NEOtrans business, development, real estate, construction and market trend news from Ohio
For the first time in years, the Cleveland Clinic Foundation is laying off 114 employees throughout the global health care system. But the number of pending layoffs in the context of the scale of the system is comparatively small and hiring in other departments continues, Clinic officials said today.
Read MoreCleveland Clinic to lay off 114 employees Read More »
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.
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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.
Read More2025’s return to the office? It started in 2024 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 »
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 »
Back in 1925, Albert Higley Sr. did what the founders of many new companies owners did. He started building small. But unlike many new companies, his Cleveland-based construction firm didn’t stay small for long. Now, 100 years later, The Albert M. Higley Co. also known as AMHigley, is thinking big as it refreshes its image for the next century.
Read MoreHigley hits a hundred in 2025 Read More »
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.
Read MoreBrowns move a step closer to Brook Park Read More »
Ten days ago, NEOtrans broke the story that the city of Cleveland intended to pursue invoking “the Modell Law” against the Cleveland Browns in order to make them keep playing their home games within the city limits — and especially Downtown Cleveland. Today, the Cleveland Mayor Justin Bibb sent a letter to the Browns’ owners outlining the terms of how the city intends to do that. And now the Browns’ owners have responded.
Read MoreHaslams respond to Cleveland mayor’s ‘Modell’ letter Read More »
Beyond the Cleveland Browns stadium debate, the Cleveland Cavaliers, city of Cleveland, Sherwin-Williams and more pushed projects forward on the lakefront across Northeast Ohio.
Read MoreTop Cleveland-area developments of 2024 Read More »
Miceli Dairy Products is taking the first big steps toward its multi-phase expansion vision by unveiling plans for its $16 million first phase. But when all three phases are completed in the coming years, Miceli anticipates making a $128 million investment that will bring hundreds of new jobs to Cleveland’s Buckeye-Woodland neighborhood.
Read MoreMiceli Dairy to start its big expansion in spring Read More »
