Friday, July 23, 2010

Several Downtown Pittsburgh landmarks up for sale
Friday, July 23, 2010
By Mark Belko, Pittsburgh Post-Gazette

The way things are going, the Golden Triangle just might become one gigantic "for sale" sign.

All over Downtown, buildings are going up for sale almost as fast as LeBron James jerseys in Cleveland.

And not just any old building. Some of Pittsburgh's signature real estate is on the block -- from Macy's (formerly Kaufmann's) department store to Gateway Center, the linchpin of the city's first renaissance.

Others up for sale include the Henry W. Oliver Building; the Regional Enterprise Tower, formerly the Alcoa building; EQT Tower, once known as Dominion Tower; and the American Red Cross of Southwestern Pennsylvania building.

And that doesn't even count some of the smaller properties that have hit the market recently.

What's next? The County Courthouse? PPG Place? U.S. Steel Tower?

The surge in sales has made newspaper headlines and even attracted the attention of City Hall. Aides to Mayor Luke Ravenstahl have consulted with local real estate brokers seeking to determine what is driving the phenomenon.

Interesting story with different theories and predictions. Read more:

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