Trending development, economic & real estate news
GCRTA’s first new train arrives Cleveland
Just after sunset Friday, the first new light-rail train acquired by the Greater Cleveland Regional Transit Authority (GCRTA) in more than 40 years arrived by freight train at CSX Transportation’s Collinwood Yard. Today, CSX moved Siemens Mobility train No. 401 to the Port of Cleveland for delivery to…
Deutsche Bank tells Millennia: time’s up
A federal court will likely decide on Monday whether to give the owner of the huge, former Union Trust Bank Building, 925 Euclid Ave. in Downtown Cleveland, more time to resolve a foreclosure action against it. Or the court could instruct the owner, an affiliate of the Millennia…
Cleveland’s next big manufacturing plant
With tenants in mind and a locally resurgent manufacturing market behind it, the long-proposed Gateway 55 light-industrial development is moving forward in the northern part of Slavic Village on Cleveland’s near-East Side.
Two Cleveland printers ink merger
Two family-run, Cleveland-based printers that have been in business for a combined 230 years have decided to unite that experience into a single company.
Cleveland 7th in US for home appreciation
According to a new housing market report by Homes.com, Greater Cleveland home prices continue to rise faster than the national average despite growing inventory. In July, only six of the 40 largest US housing markets saw faster annual sales price growth than Cleveland.
PNC to move satellite offices downtown
When a big company like PNC Bank owns a large, underutilized office property and occupies leased office properties in the same metropolitan area, something’s got to give. The giver is reportedly PNC’s satellite offices. And the receiver is PNC Center in Downtown Cleveland.
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