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Pittsburgh Business Times
Echo Realty lands Barnes & Noble for Meridian redevelopment
The book store business is back enough that America's largest remaining chain store, Barnes & Noble, has committed to establishing a new store at The Meridian, Echo Realty's redevelopment along Penn Avenue in Shadyside.<\p> Echo announced landing Barnes & Noble, detailing the company will establish a 10,791-square-foot store at redevelopment project, the latest name tenant at a project anchored by a Market District by Giant Eagle store and a previously announced Shake Shack.<\p>
Datastrike acquires company, now serves more than 200 clients
Warrendale-based data infrastructure service provider Datastrike has completed its acquisition of database and cloud management provider MiCore Solutions, making the company "the largest managed service provider specializing in data infrastructure services for small- and mid-sized businesses."<\p> With this acquisition, the combined company now services more than 200 clients and thousands of databases, all of which are managed in North America. The company does not manage the data directly, but rather as an infrastructure service provider manages the software that holds the data. Terms of the acquisition deal were not released.<\p>
Gainey administration goes live with combined application process
Real estate developers of all kinds will have one less choice to needlessly complicate the start of their application and approval process by the city of Pittsburgh starting on Wednesday.<\p> That's the day on which the city's new OneStopPGH portal will first start to accept new applications, offering a combined technology platform that replaces what were formerly two applications, the Zoning Development Review Application and the Building Permit Application.<\p>
WeWork emerges from bankruptcy, appoints new CEO
After filing for bankruptcy protection in November, New York-based WeWork Inc. said Tuesday it has emerged from Chapter 11 and completed its operational and financial restructuring.<\p> The coworking giant's new era will include a new board of directors and a new chief executive. John Santora will become WeWork's new CEO, effective Wednesday. Santora joins WeWork from commercial real estate firm Cushman & Wakefield PLC (NYSE: CWK), where he most recently served as the firm’s Tri-State chairman.<\p>
'There's a lot to be excited about PNC,' CFO says. Here's why
Repricing fixed rate assets gets PNC CFO Rob Reilly excited. That's why PNC is still projecting record net interest income in 2025. <\p> "It's really good growth," Reilly said Tuesday afternoon at the Morgan Stanley U.S. Financial Conference in New York. "Even I can do that math."<\p>
Former ATI CEO and chair dies at age 90
Former Allegheny Technologies CEO and board chair and noted Pittsburgh philanthropist Robert Peter Bozzone died June 7 at age 90.<\p> Bozzone, who lived in Lower Burrell for more than 65 years, had been a 54-year veteran of Allegheny Ludlum and ATI (NYSE: ATI), which at the time was headquartered in Pittsburgh. He had started his career as a metallurgist and then rose the ranks to CEO and chairman of the board of the manufacturing company. He was chairman, president and CEO of ATI from December 2000 to June 2001, when he retired as president and CEO. He was board chair until May 2004 and served on ATI's board after his retirement. He had also been president and CEO of Allegheny Ludlum and had been vice chair of ATI beginning in August 1996.<\p>
The List: Environmental firms in region employ almost 4,000 in region
A dozen environmental firms in the Pittsburgh region employ more than 100, including testing firms, analytics companies, robotics businesses and engineering firms from southwestern Pennsylvania that work in some capacity to address environmental issues.<\p> The largest on the list are a pair of the region’s largest engineering firms — Civil & Environmental Consultants Inc., with 485 local employees, and GAI Consultants Inc., with 378 workers in the region. Keystone Clearwater Solutions LLC, HDR and Xylem Inc. all top 300 workers and round out the top five on the List of Environmental Firms, published this week.<\p>
CMU study finds robots could help and hinder disabled individuals
Over the past few years, all across the globe and in Pittsburgh, universities and companies have been testing and utilizing sidewalk robots to deliver food. A new study from Carnegie Mellon University's computer science school found that these public service robots could be used for more than just deliveries, but that these robots could also cause problems for people with disabilities.<\p> "[Sidewalk robot's] operation on public paths poses challenges for people with mobility disabilities who face barriers to accessibility, such as insufficient curb cuts," the report reads. "Our study aims to set the stage for a more inclusive future around public service robots."<\p>
PIT airport named to inaugural aviation industry hall of fame
