Commercial Real Estate News – Page 2

Progress Pics: Cleveland Clinic advances on largest-ever building

Harrison Whittaker / November 17, 2025

The Cleveland Clinic is pushing closer to completion on a collection of new facilities across three different buildings. On Carnegie Ave between East 89th and 90th Streets, the one million square foot Neurological Institute has topped out with façade work nearly complete. Meanwhile, two medical research buildings at Cedar Avenue and East 100th Street have reached a similar stage of construction at the Cleveland Innovation District.

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Downtown AC Hotel construction to start

Ken Prendergast / November 14, 2025

Euclid Ave entry closed amid construction Condominium owners and other tenants of the historic New England Building, 629 Euclid Ave., got word this week that renovations will start soon to convert just over half of the building from a Holiday Inn Express into an AC Hotel by Marriott. This will be the first AC Hotel

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Progress Pics: Lakewood Common fills ‘The Pit’

Harrison Whittaker / November 13, 2025

Though the $119 million Lakewood Common project celebrated its groundbreaking in late September, the former Lakewood Hospital site has remained dormant for more than a month. Finally, construction crews have begun to clear the site—a large, sunken plot known by locals as “The Pit”—to make way for a new mixed-use development.

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Tech firm expands in Downtown Cleveland

Ken Prendergast / November 12, 2025

Growing technology company NE2NE today announced the opening of its new headquarters in the historic Caxton Building, 812 Huron Rd., in Downtown Cleveland. This move marks a significant milestone in the young company’s journey and a renewed commitment to fostering community and innovation in its hometown.

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Greater Cleveland Sports Hall of Fame and Museum gets new home

Ken Prendergast / November 11, 2025

After more than a year of construction, the Urban Community School today announced that it is scheduled to open the Roundstone Athletic Center (RAC) with a ceremony at 9:30 a.m. Nov. 21.

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River Recycling plant to be rebuilt

Ken Prendergast / November 10, 2025

A start-from-scratch rebuilding project was launched today following a late-September fire at River Recycling Industries, Inc., 4195 Bradley Rd., in Cleveland’s Old Brooklyn neighborhood. The fire ignited multiple rounds of live bullets that were among spent casings to be recycled along with a propane tank that exploded.

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Progress Pics: Ohio City adding hundreds of homes

Harrison Whittaker / November 9, 2025

High construction costs, tariff uncertainties, and changes to city tax abatement policy have brewed skepticism that current development momentum can continue—especially in urban neighborhoods like Ohio City. So one might be surprised to walk around the block and find hundreds of new homes actively under construction.

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Ambitious Metroparks riverfront plans to progress

Ian McDaniel / November 9, 2025

There’s no slowing down the Cleveland Metroparks next year — at least according to updates recently shared with the public. Several projects are under way or proposed that will drastically change the downtown Cleveland riverfront over the next five years. New details and lingering questions paint a picture of what comes next for the Cuyahoga River.

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Wade Park Station wins final OK

Ken Prendergast / November 7, 2025

A Central Ohio developer was awarded millions of dollars worth of tax credits based a conceptual plan for a senior apartment complex called Wade Park Station, located where Cleveland’s University Circle and Glenville neighborhoods meet East Cleveland.

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County to spend $865K on new HHS offices

Ken Prendergast / November 6, 2025

While Cuyahoga County officials contemplate how to address a $20+ million budget shortfall in each of the next two years, the county and its real estate contractors are planning to spend $865,000 to renovate office space at the former Plain Dealer (PD) Plaza, 1801 Superior Ave. in Downtown Cleveland.

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