Commercial Real Estate News – Page 16

Oracle/Cerner to open Cleveland training center

Ken Prendergast / February 10, 2023

Cerner Corp., a healthcare division of software giant Oracle, is planning to open a training center at 3121 Euclid Ave. near downtown Cleveland that could accommodate hundreds of people in classrooms simultaneously. The proposed training center speaks to Oracle/Cerner’s growing presence in Greater Cleveland and the addition of another major healthcare employer to the region’s economy.

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Downtown’s next high-rise to turn residential

Ken Prendergast / February 2, 2023

Downtown Cleveland’s next office-to-residential conversion project appears to be in the works. But this one might not be a total changeover to a new use. Ohio Savings Plaza, with more than a half-million square feet divided among two buildings has something big going for it — it’s half-filled with office tenants. Or, half-empty if you’re a pessimist.

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Why the LaSalle Theater is for sale

Ken Prendergast / January 31, 2023

Earlier this month, NEOtrans broke the story that a Collinwood landmark, the LaSalle Theater, 823 E. 185th St., had hit the market after 14 years of ownership by the Northeast Shores Development Corporation (NSDC). But with the building stabilized and the NSDC ending its service to the Cleveland neighborhood, officials from the community development corporation said it was time to sell.

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Sterle’s to be demolished

Ken Prendergast / January 25, 2023

If the demolition permit application filed Jan. 20 with the city wasn’t enough of an indication, the heavy equipment in the parking lot of Frank Sterle’s Slovenian Country House is.

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Commission OKs Tremont rezoning

Ken Prendergast / January 21, 2023

A nearly 25-acre area of land on a hillside at the north end of Tremont was recommended for rezoning by the City Planning Commission yesterday to allow more development closer to the Cuyahoga River. But the rezoning, primarily from general industry to general retail to accommodate new residential, neighborhood shops and restaurants, was opposed by the industries currently using those properties. Planning commission members responded that the rezoning allows existing uses to continue and that the rezoning is consistent with the city’s land use plans, namely its Vision For The Valley.

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Sherwin-Williams seeks “strategic developments” at HQ

Ken Prendergast / January 17, 2023

When Sherwin-Williams (SHW) finalized a deal last month with Florida-based Benderson Realty Development Co. to buy a big stake in its new global headquarters, the conversations reportedly began with different intentions. According to sources who spoke on the condition of anonymity, those intentions were both more modest and more grand, depending on how one looks it, and could play out further over the coming year.

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Treatment center to vacate St. Mary’s Seminary

Ken Prendergast / January 10, 2023

It’s a place where few women wanted to go. And after their experiences at the Hitchcock Center for Women, many say they never wanted to leave. While each person tends to enter the center facing an abyss wrought by addiction, many leave feeling loved and hopeful. The Hitchock Center hopes their new home will be able to provide at least as much care as the old.

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Bedrock buys Gateway megaproject site

Ken Prendergast / January 6, 2023

Bedrock and Stark Enterprises today officially announced the acquisition and sale of the former nuCLEus development site, adding 3.17 acres to Bedrock’s growing downtown Cleveland development portfolio. Situated at the intersection of East 4th Street, Prospect Avenue and Huron Road, the site is comprised of a large surface parking lot, a parking garage, and a two-story retail building containing Mr. Albert’s Men’s World.

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Dog daycare chain eyeing downtown

Ken Prendergast / December 15, 2022

A national dog daycare chain is eyeballing the Greater Cleveland area and may start by planting its flag in downtown Cleveland. Dogtopia franchisee and self-described dog lover Alex Mazzenga of Cleveland Heights is seeking to open a dog daycare business at the City Club Apartments, 776 Euclid Ave, according to a building permit application filed with the city this week. The investment necessary to build out the space, estimated by the permit at up to $1 million, shows there’s some serious puppy love involved.

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Odeon, 3 other Flats parcels sold to developer

Ken Prendergast / December 13, 2022

The Odeon concert club, 1295 Old River Rd., was among four contiguous parcels on Cleveland’s Flats East Bank that were sold last week to Cleveland-based GBX Group, a real estate development financier which specializes in structuring financing for historic rehabilitation projects. However, when contacted by NEOtrans, a GBX representative said their plans for the site would not be officially announced for at least two months.

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