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Default notices are piling up for retailers unable to pay rent
News 1 week ago
Default notices are piling up for retailers unable to pay rent

Retail landlords are sending out thousands of default notices to tenants, a situation that could tip already-ailing retailers into bankruptcy or...

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Commercial real estate transactions in U.S. plunged 71% in April
News 1 week ago
Commercial real estate transactions in U.S. plunged 71% in April

Sales of U. S. hotels, offices, malls and other commercial real estate plunged 71% in April to the lowest level in a decade, as the coronavirus...

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Mixed-income housing plan for vacant Warner & Swasey Co. complex in Cleveland lands key tax credits
News 1 week ago
Mixed-income housing plan for vacant Warner & Swasey Co. complex in Cleveland lands key tax credits

A Philadelphia-based developer aims to rehabilitate the long-empty Warner & Swasey Co. factory in Cleveland's Midtown neighborhood as mixed-income...

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Crain's Cleveland Business
News 2 weeks ago
Crain's Cleveland Business

The webinar on the Secure Act slated for March 19 has been postponed. Please disregard the date listed while we wait to reschedule. Presenter...

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Can you use PPP loan proceeds to pay your rent or mortgage?
News 3 weeks ago
Can you use PPP loan proceeds to pay your rent or mortgage?

Real estate lease payments or mortgage obligations are often one of the largest expenses for small businesses, right behind payroll. Such financial...

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Developer snags big Lake County site
News 3 weeks ago
Developer snags big Lake County site

The one-time home of ABB's Automation unit will be redeveloped by an affiliate of Premier Development Partners of Cleveland. The property includes...

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Another new nuCLEus plan is afoot
News 1 month ago
Another new nuCLEus plan is afoot

A new vision for nuCLEus is making the rounds among potential funders and government authorities being asked to help turn the project between...

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Lakefront condos, other projects surviving ringer as loans ebb, pandemic grows
News 1 month ago
Lakefront condos, other projects surviving ringer as loans ebb, pandemic grows

Even in normal times, real estate developers celebrate making it through the closing process for development loans. Amid the pandemic, even more so...

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NAI Pleasant Valley adds real estate vet as executive VP
News 1 month ago
NAI Pleasant Valley adds real estate vet as executive VP

The Medina-based NAI Pleasant Valley commercial real estate company has named Geoff Coyle, an office leasing and management veteran, as its...

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Akron's shutdown may have come at least painful time
News 1 month ago
Akron's shutdown may have come at least painful time

South Main Street in downtown Akron remains under construction in front of the city's $42 milion mixed-use Bowery Project. Because of the...

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New Amazon distribution site spurs apartment developments in Akron
News 1 month ago
New Amazon distribution site spurs apartment developments in Akron

To build more than 160 apartments for future Amazon workers in Akron, a Richfield builder and developer is using the same modular construction...

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Downtown Cleveland gains residents, vacancy
News 1 month ago
Downtown Cleveland gains residents, vacancy

Downtown Cleveland Alliance, the nonprofit that oversees downtown marketing, security and cleanliness, estimates that it will reach the milestone...

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Legacy Capital sheds some holdings
News 2 months ago
Legacy Capital sheds some holdings

In real estate, there is a time to build or buy, a time to hold and a time to sell. For Legacy Capital Partners, a Lyndhurst private equity...

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Lender sues Statler Arms Garage owner
News 2 months ago
Lender sues Statler Arms Garage owner

The Statler Arms Garage on the 1100 block of Euclid Avenue is the subject of a foreclosure proceeding on a nearly $4 million loan. The seven-story...

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Plan for 88 apartments gains steam
News 2 months ago
Plan for 88 apartments gains steam

First Interstate Properties of Lyndhurst has taken a big step and expects to check off others soon to start constructing a $23 million apartment...

