Real estate investors find bargains in Pittsburgh.

From: Pittsburgh Post-Gazette (Pittsburgh, PA) | Date: March 28, 2006 | Copyright information

Byline: Elwin Green

Mar. 28--The recent sales of the National City Center building to a New York-based investment group and of the Verizon building to a Santa Monica, Calif., investor are just the latest noteworthy instances of a trend that local brokers say has been growing for two years: Out-of-state investors from hot real estate markets are taking advantage of bargains to be found in Pittsburgh.

Consider: The buyer of the Verizon building, Judah Hertz, bought the four towers of Gateway Center in December 2004. A month later, the New York-based Blackstone Group bought ...

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