BreakingNews

August 9, 2017
                   
 
Market News

August is typically a slow time for economic news. At the national level, the headlines have been about the continued strong hiring picture, which drove unemployment down to 4.3%, and the 2.6 growth in GDP during the second quarter. The latter is likely to be revised (upward if history is a clue) but is not expected to push beyond the range of 2% to 2.8%. 

The regional market remains more upbeat than the overall economy. Designers continue to be busy. The trend towards newer offices is accelerating (read more in the fall DevelopingPittsburgh) and a handful of users are in the market looking for 60,000 sq. ft. and up. Several of these companies are searching in the CBD and its fringes because their suburban locations are making it harder to recruit workers.

Is there a new automated vehicle roaming Pittsburgh's streets?

Project News  

While the massive concrete pour is underway at the Shell polyethylene facility (the cracker) in Monaca, a package that includes and administration building and medical/fire station facility totaling about 84,000 square feet is out-to-bid to Fay/Alberici, Mascaro/PJ Dick and Turner, due Aug. 18. A lab building was also just released to bid Sept. 14. Check BuildingPittsburgh for an update on the Shell project.

In other project news, Massaro Corp. was selected as the CM for the $26 million AGH Cancer Institute project. IKM was chosen as the architect. Massaro was also awarded the $4 million Mercy Hopsital central sterile suite. H amister Group awarded a contract for its  $12 million Northland Heights senior living facility, which is the conversion of the former LaQuinta motel on McKnight Road. PJ Dick's special projects group started construction on the $3 million Keystone Shooting Center in Marshall Township. 

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


Providence Engineering Corp. opened an office in Pittsburgh. The Lancaster-based structural engineer has offices in six other PA cities. Pittsburgh operations will be led by Mark Ritchie and market development is being handled by Zak Woolpert.
Coming Events

Rebuilding Together Pittsburgh IMPACT 2017, October 18

Rebuilding Together Pittsburgh will hold its annual gala on October 18 at Wigle Whiskey from 5:30 PM to 8:30 PM.  Go to RTP's website for more details.

Rebuilding Pgh logo  

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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:


Tall Timber Group
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Pittsburgh, Pennsylvania 15237
412-366-1857

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