News Category

**UPDATED Dec. 7, 2019**

In case you missed the major-league news, and if you rely on Cleveland local news media you probably did, but another Fortune 500 company will establish its corporate headquarters in downtown Cleveland.

Today, Cleveland-Cliffs Inc. announced it will be acquiring AK Steel Holding Corp. for $1.1 billion in an all-stock deal. In terms of revenues, the minnow just swallowed the whale. Cliffs generated about $2.12 billion in net revenue in 2018 whereas AK generated $6.08 billion.

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For the fourth straight week, work crews were laboring amid the 7.93 acres of parking lots owned by the Jacobs and Weston groups in downtown Cleveland’s Warehouse District. This is the site that sources say is Sherwin-Williams’ (SHW) favored site for building its massive new headquarters plus research and development (HQ+R&D) facilities.

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Public Square is a fascinating mix of old and new, small and tall buildings.
It’s oldest building is also the oldest still standing in downtown Cleveland — the Old Stone Church. It dates from 1855 although its Presbyterian congregation goes back to 1820 when locals still thought of themselves and their land as a part of Connecticut.

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There’s a lot more data to be refined and opinions to be weighed, but a preliminary report on Cuyahoga County’s Justice Center shows that constructing a new downtown courthouse tower and a multi-acre jail campus outside of downtown might be the most beneficial and, yes, affordable option for the county.

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Sherwin-Williams’ (SHW) top executives are urging department heads to consolidate as many activities and jobs as possible from around the world into its new headquarters and research facilities.

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Twelve certificates of disclosure were filed Nov. 15 with the City of Cleveland’s Building Department by an unidentified buyer that is ultimately seeking to acquire all 5.65 acres of Weston Group-owned properties in the “Superblock” west of downtown Cleveland’s Public Square.

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