NE Ohio real estate news by location
Like a traffic cop directing traffic at a downtown intersection, two interest groups have reportedly given Mayor Frank Jackson’s administration the stop hand and a whistle for going the wrong way with its proposed new Cleveland Police Department (CPD) headquarters (HQ).
Read MoreCity gets pushback on police HQ in Opportunity Corridor Read More »
If you wanted a shiny new Sherwin-Williams (SHW) headquarters plus a research and development (HQ+R&D) facility in your Cleveland-area stocking by Christmas morning, you’re probably going to be disappointed. But don’t expect a lump of coal either.
Read MoreSherwin-Williams HQ competition heats up, delays announcement Read More »
Downtown Cleveland’s Hilton Garden Inn, 1100 Carnegie Ave., sold on Dec. 9 to a New York City-based real estate investment trust that specializes in owning Marriott- and Hilton-branded hotels.
The 11-story, 240-room hotel, its adjoining Gateway Conference Center and the 2.85 acres on which the complex sets was sold for $28.16 million
Downtown Cleveland hotel sells to NY-based REIT Read More »
A proposed Transformational Mixed-Use Development (TMUD) tax credit pending before the state legislature was substantially amended today during a hearing of the Ohio House of Representatives’ Workforce & Economic Development Committee.
Read MoreTransformational real estate development tax credit bill sees big changes Read More »
These news tidbits are too small for Seeds & Sprouts but are nonetheless important. They include the last two weeks of items that appeared in public records such as building permits, planning commission filings, real estate listings and similar but brief references showing definitive movement in Cleveland-area real estate.
Read MoreSon of Seeds & Sprouts – Part I Read More »
For more than a month now, real estate professionals have been watching the activity on the Jacobs Group/Weston Group-owned parking lots, located on the west side of Public Square. When asked what they think of it, their general response is “there’s definitely something going on there.”
Why?
Read MoreSherwin-Williams already spending big to put HQ at Public Square Read More »
A California-based real estate investor has purchased the Chicle Apartments and Chicle Townhomes from a local firm that renovated the former Chiclets gum factory and built the townhomes on Cleveland’s west side nearly 15 years ago.
Read MoreChiclets gum factory apartments, townhouses get new owner Read More »
**UPDATED Dec. 7, 2019**
In case you missed the major-league news, and if you rely on Cleveland local news media you probably did, but another Fortune 500 company will establish its corporate headquarters in downtown Cleveland.
Today, Cleveland-Cliffs Inc. announced it will be acquiring AK Steel Holding Corp. for $1.1 billion in an all-stock deal. In terms of revenues, the minnow just swallowed the whale. Cliffs generated about $2.12 billion in net revenue in 2018 whereas AK generated $6.08 billion.
Read MoreFortune 500 company to establish HQ in downtown Cleveland Read More »
Despite a cloud of legal action hanging over it, titles to two Midtown properties were transferred last week to the Cleveland Foundation for its proposed new headquarters. A 50,500-square-foot HQ is proposed to be the first phase of a civic and mixed-use district along both sides of Euclid Avenue and on both sides of East 66th Street led by the foundation.
Read MoreCleveland Foundation acquires Midtown land for new HQ Read More »
For the fourth straight week, work crews were laboring amid the 7.93 acres of parking lots owned by the Jacobs and Weston groups in downtown Cleveland’s Warehouse District. This is the site that sources say is Sherwin-Williams’ (SHW) favored site for building its massive new headquarters plus research and development (HQ+R&D) facilities.
Read MoreMore crews working at Sherwin-Williams’ favored HQ site, but… Read More »