Pittsburgh International Airport has made its mark as the sole airport in an inaugural aviation hall of fame honoring the industry's best and most distinguished.<\p> The airport was one of nine given the Air Transport World Hall of Fame award, which honors people, companies and organizations of distinction in global aviation. Pittsburgh International Airport was one of only a handful of winners that included Air Canada, American Airlines, Delta Air Lines, Korean Air, Emirates and former Eithad Airways CEO James Hogan. Air Transport World is a big trade publication in the aviation industry and had previously awarded Pittsburgh International Airport as its 2017 Airport of the Year.<\p>
Point Park University announces teach-out plan for PTC students
Less than one day after Pittsburgh Technical College announced that it will be closing its doors following the end of the current term, a local university has released details outlining a teach-out plan it is offering to affected students.<\p> Point Park University said on Tuesday that it has reached an agreement to honor tuition rates for PTC students as well as accept all of their PTC-earned credits. <\p>
Pittsburgh-based Jennmar Acquires G&R Gas Services
Pittsburgh-based infrastructure product provider Jennmar Holdings LLC announced today it has acquired G&R Gas Services, a Virginia-based company that provides maintenance services to the oil and gas industry. <\p> Jennmar, headquartered in O'Hara Township, will gain G&R’s existing customer agreements along with about 100 employees and 100 service vehicles, according to a release. The financial terms of the deal were not disclosed<\p>
Kennametal resumes operations at Arkansas facility after tornado
Kennametal's Rogers, Arkansas plant is back online.<\p> After sustaining tornado damage from a May 26 storm, Kennametal Inc. was forced to temporarily shut down the Arkansas facility, which produces engineered carbide wear components used primarily in the energy and engineering industries. The facility also produces rods used in the manufacturing of certain round tools of the company's metal cutting business.<\p>
Crown Castle to lay off 10% of workforce, keep Southpointe office
Crown Castle Inc., one of Southpointe's oldest and largest tenants, is laying off 10% of its workforce and closing some of its offices in its latest round of restructuring. But the company will retain its offices at Southpointe, which had been targeted for closure in a previous round of cuts before the order was rescinded.<\p> The cellphone tower and fiber-optic business, which is based in Texas, has a major presence at Southpointe where it occupies two buildings and had, at last count, about 1,100 employees. But the company, which has been shaken by changes in the industry and has gone through three CEOs in about six months, has also gone through two previous rounds of layoffs in the last year. Crown Castle (NYSE: CCI) in October under a previous CEO had plans to close the Southpointe offices and relocate many of the employees to Texas, although the plans were rescinded after that CEO left and an interim took over.<\p>
Call it BNY: why the giant bank has simplified its brand
It's official: BNY Mellon is now BNY after almost 17 years.<\p> The international financial giant's name remains the Bank of New York Mellon Corp., but the venerable Pittsburgh bank's name has been sliced from the brand and logo.<\p>
Pittsburgh Technical College to close in August
On Monday evening, Pittsburgh Technical College announced that it will be closing its doors. <\p> The Oakdale-based college has provided students in the region with various programs, including nursing, trades technology, culinary arts and more, for nearly 80 years. <\p>
CMU names new head of Machine Learning Department
Last year, Zico Kolter and a team of researchers were attacking ChatGPT to expose flaws in it and similar models. Now, he's preparing to take up the helm as director of Carnegie Mellon's Machine Learning Department, and while optimistic about the pace of the field, he's still got his eye on safety.<\p> "Whenever you have a massive new technology like this, there is always the possibility to use it in ways that benefit society and use it in ways that harm society," Kolter said. "Right now, generative AI techniques are tools that enable people to do certain things more efficiently and better. In that context, even just as a tool, there's massive ability to disrupt our current ecosystems."<\p>
UArts closure in Philly triggers layoffs at Pittsburgh-based Parkhurst
The abrupt closure of Philadelphia’s University of the Arts on June 7 translates to layoffs for a Pittsburgh company.<\p> Parkhurst Dining filed a Warn Notice with the Pennsylvania Department of Labor & Industry that it laid off 34 employees. Parkhurst, the catering division of Eat’n Park Hospitality Group Inc., had served UArts. <\p>
Personalities of Pittsburgh: Marcella Ogrodnik, Duo's Taqueria
Marcella Ogrodnik is executive chef of Duo’s Taqueria, Duolingo Inc.’s experiential restaurant in East Liberty. Originally opened as a takeout window in 2022, it expanded to a full-service restaurant a year later. Duo’s gives a discount to patrons who practice their Spanish when ordering. As executive chef, Ogrodnik is responsible for cultivating the menu offerings at the restaurant, which are inspired by the dynamic flavors of Mexico City. Prior to helming Duo’s, she operated Cafe Agnes, a pop-up Salvadorian food stand throughout the area, and has worked in restaurants around the world. She grew up near Pittsburgh, but is a...
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