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$14.9M loan moves hotel construction forward for old Kaufmann’s Building

September 28, 2017

Walker & Dunlop closed on a $14.9 million construction loan for an EVEN Hotel, which will be located on the upper floors of the historic Kaufmann’s department store in downtown Pittsburgh. The 160-room hotel is part of a master redevelopment of the iconic 13-story building, called Kaufmann’s Grand on Fifth, which will include retail, hospitality, multifamily and office space.

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