The most-read story online from the Post-Gazette's Business section last week was the proposed face-lift for the city's Hazelwood neighborhood. The plan calls for the vacant Spahr Building, a former G.C. Murphy's store, to be turned into a programming and performance space for the Center of Life organization. Other structures and vacant land in the 4800 block of Second Avenue would become commercial and residential spaces under the proposal.
Banking on the law
Gregory Jordan, the global managing partner at Reed Smith who during 13 years at the helm oversaw the law firm's aggressive expansion to 25 offices worldwide and more than $1 billion in annual revenues, starts his new job Tuesday as executive vice president, general counsel and head of regulatory and government affairs for PNC Financial Services Group.
Familiar and new companies topped the Pittsburgh Technology Council's list of the best in the regional technology sector. Among those recognized was tech council founding member Giorgio Coraluppi as named CEO of the Year for his work at Compunetix/Chorus Call. For all the winners, go to www.post-gazette.com/businessnews.
Retirees younger than 65 are among the most expensive health care beneficiaries, and as thousands of people enroll or learn about the Affordable Health Care Act, those early retirees could get pushed into the health care marketplace, whether they like it or not. For the complete story by Steve Twedt, go to www.post-gazette.com/businessnews.
Cranberry teen retailer rue21 was sold to private equity investor Apax Partners for about $1.1 billion, and as of Friday was no longer trading on the Nasdaq exchange. The company, which grew its sales in part by opening new stores in areas that didn't have a concentration of teen retailers, had reported sluggish summer sales.
If you haven't been to Point State Park to see the 40-foot rubber duck, there is still time. Many Pittsburgh businesses wish Florentijn Hofman's Rubber Duck Project would never sail down the river; since its debut Sept. 27, the giant avian has been responsible for drawing crowds and driving sales.businessnews
Kim Lyons: firstname.lastname@example.org or 412-263-1241 or on Twitter @SocialKimLy. First Published October 12, 2013 8:00 PM