Pittsburgh’s transformation from steel and manufacturing to eds and meds is a well-known story that continues to attract national attention, this time from Time Magazine.
Construction of 52 luxury townhouses is expected to start this summer in the East End’s Bakery Square 2.0 complex, bringing the first for-sale housing to an area where apartment, office, retail and tech development has blossomed.
“It’s another piece of the puzzle,” said Gregg Perelman, CEO of Walnut Capital Partners, developers of the growing Bakery Square complex along Penn Avenue in Larimer and Shadyside.
Perelman said the townhouse development will be called Bakery Village. Prices will start in the “mid-to-high $400,000 range,” Perelman said.
“It’s the right price point for this market,” Perelman said.
In the anonymous world of the Internet, people in the Wilkes-Barre/Scranton area and surrounding counties use the n-word in Google searches more often than most areas of the United States, according to statistics compiled by a top data scientist.
The Wilkes-Barre/Scranton media market — which includes Northeastern and Central Pennsylvania along with some counties in New York and New Jersey bordering the region — ranked 16th out of 196 nationwide for frequency of computer users searching the word, the data reveals.
Residents of the media market used the racial slur in online searches more than anywhere else in Pennsylvania except the Johnstown-Altoona media market, according to a study by a data scientist who gathered the information for a 2013 report about how racial animus affected the presidential elections of Barack Obama.
Editor’s note: Just another reason to love Lancaster
Lancaster is known for its local foods and crafts, and in recent years, those traditional products have begun to be offered in a new way: online.
The Lancaster community on Thursday was recognized for taking business into the digital world.
It was named the “digital capital” of Pennsylvania and recipient of Google’s eCity designation.
For the second year, the internet search giant has recognized a community in each of the 50 states. Last year, Exton, in neighboring Chester County received the award.
If it seems as though rental prices in Pittsburgh have been in a bull market over the past several years, that’s because they have.
While large metro areas like New York and San Francisco have grabbed headlines for their sky-high rental prices, Pittsburgh’s rental market is actually rising at a faster rate than New York’s, according to a study from personal finance website NerdWallet.
“We were looking at growth rates, rather than cities with the highest rents, and Pittsburgh is in a rapid economic growth period now,” said Divya Raghavan, a senior analyst for NerdWallet in San Francisco. “While New York and San Francisco are already well-established top cities in the U.S., Pittsburgh is considered an up and coming city.”
How does local cybersecurity expert James Koons describe the Heartbleed bug?
“That’s the theme here,” said Koons, who has worked on IT security for the U.S. military and Amazon.com.
Currently he is chief security officer for Listrak, a Lancaster provider of online marketing services, and a board member of the Online Trust Alliance.
The Internet search giant Google Inc. said Monday it will become an anchor tenant in a six-story office building planned in the East End’s Bakery Square 2.0 development.
“Google has signed a lease for an additional 66,000 square feet at Bakery Square 2.0 to accommodate for natural growth in our Pittsburgh office,” the company said in a statement.
It said local hiring will continue, but declined to offer specifics.
Bakery Square developer Walnut Capital Partners, based in Shadyside, hopes to begin construction on the office building in March. Google will occupy about a third of the building. Work is expected to take 18 to 24 months and cost at least $40 million.
ELVERSON — It’s not often that a high school student can brag to others that a famous person graduated from their school.
But the students at Twin Valley High School can, and on Thursday night, the new inductees to the National Honors Society got to meet one of their famed alumni.
Brent Hurley graduated from Twin Valley in 1997, nine years before Google purchased the company that Hurely helped found. That company is a little video sharing website called YouTube.
SAN FRANCISCO — Corporate America’s most famous working mother has banned her employees from working at home. Now the backlash is threatening to overshadow the progress she has made turning around Yahoo Inc.
Marissa Mayer, one of only a handful of women leading Fortune 500 companies, has become the talk of Twitter and Silicon Valley for her controversial move to end telecommuting at the struggling Internet pioneer.
From the start, Mayer, who at 37 is one of Silicon Valley’s most notorious workaholics, was not the role model that some working moms were hoping for. The former Google Inc. executive stirred up controversy by taking the demanding top job at Yahoo when she was five months pregnant and then taking only two weeks of maternity leave. Mayer built a nursery next to her office at her own expense to be closer to her infant son and work even longer hours.
Now working moms are in an uproar because they believe that Mayer is setting them back by taking away their flexible working arrangements. Many view telecommuting as the only way time-crunched women can care for young children and advance their careers without the pay, privilege or perks that come with being the chief executive of a Fortune 500 company.
ROUGHLY two decades ago, during an earlier Internet start-up boom, many entrepreneurs and fast-typing coders and engineers set up shop in a still-gritty area of this city: South of Market Street.
The young tech crowd rented — and sometimes bought — in commercial buildings in this former warehouse area, converting them into “work-live” spaces where they operated their nascent companies and slept (once in awhile).
The boom-and-bust cycles in the tech sector move quickly, and the pace of constant reinvention and innovation is relentless.
The same is true of tastes in real estate. Today a new generation of tech dreamers is back in the South of Market area. But this time they are breathing life into a start-up wave not previously seen in San Francisco: high-rise condo living.
Editor’s note: Betcha nobody is yelling “yahoo” over this news!
(Reuters) – Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth with a leaner, more agile company while saving hundreds of millions of dollars.
Sunnyvale, California-based Yahoo, which ended 2011 with some 14,000 employees, said it would save $375 million annually from the cuts and incur a pre-tax cash charge in the second quarter of $125 million to $145 million.