Commercial Real Estate News

A brief summary of the most relevant and major commercial real estate news in Greater Cleveland

Failed I-X Center deal, new Browns stadium put convention, trade-show biz in flux

To say that Greater Cleveland’s convention and visitors business is in a state of flux right now would be an understatement. Two new developments have put it there — the failure of a pending deal to redevelop the I-X Center for a new tenant plus the design and marketing of the new Huntington Bank Field as a competitive event venue.

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SoLo developments rebuild Ohio City housing stock

While revitalization efforts since the 1990s have transformed Cleveland’s Ohio City into a vibrant urban destination, the demolition of vacant, abandoned, and fire damaged homes has scarred some blocks with empty lots. Construction of new “infill” development in the SoLo (South of Lorain) neighborhood is restoring the south side of Ohio City to its former glory — and in theory, creating an immediate source of property tax revenue.

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