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Alpha Residential to Launch 352-Unit Community in Pittsburgh Area

Alpha Residential to Launch 352-Unit Community in Pittsburgh Area

by Phil Hall | Mar 5, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Multifamily developer Alpha Residential announced plans for a 352-unit residential community in the Pittsburgh suburb of Moon Township, Pennsylvania. According to the company, the development will be located 13 miles from downtown Pittsburgh and feature 300 one- and...
Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros

Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros

by Phil Hall | Feb 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renting is more affordable than buying a home in all but two of the top 50 metro markets in January, according to a new data report from Realtor.com. One year ago, there were six markets where buying was less expensive than renting. The average median asking rent in...
Developer Tries to Stop Historic Designation on Shuttered Pittsburgh Gay Bar

Developer Tries to Stop Historic Designation on Shuttered Pittsburgh Gay Bar

by Phil Hall | Feb 6, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A real estate developer and the estate of the owner of a defunct Pittsburgh gay bar filed a lawsuit to prevent the shuttered site from being nominated for historic designation status. WESA.fm reports Laurel Communities and the estate of Donald Thinnes filed their...
Pittsburgh-Area Mall Sells for $34 Million

Pittsburgh-Area Mall Sells for $34 Million

by Phil Hall | Feb 3, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

CBL Properties (NYSE:CBL) has sold the Pittsburgh-area of Monroeville Mall and Annex in for $34 million in an all-cash transaction with an unnamed buyer. The Monroeville, Pennsylvania-based mall opened in 1969 with 1.15 million square feet of space and was renovated...
Greystar Enters Pittsburgh’s Apartment Market with Ophelia

Greystar Enters Pittsburgh’s Apartment Market with Ophelia

by Phil Hall | Sep 24, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Greystar announced the start of construction on Ophelia, its first apartment development in Pittsburgh. Ophelia is part of a mixed-use development and will have 231 residences, with 35 of them dedicated to the city’s affordable housing program. Ophelia will have...
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