Real Estate News – Page 14

Downtown Cleveland skyscraper sells cheap

Ken Prendergast / December 27, 2023

According to a well-placed source, Downtown Cleveland’s third-tallest skyscraper is under a purchase agreement from a New York City-based buyer. The 45-story Huntington Building, also known as 200 Public Square, has seen its share of challenges since the pandemic and the rise of remote working nearly four years ago as other office properties have. That is one reason why the building has reportedly sold for a vastly discounted rate.

Downtown Cleveland skyscraper sells cheap Read More »

Lowest unemployment rate in 23 years

Ken Prendergast / December 26, 2023

For many Greater Clevelanders, they had a merry Christmas thanks to one of the tightest job markets locally in more than two decades. According to preliminary data released late last week by the U.S. Bureau of Labor Statistics (BLS), the unemployment rate for the Cleveland-Elyria-Mentor metropolitan area was the lowest it has been since December 2000.

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Happy holidays to you!

Ken Prendergast / December 25, 2023

Merry Christmas and happy holidays to you and yours from NEOtrans.

Happy holidays to you! Read More »

Great Lakes Brewing move to Avon on tap?

Ken Prendergast / December 23, 2023

A Cleveland icon may not be in Cleveland much longer. Executives and owners of Great Lakes Brewing Company (GLBC) are debating a significant relocation of most of its operations out to west-suburban Avon in Lorain County. The 200-employee company has been headquartered and its beer products brewed in Cleveland’s Ohio City neighborhood since its founding 35 years ago. But Avon’s mayor said an announcement may be made about the potential new site “in the coming months.”

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Record Rendezvous building among historic renovation awards

Ken Prendergast / December 21, 2023

An historic building in Downtown Cleveland that housed Record Rendezvous, where the term “rock and roll” was reportedly first used to describe the genre, was awarded tax credits to aid in its restoration. It was among dozens of historic buildings across the state that were awarded credits today by the Ohio Department of Development.

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Brooklyn Masonic Hall gets new lease on life

Ken Prendergast / December 20, 2023

A Masonic rehabilitation has a different meaning in Cleveland’s Brooklyn Centre neighborhood these days. At 3804 Pearl Rd., it means the renovation and repurposing of a 25,536-square-foot Brooklyn Masonic Temple into 26 apartments over two ground-floor commercial spaces bracketing the building’s terrazzo-, marble- and wood-laden lobby.

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Three big county projects about to advance

Ken Prendergast / December 18, 2023

Fifteen years ago, when the Great Recession could let someone go bowling down East 9th Street without hitting anyone, three major construction projects were about to get started and provide the city of Cleveland with much-needed economic stimulus. Back then, construction of the new Huntington Convention Center, the Flats East Bank redevelopment, and the new Inner Belt highway bridges represented a total public works investment of nearly $1.5 billion.

Three big county projects about to advance Read More »

Oswald HQ moving to Flats East Bank

Ken Prendergast / December 15, 2023

Oswald Companies today announced that it has entered into a lease agreement to move its headquarters to a larger space at the former Ernst & Young tower on the East Bank of the Flats, a prominent fixture on the downtown skyline. Once all necessary approvals are received, the move will be completed in 2024 and plans include a name change to Oswald Tower.

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Cuyahoga County OK’s first microgrid utility in USA

Ken Prendergast / December 9, 2023

This week, Cuyahoga County has launched the first microgrid electrical utility in the United States. Cuyahoga Green Energy (CGE) has contracted with Compass Energy Platform to serve as the operator for the county-run utility.

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BrandMuscle opens new Cleveland hub

Ken Prendergast / December 8, 2023

The bad news is that a Downtown Cleveland employer has reduced its office footprint. The good news is the company, BrandMuscle, a mid-sized marketing technology firm, opened a new office yesterday downtown. The better news is that BrandMuscle kept Cleveland as one of its two remaining office hubs along with Chicago, while closing other offices in Austin, TX and Kansas City, MO after switching to a largely remote-work culture.

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