Category Archives: Pittsburgh Commercial Real Estate

Today’s Top Talent Live and Play Downtown but Work in the Suburbs

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By: Harrison West, Senior Research Analyst, JLL

Job growth is happening in both the CBDs and the suburbs, but educated adults are increasingly city dwellers. Discover the impacts of the resulting “reverse commute” trend, pulled from the first installment of our Ambitious Thinking Research on Smart Cities report, called “Live, Work, Play?”

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The 411 on the 412: What You Need to Know About Pittsburgh’s Bustling Market

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By: Tobiah Bilski, Director of Research, JLL 

One tangible way to see the economic health of a market is by looking at the real estate. While often thought of as a steel city, today Pittsburgh is a region that demonstrates deep sector diversity with software, robotics, medical devices, biotechnology, healthcare, information technology, business services and energy driving the economy. 

The 411 on the 412 was developed to provide an overview of the Pittsburgh market. Download the report and explore the largest development sites, how downtown retail is thriving and how the workforce is changing the game.

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Investors Drive Success in Pittsburgh’s Historic Buildings with Renovations

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Pittsburgh Renovations Report

Newly designed dynamic meeting space on the first floor of the Union Trust building in Pittsburgh.

Outside investment has been strong the last three years in Pittsburgh. As new owners are entering the market, they are breathing new life into the old office product and helping Pittsburgh keep pace with modern real estate trends.

Out of the current 28 office renovation projects, 11 have been completed. Thus far, the Union Trust Building has benefited the most. With just 39% occupancy when purchased out of bankruptcy in 2014, today the Trophy Class building is seeing over 91% occupancy; a more than 133% increase.… Read More

Pittsburgh Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Pittsburgh.

Pittsburgh Ranks in Top 20 Best Cities for Millennials

Pittsburgh was named on Niche’s Best Cities for Millennials list, landing in the no. 12 spot and surpassing cities like Chicago, Portland, Austin and Atlanta. The list takes into a count a number of factors to determine each city’s ranking, including:

  • Access to bars and restaurants
  • A city’s walkability
  • Ethnic, generational and economic diversity
  • Cost of living
  • A city’s higher education rate

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Pittsburgh Commercial Real Estate News Brief: February 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Pittsburgh market.

UPMC and University of Pittsburgh Announce Medical Development Project

Together, UPMC and the University of Pittsburgh announced plans for an Immune Transplant and Therapy Center in Bloomfield just one block away from UPMC Shadyside. The development follows the string of the $2 billion investment commitment to area specialty hospitals in the region, including the UPMC Vision and Rehabilitation Hospital, UPMC Heart and Transplant Hospital and UPMC Hillman Cancer Hospital.… Read More

Pittsburgh Retail Team Announces Opening of Zelienople Anytime Fitness

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Anytime Fitness Strength Area

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JLL, Jared Imperatore and Rich Catalano today announced the opening of Anytime Fitness in Jackson’s Pointe, Zelienople Cranberry Township. This is Imperatore and Catalano’s third store together. They have been working closely for more than nine years and are happy to continue to grow the success of this national fitness club franchise together. The completed lease includes a 7,000-square-foot fitness facility with parking for guests.… Read More

Pittsburgh Commercial Real Estate News Brief: January 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Pittsburgh.

Pittsburgh’s 1600 Smallman to be Transformed into One of a Kind ‘Industrial Chic’ Space

Developers of 1600 Smallman, located on the west end of the Strip District, are gearing up to transform the space into a true, first of its kind office in the Pittsburgh submarket. Formerly an industrial warehouse space, developers plan to take the vintage charm of the space and update it with modern amenities.

The building once sat vacant for 40 years, but will now undergo renovations, including:… Read More

JLL People to Know Spotlight: Morgan Meade

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Morgan Meade works as an Analyst in the Integrated Portfolio Services (IPS) group in the Pittsburgh office of JLL. 

Morgan Meade | JLL

Years in the industry: 3 years

Favorite city: How can you pick just one? I love exploring new places and have actually lived in 10 different cities both domestically and abroad. Since joining JLL, I’ve been able to travel to at least 17 more—with some repeat trips.

Why did you get into real estate brokerage?

Real estate is intriguing because it can swing heavily creative and emotional one moment, but concrete and pragmatic the next, given the scenario or stage of the transaction. Our business, especially the Integrated Portfolio Services line, is highly entrepreneurial. Account teams have the opportunity to custom-build a micro-organization from the ground up and wear many hats. Consistent service delivery evolution is requisite in order to keep our clients on the cutting edge. I love the challenge and scope of skills real estate brokerage requires.… Read More

JLL People to Know Spotlight: Justin Walbert

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Justin Walbert works as an Associate and Brokerage Analyst in JLL’s Retail Brokerage and Integrated Portfolio Solutions teams in the Pittsburgh office of JLL. 

Justin Walbert | JLL

Years in the industry: 6 months

Favorite Pittsburgh neighborhood: The Strip District

Why did you get into the real estate business?

Real estate has always interested me because it’s a very tangible industry.  Learning about a region’s real estate means you’re meeting real people and helping shape real neighborhoods.  Having that front row seat to all of the new development and watching Pittsburgh reinvent itself and enjoying its time in the spotlight as an up-and-coming world-class city has been very exciting.  Joining the team at JLL was the best decision for me professionally, and working for a firm that shares the same pride in Pittsburgh as its residents do makes the work we do even more rewarding.… Read More

Pittsburgh Commercial Real Estate News Brief: November 2017

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Pittsburgh market to keep you in-the-know.

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Healthcare and Tech Development Intersect in Pittsburgh

Much of the third quarter’s leasing activity comes from the robotics and technology industry in Pittsburgh.

Along with the technology industry, healthcare is also driving development in Pittsburgh. The University of Pittsburgh Medical Center (UPMC) was selected this year for the state’s Community HealthChoices managed care program, which means the medical center may be in need of more office space.

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