Burns Scalo Announces Expansion & Diversification Plan
April 13, 2023 | BSRE
PITTSBURGH, PA — Burns Scalo Real Estate (BSRE) today announced a growth plan that includes the creation of a new Advisory Services division. BSRE is the region’s largest, privately-held diversified commercial real estate organization that manages, leases, and develops office, life science, retail, industrial, and mixed-use properties.
For nearly 70 years, BSRE has honed its craft and shaped its services by investing more than $650 Million of private capital into the local market, consistently winning for its investors. The strategic move accelerates the firm’s expansion by offering the same visionary approach and services to investors, and commercial real estate owners outside of its portfolio.
Created to help investors and owners evaluate real estate and to provide options for the best use of the client’s property, crafting the best scenario for the client’s financial objectives and situation. BSRE Advisory Services umbrella includes commercial brokerage, commercial development and construction, and commercial asset management services.
“It is important that I reaffirm that we are not changing what we do. We are only adding to it,” said BSRE CEO Jim Scalo. He added, “This is a pivotal moment for our firm to advance its focus on navigating the future of commercial real estate. As part of our diversification and expansion, we will continue to obsess over strategic execution, talent, and innovation. The same pillars of success that have made us what we are today.”
Scott DiGuglielmo, SIOR, Vice President of Brokerage, added, “We are bullish on growth inside and outside of the Western PA market. We have an amazing culture, support systems in place, and great execution. When you mix that with great talent…we now have a recipe for endless possibilities.”
BSRE has been leaning toward the diversification of its portfolio and its expansion of services for several months. Within the past five months alone, it has announced the realignment of its brokerage team to form a new Brokerage Advisory Team, the awarding of three new facilities management contracts, , and launched a new high-bay industrial project – a significant shift for a historically office and mixed-use developer.
About Burns Scalo Real Estate
Burns Scalo Real Estate is the local leader in identifying and creating dynamic development opportunities. We believe that better places create better lives —and in doing so—we transform spaces, businesses, and the communities we serve. The organization’s development, brokerage, and management services unify to create spaces that people want to come to, not just have to.