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Real Estate Notes

| Sunday, March 4, 2012

• Jack Johnston will seek approval Thursday from the Pittsburgh Zoning Board of Adjustment for variances on the front, interior and exterior set-back requirements for 15 single-family attached and detached homes. The project includes duplex garages and one shed in the 4500 and 4600 blocks of Hatfield Street, 130 and 138 Home St.; 124,130, 132 and 138 46th St., and 131 Holly Way, Lawrenceville. Rothchild Doyno will request relief from similar restrictions for six two- and three-story multi-unit residential structures with 24 units at 1641-1727 Reed St., 301 Roberts St., 303 Miller St. and 48-68 Heldman St., all in the Hill District. Kajon Materials Inc. wants to build a two-story addition onto a one-story structure for use as two dwellings and an office at 2115 Wharton St., South Side Flats. Sharon M. Laffey wants to use four chicken coops as an urban agriculture accessory for a home at 1269 Duffield St., Morningside.

• Westmoreland County Community College plans to open a Workforce Training facility in fall 2013 in the former Sony plant near New Stanton, where it leased 70,000 square feet. It will join Aquion Energy Inc. of Lawrenceville, which will have its first full-scale manufacturing facility there. Aquion leased 250,000 square feet in the 3 million-square-foot plant and plans to build out the manufacturing space this year. It will hire 200 workers initially to produce sodium ion batteries and energy storage systems starting ins 2013. It hopes to have 400 workers by 2015.

• A panel discussion on the economy of the North Hills is set for 7:30 to 10 a.m. Thursday at the Chamber of Commerce Inc., 700 Cumberland Woods Dr., McCandless. Speakers include Bill Hunt, president and CEO of the Elmhurst Group and chairman of the National Association of Industrial and Office Properties; Richard Applegate, president, First Commonwealth Financial Advisors; and Kurt Rankin, assistant vice president and economist with PNC Financial Services Group. A fee will be charged.

• The Homebuilding Community Foundation of the National Association of Home Builders issued 148 grants for $4.1 million during 2011, according to J. Roger Glunt, foundation president and president of Glunt Development Co. Inc., Plum. The grants went to cultural, educational, arts, social services and faith-based organizations nationwide.

• Action-Housing Inc. of Pittsburgh can apply for up to $250,000 under the Pennsylvania Access Grant Program. The Redevelopment Authority of Allegheny County has approved an application for the funds, which would be used to help the handicapped make repairs in their homes so that they could remain in them.

Real estate gallery

At Prudential Preferred Realty, Jim Saxon was promoted to chief operating officer and Michael Mikolich received the National Association of Realtors' resort and second-home specialist certification and .

• Don Fritsch of Northwood Realty received an associate broker license.

? Meredith Stephenson joined Howard Hanna Real Estate Services as director of human resources.

DEALS OF THE WEEK

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

PRICE: $8.3 million

Property sold: 100 E. McMurray Road, McMurray

Seller: Anchor Corp. Development/Walgreen Eastern Co.

Buyer: Oak Point Realty LLC

Details: A 14,640-square-foot retail building, constructed in 2010, occupied by Walgreens on a 25-year lease.

Comment: "The buyer found this an attractive asset, as a safe investment with a long-term lease," said Lior Regenstreif with Marcus & Millchap, Encino, Calif.

PRICE: $975,000

Property sold: 3336 Brownsville Road, Brentwood

Seller: Estate of Joseph F. Contosta, Fox Chapel

Buyer: Sceneridge Associates LP, Pittsburgh

Details: Three-story apartment building with 40 units, primarily of one- and two-bedroom.

Comment: "This is strictly an investment with hope of making improvements in the future," said James H. Kossis, of Sceneridge Associates.

PRICE: $285,000

Property leased: 7775 McKnight Road, Ross

Owner: Prose Source LP

Tenant: RDP Management

Details: Five-year lease of 3,325 square feet for Adam & Eve retail store.

Comment: "This marks the first location for this chain in the Pittsburgh region," said David L. DiCola, of PRC Commercial, Pittsburgh.

TOP-DOLLAR HOMES

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

PRICE: $1.37 million

Property: Cranberry

Seller: Robert J. and Karen A. Bohn Jr.

Buyer: Ghulam and Syeda Abbas

Details: Provincial with great room, master suite with sun room, lower-level theater with 100-foot screen, exercise room, four-car garage

Comment: "The buyer really appreciated the flow of the floor plan and the spacious rooms," said Linda Honeywill, Prudential Preferred Realty.

PRICE: $460,000

Property: Upper St. Clair

Seller: Marc and Valerie Navarre

Buyer: Joseph Hardy III

Details: Cape Cod with master suite, bright sun room, fully paneled office, family room, level driveway, two patio areas, landscaped grounds

Comment: "The buyer saw value in the house, wanted Upper St. Clair High School within walking distance and the premier Westminster Manor neighborhood," said Susan Highley, Howard Hanna Real Estate.

PRICE: $420,000

Property: Shadyside

Seller: Christopher Evans

Buyer: Jonathan and Catherine Roscow

Details: Colonial on cul de sac, three full baths, deck with private yard, den (or fifth bedroom) with cathedral ceiling and brick walls

Comment: "The buyers found the house was a rare gem with charm, outdoor space and a flat yard, plus it had five bedrooms and three baths," said Sabrina Geraci, Howard Hanna Real Estate.

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