Commercial Real Estate News – Page 17

Big-name downtown tenants are on the move

Ken Prendergast / September 18, 2023

Several major downtown Cleveland tenants are in the market for new homes and where they land could shake up the office market in the central business district. The moves come at a time when many companies are shrinking their office footprints and downtown office building owners are fighting to keep what tenants they have. Interestingly, several major tenants that are on the move are looking for larger space than what they have now.

Big-name downtown tenants are on the move Read More »

Surprising sites emerge for Courthouse Tower

Ken Prendergast / September 15, 2023

A few notable developers are reportedly offering several prominent, if not surprising downtown properties as options to host what will be a nearly 900,000-square-foot Cuyahoga County Courthouse Consolidation project. The square footage, not including parking which will be extra, represents specialty office space that property owners are desperately trying to fill in this post-pandemic real estate market. The sheer size of the courthouse consolidation project may create a competition that bears watching.

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NEOtrans partners with Cleveland Magazine

Ken Prendergast / September 7, 2023

You’ve probably noticed this Cleveland Magazine logo and tag atop our articles in the past week. You’ll be seeing more of them. NEOtrans is excited to announce a new partnership with Cleveland Magazine, one of Greater Cleveland’s most important resources for the latest news on what’s happening around town in business, restaurants, government and from news-making people. It’s an opportunity for both organizations to tap into and share the latest news from veteran journalist and NEOtrans founder Ken Prendergast.

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ReadySet Surgical moves HQ to Cleveland

Ken Prendergast / September 1, 2023

ReadySet Surgical Inc., a young, fast-growing company that provides supply chain management software and cloud-based platforms to hospital systems has relocated its headquarters to Cleveland from Cincinnati, according to two different sources.

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For sale: The Justice Center

Ken Prendergast / August 18, 2023

All five above-ground buildings in downtown’s Justice Center complex, plus a below-ground parking garage, are being offered for sale by Cuyahoga County as a result of other efforts that could partially or completely vacate the entire 2-million-square-foot facility. The sale includes a three-year leaseback with four additional one-year renewal options so the county and city of Cleveland will have time to carry out those vacating efforts. No sale price was listed for the property but if you have to ask, you probably can’t afford it anyway.

For sale: The Justice Center Read More »

Would Cliffs + USS = a new tower?

Ken Prendergast / August 15, 2023

Three years ago, when Cleveland-Cliffs made some big moves, NEOtrans asked the question. Three years later, we’re asking it again. If Cliffs is able to acquire rival United States Steel (USS), as recently proposed, what impact might this have on the combined company’s headquarters situation?

Would Cliffs + USS = a new tower? Read More »

Cleveland Thermal target of acquisition

Ken Prendergast / August 11, 2023

As Dan Gilbert’s real estate firm gets ready to roll out the details of phase one of its riverfront development, a neighboring fixture on the banks of the Cuyahoga River since 1894 may not be around much longer. The long-closed Cleveland Thermal steam heating plant, 2274 Canal Rd., along with possibly other properties of Cleveland Thermal Generation LLC are in the process of being acquired, according to a real estate source.

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Bedrock to start riverfront work

Ken Prendergast / August 4, 2023

A company owned by billionaire Dan Gilbert has secured a permit from the U.S. Army Corps of Engineers for the reconstruction of bulkheads along the edge of the Cuyahoga River, a federal navigation channel. The approved work will be one of the first tangible pieces of Detroit-based Bedrock Real Estate’s huge Cleveland Riverfront Development Project.

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Seeds & Sprouts 31 – Oliva Steakhouse on downtown’s menu; Starting Point center opening at Link59; Lido Lounge stripped by George, BofA

Ken Prendergast / August 1, 2023

While Oliva Steakhouse is due to open by the end of the year in downtown’s Warehouse District, and Starting Point child development agency is opening at Link59 in Midtown, old Lido Lounge in Westown is due to be replaced by a Bank of America branch.

Seeds & Sprouts 31 – Oliva Steakhouse on downtown’s menu; Starting Point center opening at Link59; Lido Lounge stripped by George, BofA Read More »

Progressive’s office spaces to be slashed

Ken Prendergast / July 26, 2023

All Progressive Insurance employees received a notice this morning announcing that, due to remote working, the company would be slashing the square footage of active office spaces and attempt to sell or lease those it will no longer occupy. As a result, about 850 employees who continue to work in the office will be consolidated into the company’s Campus 2, 300 North Commons Blvd. It will also move the corporate headquarters from Campus 1, 6300 Wilson Mills Rd., but remain in Mayfield Village.

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