Trending News in Northeast Ohio jobs, economy, labor, immigration, and population
Ohio Senate voted 28-2 to concur with the Ohio House of Representatives’ changes to Sub. SB39, the Transformational Mixed-Use Developments tax credit. The bill has been forwarded to Gov. Mike DeWine for his signature to become law.
Read MoreOhio lawmakers pass skyline-altering bill Read More »
After this Thanksgiving holiday week, state lawmakers say there’s a pretty good chance that the Ohio General Assembly will finally pass the long-sought Transformational Mixed Use Development (TMUD) tax credit. And there’s potentially dozens of so-called megaprojects that the TMUD credit could activate or take already active projects and push them across the finish line.
Read More30 Cleveland-area megaprojects that may benefit from a TMUD tax credit Read More »
It’s as if someone turned the electricity back on and got the gears of Greater Cleveland’s real estate sector turning again. Today, NEOtrans heard from a real estate professional about that surge and began asking around to see if other experts in the business locally were experiencing the same thing. Turns out they were.
Read MoreCleveland’s real estate revs up for first time since March Read More »
The real estate market is divided into four basic end-users — residential, hospitality, retail and office. Although the retail market has been shrinking for years, it is basically on hold during the pandemic with some exceptions. The hospitality market is pretty much in a coma but it will probably return healthy once it regains consciousness. Only the residential market has shown a great deal of resiliency throughout the pandemic.
Read MoreCleveland-area offices shrinking, growing, moving and uncertain Read More »
Coastal cities have one thing in common — a tendency to build more high-rise buildings along their waterfronts. In real estate, where location is all-important, few things attract investment more than an accessible waterfront. That’s true for shorelines on oceans, Great Lakes and major rivers.
Read MoreCleveland is rising higher on the waterfront Read More »
At first blush, it sounded like such a rosy story.
The headline in the June 8 Wall Street Journal read “Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel.” Its central theme was that Greater Cleveland has become one of the most profitable places in the country to flip houses and own rentals. Investors have been redirecting their dollars from pricey coastal real estate markets and investing them in Cleveland. A happy story, right?
Read MoreA new housing crisis is hitting Cleveland, anonymously Read More »
License plate watchers in Greater Cleveland are having fun this summer checking out all of the out-of-state plates on the metro area’s roads. And there’s lots of out-of-state plates to see — from New York, New Jersey, Illinois, California, plus other states, as well as the usual ones from neighboring Michigan and Pennsylvania.
Read MorePandemic, family, tech, cost draw new residents to Greater Cleveland Read More »
As jobs start to come back following the pandemic-related economic shutdown, there are also new jobs coming online for Greater Cleveland. These aren’t restored jobs; they are jobs resulting from economic growth in sectors that were either unaffected by the shutdown or they are structural changes from employers seeking lower-cost ways of doing business.
Read MoreLots of good long-term economic news for Greater Cleveland Read More »
UPDATED APRIL 10, 2020
While the temporary scaling back of spending for the Sherwin-Williams’ (SHW) new headquarters+research (HQ+R&D) project is probably the most notable impact from the coronavirus crisis, it isn’t the only one in Greater Cleveland.
Read MoreCoronavirus crisis casualties in Cleveland real estate Read More »
UPDATED MARCH 16, 2020
As successful investor Warren Buffet says, “Be greedy when others are fearful.”
So are Greater Cleveland’s real estate developers fearful or greedy as Ohio and the country goes into Coronavirus emergency? And what might be the long-term implications of the pandemic on pending real estate developments?
Read MoreHow the Coronavirus is affecting construction in Cleveland Read More »
