A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Four decades after the venerable Warner & Swasey factory in Cleveland’s Midtown neighborhood closed, good things appear to finally be coming together for a rebirth of the 3-acre site.
Read MorePennrose acquires Warner & Swasey site Read More »
As Higley Construction, formerly known as The Albert M. Higley Co., celebrates its 100th year, the company today announced its transition to an Employee Stock Ownership Plan (ESOP) — officially becoming a 100 percent employee-owned company.
Read MoreHigley becomes 100% employee owned Read More »
Next year will be the 20th anniversary of the Target store at West 117th Street and Interstate 90 in Cleveland’s Westown neighborhood. And after two decades of pretty heavy foot traffic, it needs a freshening up.
Read MoreWest Cleveland Target store to be rehabbed Read More »
Plans were submitted to the city yesterday for the latest conversion of an aging, post-war office building near the intersection of Euclid Avenue and East 30th Street. But the proposed conversion at 2728 Euclid Ave. may come at a bargain price.
Read MoreCity View Lofts planned on Euclid Ave. Read More »
A planned development of affordable, for-rent townhomes announced nearly two years ago is back with a slightly revised plan and a request for public financial assistance to build the townhome community.
Read MorePlans for new Cleveland community revived Read More »
Last week, NEOtrans was first to report that site preparation work was getting underway for the Lakewood Common redevelopment of the former Lakewood Hospital site. This week, we can report that the official groundbreaking ceremony is now scheduled.
Read MoreIt’s official: Lakewood Common groundbreaking ceremony is Thursday Read More »
Detroit Avenue in Lakewood is becoming a hot zone of multifamily developments. One project at the Steve Barry Buick site is well underway. Another, Lakewood Common, is just getting started. And two new developments are planned at sites where other, similar buildings were sought before.
Read MoreTwo more big Lakewood developments Read More »
For the sixth time this year, another large, multitenant retail center in Greater Cleveland has sold. JLL Capital Markets announced today that it arranged the $13.8 million sale of Fairview Centre, a 147,602-square-foot, grocery-anchored shopping center in Fairview Park.
Read MoreAnother Cleveland-area shopping center sold Read More »
At long last, construction crews are on location today to begin site preparation for the $115 million Downtown Lakewood mixed-use development called Lakewood Common. It’s a sign of progress that’s been pursued by two mayors and two different developers since the city-owned Lakewood Hospital was closed by Cleveland Clinic in 2016.
Read MoreDowntown Lakewood project starts Read More »
If you’ve noticed the Jack, Joseph and Morton Mandel Foundation’s name on some recent, significant investments in Cleveland’s St. Clair-Superior neighborhood, that’s not just because applicants from that area happened to submit some compelling grant requests at roughly the same time.
Read MoreSt. Clair-Superior is Mandel’s next big bet Read More »
