Feedspot, an international news aggregator, ranked NEOtrans in the top 10 of Ohio real estate news blogs. Feedspot compiles news feeds from online sources so users from all over the world can customize and share them with other social network users.
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For many Greater Clevelanders, they had a merry Christmas thanks to one of the tightest job markets locally in more than two decades. According to preliminary data released late last week by the U.S. Bureau of Labor Statistics (BLS), the unemployment rate for the Cleveland-Elyria-Mentor metropolitan area was the lowest it has been since December 2000.
Read MoreLowest unemployment rate in 23 years Read More »
Merry Christmas and happy holidays to you and yours from NEOtrans.
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For many Greater Clevelanders and visitors, they now enter the Cleveland Clinic’s Main Campus and the University Circle area on the new Opportunity Corridor Boulevard. But few people traveled on the East 105th street portion before the boulevard was completed in late-2021. Today’s commuters and visitors may not have a full appreciation of how much the scenery along their commute or visits have changed in less than a decade.
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In the spirit of Oscar Wilde, one could say that a year’s worth of economic output data might be considered a curiosity. But multiple years may be considered a trend. Last year, the growth of Cuyahoga County’s gross domestic product (GDP) ranked 10th among Ohio’s 88 counties and was the best performer among Ohio’s most populous, urbanized counties. according to new data released last week by the U.S. Bureau of Economic Analysis.
Read MoreCuyahoga County’s economy surges Read More »
The largest planned, single development in a century is proposed for Cleveland’s Hough neighborhood by reutilizing the huge site of the closed Martin Luther King Jr. High School, 1651 E. 71st St. On that 11-acre property bounded by Hough and Lexington avenues plus East 71st and 73rd streets, 310 housing units and two divisible commercial spaces are planned as part of a neighborhood destination.
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Several things have long slowed Cleveland’s post-industrial transition to embrace new economic drivers. One of the biggest is the lack of large, clean properties near existing labor. The city recently announced a $50 million land assembly program that could be boosted to $100 million with other funding. While some of that funding could come from the private sector, another source may well come from a new round of state funding to aid redevelopment, announced today.
Read MoreNext round of Brownfield grants starts Dec. 5 Read More »
Many Greater Clevelanders have at least some familiarity with a place that could soon become home to many Greater Clevelanders. The owner of the former General Electric Lighting headquarters, 1975 Noble Rd. in East Cleveland, is preparing plans to convert several office buildings within the 94-acre Nela Park Campus into apartments and make those intentions known at a meeting of local stakeholders, possibly as early as this month, according to a source familiar with the project.
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Having too much office space, not enough housing inventory and tight private financing to address those conditions isn’t just a Greater Cleveland phenomenon. It’s a nationwide problem. So the federal government on Friday announced incentives to encourage the conversion of high-vacancy commercial buildings to residential use and develop surplus land owned by transit agencies.
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Sankofa Village will be adding its fourth, final phase in Cleveland’s Central neighborhood. An extra space just off West 48th getting more townhomes. One Midtown Luxury Townhomes seeks expansion. And Intro gains national beauty salon chain as tenant.
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