Cleveland
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Demand Dampens Amid Building Surge in Cleveland
Although underperforming against the U.S. average, the area's multifamily market remains stable, fueled by the revitalization of the city’s core.
23 March 2018 14:03 -
Infinity Construction to Bring More Office to Cleveland Area
The development of two new buildings in Westlake, Ohio, is expected to add more than 100,000 square feet of Class A office space to the area’s inventory.
14 March 2018 14:10 -
BGL Facilitates Sale of Cleveland Mixed-Use Property
The asset, which is anchored by the Department of Veterans Affairs, was sold to a CGA Real Estate Services affiliate.
09 March 2018 16:27 -
Akron-Area Manufacturing Buildings Change Hands
The former Wrayco facility in Stow will soon have a new tenant. CBRE facilitated the sale of the 240,000-square-foot property.
07 February 2018 16:01 -
IPA Brokers Sale of 526 KSF Ohio Shopping Center
Located in Aurora, Marketplace at Four Corners traded for $55.7 million. The Marcus & Millichap division procured the seller and the buyer, a 1031 exchange investor.
07 February 2018 14:41 -
Bellwether Arranges $57M Refi for Cleveland Office Tower
The 10-year CMBS loan, originated by Rialto, will allow One Cleveland Center’s owner to refinance the property’s high interest rate debt and fund tenant improvements.
17 January 2018 20:34 -
Mohr Capital Acquires 460 KSF Cleveland Office Center
The transaction was negotiated by Rodrigo Godoi, director of acquisitions with Mohr Capital, and closed at $52 million. The property is fully leased.
10 January 2018 14:48 -
NKF Brokers Long-Term Lease for Stag Industrial
Palmer-Donavin Manufacturing Co. will occupy 230,805 square feet at Stag Industrial’s facility in North Jackson, Ohio, by the end of the year.
08 December 2017 14:31 -
Downtown Growth Drives Demand in Cleveland
Although underperforming in the current cycle, the area's multifamily market is on sound footing, mainly due to the city’s thriving core.
06 December 2017 15:25 -
Ohio Educational Facility Awarded by EPA
A year ago, Springfield High School & Junior High scored only 69 on the EPA’s scale of 1-100, disqualifying it from receiving an Energy Star Building Label. Since then, energy efficiency initiatives were implemented that increased the school's score to 86, making it the only K-12 educational facility in the county to tout the distinction.
13 November 2017 17:36 -
Monmouth Lands 220 KSF Akron-Area Facility
The REIT acquired an industrial building in Stow, Ohio, for $19.5 million. The property is net-leased to a prominent racing tire maker.
02 October 2017 15:00 -
New Amazon Fulfillment Center Coming to Ohio
The e-commerce giant is building a 650,000-square-foot project in Euclid, expanding its presence in the state to five facilities, while adding another 1,000 full-time jobs.
02 October 2017 11:36 -
All Eyes on Core in Cleveland
The growing number of renters looking to live near work, transportation, retail and entertainment options, coupled with limited housing supply, is stimulating rent growth.
01 September 2017 13:51 -
Green Bridge Closes Bulk Cleveland Sale
Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
21 August 2017 20:26 -
BGSU, JLL Carry Forward $200M Master Plan
The long-term initiative comes alive with the opening of a high-tech facility. In line with the academic-focused phase of the project, BGSU will be renovating, constructing, demolishing and upgrading more than a dozen buildings across the campus.
11 July 2017 12:28