Data-rich and deep analytical information about Greater Cleveland real estate news
The Albert M. Higley Co., a Cleveland-based provider of construction contracting services since 1925, announced today it has merged operations with T. Allen Incorporated of Berea. The parties said that they consider this to be a strategic union which marks a pivotal moment, consolidating two esteemed companies into a formidable force within the carpentry industry.
Read MoreCleveland, Berea construction firms unite Read More »
Turns out the sale of a large Cleveland lakefront property could be good news for a more livable shoreline, after all. The 62-acre former Lake Shore Power Station site just east of Downtown Cleveland, along with the 167-acre Eastlake power plant property and another in Oregon, OH near Toledo were sold last month by Energy Harbor Generation LLC of Akron to a firm that specializes in cleaning up and redeveloping former coal-fired power plant sites.
Read MoreOne of Cleveland’s largest lakefront sites is now in play Read More »
Back when Cleveland was an industrial powerhouse, few wanted to live near its dirty, noisy industries. Today, its largest source of employment is the education and health services sector — a cleaner industry to which it’s attractive to live within a short walk or bike ride. It is centered in and near University Circle, surrounded by long-neglected neighborhoods. But investment has been coming into those places — Hough, Fairfax, Glenville, Cleveland Heights’ Top of the Hill, and East Cleveland’s Circle East — bolstering them as neighborhoods of choice.
Read MoreCleveland development: what to look for in 2024 — University Circle Read More »
For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.
Read MoreCleveland development: what to look for in 2024 — Downtown Read More »
It seemed too good to be true, and alas, it was. Title to a large, mostly vacant property for the former Lake Shore Power Station, 6800 S. Marginal Rd., in Cleveland, is being transferred to a new owner. The 62-acre site is across Interstate 90 from the bulk of Cleveland Metroparks’ lakefront improvements. But it’s not the Metroparks, the city or even a developer seeking to add recreation, housing or a mix thereof next to Lake Erie.
Read MoreCleveland Lake Shore Power Plant land gets new owner Read More »
Feedspot, an international news aggregator, ranked NEOtrans in the top 10 of Ohio real estate news blogs. Feedspot compiles news feeds from online sources so users from all over the world can customize and share them with other social network users.
Read MoreAmong Ohio real estate blogs, NEOtrans in top 10 Read More »
In a statement issued today by Great Lakes Brewing Company (GLBC), their chief executive officer confirmed NEOtrans’ report from last week that it is considering relocating its production facilities from Cleveland’s Ohio City neighborhood and packaging facility in Strongsville to a site in Avon. The press statement also confirmed it hasn’t ruled out continuing with its plans to relocate them to Scranton Peninsula in Cleveland’s Flats. And it will retain its Ohio City brewpub and gift shop. More than 200 jobs are involved among all of GLBC’s facilities.
Read MoreGreat Lakes Brewing confirms relocation options Read More »
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.
Read MoreDowntown Cleveland skyscraper sells cheap Read More »
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.
Read MoreLowest unemployment rate in 23 years Read More »
Merry Christmas and happy holidays to you and yours from NEOtrans.
Read MoreHappy holidays to you! Read More »
