News Category – Page 89

Sherwin-Williams picks Cleveland sites for HQ, R&D facilities; announcement “imminent”

9 Comments / Ken Prendergast / January 9, 2020

According to multiple sources, Sherwin-Williams (SHW) has made its decision on where to build its billion-dollar new headquarters buildings and new research & development facilities. The same sources, who spoke off the record because they were not authorized to speak publicly yet, said the announcement of the locations will be made in two weeks.

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25 on 25: twenty-five developments along/near West 25th

1 Comment / Ken Prendergast / December 29, 2019

If it seems like there’s been a lot of news lately about developments along West 25th Street between the Cleveland neighborhoods of Ohio City and Brooklyn Center, you’re right. And there’s more to come in that 2.5-mile-long corridor.

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Cleveland ended the decade with a boom, and it’s showing

7 Comments / Ken Prendergast / December 23, 2019

When John Knopfler and his spouse moved into their Tremont house where a large family had just moved out, each did what many are doing in Cleveland these days. They’re participating in the city’s Fifth Migration, bringing with it socio-economic changes unlike any experienced from the previous four migrations in the past 223 years.

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City gets pushback on police HQ in Opportunity Corridor

3 Comments / Ken Prendergast / December 19, 2019

Like a traffic cop directing traffic at a downtown intersection, two interest groups have reportedly given Mayor Frank Jackson’s administration the stop hand and a whistle for going the wrong way with its proposed new Cleveland Police Department (CPD) headquarters (HQ).

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Sherwin-Williams HQ competition heats up, delays announcement

Ken Prendergast / December 13, 2019

If you wanted a shiny new Sherwin-Williams (SHW) headquarters plus a research and development (HQ+R&D) facility in your Cleveland-area stocking by Christmas morning, you’re probably going to be disappointed. But don’t expect a lump of coal either.

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Downtown Cleveland hotel sells to NY-based REIT

Ken Prendergast / December 13, 2019

Downtown Cleveland’s Hilton Garden Inn, 1100 Carnegie Ave., sold on Dec. 9 to a New York City-based real estate investment trust that specializes in owning Marriott- and Hilton-branded hotels.
The 11-story, 240-room hotel, its adjoining Gateway Conference Center and the 2.85 acres on which the complex sets was sold for $28.16 million

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Transformational real estate development tax credit bill sees big changes

4 Comments / Ken Prendergast / December 11, 2019

A proposed Transformational Mixed-Use Development (TMUD) tax credit pending before the state legislature was substantially amended today during a hearing of the Ohio House of Representatives’ Workforce & Economic Development Committee.

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Son of Seeds & Sprouts – Part I

Ken Prendergast / December 10, 2019

These news tidbits are too small for Seeds & Sprouts but are nonetheless important. They include the last two weeks of items that appeared in public records such as building permits, planning commission filings, real estate listings and similar but brief references showing definitive movement in Cleveland-area real estate.

Son of Seeds & Sprouts – Part I Read More »

Sherwin-Williams already spending big to put HQ at Public Square

2 Comments / Ken Prendergast / December 6, 2019

For more than a month now, real estate professionals have been watching the activity on the Jacobs Group/Weston Group-owned parking lots, located on the west side of Public Square. When asked what they think of it, their general response is “there’s definitely something going on there.”

Why?

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Chiclets gum factory apartments, townhouses get new owner

1 Comment / Ken Prendergast / December 4, 2019

A California-based real estate investor has purchased the Chicle Apartments and Chicle Townhomes from a local firm that renovated the former Chiclets gum factory and built the townhomes on Cleveland’s west side nearly 15 years ago.

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