Services firm will move into new Downtown space
Michael Baker International is moving its global headquarters to the top floors of BNY Mellon Center, Downtown. The company, now based in the Airside Business Park in Moon, will take all of the Grant Street skyscraper’s top 54th floor and part of the 53rd floor starting in December under a 10-year lease. About 65 of the company’s 625 employees, including executives, will move into the new space. The firm will continue to maintain a presence in Moon and Beaver. Michael Baker Corp. was acquired by Integrated Mission Solutions LLC last year to form Michael Baker International. CEO Kurt Bergman said the move Downtown shows the firm‘s commitment to the region and will help to increase its presence in the community. “This is the place we wanted to be,” he said.
Golden Triangle site gets a new tenant
Piatt Place is bulging at the seams. The Goddard School, an early childhood education provider, has finalized a lease to take 12,839 square feet of space on the first floor of the former Lazarus-Macy’s department store, which developer Millcraft Investments has converted into retail and office space and 65 luxury condominiums. With the new tenant, all office and retail spaces in the development at Wood Street and Fifth Avenue, Downtown, are fully leased. A couple of condos remain for sale.
Financial services firm makes city unofficial HQ
FNB Corp., the Hermitage-based parent company of First National Bank of Pennsylvania, said Wednesday that Pittsburgh has become its official corporate headquarters, but in name only. The bank said it would continue to run its operations center and support areas in Hermitage, Mercer County, and that no employees or customers would be affected by the change. FNB, the third-largest consumer bank in the Pittsburgh region behind PNC and Citizens, has maintained a regional headquarters in Pittsburgh on the North Shore since 2004.
Virtual health company names new chief executive
Dave Zynn has been named CEO of Iagnosis, a McMurray-based virtual health company that develops platforms for skin care such as the open network DermatologistOnCall, which connects patients with dermatologists through a secure website. Mr. Zynn had previously held executive positions at CombineNet, Stargate and SMT Health Services.
Quaker Steak & Lube plans Central Florida development
Sharon-based restaurant chain Quaker Steak & Lube has signed an area development agreement with Wingnutz LLC to develop four restaurants in Central Florida. The first is expected to open next summer.
More flights arriving late; complaints rising
More flights on U.S. airlines are running late or getting canceled, and complaints are rising. The Transportation Department said Wednesday that 76.9 percent of flights arrived on time in May, down from 79.6 percent in April and 79.4 percent in May 2013. Hawaiian Airlines and Alaska Airlines, which get good weather on many routes, rank best. ExpressJet and Envoy, which fly smaller planes for big airlines, rank last.
American Apparel reportedly in deal for financing
American Apparel Inc. has reached a preliminary deal with investment firm Standard General to receive a $25 million investment to bolster the clothing chain’s finances, a person close to the negotiations said Wednesday. The deal will help pay off a $10 million loan from investment firm Lion Capital, which made a formal demand for payment Monday. Lion Capital claimed that the chain defaulted under its credit agreement because it ousted its founder and CEO, Dov Charney.
Google picks charities to create ideas for Glass
Google has chosen five charities out of 1,300 proposals to develop ideas using Web-connected Google Glass. Google said Wednesday the nonprofits will get a free pair of the glasses, a $25,000 grant and support from developers. The winners include Classroom Champions of Jacksonville, Fla., which will use the glasses to create first-person educational videos by Paralympic athletes for high-need schools, and Baltimore-based Hearing and Speech Agency, which will develop new ways to help people with communication difficulties.