Federal Reserve hires Cresco to sell its Pittsburgh building

Federal Reserve hires Cresco to sell its Pittsburgh building

Pittsburgh Business Times by Patty Tascarella, Senior Reporter

Joe Wojcik

The Federal Reserve Bank of Cleveland's former Pittsburgh home at 717 Grant Street is being sold.

Patty Tascarella, Senior Reporter- Pittsburgh Business Times

 

The Federal Reserve Bank of Cleveland Tuesday confirmed that it entered into a contact with Cleveland-based brokerage firm Cresco Real Estate to sell its former branch building in downtown Pittsburgh. Cresco in turn has partnered with Pittsburgh-based brokerage firm Grant Street Associates Inc., said Anne M. DiTeodoro, a spokeswoman for the Cleveland Fed, which oversees western Pennsylvania.
Last month, the Fed moved 23 employees to the new branch location in One Oxford Centre where it leased 14,079 square feet.
The building, located at 717 Grant St., once housed 300 employees. But in 2011, the U.S. Treasury Department decided to consolidate retail securities activities — the main function of the Pittsburgh staff — into the Federal Reserve Bank of Minneapolis.

Patty Tascarella covers accounting, banking, finance, legal, marketing and advertising and foundations. Contact her at ptascarella@bizjournals.com or (412) 208-3832. .

Light Up Night, Then What? 10 Great Events Pittsburgh Offers During the Holidays

Pittsburghers have a long-standing tradition of packing Downtown Pittsburgh one November night each year to see Pittsburgh's official Christmas tree be lit up to mark the beginning of the holiday season.  Light Up Night is always full of festivities, but that's when the holiday celebration just begins.  Here's a list of 10 fun things that you don't want to miss this year.

Here are 10 fun things to do this holiday season:

1.  Take a walk down to Market Square and shop in the Peoples Gas Holiday Market.  This unique holiday market is inspired by an authentic German-style market and features many different holiday gift options.  The market opens Saturday, November 24 and remains open daily through Sunday, December 23.

2.  Head over to the Cultural District and take in a performance of The Nutcraker by the Pittsburgh Ballet Theatre.  This year's performances of The Nutcracker run each weekend December 7th through December 30th with two performances most Saturdays and Sundays.

3.  Macy's, located at 400 Fifth Avenue, offers several dates to take the kiddos to Breakfast with Santa.  This breakfast not only features a one-of-a-kind dining experience with Santa, but his elves and friends also put on a show for you.  Afterward, head on down to the first floor and sit on Santa's lap.  While you are there, don't miss the Arcade Bakery located on the mezzanine level, on the Fifth Avenue side.

4.  The Fairmont, Pittsburgh's Gold Level Leadership in Energy and Environmental Design (LEED) hotel, offers a Children's Gingerbread House Event on Saturday, December 8th.  One of their world-class Pastry Chefs, James Wroblewski, will teach children and their parents how to assemble and decorate the perfect gingerbread house.

5.  The Trans Siberian Orchestra comes to Pittsburgh each December and this show will knock your socks off!  They will be performing two shows at the Consol Energy Center on December 16, a matinee and an evening show.

6.  Get some gingerbread house decorating ideas at Gingerbread Lane.  Station Square will showcase some unbelievable gingerbread houses created by professional chef, John Lovitch, and give you a chance to create your own.

7.  Take a wintertime tour of our three rivers on one of the Gateway Clipper Fleet for a Santa Fun Cruise.  Each child will receive a small gift and may create their own ornament keepsake (for an additional fee).  And if cruising with kiddos is not your thing, the Gateway Clipper also offers a Holiday Captain's Dinner Cruise featuring holiday music, a dinner buffet and on-board entertainment.

8.  Lace up those ice skate and head on out to Schenley Park Ice Rink to Skate with Santa on December 16th or for a Mascot Skate featuring several local mascots including the Pirate Parrot, Kenny Kangaroo, Ronald McDonald, McGruff the Crime Dog, the Chic-fil-A Cow and the Eat N Park Smiley Cookie on Saturday, January 12.  There are also several skate sessions open to the public beginning November 10th, weather permitting.

9.  Count down 'till noon?!?!  Yes!  If you can't stay up until midnight, head over to the Pittsburgh Zoo & PPG Aquarium for a special kids Noon-Years Eve Celebration on New Year's Eve morning.  Count town 'till noon, sign the New Year's ReZOOlution Banner and dance with Radio Disney.

