Pittsburgh real estate update (Allentown, Penn: live in, safer, realty)

[wpipkins2]

Originally Posted by BUILD PENN SQUARE

it was all downhill from here - well before most of us were born



North Side author pens book about Pittsburgh’s baseball parks history

https://triblive.com/aande/books/nor...parks-history/

I can only imaging looking out at the fountain, Cathedral of Learning and dense city view. It rivals the current PNC Park view.

[svband76]

Originally Posted by wpipkins2

I can only imaging looking out at the fountain, Cathedral of Learning and dense city view. It rivals the current PNC Park view.

Yes I will buy this book. I love old ballpark stories. I have a great one recently written about Forbes Field. There's a nice panoramic shot of Exposition Park I've seen before. I loved the old advertising in these parks as well. Babe Ruth's final home runs of his career hit in Forbes Field. The last one clearing the roof. That 100+ year old former usher at PNC Park who recently passed away was at the game. Amazingly. May 1935.

[wpipkins2]

Originally Posted by svband76

Yes I will buy this book. I love old ballpark stories. I have a great one recently written about Forbes Field. There's a nice panoramic shot of Exposition Park I've seen before. I loved the old advertising in these parks as well. Babe Ruth's final home runs of his career hit in Forbes Field. The last one clearing the roof. That 100+ year old former usher at PNC Park who recently passed away was at the game. Amazingly. May 1935.

Wow! 1935

[BUILD PENN SQUARE]

the post-gazette does not disappoint - they're all over the pittsburgh real estate situation

‘A rocky start’: Pittsburgh region’s office market plagued by vacancies, not much construction in early 2023

https://www.post-gazette.com/busines...s/202304120050

"The regional office market is taking it on the chin, vexed by record high vacancy rates, the lowest amount of space under construction in six years and a massive increase in Pittsburgh zoning review fees that could further hamper development.

And some are predicting that it won’t get better anytime soon.

That in essence sums up the findings in the first-quarter office reports released this week by three local real estate firms — Newmark, Jones Lang LaSalle, and CBRE.

Newmark and JLL were particularly frank in their assessments, with the former describing it as a “rocky start to the year.” It offered a glum forecast as to when the market could see improvement.

A number of local developers have expressed outrage over the fee increase for commercial zoning reviews. Shadyside-based Walnut Capital has urged the city to suspend enforcement, arguing that the increase is illegal and amounts to an “unauthorized tax.”

Jonathan Kamin, Walnut Capital’s attorney, has stated that under state law, such fees must be directly related to the costs incurred by the municipality in issuing a permit or in performing work associated with the application.

He has said that the $255,000 fee Walnut Capital would be charged for an apartment and hotel project it wants to do in Oakland would exceed the annual salaries of the people doing the zoning review. Last year, the same review would have cost $14,050.

JLL was not optimistic about a turnaround.

“Vacancy will increase in the coming quarters as evidenced by upcoming large lease expirations and announced downsizings that are looming on the horizon,” the report explained.

Even the booming Oakland/East End corridor wasn’t immune to the issues caused by the pandemic — and, more recently, by higher interest rates and construction costs.

Its vacancy rate topped 25% in the first quarter, driven in part by the decision by Philips to vacate two more floors of space at its Bakery Square headquarters."

[Moby Hick]

Maybe now is the time for me to demand the office landlord fixes the paper towel and toilet paper dispensers.

[BUILD PENN SQUARE]

Originally Posted by BUILD PENN SQUARE

https://www.realtor.com/realestatean...8_M47929-34840

$7 million for a 4 bedroom house in fox chapel

that's $1.75 million per bedroom

looks like someone might have paid over $6 million for this place - that is impressive if it's accurate - realtor.com says listing removed

https://www.coldwellbankerhomes.com/.../pid_50470770/

Sold For: $6,350,175
Taxes: $67,626
Status: Closed
Type: Single Family
MLS ID: 1582452
Added: 162 day(s) ago

[Moby Hick]

They must have never eaten an avocado in their life.

[Knepper3]

NM, was gonna post an image but it was huge and annoying. Did I miss a post on Avocados?

[Moby Hick]

No. I just heard that if you don't buy avocados too often, you can buy a house.

[eschaton]

Originally Posted by Moby Hick

No. I just heard that if you don't buy avocados too often, you can buy a house.

Also if you skip going to Starbucks!