Ken Prendergast – Page 114

Is Sherwin-Williams ready to paint Cleveland’s sky?

2 Comments / Ken Prendergast / October 31, 2018

On Jan. 22, 2016, some 6,000 Sherwin-Williams Co. (SHW) salespersons began descending upon the Fortune 500 company’s annual National Sales Meeting in Orlando, Fla. Many were excited and not just because it was the paint and coatings company’s 150th year in business. Reportedly, a large number of attendees expected to learn about the company’s grand birthday prize to itself — a shiny new headquarters tower in SHW’s home city of Cleveland, Oh.

Is Sherwin-Williams ready to paint Cleveland’s sky? Read More »

Cleveland’s economy is kicking butt

2 Comments / Ken Prendergast / October 20, 2018

In case you’ve missed it, and judging by the lack of coverage in local mainstream media you have, but Greater Cleveland’s economy has managed to win some serious momentum in recent months.
September jobs data from the Bureau of Labor Statistics just came in this past week (see chart below). It showed that Greater Cleveland’s employment grew by 2.7 percent compared to September 2017 year-over-year (YOY). That would have been an increase over August’s robust 2.5 percent increase YOY, except that August’s preliminary data was adjusted upward to 2.7 percent in this latest report.

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Gentrification takes a Vantage in Ohio City

5 Comments / Ken Prendergast / October 18, 2018

Gentrification and Cleveland aren’t words that have gone together much in recent decades. But they’re mixing more often and, unfortunately, forcing more persons to relocate without them reaping financial windfalls from real estate sales.

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Cleveland: Nearly 40 towers planned

8 Comments / Ken Prendergast / September 28, 2018

A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.

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Smaller nuCLEus may come from a Dream

3 Comments / Ken Prendergast / September 4, 2018

Two rumors about new real estate developments may not be unrelated as they first appeared. In fact, they may be directly connected.

The first rumor is that Stark Enterprises’ nuCLEus development may be going forward after all, albeit scaled back. The second rumor is that a boutique hotel is coming to the Warehouse District.

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Cleveland’s growing home sales AND homelessness

1 Comment / Ken Prendergast / August 8, 2018

There is an incredible story playing out among the spreadsheets and city streets in the Cleveland. On the data side, real estate market observers are watching a remarkable rise in the number of housing sales and prices in the City of Cleveland. At the same time, social service organizations and agencies are witnessing a sad downside — worsening homelessness — that needs to be addressed very soon, preferably before another cold winter sets in.

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Leveraging the Boomtown

Ken Prendergast / August 3, 2018

Cleveland’s East Side, with one big exception, is a mess. It’s got some of the worst urban poverty in the United States and is the reason for Cleveland’s #2 ranking among America’s biggest cities in terms of percentage of residents living in poverty. Only Detroit outranks Cleveland in that regard.

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Lakewood commercial conversions continue

8 Comments / Ken Prendergast / July 13, 2018

In a follow-up to an earlier posting here at NEOtrans about Lakewood redevelopment, there is new activity to report. Two significant properties for sale are reportedly under contract to buyers who want to redevelop these with new uses.

Lakewood commercial conversions continue Read More »

Cleveland’s core entering new-construction mode

2 Comments / Ken Prendergast / June 1, 2018

The latest report from the Downtown Cleveland Alliance (DCA) on the progress of downtown had an especially interesting data set in it. That report, for the First Quarter of 2018, showed that the last of downtown’s obsolete commercial buildings (offices, warehouse, department store, etc.) being converted to residential (along with several new construction projects) will put the population of downtown Cleveland at about 20,000 people by 2020.

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Lakewood Ohio’s new residential boom times

Ken Prendergast / May 17, 2018

Lakewood’s primary commercial district, Detroit Avenue, is becoming a lot more residential. The changeover in land use is due in large part to a change in business preferences, resulting in opportunities to offer contemporary housing in a stable, walkable community. The last time the city had so much land available for development was before the Great Depression of the 1930s.

Lakewood Ohio’s new residential boom times Read More »