PNC Bank, National Association (PNC Bank)

PNC Bank is a national banking association organized and existing under the laws of the United States.  With roots in commercial banking going back more than 150 years, the PNC Financial Services Group Inc. is today one of the nation's largest financial services companies with a diversified mix of services that includes retail and corporate banking, and wealth and asset management businesses.

As Trustee to the AFL-CIO Building Investment Trust (BIT), PNC Bank is responsible for all aspects of the management and administration of the BIT, including the selection of investments. PNC Bank has established the BIT Investment Committee to manage the BIT.  As of the date hereof, the voting members of the BIT Investment Committee are senior officers of PNC Bank and its affiliates.  The BIT Investment Committee also includes one additional independent voting member with institutional real estate expertise. 

PNC Bank has retained PNC Realty Investors, Inc. to perform real estate investment advisory and management services, as well as administrative services, in connection with the BIT.  PNC Bank also has retained the ITC to assist PNC Bank in marketing the Trust and providing investor and labor relations services.

PNC Bank, National Association
249 Fifth Avenue, 1 PNC Plaza
Pittsburgh, PA 15222
(412) 762-2000

Adobe Flash Player Required

Get Adobe Flash player

BIT News

BIT Breaks Ground at T3 Minneapolis, MN
BIT Hosts Worker Appreciation at National Square Workers thanked for their commitment to excellence at DC project.
BIT Hosts Worker Appreciation Luncheon Union Workers at Playhouse Plaza Thanked for their Commitment to Excellence

Commercial Real-Estate News

Some Malls Pressure Retailers to Open on Thanksgiving While most department stores set their own hours, the small shops that line mall hallways tend to follow the lead of their landlords, which take their cues from chains like J.C. Penney and Macy’s.
Wed, 25 Nov 2015 12:43:25 EST

Mall Owners Find Silver Lining in Retailer Busts Some wobbly retailers are heading into the holiday shopping season with their fates hanging in the balance. Landlords are watching with a mix of concern and anticipation about potential store closings. The bright side: New tenants can mean higher rents.
Thu, 19 Nov 2015 14:56:57 EST