Trending News in Northeast Ohio jobs, economy, labor, immigration, and population
When the Ohio Tax Credit Authority on Monday approved financial assistance to Canon Healthcare USA Inc. for its new headquarters in Cleveland, state officials revealed that Ohio wasn’t the only state that was focused on the Japanese-based imaging company. NEOtrans also learned details of Canon’s property lease with the Cleveland Clinic Foundation which helped secure the new HQ.
Read MoreCleveland competed for Canon — and won Read More »
Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.
Read MoreCanon Healthcare buys Cleveland building for HQ Read More »
With deference to the classic movie “Casablanca,” of all the abandoned industrial sites in North America, the Urban Land Institute’s (ULI) Hines Student Competition picked Cleveland’s vacated Lake Shore Power Plant site as the canvas for its 2025 design competition. Four finalists were announced today in the competition that drew 82 entries from universities worldwide, with the winner to be named April 3 in Cleveland.
Read MoreUniversities worldwide compete to redesign Cleveland’s Lake Shore Power Plant site Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
Three redevelopment projects — two on Cleveland’s west side and one in Lakewood — were awarded financial assistance today by the Port of Cleveland’s board to advance them to construction in the coming weeks. The assistance totaled more than $97 million worth of financing, sales tax savings and bonds.
Read MoreCleveland, Lakewood projects boosted by Port Read More »
Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
Read MorePinecrest bought by North Carolina firm Read More »
Design review of East Stokes, what would be University Circle’s tallest building, was moving along at a rapid clip last fall. Things were moving so quickly that the development team, led by PCP Voyager, anticipated that if City Planning Commission could approve the final plans by Thanksgiving, a spring groundbreaking of 24-story apartment tower might be possible.
Read MoreUniversity Circle tower goes back to drawing board Read More »
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.
Read MoreIs DeWine’s stadium tax idea a good bet? Read More »
Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.
Read MoreCanon Healthcare USA picks Cleveland for HQ Read More »
On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.
Read MoreReceiver appointed for Downtown office complex Read More »
