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PITTSBURGH, PA-The 54-story, 1.5-million-sf CBD office building is master leased through 2028 by Mellon Bank, which occupies 1.1 million sf as their world headquarters and subleases the remainder. The property is expected to fetch between $210 million and $225 million.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
July 17, 2025
Compared with the broader CRE market, industrial transaction activity remains robust.
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Yesterday, rumors circulated that President Trump planned to remove Powell, but he later denied them.
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Starwood is acquiring 467 properties spanning 12 million square feet, distributed across 44 states.