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Seeds & Sprouts X – Early intel on real estate projects

This is the Tenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Conceptual plans for the new Walz Branch of the […]

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Rockefeller Building sold, new chapter begins

Title to the Rockefeller Building in downtown Cleveland transferred today to a partnership that seeks to redevelop the historic edifice with housing, offices and ground-floor retail.

The 17-story building is located at 614 W. Superior Ave., across West 6th Street from the planned site of the new Sherwin-Williams headquarters. This purchase is the first what may be several spin-off investments directly resulting from the massive headquarters project.

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A new housing crisis is hitting Cleveland, anonymously

At first blush, it sounded like such a rosy story.

The headline in the June 8 Wall Street Journal read “Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel.” Its central theme was that Greater Cleveland has become one of the most profitable places in the country to flip houses and own rentals. Investors have been redirecting their dollars from pricey coastal real estate markets and investing them in Cleveland. A happy story, right?

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