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Receiver appointed for Downtown office complex

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On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.

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Developer to rebuild after Cleveland Hts fire

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The developer of the Marquee development has informed Cleveland Heights city officials that it will rebuild the structure that was destroyed by an overnight fire that began Jan. 25. The 139-unit Marquee at Cedar-Lee building fronting Cedar Road in the 13200 block, was still under construction and unoccupied at the time of the fire, which started about 7 p.m.

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New East-Side fieldhouse due at Breakthrough School

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Having affordable, comfortable places for the community to gather for events, sports and even voting can be hard to find in Cleveland’s Kinsman and Woodland Hills neighborhoods. But that could soon change for the better based on plans for a new fieldhouse at Breakthrough Schools’ Woodland Hills Campus, 9201 Crane Ave. Those plans were submitted this week to the city’s Building Department.

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Bedrock Riverfront Wins Greater Cleveland’s only TMUD

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It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.

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At best, federal funds for major projects on hold

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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 the year for Greater Cleveland’s metropolitan planning organization (MPO) which distributes federal funds to transportation and air quality programs.

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