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In 2021, it was listed as the largest commercial property manager in the Pittsburgh metropolitan area with 13,177,043 sq ft (1,224,187.4 m 2) of leasable space. [1] Likewise, it is one of the largest real estate firms in Pennsylvania.
The Regional Industrial Development Corporation of Southwestern Pennsylvania—known colloquially as the RIDC—is a privately funded non-profit [3] serving the Pittsburgh metropolitan area to focus on a regional approach to economic development primarily through managing and rehabilitating area research and business parks for modern tenants.
The company was founded by Sylvan M. Cohen (1914-2001) in 1960 following the passage of the Real Estate Investment Trust Act, which allowed real estate trusts to access money from public investment. [ 1 ] [ 2 ] In 1997, the company acquired The Rubin Organization for $260 million, and founder and chief executive officer Ronald Rubin became CEO ...
In 2015, the university began creating a "New Academic Village" that will make the school, and downtown, a vibrant area for students. With the introduction of this initiative, Point Park has evolved into one of the largest investors in Downtown Pittsburgh real estate development. [4]
Paper Mill Run, also known as Monoshone Creek, is a small tributary of Wissahickon Creek that is located in Philadelphia, Pennsylvania, USA. Its watershed includes parts of the Mount Airy and Germantown neighborhoods of Philadelphia.
The downtown Pittsburgh office vacancy rate at the time was 20%, driving down the value of the building. In October 2008, the building was purchased by Mika Realty Group of Los Angeles for $6.5 million. [3] Mika Realty, owned by Michael Kamen and Gerson Fox, purchased the building under the name 600 William Penn Partners LLC. [4]
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 25 days ago The housing market ...
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.