BreakingNews

April 6, 2017
                   
 
Market News

This morning's report card from the Pittsburgh Regional Alliance - its annual "Wins-day" - highlighted just how important the energy sector is to the Pittsburgh economy. A record $10.2 billion in new investment was made to the region in 2016, highlighted by the final announcement of Shell's $6 billion plant in Monaca. Without that project, however, the remaining $4 billion investment ranks as the highest since 2008, when the Marcellus exploration was booming. Among the other highlights, the energy sector was called out for declining deal flow but the second most investment volume, at more than $1 billion. The most deals were done in manufacturing and IT.

Zach Huth (left) Brandon Mendoza from the Greater Pittsburgh Chamber of Commerce and Mascaro's Alyssa Kunselman at the PRA's Wins-day report card on business attraction at the Fairmont on April 6.

Project News  

Bidding activity, at least measured by the construction reports, has slowed somewhat since February/March. It appears that this is a lull, rather than a true slowdown, perhaps due to the cycle of increased architectural activity during the previous few months, which prevented production of bidding documents. Start activity hasn't seen the same lull. Mosites Construction was awarded the $30.3 million Liberty Tunnel Phase 5. Burchick Construction was awarded a contract for $2.4 million in exterior renovations to UPMC Heritage Place. East Liberty Presbyterian Church selected Landau Building Co. for its $5 million renovation. In the bid market, Bechtel is taking design/build proposals for the $9 million railroad buildings at the Shell site and Oxford Development is taking design-build proposals for the second building at 250 Industry Drive, a 44,000 square foot flex building. Pittsburgh Theological Seminary is taking proposals for its $10-12 million library renovation. Check out the bidders for these at BuildingPittsburgh.

UPMC took proposals last week from PJ Dick/Austin, Mascaro, Massaro/Gilbane, Turner and Whiting Turner for the new $111 million patient tower at UPMC Hamot in Erie. The new UPMC South hospital in South Fayette is expected to go out for CM proposals after Easter. The $75 million St. Clair Hospital expansion/renovation is on roughly the same schedule.

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

 
Michael Brown joined Hatzel and Buehler's Pittsburgh Office in March as an Electrical Estimator. Michael's experience includes Healthcare, Higher Education, Commercial, Mission Critical, Design-Build and IPD Projects . He earned both his bachelor's and master's degree in Architectural Engineering from Penn State University. 
 
Project surveyor John Woodworth has joined the survey division of R.A. Smith National's Oakmont office. Additionally, Jason Boley has joined the firm as a civil engineer in the land development services division.
Coming Events
 
WPANECA 3rd Annual Industry Evening, June 1

The Western PA Chapter of National Electrical Contractors Association is presenting Robert O'Neill, one of the country's most highly decorated Navy SEAL combat veterans at its 3rd Annual Industry Evening & Keynote Event.  This year's event will be held on June 1st. Contact Cody Phillips for more information.

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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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