NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Three sources confirm that a deal for Sherwin-Williams’ (SHW) favored site in Cleveland for a consolidated research and development (R&D) facility is dead. Now, the question is where will the facility staffed by about 1,000 scientists, engineers and researchers land?
Read MoreCleveland & Brecksville vie for Sherwin-Williams R&D after deal dies Read More »
The creation of two jobs can change a region in a significant way. Cases in point are two medically related positions — one that was just filled and the other that was recently advertised.
Yesterday, Cleveland State University (CSU) hired a new employee that will probably be a game changer for Cleveland and Northeast Ohio. It could ultimately lead to thousands of new jobs. Yes, thousands.
Read MoreTwo new jobs that could change Cleveland’s landscape forever Read More »
In an old, post-industrial city like Cleveland, toxins from its manufacturing past exist below the surface and slow the city’s efforts to revitalize. The latest project affected is Sherwin-Williams (SHW) proposed site for its new, consolidated research facilities.
Read MoreCleveland’s industrial past may shun Sherwin-Williams R&D; but HQ is safe Read More »
The Michigan-based chain of City Club Apartments has acquired enough capital to move forward with a proposed 23-story apartment tower at 720 Euclid Ave. in downtown Cleveland. It would be the third new-construction apartment tower to rise on Euclid Avenue downtown since 2018.
Read MoreAnother residential tower continues Euclid Avenue’s boom Read More »
According to multiple sources, Sherwin-Williams (SHW) has made its decision on where to build its billion-dollar new headquarters buildings and new research & development facilities. The same sources, who spoke off the record because they were not authorized to speak publicly yet, said the announcement of the locations will be made in two weeks.
Read MoreSherwin-Williams picks Cleveland sites for HQ, R&D facilities; announcement “imminent” Read More »
Like a traffic cop directing traffic at a downtown intersection, two interest groups have reportedly given Mayor Frank Jackson’s administration the stop hand and a whistle for going the wrong way with its proposed new Cleveland Police Department (CPD) headquarters (HQ).
Read MoreCity gets pushback on police HQ in Opportunity Corridor Read More »
If you wanted a shiny new Sherwin-Williams (SHW) headquarters plus a research and development (HQ+R&D) facility in your Cleveland-area stocking by Christmas morning, you’re probably going to be disappointed. But don’t expect a lump of coal either.
Read MoreSherwin-Williams HQ competition heats up, delays announcement Read More »
Downtown Cleveland’s Hilton Garden Inn, 1100 Carnegie Ave., sold on Dec. 9 to a New York City-based real estate investment trust that specializes in owning Marriott- and Hilton-branded hotels.
The 11-story, 240-room hotel, its adjoining Gateway Conference Center and the 2.85 acres on which the complex sets was sold for $28.16 million
Downtown Cleveland hotel sells to NY-based REIT Read More »
For more than a month now, real estate professionals have been watching the activity on the Jacobs Group/Weston Group-owned parking lots, located on the west side of Public Square. When asked what they think of it, their general response is “there’s definitely something going on there.”
Why?
Read MoreSherwin-Williams already spending big to put HQ at Public Square Read More »
**UPDATED Dec. 7, 2019**
In case you missed the major-league news, and if you rely on Cleveland local news media you probably did, but another Fortune 500 company will establish its corporate headquarters in downtown Cleveland.
Today, Cleveland-Cliffs Inc. announced it will be acquiring AK Steel Holding Corp. for $1.1 billion in an all-stock deal. In terms of revenues, the minnow just swallowed the whale. Cliffs generated about $2.12 billion in net revenue in 2018 whereas AK generated $6.08 billion.
Read MoreFortune 500 company to establish HQ in downtown Cleveland Read More »
