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Real Estate News
Data-rich and deep analytical information about Greater Cleveland real estate news
Great Lakes Brewing move to Avon on tap?
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
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
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
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.
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Oswald HQ moving to Flats East Bank
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
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
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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Cabinet-maker MasterBrand to move HQ to Beachwood
A newly independent corporation with 13,600 employees company-wide in more than 20 manufacturing facilities and offices is relocating its headquarters to Greater Cleveland — specifically, Beachwood. While a 26-year-old, three-story office building at 3300 Enterprise Parkway will be its new corporate headquarters, MasterBrand’s operations center will remain in Jasper, Indiana along with a production facility and training center.
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Sherwin-Williams to move Valspar to Greater Cleveland
Within the next few years, Sherwin-Williams reportedly intends to relocate most, if not all of Valspar’s headquarters and research jobs, or up to 700 employees, from Minneapolis to Greater Cleveland, according to a highly placed source. Global coatings giant Sherwin-Williams acquired its former rival in 2017 for $11 billion, setting off a remarkable growth trajectory for both companies. That is resulting in the construction of a Downtown Cleveland office skyscraper, the gobbling up of more existing office space downtown, a new suburban research center and the start of planning for significant additional downtown office space.
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