Pittsburgh’s Next Big Win? BUSINESS ATTR ACTING Spring 2018 Industry Intelligence. Focused Legal Perspective. HIGH-YIELDING RESULTS. Meet our construction attorneys at babstcalland.com. Whether it’s negotiating a construction contract, litigating a mechanics’ lien or bond claim, resolving bid protests or dealing with delay, inefficiency, or acceleration claims, we help solve legal problems in ways that impact your business and add value to your bottom line. PITTSBURGH, PA I CHARLESTON, WV I STATE COLLEGE, PA I WASHINGTON, DC I CANTON, OH I SEWELL, NJ Babst_Construction_DEVPGH_8.625x11.125.indd 1 8/16/16 6:52 AM CONTENTS | Spring 2018 31 Development 05 President’s Message Project Hazelwood Green 41 Developing Trend Landscape of Public Subsidy for Development 45 Eye On the Economy 50 Office Market 06 Feature Update The Business of Attracting Business Jones Lang LaSalle 53 Industrial Market Update Newmark Knight Frank 56 Capital Market Update 61 Legal / Legislative Outlook Contract Termination: Don’t 19 2017 NAIOP Pittsburgh Awards Make a Bad Situation Worse 64 Benchmarks Handicapping and Recapping the Amazon HQ2 Response 67 Voices Tax Cuts & Jobs Act of 2017 69 News from the Counties 25 NAIOP Pittsburgh 80 People / Events Reflections on 25 years www.developingpittsburgh.com 3 BURNS WHITE CENTER Oxford Development Thanks NAIOP for Awarding Best Mixed Use Project 2555 SMALLAMAN We also want to thank our partners: Carl Walker Jeff Kumar McCaffery Langan The YARDS Chuck Local Trade Rycon Taylor Hammel Unions Scalo Solar Structural Engineers ERECT Funds Loftus Strip District Evolve Engineers Neighbors WTW 2501 SMALLMAN The HUB The YARDS Real Estate Development | Project Management | Property Management | Leasing & Brokerage | Investment Advisory | Energy Management PUBLISHER Tall Timber Group President’s Message www.talltimbergroup.com EDITOR Jeff Burd I am very fortunate and pleased to be nominated for “2017 Best Education 412-366-1857 able to serve in my second year as Event” through NAIOP Corporate and
[email protected] NAIOP Pittsburgh president.