Northeast Ohio’s transition away from a manufacturing-based economy continues as the first tenant is revealed for the former Ford Motor Co. engine and casting plants in the Cleveland suburb of Brook Park. That tenant, according to two sources familiar with the redevelopment, is e-commerce giant Amazon.Read More
NEOtrans business, development, real estate, construction and market trend news about Cleveland Suburbs
State lawmakers overwhelmingly passed a compromise two-year budget bill tonight that included a provision to double the dollar amount and duration of a new tax credit program to boost real estate megaprojects in Ohio’s largest urbanized areas.Read More
Cleveland-Cliffs’ logo may not be on the façade of 200 Public Square in downtown Cleveland for much longer. In several years, the HQ of the Fortune 500 firm will reportedly be elsewhere. But where? And will it be in a new or existing building?Read More
Today, iHeartMedia Cleveland announced plans to move their regional office to downtown Cleveland. The new location will be at 668 Euclid Ave. and will include a 10-year agreement lease with K&D Group.Read More
For the second time this month, there is news that a company is relocating office jobs from the suburbs to downtown Cleveland. Earlier this month, NEOtrans broke the news that digital marketer Fathom will relocate its headquarters and about 100 jobs from Valley View to the West Bank of the Flats.Read More
CLEVELAND, February 6, 2020 The Sherwin-Williams Company (NYSE: SHW) today announces it is finalizing plans to build a new global headquarters in downtown Cleveland and a new R&D center in the Cleveland suburb of Brecksville. The plans follow an extensive competitive site selection processand are contingent upon completion of standard due diligence, approvals of incentives and other matters at the state, county and city levels, and resolution of business and legal matters that accompany such major real estate investment projectsRead More
Tomorrow Sherwin-Williams (SHW) will announce that its new, consolidated headquarters facility will be built on parking lots owned by the Jacobs and Weston groups west of Public Square, according to several sources.Read More
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 More
UPDATE: Sherwin-Williams isn’t commenting on this story and, after it was published, an internal e-mail was sent to company managers and department heads advising them to not comment if any media asks about the company moving its headquarters/research and development activities to new facilities.
It appears the stakes couldn’t be higher for the City of Cleveland as global coatings giant Sherwin-Williams Co. (SHW) prepares to issue a request for proposals from development teams seeking to build a massive new headquarters and research facility.