{"id":48291,"date":"2025-11-30T13:46:06","date_gmt":"2025-11-30T13:46:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/48291\/"},"modified":"2025-11-30T13:46:06","modified_gmt":"2025-11-30T13:46:06","slug":"amid-pricing-exercise-faros-properties-opts-to-market-nova-place-while-pursuing-upgrades-wpxi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/48291\/","title":{"rendered":"Amid \u2018pricing exercise,\u2019 Faros Properties opts to market Nova Place while pursuing upgrades \u2013 WPXI"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">PITTSBURGH  \u2014 After more than a decade of reinventing the long-struggling Allegheny Center complex into a fully revitalized mixed-use redevelopment, Faros Properties has assigned the New York office of Newmark to market the 1.2 million-square-foot Nova Place for sale seeking an investment partner.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Jeremy Leventhal, managing director for New York-based Faros, declined to comment.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">But he\u2019s referenced the plan to real estate interests around town and\u00a0<a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/organization\/cbre\" rel=\"nofollow noopener\" target=\"_blank\">CBRE<\/a>\u00a0Vice Chairman Jeremy Kronman, who represents Nova Place for lease, confirmed the new sales listing by the New York office of Newmark.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Whether or how likely Nova Place is to be sold is another question. <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2025\/11\/20\/new-york-owner-shopping-north-side-complex-for.html?ana=wpxi\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2025\/11\/20\/new-york-owner-shopping-north-side-complex-for.html?ana=wpxi\">Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Download the <a href=\"https:\/\/www.wpxi.com\/mobile-apps\/\" rel=\"nofollow noopener\" target=\"_blank\">FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Follow Channel 11 News on <a href=\"https:\/\/www.facebook.com\/wpxi\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/WPXI\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>. | <a href=\"https:\/\/www.wpxi.com\/video\/\" rel=\"nofollow noopener\" target=\"_blank\">Watch WPXI NOW<\/a><\/p>\n<p>TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph body-copyright\">\u00a92025 Cox Media Group<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"PITTSBURGH \u2014 After more than a decade of reinventing the long-struggling Allegheny Center complex into a fully revitalized&hellip;\n","protected":false},"author":2,"featured_media":48292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[28076,28075,28074,237,18388,28072,28073,73,75,74],"class_list":{"0":"post-48291","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pittsburgh","8":"tag-faros-properties","9":"tag-investment-partner","10":"tag-is-nova-place-for-sale","11":"tag-new-york","12":"tag-newark","13":"tag-nova-place","14":"tag-nova-place-sale","15":"tag-pittsburgh","16":"tag-pittsburgh-headlines","17":"tag-pittsburgh-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/48291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=48291"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/48291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/48292"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=48291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=48291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=48291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}