NEOtrans business, development, real estate, construction and market trend news from Ohio
Efforts by city officials to repopulate Cleveland neighborhoods don’t always go smoothly when residents and community officials have gotten used to not having people, density and activity around for decades. But a mixed-use project intended to restore some of that urbanity got approved today by the Landmarks Commission in a contentious meeting.
Read MoreWatterson-Lake Apartments design approved Read More »
City officials in Cleveland Heights today announced they have entered into a purchase agreement with National Church Residences (NCR), a Columbus-based non-profit senior housing developer, to acquire two city-owned properties for a planned $22 million, 71-unit, senior affordable-rate apartment building.
Read MoreSenior affordable housing deal OK’d in Cleveland Hts Read More »
When the Ohio Tax Credit Authority on Monday approved financial assistance to Canon Healthcare USA Inc. for its new headquarters in Cleveland, state officials revealed that Ohio wasn’t the only state that was focused on the Japanese-based imaging company. NEOtrans also learned details of Canon’s property lease with the Cleveland Clinic Foundation which helped secure the new HQ.
Read MoreCleveland competed for Canon — and won Read More »
Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.
Read MoreCanon Healthcare buys Cleveland building for HQ Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.
Read MoreIs DeWine’s stadium tax idea a good bet? Read More »
Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.
Read MoreCanon Healthcare USA picks Cleveland for HQ Read More »
When the conglomerate parent of faucet and fixture-maker Moen told the world via press release on Jan. 22 that it was consolidating its various brand headquarters to suburban Chicago, it was also notifying all of the Ohio-based economic development organizations about the move for the first time.
Read MoreMoen move blindsided city, biz development orgs Read More »
It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.
Read MoreBedrock Riverfront Wins Greater Cleveland’s only TMUD Read More »
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.
Read MoreAt best, federal funds for major projects on hold Read More »
