A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Detroit Avenue in Lakewood is becoming a hot zone of multifamily developments. One project at the Steve Barry Buick site is well underway. Another, Lakewood Common, is just getting started. And two new developments are planned at sites where other, similar buildings were sought before.
Read MoreTwo more big Lakewood developments Read More »
For the sixth time this year, another large, multitenant retail center in Greater Cleveland has sold. JLL Capital Markets announced today that it arranged the $13.8 million sale of Fairview Centre, a 147,602-square-foot, grocery-anchored shopping center in Fairview Park.
Read MoreAnother Cleveland-area shopping center sold Read More »
At long last, construction crews are on location today to begin site preparation for the $115 million Downtown Lakewood mixed-use development called Lakewood Common. It’s a sign of progress that’s been pursued by two mayors and two different developers since the city-owned Lakewood Hospital was closed by Cleveland Clinic in 2016.
Read MoreDowntown Lakewood project starts Read More »
If you’ve noticed the Jack, Joseph and Morton Mandel Foundation’s name on some recent, significant investments in Cleveland’s St. Clair-Superior neighborhood, that’s not just because applicants from that area happened to submit some compelling grant requests at roughly the same time.
Read MoreSt. Clair-Superior is Mandel’s next big bet Read More »
Last night, in the hours before the Green Bay Packers hosted the Washington Commanders for a football game at historic Lambeau Field, fans did what they do everywhere else. They parked their cars, maybe did a little tailgate partying before walking to the stadium and paid a handsome price for the privilege.
Read MoreNew Browns’ Brook Park stadium to have among least parking in NFL Read More »
Plans for demolishing a city-owned health center in Cleveland’s Ohio City neighborhood and replacing it with 72 affordable senior apartments over offices plus community spaces got a warm reception today from the city’s Landmarks Commission.
Read MoreMcCafferty Center redo gets warm reception Read More »
More than $54 million in bonds were awarded today by the Port of Cleveland for three Cleveland real estate developments including a luxury downtown hotel and an Ohio City apartment complex.
Read MoreCleveland developments get $54M from Port Read More »
A large-scale sale-leaseback of 24 facilities in Ohio and Florida is underway, and it’s Greater Cleveland’s largest employer that’s initiating it. The sale-leaseback was sought by Cleveland Clinic, and the buyer is MedCraft HealthCare Real Estate. a suburban Minneapolis-based health care real estate company.
Read MoreCleveland Clinic sells, leases back 24 facilities Read More »
As they say in target practice, “pay attention to the background.” That’s also good advice to use when reviewing plans for major urban developments like Bedrock’s Riverfront Cleveland masterplan. But the plans, in this case renderings, opened the door to inquire about Bedrock’s vision for another downtown megaproject.
Read MoreBedrock teases new downtown towers Read More »
Legacy RHM Capital, a fully integrated real estate investment platform focused on acquiring, operating and enhancing institutional-quality multifamily properties, announced its formation through the strategic merger of Legacy Capital Partners and RHM Capital Group.
Read MoreNotable real estate investment firms merge Read More »
