Pittsburgh Business Times - October 20, 2014
By Tim Schooley
In a downtown real estate market in which there's been relatively little sales activity, the Standard Life building is set to be auctioned off early next month.
Designed by Alden & Harlow and built in 1902, the building was bought out of sheriff's sale by a group called Penn Hills Associates last year, which has now contracted with Auction.com and Beynon & Co. to auction the property off.
The auction is scheduled to start on Tuesday, Nov. 4, with bidding to be completed on Nov. 6. Rich Beynon, president of downtown-based Beynon & Co., said that early expressed interest in the property has been so great that he believes the starting bid price of $1.25 million, a modest value of $36,585 per unit, will be far surpassed.