University Circle

Canon Healthcare USA picks Cleveland for HQ

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Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.

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

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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 and analysts of real estate inventory market data.

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First Interstate to renovate UC apartment building

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This summer, an aging but well-located building in the heart of Cleveland’s booming University Circle will get a needed refreshing to help it compete with new apartment buildings nearby. The University East Building, 11308-11330 Euclid Ave., will get that attention now that it is under the long-term management of a prominent local real estate developer.

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Clinic’s next big parking garage reveals growing pains

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The largest structure on the Cleveland Clinic’s Main Campus isn’t the new 1-million-square-foot Neurological Building on Carnegie Avenue. Instead it’s the 1.56-million-square-foot East 89th Street Parking Garage just west of the Neuro Building. And immediately west of that, on the former site of the Cleveland Play House, Clinic officials are reportedly considering another large parking garage that has transit advocacy groups calling for healthier options.

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