Wednesday, December 12, 2012

East Liberty Snags Patron Mexican Grill


Great news for foodies out there, East Liberty is gaining a new restaurant: Patron Mexican Grill. Get your appetite ready!
Walnut Capital Partners is leasing a 6,000-square-foot space in the first floor of its Highland Building redevelopment in East Liberty to Patron Mexican Grill.

With established locations in Wexford, O’Hara Township and Monroeville, Patron expects to establish a larger restaurant with ample seating both indoor and outdoor in warmer months, a larger bar to serve a more urban clientele of singles and young couples while serving the same variety of traditional Mexican dishes and drinks as its other restaurants.

Martin Bolanos, owner of Patron along with other restaurants in the Chattanooga, Tenn., area, said he expects to open the new Patron in East Liberty by next summer when the building’s construction is completed after more than 25 years of sitting empty.

“We’re going to go there because we want some presence in the city of Pittsburgh,” said Bolanos. “We think it can be a good area for us.”

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Friday, December 7, 2012

Pittsburgh's Housing Market Booms


Pittsburgh's residential real estate market continued at a torrid pace in November.

There were 2,646 homes placed under sales agreement in the Pittsburgh region, a 9.11 percent increase compared to November 2011, according to data released Wednesday by West Penn Multi-List. Average home sale prices up are up 7.8 percent to $157,050 compared to a year ago and homes are on the market five days fewer -- 89 days -- than they were in November 2011. Home listings are down 1.1 percent to 1,123. 
That's continued a trend for all of 2012, where homes placed under agreement are up 10.8 percent and average home price is up 5.7 percent to $166,012. 
"Buyers are taking advantage of more than appealing interest rates, and sellers are benefiting from the active market, smaller than normal inventory of homes for sale and increasing average sale prices," Barbara Kohl, executive vice president of the West Penn Multi-List Inc, said in a prepared statement. "With fewer homes listed for sale, buyers are moving quickly to make offers on homes that are priced right."

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