Choose your location
Pittsburgh Business Times
Doing the math on the future prospects of downtown office tower
Rising 54 stories above Grant Street, BNY Mellon Center stands as a teetering question mark for downtown as its second largest building.<\p> As Bank of New York Mellon works to renovate the building it owns next door at 500 Ross, the financial institution has yet to show any signs of renewing its master lease at the more than 1.5 million square foot office tower at 500 Grant, which is set to expire in 2028.<\p>
U.S. Steel plant manager urges more review of county air-permit fees
The manager of United States Steel Corp. Clairton plant urged the Allegheny County Board of Health to do more review and analysis before passing on sizable proposed increases in fees on industrial air emissions.<\p> “Significant increases in fees will have a detrimental impact on businesses throughout the county and make the county less attractive to new businesses and manufacturing,” said Mark Jeffrey, who is also a member of the advisory council that met last month and was unable to move the potential changes to the county’s air pollution control act to the larger board.<\p>
See which housing developments are the biggest in Pittsburgh
Home builders and developers in the region continue to try to catch up with demand for new real estate and dozens of housing plans are under construction throughout southwestern Pennsylvania, as shown by the almost 100 plans on the recently published List of Pittsburgh-area Housing Plans Under Construction.<\p> More than 25 plans being built have at least 100 homes in the entire plan, according to the data from builders and from the plan or builder websites.<\p>
Tail End Capital raises a new fund, here's what to know
A Pittsburgh-based firm focused on a hot niche in private equity investing has raised its first fund.<\p> Tail End Capital Partners has raised a $34.45 million fund, Tail End Strategic Equity II LP, according to a filing with the U.S. Securities and Exchange Commission.<\p>
Near Earth lands Navy contract using its helicopter technology
The Naval Air Systems Command has selected Near Earth Autonomy as part of an aerial logistics connector program.<\p> For the program, Wilkinsburg-based Near Earth will utilize Leonardo AW139 helicopters to demonstrate an autonomous piloting system that can be operated without a remote pilot. According to a spokesperson for Near Earth, the goal of the program is "to field a flexible solution capable of transporting up to 3,000 pounds of cargo over a 200 [kilometer] radius" as well as serve in casualty evacuation roles.<\p>
New Ashley HomeStore coming to Monroeville
Ashley HomeStore, currently building out a new store at South Hills Village, is also preparing a new location in Monroeville as well.<\p> According to officials with the municipality of Monroeville, an Ashley HomeStore is taking over the former location of Phantom Fireworks at 4680 Old William Penn Highway, a one-time Giant Eagle store across from the community's M@C Discount location in a former Gander Mountain store. <\p>
Allegheny County may raise air pollution emissions fees
The Allegheny County Board of Health will hear Wednesday about revisions to Allegheny County air pollution control regulations that would see the fee rise substantially for large and small emitters.<\p> The proposed fee for the major air control permit fees — called Title V — would jump dramatically, from the current annual fee of $8,000 to an annual proposed fee of $15,000, $28,000 or $55,000 depending on the size of the plant and the emissions. The renewal fee, due every five years, would go from $4,000 to between $10,000 and $20,000, according to data presented to the Air Pollution Control Advisory Committee in June and published by the Group on Smog and Pollution (GASP).<\p>
LA law firm enters Pittsburgh, nabs 12 attorneys from Whiteford Taylor
At least a dozen lawyers jumped from Whiteford Taylor & Preston's downtown Pittsburgh office to Raines Feldman Littrell LLP, establishing a beachhead for the rapidly expanding Los Angeles law firm. The count zoomed from nine on Tuesday afternoon to 12 by Wednesday morning and there may be more.<\p> The three newest additions are Daniel Schimizzi, who joined as a partner, and associates Vivi Besteman and Jian Manganti.<\p>
New state budget includes quadrupled historic tax credit
At a time when so much development is stalled in downtown Pittsburgh and building owners are scrambling for resources for their struggling properties, the newly passed $47.9B state budget offers some new opportunities as well as some sources of disappointment.<\p> Count a quadrupling of the value of Pennsylvania's Historic Preservation Tax Credit from $5 million statewide each year to $20 million as a major positive, say close observers. <\p>
Massive hunting property in Elk County sold
One of the largest hunting properties in Pennsylvania has been sold<\p> Whitetail Properties Real Estate announced the sale of North Fork Lodge, a 6,792-acre wilderness property in Elk County in northcentral Pennsylvania near St. Marys.<\p>
Pittsburgh Business Times
7K+
Posts
696K+
Views
The Pittsburgh region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.