Real estate notes: New spec office building going up Downtown

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

=Among the major office-oriented facilities to open during the third quarter was the $100 million Wexford Health & Wellness Pavillion, a 174,000-square-foot complex that offers a variety of medical services including diagnostic imaging labs, oncology services, physical therapy rooms, a caf, and covered parking. Also known as the Wexford Medical Mall, it is located on Wallace Road Extension in Pine and is owned by Highmark Health.

= Doughboy Square Apartments, a 45-unit building at 3431 Butler St., Lawrenceville, recently opened. It is a 90,000-square-foot building with 16,000 square feet of retail space on the first level containing Senti Italian Restaurant, Pinot's Palate and Paul Michael Jewelry, tenants obtained by Jared Imperatore of Grant Street Associates Inc., Cushman & Wakefield. The three- and four-story building is a development by Michael Polite and Ralph Falbo of Ralph A. Falbo Inc., architect Chip Desmone, principal of Desmone & Associates; and Bob Mistick of Mistick Construction, the general contractor.

= Pittsburgh's retail market remained basically unchanged at the end of the third quarter from the second as the vacancy rate declined to 3.8 percent from 3.9 percent. The quoted rent rate increased to $12/27 per square foot per year, according to CoStar's Third Quarter 2014 Market Report.

=Among the major office-oriented facilities to open during the third quarter was the $100 million Wexford Health & Wellness Pavillion, a 174,000-square-foot complex that offers a variety of medical services including diagnostic imaging labs, oncology services, physical therapy rooms, a caf, and covered parking. Also known as the Wexford Medical Mall, it is located on Wallace Road Extension in Pine and is owned by Highmark Health.

= Doughboy Square Apartments, a 45-unit building at 3431 Butler St., Lawrenceville, recently opened. It is a 90,000-square-foot building with 16,000 square feet of retail space on the first level containing Senti Italian Restaurant, Pinot's Palate and Paul Michael Jewelry, tenants obtained by Jared Imperatore of Grant Street Associates Inc., Cushman & Wakefield. The three- and four-story building is a development by Michael Polite and Ralph Falbo of Ralph A. Falbo Inc., architect Chip Desmone, principal of Desmone & Associates; and Bob Mistick of Mistick Construction, the general contractor.

= Pittsburgh's retail market remained basically unchanged at the end of the third quarter from the second as the vacancy rate declined to 3.8 percent from 3.9 percent. The quoted rent rate increased to $12/27 per square foot per year, according to CoStar's Third Quarter 2014 Market Report.

- Sharpsburg will install 10 rain barrels at public spaces throughout the borough next spring, following receiving funds from Heinz Endownments Youth Philanthropy Program. The Sharpsburg Neighborhood Organization, which received the initial grant, will work with Volunteers of America, the borough and Allegheny River Towns Enterprise Zone. The Neighborhood Organization will work with children of Volunteers of America's All of Us Care afterschool program on setting up the barrels.

.

Continued here:
Real estate notes: New spec office building going up Downtown