Burns & Scalo announces lease agreement with EQT
EQT Production will take about 30,000 square feet of space in Zenith Ridge 2, a 150,000-square-foot office building currently under
construction at Southpointe.
Burns & Scalo Real Estate Services Inc., the developer, announced the lease deal Tuesday. EQT will occupy the building in January.
It will join Sentric Corp., which will take occupancy in
Zenith Ridge 2 is part of the three-building Zenith Ridge complex being developed by Burns & Scalo.
Pittsburgh dominates in entrepreneurs tourney
Eleven Pittsburgh entrepreneurs made up the bulk of 16 winners in this year’s Open Field Entrepreneurs Fund competition. The Carnegie Mellon University fund was established in 2012 by Jonathan Kaplan, alumnus and Flip Video Camera creator, and his wife, Marci Glazer, for alumni at least five years past graduation. Winners receive a $50,000 investment as well as mentorship.
The 2014 recipients are: BandPass, which connects bands with live music venues; Bistrobot, which uses robotics to create fresh food; Collected, which allows users to uncover and reuse work by providing related content from cloud accounts; Digital Dream Labs, which teaches children computer science basics through video games and puzzles; and Greenovation, which designs, builds and develops affordable and sustainable housing.
Also: Innovesca, which develops processing technologies to maximize food’s nutritional benefits; LegalSifter, which summarizes, sorts and searches legal documents; LifeShel, a smartphone and application that uses crowdsourcing for community safety; Naturi, a site for food enthusiasts to share artisanal and organic recipes; PieceMaker, a 3-D printing company that provides retail stores the means to create custom inventory; and SolePower, which develops power-generating shoe insoles for charging electronics by walking.
U.S. Steel chief testifies at hearing on tubes
Mario Longhi, U.S. Steel president and CEO, was among those who testified Tuesday at a U.S. International Trade Commission hearing on imports of steel tubes used in the energy business. U.S. producers filed the complaint last year, claiming producers from nine countries are destroying their business by selling steel tubes at below-market prices in the U.S. market. The ITC is expected to decide in mid-August whether to keep duties on tube imports from the countries in place.
Home mortgages return at First Commonwealth
First Commonwealth Bank began offering home mortgages again this week at its 110 retail branches in Western Pennsylvania after exiting the residential mortgage origination business in 2005. The Indiana, Pa.-based bank said it eventually plans to offer home mortgages in its markets in Ohio, Maryland and West Virginia as well.
Chemicals firm mulls consolidating operations
Koppers Holdings is exploring the possibility of consolidating its North American tar distillation operations at a site in Stickney, Ill. The Downtown-based chemicals and wood treatment products company said it plans to apply for environmental permits as part of the process, which could include relocating production of the chemical naphthalene from its Follansbee, W.Va., plant.
Apple and IBM announce major joint initiative
Apple and IBM on Tuesday announced a wide-ranging partnership that the two companies’ top executives described as a major initiative intended to bring advanced mobile and data-analysis technology more broadly into the corporate world. IBM and Apple are jointly working on more than 100 business software programs developed exclusively for Apple’s iOS operating system and for use on iPhones and iPads.