Trending development, economic & real estate news

At best, federal funds for major projects on hold

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…
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Cleveland Clinic to lay off 114 employees

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…
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Catanese Seafood to sail from Flats to Collinwood

A familiar face in Cleveland’s Flats district is packing up and heading to the city’s east side to make way for the Cleveland Metroparks’ expanding makeover of the Cuyahoga River waterfront. Catanese Classic Seafood, 1600 Merwin Ave., is making a move in the coming year to the Greater…
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Blue Abyss inks deal with NASA Glenn

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…
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2025’s return to the office? It started in 2024

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…
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