Pittsburgh-Based Firm Started Small, Grew Into A U.S. Job Creator

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

Fourteen years after Chuck Sanders opened a small storefront in Bellevue providing title and settlement services to people buying houses, that single business has mushroomed into a nationwide empire of about 13 companies, with some 2,400 employees and annual revenues this year that will be in the neighborhood of $200 million.

His flagship company, Urban Lending Solutions, headquartered Downtown in the Federated Investors Tower, provides back office support servicing mortgages for major financial institutions such as Bank of America, Wells Fargo and SunTrust.

New York-based Inc. magazine, which publishes an annual list of the 500 fastest growing companies in the U.S., this year ranked Urban Lending Solutions as the eighth-top job creator in the U.S. for creating 1,022 new jobs within the prior 18 months. Black Enterprise Magazine, known for its annual list of the country’s largest African-American owned firms, ranked ULS the nation’s 16th largest with 2012 revenue of $183.5 million.

Read more: http://www.post-gazette.com/business/2013/12/25/Built-on-drive-and-trust-City-based-firm-started-small-grew-into-a-U-S-job-creator/stories/201312250056#ixzz2obVTR97y


Developer Plans Apartments On First Avenue In Downtown Pittsburgh

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

For the past several years, developer Todd Palcic has made his living developing condos and apartment buildings in Downtown’s cultural district. Now he’s taking his talents across town.

Last week, Mr. Palcic completed the purchase of the former Graphic Arts building at 422 First Ave., with plans to convert the eight-story, red-brick structure into apartments.

“I think there’s a need for apartments on that side of town,” he said Thursday.

Mr. Palcic paid $800,000 for the building and another $350,000 for an adjacent lot, which will provide parking for those who eventually will be living in the building. CBRE was the broker in the sale.

Read more: http://www.post-gazette.com/stories/business/news/developer-plans-apartments-on-first-avenue-in-downtown-pittsburgh-682004/#ixzz2PVdnKyme

60 Projects Outlined By Pittsburgh Downtown Partnership

Several major developments in the Golden Triangle will get started or completed this year — part of a group of 60 projects in the pipeline totaling an estimated $2.2 billion in investment, according to the Pittsburgh Downtown Partnership.

Among the developments to get started this year is the Gardens at Market Square, a $95 million hotel, office and retail project to be built on Forbes Avenue near Market Square. Lucas Piatt, president and chief operating officer of Millcraft Investments, the developer, told those gathered for the PDP’s annual meeting this morning that Millcraft plans to break ground on the project in June.

The Gardens will feature 125,000 square feet of office space, 20,000 square feet of retail, a 335-car parking garage, and a 197-room Hilton Garden Inn. Burgatory, a hamburger haven, and Jackson’s Social Bar and Restaurant already have signed on as tenants, Mr. Piatt said.

Read more: http://www.post-gazette.com/stories/ae/art-architecture/60-projects-outlined-by-pittsburgh-downtown-partnership-679960/#ixzz2O19WK1GS

Project Offers Face-Lifts For Downtown Pittsburgh Facades

From one window, Alan Kashi can watch a 33-story glass skyscraper being built before his eyes. From another, he can drink in the elegant lines of Three PNC Plaza, the 23-story tower that opened a few years ago. He can walk a couple of doors from his property to a former five-and-dime store that harbors apartments, restaurants and retail.

Now it’s his turn to join the Downtown renaissance.

Mr. Kashi is restoring the storefronts, replacing windows and making other improvements to the buildings he manages at 254 and 256 Fifth Avenue and 445 Wood Street as part of a new program to help rejuvenate older buildings Downtown.

“We’re revitalizing Downtown. This is a very major corner, Fifth and Wood. And it’s going to really help a lot to do what is necessary to make Downtown what it should be,” he said.

Read more: http://www.post-gazette.com/stories/business/news/project-offers-face-lifts-for-downtown-facades-648419/?p=1

Pittsburgh Urban Redevelopment Authority Offers To Buy Saks Building Downtown

English: Downtown Pittsburgh

Image via Wikipedia

As upscale retailer Saks Fifth Avenue prepares to close its doors today, the city’s Urban Redevelopment Authority is bidding to take control of the building that housed it.

The URA has made an offer to purchase the four-story building, which was put up for sale in January after Saks decided to close the store after more than 60 years Downtown.

It is not known how much the URA offered for the 86,000-square-foot building. The owner, Oliver-Smithfield Joint Venture, has been seeking $5.5 million for the property, which is located on Smithfield Street near Macy’s department store.

Yarone Zober, chairman of the URA board and chief of staff to Mayor Luke Ravenstahl, had no comment when asked about the offer.

Read more: http://www.post-gazette.com/stories/business/news/ura-offers-to-buy-saks-building-downtown-466635/?p=0

Philly Developer Buying Buildings In Downtown Pittsburgh

Taken by me

Image via Wikipedia

A Philadelphia developer that has purchased two buildings in Downtown Pittsburgh in less than a year apparently has its sights set on a third.

PMC Property Group appears to be close to a deal to buy the Regional Enterprise Tower, the 30-story skyscraper that was the subject of a sheriff sale last spring, according to sources.

Read more: http://www.post-gazette.com/pg/11266/1176836-53.stm#ixzz1YnYfx0Kd

Pittsburgh’s Mellon Square Park To Receive $8 Million Upgrade

Stairs on the elevated side of Mellon Square

Image via Wikipedia

Pittsburgh’s Mellon Square Park was ahead of its time when constructed in 1955, during Renaissance I.  The 1.3 acre park is now on the list of National Historic Places and offers downtown office workers a green place to go during the day.  Surrounded by downtown skyscrapers, the park has water features, lighting, trees, plants, flowers and is a tranquil refuge in the Golden Triangle.  The money for this project has been raised by the Pittsburgh Parks Conservancy and no city dollars will be used for the upgrade.  The City of Pittsburgh does maintain the park, however, the facelift will not use taxpayer dollars.

Watch this video for a look at Mellon Square Park now and see what’s in store for the future!