Cleveland Suburbs

NEOtrans business, development, real estate, construction and market trend news about Cleveland Suburbs

At best, federal funds for major projects on hold

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Millions, if not hundreds of millions of federal tax dollars awarded to local infrastructure and energy projects may be at risk from a 90-day funding freeze and review mandated earlier this week by the new Trump Administration. That possibility was raised today at the first board meeting of the year for Greater Cleveland’s metropolitan planning organization (MPO) which distributes federal funds to transportation and air quality programs.

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2025’s return to the office? It started in 2024

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Although a variety of four-letter words have frequently been used to describe the office market since the pandemic, there’s a new one being uttered lately — “hope.” That word made its appearance in the latest Cleveland office market report by Newmark, one of the industry’s most respected collectors and analysts of real estate inventory market data.

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Moen moving its HQ to Chicagoland

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Faucet and fixture maker Moen Inc. is relocating is corporate headquarters from the western Cleveland suburb of North Olmsted to the northern Chicago suburb of Deerfield, IL by the summer of 2026, according to a press release and affected employees. It is not known how many of Moen’s 600-plus HQ employees are making the move but it appears that a significant number of them will.

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CSX makes CVSR downtown extension infeasible

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Except for one brief instruction, property-owning freight railroad CSX Transportation didn’t participate in a feasibility study for extending the Cuyahoga Valley Scenic Railroad’s (CVSR) passenger trains into Downtown Cleveland. But that instruction, described as “a gold-plated” request, forced the study team to conclude that the CVSR extension would not be feasible — for now.

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GCRTA to upgrade 22 Shaker Hts rail stations

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When the Greater Cleveland Regional Transit Authority’s (GCRTA) new trains enter service in the next few years, they will be picking up and dropping off riders at more attractive and user-friendly stations in Shaker Heights. That’s due to a $2 million program to enhance station amenities at all 22 stations in this eastern suburb that was built around its two light-rail lines, the Blue and Green lines.

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Browns move a step closer to Brook Park

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The owners of the Cleveland Browns football team have completed the next part in the process toward building a new enclosed stadium in suburban Brook Park, officially executing a clause in a land purchase agreement to acquire the site. The site at 18300 Snow Rd. in the Cleveland suburb will not only house the new Huntington Bank Field enclosed stadium, but also a planned, adjacent mixed-use development.

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2025 is the year Cleveland returns to the office

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For better or worse, for richer or poorer, many of us are about to rediscover our relationship with the office. Some of us never left. Others left and aren’t coming back. But an increasing number of Americans and Greater Clevelanders will be coming back to the office in 2025, for the first time since the COVID-19 pandemic caused employers to dabble with remote or hybrid working.

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