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Friday, July 14, 2006

Quote of the Week

Pittsburgh will be to artificial intelligence what Silicon Valley is to chips.
- Ira Gorman, New York Real Estate Investor and new owner of The Clark Building

Check out today's Pittsburgh Business Times to read about the sale of Downtown's Historic Clark Building to New York real estate investor Ira Gorman.

The 23 story office building has sold for $22.5 million.

I will post a link to the article next week when the internet edition is published, but I wanted to draw your attention to the above quote by Mr. Gorman who is apparently very positive about Pittsburgh, and it's high tech future.

Although many people believe that a downtown office building is not well suited for Robotics and AI company offices, Mr. Gorman is optimistic.

He believes that Pittsburgh is going to be the center for artificial intelligence and robotics, and is putting his money where his mouth is, paying a record $77.00 per square foot. He plans to convert the building, which was once a regional headquarters for Warner Brothers, into a high tech office building.

We hope that Mr. Gorman is successful in his new venture.


Blogger JacksPgh said...

I can't remember when there was more interest and energy in the city. It seems to be geuinely organic and not driven simply through government aid. It is a true movement and it is a thrill to watch.

10:25 PM  
Anonymous Anonymous said...

It seems there's expanding technology interest exclusively because of Carnegie Mellon

5:07 AM  
Anonymous Anonymous said...

CMU is a great driving force, I agree. But remember, Pitt is the real research giant in the city, with significantly higher R&D expenditures than CMU.

Personally, I think it's a combination of a lot of things that have been brewing for a long time that are fueling all the excitement around town.

2:01 AM  

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