NEOtrans business, development, real estate, construction and market trend news from Ohio
Amid the growing controversies surrounding the expansion of data centers in Ohio, Downtown Cleveland’s largest data center is about to get bigger. And, as part of that expansion, it’s evicting small businesses and proposing to demolish a row of storefronts along a major downtown street.
Read MoreDowntown data center to demo stores Read More »
When a company expands in an already busy market, the inference is that the company expects the market to get even busier. Unfortunately, that may be the case with the commercial property market where foreclosures keep coming and more receivers are getting appointed by courts to hire real estate brokers.
Read MoreCommercial foreclosure business is booming Read More »
On Wednesday, the Ohio Department of Transportation’s (ODOT) Transportation Review Advisory Council (TRAC) released its latest list of construction commitments for transportation infrastructure throughout the state. Over $60 million is allocated to four projects in Cuyahoga county expected to begin construction within the year.
Read MoreODOT approves funding for several Cuyahoga County projects Read More »
CSA Group, a global provider of testing, inspection and certification services, announced today that it will relocate and expand its U.S. Head Office to Valor Acres – a mixed-use, lifestyle center in suburban Brecksville.
Read MoreCSA Group to relocate to Valor Acres Read More »
A financial incentive originally designed to spur new construction in Downtown Cleveland has instead helped other Ohio downtowns. But with the Transformational Mixed Use Development (TMUD) tax credit program renewed by the Ohio General Assembly, there is a renewed chance for the program to benefit its birthplace.
Read MoreWill TMUD’s return transform Cleveland? Read More »
Despite Cleveland City Planning Commission calling the design for a proposed affordable senior housing development in Slavic Village as unoriginal and its location isolated from community amenities, it urged that the project be approved in an expedited manner.
Read MoreIronwood Flats panned, fast-tracked Read More »
Shortly after low-fare carriers Frontier Airlines announced service reductions and Spirit Airlines announced it was ceasing its remaining service to Cleveland Hopkins International Airport, a new low-fare airline is stepping in to fill the void with two new routes.
Read MoreAvelo Airlines expanding to Cleveland Read More »
The Cleveland Guardians Major League Baseball team is seeking $64,795,282 for Progressive Field. The Cleveland Cavaliers National Basketball Association team wants $40,308,811 for Rocket Arena. And the Cleveland Soccer Group is in the running for $19.9 million to build a new soccer stadium, according to the Statehouse News Bureau.
Read MoreCleveland sports venues seek $125M from state Read More »
To say that Greater Cleveland’s convention and visitors business is in a state of flux right now would be an understatement. Two new developments have put it there — the failure of a pending deal to redevelop the I-X Center for a new tenant plus the design and marketing of the new Huntington Bank Field as a competitive event venue.
Read MoreFailed I-X Center deal, new Browns stadium put convention, trade-show biz in flux Read More »
Once upon a time, Ohio was crisscrossed with intercity bus routes that served just about every small town with a population of 10,000 or more. The Ohio Department of Transportation (ODOT) and GoBus are trying to reconnect small-town Ohio with its largest cities, airports, and train/bus stations to improve regional accessibility.
Read MoreGoBus to expand service to Cleveland Read More »
