- Gene Boyer – Burns Scalo Real Estate
- South Fayette 100 percent leased.
- Diamond Ridge when it is done will be $400 million Dollars.
- First to buy 40 acres in Fort Cherry Industrial and continue to look for opportunities.
- Preleasing still a challenge.
- Chris Kujawa - PDDM Solutions
- Industrial and commercial on the rise, few projects in Pittsburgh.
- High uptick in Wheeling, WV.
- Todd Pifer – AdVenture Development, LLC
- 4/27 Condada is opening up where IHOP use to be in McCandless.
- New cookie concept next to Condada coming.
- Dress for Less, Scheetz, Chick-Fil-A, Marshalls also coming.
- Stuart Coppedge – Desmone Architects
- Desmone voted Best Place to Work.
- Youngstown, Ohio project going well.
- Opened an office in Cleveland, big apartment complex opening, office in WV and busy in Wheeling.
- Warhols New Entertainment starting soon in vacant lot next to Warhol Museum.
- Jack Jacobs – WesBanco
- WesBanco is 159 years in business based out of Wheeling, WV.
- Holds north of 90 million dollars.
- Loan deposit ratio is very healthy.
- Still investing and expanding.
- Pipeline is very healthy.
- Jim Futrell – Allegheny Conference on Community Development
- From Dec. 2021 to 2022, saw a 2.1% increase in employment, very strong. Annual number 2.9% increase, data going back to 1990.
- Still catching up; the gap has closed in 2022.
- Healthcare is holding them back.
- Paying more attention to strategies of other countries, like Germany.
- Jonathan Levinson – Colliers International
- Extremely active right now, hard to develop anywhere.
- Greg Boyd – NexTier Bank
- Small community bank, privately owned.
- Doing a 5 year bridge loan for 3 shopping centers.
- Working on closing a Daycare project in Friendship.
- Sunny DiGiorno – PDDM Solutions
- Hired to do business development for staffing.
- Challenging to find candidates.
- Uncharted times; looking for candidates without 4 year degree.
- Every opening tough to fill.
- James Mauler – Cadnetics
- Complete remote due to pandemic, none of people want to work in office.
- Works with every player in construction projects.
- Design support services.
- Patrick Cersosimo – Apartner Multifamily Capital
- Works with individual investors, high net worth, high earners.
- All properties located in sunbelt states.
- Large projects 150 units to 500 units.
- Interest rates will work out even with new acquisitions.
- Try to maximize good construction that is already there; Construction costs are high and continuing to rise.
Brokerage Advisor @ Burns Scalo Real Estate | Real Estate Salesperson
1yGreat roundtable discussion at our new location. Thanks Chip Desmone for hosting us. Looking forward to Herky Pollock and Tommy McCafferty giving their State of Retail presentation next month!