Trending development, economic & real estate news
Buyer interest in 925 Euclid is high
For a large, vacant, old building needing significant repairs before it can even host new occupants in a soft market, there is a healthy amount of interest in buying The Centennial, 925 Euclid Ave. in Downtown Cleveland. The difficulty in redeveloping the building resulted in a lender foreclosing…
Clark-Fulton, Stockyards rebuild with new infill
As Ohio City continues to see new construction activity, momentum is edging south into the adjacent Clark-Fulton and Stockyards neighborhoods, where vacant lots are giving way to the types of dense developments that support walkability and transit ridership.
PNC has big plans for Downtown Cleveland
It’s perhaps the best news for Downtown Cleveland’s troubled office market since 2020 when Sherwin-Williams announced it would build a new headquarters here. PNC Bank today confirmed to NEOtrans it will spend big on improving its own skyscraper — including adding new storefronts along Euclid Avenue.
There is life after foreclosure Downtown
Fifth Third Bank tower shows there is life after foreclosure. Ownership of the 28-story tower, built in 1991 at 600 Superior Ave. in Downtown Cleveland, transferred in 2024 from Hertz Investment Group to its lender, an affiliate of Prime Group Finance of San Francisco.
Office market recovery to take ‘years’
Newmark’s market reports are well-regarded in the real estate industry. Their data is typically dry, yet spot-on. And they almost always avoid drama in their analyses. But their second-quarter 2026 office market report for Greater Cleveland added some unusually colorful adjectives to their data.
Soccer stadium partners with Rock Entertainment Group
Cleveland Soccer Group (CSG) today announced that Rock Entertainment Group (REG) – the organization behind the Cleveland Cavaliers, Rocket Arena and Cleveland’s incoming WNBA franchise – will lead the naming rights and entitlement sales process for South Gateway Stadium, CSG’s planned 10,000-seat venue on the south side of…
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