10.  The Adults Only Puppet Making Happy Hour on Thursday, December 6, sponsored by the Pittsburgh Cultural Trust is a great way to kick back with some friends and release your inner child!  Enjoy a drink, or two, and learn how to make larger-than-life puppets that will be featured in Highmark's First Night Parade.

Pittsburgh's first micro-apartments being planned

 

In an age of McMansions, SUVs and bulging waistlines, two local developers are looking to put the rental unit on a diet and bring the first so-called micro-apartments to the city.
Burns & Scalo Real Estate Services Inc. has an agreement to buy the eight-story former Graphic Arts building at 422 First Ave., downtown, and is considering a plan to convert it, along with a newly built addition, into 100 micro-apartments.
The apartments would range in size from 300 to 400 square feet, and would likely be rented for less than $1,000 a month.

Read the rest of the article by Tim Schooley here.

Tim Schooley Reporter- Pittsburgh Business Times

How Safe is Your Network?

How to protect yourself and your business from a cyber attack

 

 

By David Willson

Published October 01, 2012

FoxNews.com

Read more: Learn more about how this can happen and how you can protect yourself and your network.

Harsco Leases 17,000 SF at One Adams Place

Harsco Leases 17,000 SF at One Adams Place - CoStar Group

Harsco Metals America has leased 16,987 square feet at One Adams Place in Seven Fields, PA.

One Adams Place is a three-story, 102,000-square-foot office building constructed in 2004 in the Butler County submarket, as part of the Seven Fields Town Centre.

 

 

The landlord was represented by Tim Goetz, a founding member and managing principal of GSA. He is primarily responsible for landlord and tenant representation, owner and tenant relations, lease negotiations, analyses, and consulting. Mr. Goetz also is GSA’s primary liaison with Cushman & Wakefield, of which GSA is an Alliance member. Prior to forming GSA in March 1993, Tim spent 19 years with the Galbreath Company in Pittsburgh and held various positions including Director of Leasing and Senior Vice President. As SVP, he had responsibility for the management and leasing of nearly 6.0 million square feet of downtown and suburban office space.

 

The State of Downtown Pittsburgh 2012

Brian Kurtz, Research & Economic Development Manager for the Pittsburgh Downtown Partnership, dropped by Grant Street Associates' offices this morning to discuss and elaborate on The State of Downtown Pittsburgh Report 2012 published earlier this year.  If you have not had a chance to view this report, you can download it here.

The Pittsburgh Downtown Partnership is instrumental in bringing businesses and residents into the Golden Triangle and helping to improve the City of Pittsburgh.  Some of the services offered by the PDP include:

• Clean & Safe Program - Keeps Downtown Pittsburgh streets free of debris & litter
• Paris to Pittsburgh - Offers two matching grants to help property and business owners make building facade improvements and establish outdoor cafes.
• Project Pop-Up - Invites local artists, entrepreneurs & non-profits to "pop" into Downtown Pittsburgh in select areas, for limited times

The PDP is a great advocate for making Downtown Pittsburgh a better place to live, work, eat & play. 

The Reed Smith Building Changes Hands

What's in store for the former Reed Smith Building?  Click the below link for the most recent information:

The Reed Smith Building Sold in Bankruptcy Court

Related Articles:

Chapter 11 Filing Blocks Sheriff Sale of Union Trust Building

Union Trust Building Up for Auction

Football Only Concept Perfect for Western Pennsylvania

Nike & Champs have launched a new concept retail store that is geared toward Western Pennsylvania's favorite pastime -- football.  Although Nike & Champs have not determined where the next store will open, they have already launched a store in Wayne, N.J.

In a press release, Nike said they will serve "football athletes 365 days a year by providing access to unique products, training and game expertise, and professional athletes".

Will this new concept come to Western Pennsylvania?  Only time will tell.

A Job Well Done at Champion Plaza

Grant Street Associates, Inc. would like to congratulate two of our outstanding brokers, Jared Imperatore & JR Yocco for successfully filling Champion Plaza in South Park.  They worked diligently to fill this 13,000 square foot retail center with quality, long-term tenants that fit the look and feel of the center.  Ownership of the center had this to say about the dynamic duo: