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[naviga:h3]Australian firm buys Mall at Robinson[/naviga:h3]
PITTSBURGH — An Australian investment firm has acquired The Mall at Robinson, one of the larger retail venues in the Pittsburgh area.
Cleveland-based Forest City Realty Trust said Monday that it had completed the previously announced sale of its interest in the mall to QIC.
Financial terms of the deal weren’t disclosed. QIC already had an ownership stake in the mall, which Allegheny County recently reassessed at $89 million.
Steve Leigh, QIC’s managing director of global real estate, said the company views U.S. real estate and especially the retail sector as a strong investment opportunity.
[naviga:h3]Teen, 17, arrested after school threat[/naviga:h3]
CAIRNBROOK — Authorities say a teenager has been arrested after an alleged threat of violence toward a Pennsylvania high school.
State police in Somerset County say “numerous” parents and grandparents contacted police on Friday about a possible threat to Shade Junior-Senior High School in Shade Township.
Police allege that a 17-year-old Stoystown youth said “he was going to shoot up the school and the people in it.” A police statement lists the dates of the alleged threats as Monday to Friday last week during school hours.
The youth was arrested Sunday and placed in a juvenile detention facility.