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Baker Building's buyer may be a big leaguer
News 2 months ago
Baker Building's buyer may be a big leaguer

A company named 1900 East 6th LLC that was formed in Ohio on March 13 may hold an intriguing connection to the mystery buyer and potential reuse of...

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Architecture firms describe rare specialties
News 2 months ago
Architecture firms describe rare specialties

If you're looking for an architect who can design a library - or a justice center or a zoo - check out this year's Architectural Firms list. The...

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Developer ICP stakes a big claim in Parma
News 2 months ago
Developer ICP stakes a big claim in Parma

A long unused rail line may be put back into service in Parma by Industrial Commercial Properties as part of the updating of a former transmission...

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Summit Lake improvements eyed as economic catalyst
News 2 months ago
Summit Lake improvements eyed as economic catalyst

Along with a canoe livery, the $10 million plan features a loop trail that will extend public access all the way around Summit Lake, seen here. Can...

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Busy developer has more in store for downtown Akron
News 2 months ago
Busy developer has more in store for downtown Akron

The Everett Building is one of two downtown Akron sites that Tony Troppe is turning into loft apartments. Troppe, a longtime Akron developer,...

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Jacobs Entertainment hangs a 'for sale' sign on 5.6 acres in the Flats, with a pricetag of $17.5 million
News 2 months ago
Jacobs Entertainment hangs a 'for sale' sign on 5.6 acres in the Flats, with a pricetag of $17.5 million

Jacobs Entertainment Inc. is looking for a developer to remake a big chunk of the West Bank of the Flats. The company on Friday, March 6, announced...

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U.S. 30-year mortgage rates tumble to a record low of 3.29%
News 2 months ago
U.S. 30-year mortgage rates tumble to a record low of 3.29%

Rates for 30-year U. S. mortgages tumbled to the lowest on record as fears of a blow to the economy from the coronavirus sent investors rushing to...

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Stark Enterprises joins with Campus Advantage to buy two properties near the University of Florida
News 3 months ago
Stark Enterprises joins with Campus Advantage to buy two properties near the University of Florida

Cleveland real estate developer Stark Enterprises and Campus Advantage, a real estate investment management firm focused on the student housing...

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Here comes the neighborhood
News 3 months ago
Here comes the neighborhood

The Intro project will break ground in mid-March across from the West Side Market. The nine-story building will have about 36,000 square feet of...

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Retail Value Inc. sheds an Arizona shopping center for $84 million
News 3 months ago
Retail Value Inc. sheds an Arizona shopping center for $84 million

Retail Value Inc. (NYSE: RVI) of Beachwood, the company formed to sell shopping centers owned by the former DDR Corp., has completed another sale....

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Former Donzell's Garden Center site in Akron may become truck facility
News 3 months ago
Former Donzell's Garden Center site in Akron may become truck facility

Penske Truck Leasing is possibly looking to turn the former Donzell's Garden Center on Akron's East Waterloo Road into a $2.5 million truck rental...

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Matthews Real Estate Investment Services kicks off office move
News 3 months ago
Matthews Real Estate Investment Services kicks off office move

Matthews Real Estate Investment Services Inc.'s Cleveland office has grown so much that it's about to expand to a new suite on the fifth floor of...

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The making of the potential headquarters site for Sherwin-Williams Co.
News 3 months ago
The making of the potential headquarters site for Sherwin-Williams Co.

Stitch together the pain of Cleveland pro football and baseball fans from The Fumble, The Drive and the baseball strike as if they were pieces of...

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Kent development tide turns toward North Water Street
News 3 months ago
Kent development tide turns toward North Water Street

North Water Brewing Co. soon will occupy 101 Crain Ave. in Kent, most recently Knapp Collision. Developers say the site will feature a seven-barrel...

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Westlake firm moves to 15,000-square-foot spot in Ohio City
News 4 months ago
Westlake firm moves to 15,000-square-foot spot in Ohio City

Clear Choice Photo Booth, which provides camera kiosks and setups for people to take digital photos of themselves at events, has traded its...

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