NEOtrans business, development, real estate, construction and market trend news from Ohio
Northeast Ohio’s ambitious goal of becoming a national epicenter for advanced materials and industrial innovation over the next decade, with the goal of creating 20,000 manufacturing jobs, has advanced to the next stage.
Read MoreCWRU-led effort a finalist for $160M advanced manufacturing program Read More »
After initially denying approval, the Ohio Department of Transportation (ODOT) today reversed course and approved a permit for construction of the new, enclosed Huntington Bank Field in Brook Park near Cleveland Hopkins International Airport.
Read MoreODOT-Aviation reverses course, OKs permit for new Browns stadium Read More »
A large-scale sale-leaseback of 24 facilities in Ohio and Florida is underway, and it’s Greater Cleveland’s largest employer that’s initiating it. The sale-leaseback was sought by Cleveland Clinic, and the buyer is MedCraft HealthCare Real Estate. a suburban Minneapolis-based health care real estate company.
Read MoreCleveland Clinic sells, leases back 24 facilities Read More »
Legacy RHM Capital, a fully integrated real estate investment platform focused on acquiring, operating and enhancing institutional-quality multifamily properties, announced its formation through the strategic merger of Legacy Capital Partners and RHM Capital Group.
Read MoreNotable real estate investment firms merge Read More »
Greater Cleveland’s workforce and number of employed people have grown to the highest levels since the start of the Great Recession (2009-11), according to preliminary employment data for the region that was released this week.
Read MoreGreater Cleveland recovers from Great Recession Read More »
Sometimes we’re in the weeds, hyperlocal, self-interested, pre-occupied with our own day-to-day lives. So sometimes it’s hard to appreciate the magnitude of things changing around us unless you step back and take a look at them in totality. NEOtrans did, and wow, there’s a lot of megaprojects to soak up just in Greater Cleveland!
Read MoreGreater Cleveland’s ten megaprojects Read More »
One week ago, Cleveland State University (CSU) notified its students that it was ending its U-Pass that provided fee travel on Greater Cleveland Regional Transit Authority (GCRTA) buses and trains. Today, GCRTA announced that conversations were occurring to continue to offer fare discount benefits to thousands of CSU students.
Read MoreCSU, GCRTA restart talks on U-Pass Read More »
With reconstruction of the Interstates 90/77 Central Interchange in Downtown Cleveland expected to begin next year, the Ohio Department of Transportation (ODOT) has its sights set on the next phase of the massive Innerbelt project — and that next phase may include a technology that’s brand new to Northeast Ohio.
Read MoreODOT plans first-ever SmartLane in NE Ohio Read More »
In two weeks, the Greater Cleveland Regional Transit Authority (GCRTA) will likely authorize completion of its 60-car order of new trains to replace the oldest rail transit fleet in the nation. The Cuyahoga County-based transit agency is hurriedly trying to round up the last funding and complete the order before costs rise further.
Read MoreGCRTA to add more railcars to order Read More »
Cleveland State University (CSU) notified its students this morning by e-mail that it will immediately discontinue its participation in the Greater Cleveland Regional Transit Authority’s (GCRTA or RTA) U-Pass program. This program provided to CSU students vastly discounted monthly GCRTA passes which they could use for other transportation — to work, medical appointments, grocery shopping and more.
Read MoreCSU abruptly ends U-Pass deal with GCRTA Read More »
