A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Detailed plans for a proposed conference and classroom facility at University Hospitals’ (UH) Cleveland Medical Center were unveiled today and won preliminary approval from the City Planning Commission. But considering the commission’s compliments about the project, it would be a surprise if the commission didn’t give the project final approval in the coming weeks.
Read MoreUH Wolstein Center design applauded Read More »
A spokesman for the owner of the Cleveland Browns, the Haslam Sports Group (HSG), told NEOtrans that they have sent a letter today to Cuyahoga County Executive Chris Ronayne stating they will move forward without the county’s support, and saying they believe building an enclosed stadium in Brook Park is the only long-term stadium solution for the region.
Read MoreHaslams: stadium project to advance without county Read More »
Once again, we’re breaking the news on a pending real estate deal for a Cleveland-area sports stadium. But, unlike the deal by owners of a certain American football team for 176 acres in Brook Park, this stadium site and purpose were already well known.
Read MoreSoccer stadium backers seek another property Read More »
The Cleveland Metroparks and its partners today broke ground on the Patrick S. Parker Community Sailing Center, a world-class community center coming to the East 55th Street Marina in Cleveland. When complete in 2026, the center’s two new structures will comprise the first community sailing center of its kind along Lake Erie in Ohio, offering stunning views of the Downtown Cleveland skyline and Lake Erie sunsets.
Read MoreMetroparks breaks ground on Parker Sailing Center Read More »
Out goes the Hulett Hotel proposal. In comes a couple of redevelopment projects intended to reinvigorate the north end of West 25th Street in Cleveland’s Ohio City neighborhood, dubbed Hingetown. It is one of the last sections of West 25th in Ohio City whose historic buildings have yet to be renovated and redeveloped. All it took was a $110 million hillside-public park project across the street to help seal the deal.
Read MoreOhio City’s north end of W. 25th to get refresh Read More »
It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz Branch Library topped by Karam Senior Living apartments.
Read MoreWalz Library-Karam Senior Living gets city OK Read More »
The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.
Read MoreGSA confirms Celebrezze Federal Building to be sold Read More »
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.
Read MoreOffice leasing cools in first quarter of 2025 Read More »
Cuyahoga County Executive Chris Ronayne has submitted a request for $350 million in state bonds to fund the renovation of the existing, city-owned Huntington Bank Field on Downtown Cleveland’s lakefront. He says it is a fair, affordable request that’s on par with what Cincinnati is seeking to rebuild its own existing football stadium.
Read MoreRonayne seeks $350M to renovate lakefront stadium Read More »
Two memos dropped today from two branches of state government, both urging caution when considering the Haslam Sports Group’s (HSG) economic impact projections from its proposed enclosed stadium and supportive development in suburban Brook Park. But HSG shot back, calling the reports “questionable” and “inaccurate.”
Read MoreHaslam chides state memos on Brook Park stadium Read More »
