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Sherwin-Williams seeks “strategic developments” at HQ

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When Sherwin-Williams (SHW) finalized a deal last month with Florida-based Benderson Realty Development Co. to buy a big stake in its new global headquarters, the conversations reportedly began with different intentions. According to sources who spoke on the condition of anonymity, those intentions were both more modest and more grand, depending on how one looks it, and could play out further over the coming year.

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Up to $10M coming to Irishtown Bend Park

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In a project beset with hurdles — primarily centered around money — the effort to move forward on developing the 23-acre Irishtown Bend Park in Cleveland’s Ohio City neighborhood got a big financial boost today. That boost came from a $5 million challenge grant from the Jack, Joseph and Morton Mandel Foundation. If enough donations are received by the end of 2024 to match the challenge dollar-for-dollar, it could generate up to $10 million.

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$80 million OK’d for Greater Cleveland development

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Yesterday in Baltimore, Treasurer of the United States Chief Lynn Malerba awarded $5 billion worth of New Market Tax Credits (NMTC) nationwide, with $80 million of that to support real estate development projects Greater Cleveland. The projects are intended to be transformative by attracting private investment to create jobs in underserved communities.

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