NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Although the occupancy of Sherwin-Williams’ new 1-million-square-foot headquarters downtown has caused a brief boost to Greater Cleveland’s office market, a new report showed that longer-term, structural changes to the market are causing it to return to more pre-pandemic conditions.
Read MoreSherwin-Williams HQ boosts office market Read More »
As the new year opens to a snowy start, a flurry of local construction activity is bringing four ongoing senior apartment projects totaling over 200 units closer to completion. A fifth, the 55-unit Hough Senior Living, has started site preparation after closing on financing.
Read MoreFive affordable senior housing developments emerge across Cleveland Read More »
Ownerships of a total of 177 apartments spread among nine buildings clustered together in two locations on the east and west sides of Cleveland are about to transfer to out-of-state buyers, public records show. While it’s too early to say what that may mean for the futures of those properties and their neighborhoods, they bear watching.
Read MoreTwo buyers getting nine apartment buildings Read More »
In less than one week, NEOtrans has shared news of multiple significant developments in Hough making progress with a fifth project now moving forward. But the West side need not feel left out, as Cleveland-based CHN Housing Partners announced a west-side project closed its financing this week, too.
Read MoreHough, Stockyards apartments’ financing closes Read More »
Expansion of the Cleveland Clinic’s Main Campus Emergency Department and the addition of its new Neurological Institute may help Greater Cleveland gain its third Level 1 trauma center as early as 2028 and relieve pressure on the region’s existing Level 1 centers. But not everyone agrees to the need.
Read MoreCleveland Clinic plans Level 1 trauma center Read More »
Last year, Cleveland-based Reese Pharmaceutical rebooted its business and changed its name to Reese Consumer Health. Next year, the company plans to change its headquarters-production location. And in subsequent years, it hopes those efforts will expand its business and add new jobs.
Read MoreReese Consumer Health seeks Opportunity Read More »
The Cleveland Foundation says it wants to do for East 71st Street at Euclid Avenue what it has done for East 66th Street — transform it. From the foundation’s perspective, that requires demolishing a structure from the city’s industrial past. And the Cleveland Foundation will reveal this Friday a vision of that next transformation.
Read MoreDeveloper ID’d for Euclid Avenue project Read More »
Each new year is a chance to start anew, and three major projects along Chester Avenue in Cleveland’s Hough neighborhood are taking that opportunity by starting construction. But none is bigger than a project that’s been 20 years in the making.
Read MoreMore new stuff for Cleveland’s Hough Read More »
For a transit agency facing upcoming budget deficits in 2026, the Greater Cleveland Regional Transit Authority (GCRTA) struck a hopeful tone at the first committee meeting of the year. But due to rising costs of healthcare and static ridership numbers, others are sounding the alarm for immediate change to avoid collapse.
Read MoreNew strategic plan in the works for GCRTA Read More »
Among 45 U.S. cities with urban rail transit systems, Greater Cleveland has the nation’s the oldest train fleet. The first tangible evidence of that changing will arrive in June when the Greater Cleveland Regional Transit Authority (GCRTA) is expected to receive its first new rapid transit railcars since 1985.
Read MoreGCRTA’s new trains’ arrival schedule Read More »
