BreakingNews

July 26, 2017
                   
 
Market News

Pittsburgh's non-farm employment reached a new high at 1,185,500 in June. The year-over-year increase of 15,000 jobs continued the trends of that past year or so, with manufacturing and logging/mining/construction (which includes oil and gas exploration) declining 3.3% and 1.2% respectively. Sectors with the biggest gains were hospitality (5.4%), other services (3.2%) and professional services (1.2%).

A report earlier this week showed job gains in Pittsburgh's technology sector of more than 13%. Current leasing and development activity corresponds with that trend, with most of the new development in the city being gobbled up by technology companies.

June employment in Pittsburgh grew 15,000 (1.3%) over June 2016, reaching an all-time high. Source Pittsburgh Today.

Project News  

Commercial real estate is again dominating the business headlines. The Pittsburgh Parking Authority selected Davis Companies to redevelop the 9th & Penn garage site. The $175 million project will ultimately involve 185 condos, commercial space and a 900-plus-car garage. Mascaro Construction is the contractor on the Davis team. Walnut Capital announced it was proceeding with the final piece of Bakery Square 2.0, a 225,000 sq. ft. office building. And water technologies company Evoqua announced it would be leasing 60,000 sq. ft. in the K & L Gates Building as part of a relocation of its headquarters to Downtown. 

In news of bidding in the real estate market,  The Builders Exchange is reporting that the 28,000 sq. ft. Junction in Bloomfield is out to bid, due on Friday. Final bids are being taken on the Stonehaven Brewery & Restaurant, the re-use of the Spaghetti Warehouse ( the bidders are at BuildingPittsburgh.com). Graziano, Landau, Massaro and PJ Dick were short-listed for the construction of Vincentian Senior Living's $16 million independent living facility in McCandless. Penn State short-listed Massaro, Donley's and Clayco for its $33 million parking garage at the Hershey Medical campus; and PSU chose Haskell for its design/build $40 million wastewater treatment plant at University Park campus. MBM Contracting was selected for Jefferson Hospital's emergency room.

To keep up to date with the market check out  BuildingPittsburgh .  
Looking to see what's happening?

If you're planning an event for the construction or commercial real estate industries, check out the Industry Events Calendar at the Tall Timber Group website. (www.talltimbergroup.com

Double-check what else is going on in the industry on the dates you have in mind. Or check out what events you might want to attend. Interested in posting events? Email us for instructions.  
People News


Gateway Engineers announced that John Schneider (formerly of Schneider Engineering) has joined the firm as a project manager.  John has 34 years of structural engineering expertise encompassing the full spectrum of building projects, including new construction, renovations and additions, vertical additions, load studies, peer reviews, and expert witness projects. He is a registered professional engineer in Pennsylvania, District of Columbia, Kentucky, Michigan, Nebraska, Ohio, Virginia, and West Virginia. 

Zach Hayes joined Independence Excavating full time as a surveyor after completing several successful co-op's.  He recently graduated from the University of Akron.  Sean Gulbin joined Independence Excavating as an estimator/project manager.
Coming Events

CREW Pittsburgh Golf Outing, August 7

CREW Pittsburgh's 14th annual golf outing will be held August 7, 2017 at Bird's Foot Golf Club. Registration deadline is Monday, July 31. Click for more information or download the registration form.
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Tall Timber Group is the publisher of BreakingGround and DEVELOPINGPittsburgh magazines and the Pittsburgh Homebuilding Report, and is a consultant for contractors and designers serving the construction and real estate market. For more information about our services, contact Jeff Burd or call:


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