareThis Page
Editors Picks

Top residential, commercial real estate deals of the week — Jan. 25

| Friday, Jan. 23, 2015, 2:36 p.m.
This property in Marshall recently sold for $542,500.
Realtor.com
This property in Marshall recently sold for $542,500.

DEALS OF THE WEEK

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

$9.67 million

Property: DoubleTree by Hilton, Cranberry

Seller: Warrendale Hotel Associates (Hilton Worldwide)

Buyer: Elmpros Hotel LLC (Elmhurst Group and DeCicco Development Inc.)

Details: The hotel, formerly a Four Points by Sheraton, is the DoubleTree by Hilton brand's sixth property in the Pittsburgh area. A renovation program is expected to be completed in August.

Comment: “We are very excited about bringing the DoubleTree by Hilton brand to the Cranberry community,” said Bill Hunt, president of the Elmhurst Group.

$2.71 million

Property: 3005-3033 Banksville Road, Banksville

Seller: GRA-Co Inc.

Buyer: Banksville Commons LLC

Details: Five-building retail center that includes Zips Dry Cleaners, Fast Signs and Mintt Indian Cuisine was purchased by investment partners Dr. Chhaganlal Ladani, Sanjay Lodha and Durlabhji Ukani.

Comment: “The doctor whose children are in the same line of medicine wants to convert it to professional buildings and bring in more practices there. It's a good location,” said Sanjay Lodha, an accountant.

$1.52 million

Property: 100 Ryan Court, Robinson

Seller: Navy Ryan Court Real Estate LLC

Buyer: H.L. Libby Corp., Marshall

Details: The former headquarters of Ryan Homes, built in 1979, was sold to H.L. Libby, a real estate developer that specializes in reinvigorating older properties and marketing them to new tenants. Libby owns 20 shopping centers on the East Coast, but this is its first property in the Pittsburgh area after moving to Marshall from Youngstown, Ohio, more than 40 years ago. The building, with three full floors and two split-level floors, is currently vacant.

Comment: “We are in the process of working with architects and engineers on the building and will start interior demolition any day now,” said Barry Nicholson, vice president.

TOP DOLLAR HOMES

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

$542,500

Property: Marshall

Seller: Kenneth Gavrity

Buyer: Martin Tucek and Denisa Tucekova

Details: Colonial, two-story with four bedrooms and three full and two half bathrooms. Upgrades throughout, with nine-foot ceilings, entire first floor hardwood, private backyard with paver-and-limestone patio, waterfall and firepit.

Comment: “The owners put a lot of money into the house, and the neighborhood is exceptional,” said Jason Rakers, listing agent with Re/Max Select Realty. “They took a wall out between the kitchen and family room, creating an open concept. Everything popped.”

$525,000

Property: Hampton

Seller: Bruce Sulkey

Buyer: Matthew and Laura Muldoon

Details: Brick two-story Colonial, two-car attached garage, walk-out basement with guest suite, four second-floor bedrooms, three full and one partial bath, second-floor laundry room.

Comment: “The buyers loved the classic look of the house, but it's a great neighborhood — that's exactly why they bought it. That, and they heard great things about the school district,” said Jean Bongiovanni, listing agent, with the Hampton office of Howard Hanna Real Estate Services.

$445,000

Property: Mt. Lebanon

Seller: Richard Rabuck

Buyer: Louis and Athena Langas

Details: Four-bedroom Provincial with two-car garage. Hardwood heated floors in kitchen, three baths and sun room. Living room fireplace with intricate mantle.

Comment: “Buyers chose the house because they fell in love with the home's Cotswold Cottage style of Old World charm. The property was beautifully updated, while the architectural integrity was maintained. Location was another selling point; the home is within walking distance to all the shops and restaurants and to parks and schools,” said selling agent Barbara Fisher, with Howard Hanna Real Estate Services, Mt. Lebanon.

Send items to business@tribweb.com.

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.

click me