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FEBRUARY 2019
We've been busy...
Crane Building Renews Another Long Term Tenant
NetHealth solidified their position at the Crane Building in the Strip District with an renewal  and expansion of office space totaling 40,153 SF. The Strip District has seen an evolution in recent years with various development projects spurring interest in the area. The Crane Building remains a solid office option for tenants looking to be in the hotbed of activity. Bruce McClellan of HLWE represents the owner of the Crane Building.
Restore Hyper Wellness and Cryotherapy Signs First Deal in Pittsburgh
Restore Hyper Wellness and Cryotherapy has signed their first lease in Pittsburgh within the submarket of South Hills.  Restore is set to open its doors in May of this year within the Siena at St Clair development.  Restore will be joining the likes of Whole Foods, Comcast Xfinity, Sweat Bar, and Hello Bistro, among others.  Tommy McCafferty of Hanna Langholz Wilson Ellis represented the tenant in this transaction.  Restore Hyper Wellness and Cryotherapy has 29 locations throughout the country either open or opening in the first half of 2019.  Check out their website to learn more about their offerings!
Fresh. New. Exciting.
Stables at Hartwood > For Lease

1,500 - 7,500 SF Office/Retail/Medical
Convenient to Hampton/Fox Chapel Areas
More Info >> Sandy Cikovic

51 Bridge Street > For Sale

88,600 SF Industrial Space
Etna - Qualified Opportunity Zone
More Info >> AJ Pantoni or Jim Winter

Sold. Leased. Done.

5637 Butler Street
Lawrenceville, Pittsburgh PA
13,000 SF Warehouse

Sold By Jay W. Phoebe & Brendan McManus

3865 William Penn Highway
Monroeville, PA

5,588 SF Retail Investment
Sold by Michael Liguori, Andrew Sherry &
Tommy McCafferty
Did you hear?

Are more restaurants closing? And if so, why?
Hanna Langholz Wilson Ellis' Jon Knudsen is quoted in this article about the changing restaurant scene in Pittsburgh.

(Read More Here >> Pittsburgh Post Gazette)

Industry News
The 18-hour suburb: Savvy communities embracing a mixed-use approach to development 
Viewpoint: Opportunity Zones an opportunity we're missing
Expectations and Market Realities in Real Estate
Kohl’s tests grocery partnership to drive foot traffic into stores
 

Pittsburgh
Pittsburgh named best city for first-time homebuyers *paywall
Architecture team reveals designs for Pittsburgh airport’s new airside terminal
Beyond Westinghouse: What's next for Cranberry?
 

Developments
Controversial Penn Plaza redevelopment gets final go-ahead
Penn Plaza gets green light from Planning Commission
Kossman seeks approval for mixed-use redevelopment of Perry Highway site *paywall
Ohio firm with local ties to take on Uptown redevelopment
As interest in Oakland drives demand for space, a busy corner could see more construction
 

Office
One of Pittsburgh's fastest-growing companies is moving to the Frick Building *paywall
Burns Scalo starts construction on $55 million office project in North Fayette
Pittsburgh's Beauty Shoppe turns historic buildings into cutting-edge co-working spaces
Art Institute of Pittsburgh to close in March, affecting more than 2,100 students
 

Industrial
Hennecke moves into new South Fayette plant
Real estate developer buys 22 acres in Westgate Business Park


Retail
South Hills Village unveils major renovation plan
Exclusive! Contemporary Craft announces new location in Lawrenceville. Check it out here
New brewery working to set up in former foundry near the Bloomfield Bridge
Hop Farm will soon have a bigger taproom and brewery in Upper Lawrenceville
Ross commissioners pump the breaks on mall redevelopment
New four-wheel accessory superstore scheduled to open at Penn Center East
Cultural District restaurant to close after nearly 13 years
Lawrenceville craft brewery poised for expansion
Contemporary Craft moving to new $5.5 million home in Lawrenceville
Medical marijuana dispensary to open in Beaver County
Streets of Cranberry shopping center has a new owner
California family moves to Mon Valley to open wine bar in a renovated church
Possible development eyed near Greengate Centre in Hempfield
Chef and musician to team up on new Shadyside restaurant
Craft store Pat Catan's to close all stores, including five in southwestern Pennsylvania


Multi-Family
Demand has lived up to new apartment development in region
Job Growth and Millennials Driving Multifamily Demand
Upscale Townhouses Slated for Strip District Near Produce Terminal
 

Hospitality
Oaklander Hotel set to open this month
 
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