NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
In a groundbreaking move for the commercial space sector, Blue Abyss has signed a Space Act Agreement with NASA’s Glenn Research Center. This collaboration aims to accelerate advancements in commercial space training, research, and infrastructure development, further positioning Blue Abyss as a key player in the global space industry.
Read MoreBlue Abyss inks deal with NASA Glenn Read More »
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.
Read More2025’s return to the office? It started in 2024 Read More »
The City of Bedford has reached a settlement agreement with University Hospitals (UH) that includes the transfer of the former Bedford Hospital site and surrounding properties to the city and a $2.1 million payment. This settlement ends a two-and-a-half year legal dispute stemming from UH’s controversial August 2022 hospital closure.
Read MoreBedford, UH reach settlement over hospital site Read More »
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.
Read MoreMoen moving its HQ to Chicagoland Read More »
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.
Read MoreCSX makes CVSR downtown extension infeasible Read More »
Developer has no immediate plans for site Passersby took note of a new sign that has gone up this week on the old Singer Steel building, 2100 Random Rd. in Cleveland’s Little Italy. The sign is for an active local developer named TurnDev of Beachwood, leading those passersby to wonder what’s next for the former
Read MoreLittle Italy’s Singer Steel has new owner Read More »
Customers who have accounts at Flagstar Bank’s Downtown Cleveland branch received letters this week saying that the branch will be closing at the end of March and that all accounts will be moving to Flagstar’s Ohio City branch. But the $2.6 billion question is: why?
Read MoreDowntown Flagstar Bank closing; What does it mean? Read More »
Since the 1930s, the massive Grain Craft silos have been a familiar sight along the Cuyahoga River, on the Flats’ Columbus Road peninsula. But they may not be around much longer if a planned application for demolition and clean-up funds by the Cleveland Metroparks is successful.
Read MoreMetroparks seeks funds to demolish Flats mill Read More »
The headquarters of steelmaker Cleveland-Cliffs could move from its namesake city to Pittsburgh if Cliffs is successful in acquiring US Steel, Cliffs CEO Lourenco Goncalves said. But a Cleveland City Hall source today said Mayor Justin Bibb spoke with Goncalves who reportedly reassured him that relocating Cliffs 1,000-plus staffpersons from Cleveland at this stage is just speculation.
Read MoreGoncalves: a Cliffs-USS HQ would be in Pittsburgh Read More »
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.
Read MoreGCRTA to upgrade 22 Shaker Hts rail stations Read More »
