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Apartments Coming to Cleveland

Apartments Coming to Cleveland

By Adrian Maties, Associate Editor The time is ripe for apartment construction, and developers are heeding the call. With most private sectors adding jobs in the Cleveland area, payrolls are expected to grow this year at the fastest pace in more than a decade. In the coming months, improvements in…

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New KSU Hotel & Conference Center Project to Create Jobs, Economic Growth

New KSU Hotel & Conference Center Project to Create Jobs, Economic Growth

By Adrian Maties, Associate Editor A new, $15.6 million Kent State University project will bring a hotel and conference center to downtown Kent and create hundreds of jobs, and spur regional tourism growth and economic development. The Kent State University Foundation, The Pizzuti Cos. of Columbus, the city of Kent,…

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Avon Gets New Cleveland Clinic ER

Avon Gets New Cleveland Clinic ER

By Adrian Maties, Associate Editor The Cleveland Clinic opened a new 24-hour adult and pediatric emergency department on Sept. 5 at its Richard E. Jacobs Health Center in Akron. On Aug. 29, the center held a mock training exercise featuring simulated patients and medical scenarios and tasks. The $93 million…

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Hilton Garden Inn Sells for $12.4M at Auction; K. Hovnanian Buys Meadow Lakes

Hilton Garden Inn Sells for $12.4M at Auction; K. Hovnanian Buys Meadow Lakes

By Adrian Maties, Associate Editor The Hilton Garden Inn Cleveland Downtown will soon have a new owner. JPMCC 2006-LDP7 Carnegie Avenue L.L.C., a representative for the current mortgage holder, submitted the winning bid at a sheriff’s auction on the morning of Aug. 27, The Cleveland Plain Dealer reported. Standing 11…

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Akron Children’s Announces $200M Tower Expansion

Akron Children’s Announces $200M Tower Expansion

By Adrian Maties, Associate Editor Akron Children’s Hospital has announced its plans to build a $200 million expansion of its campus in downtown Akron. The project is called ”Building on the Promise” and will help the hospital keep up with the increase in patients and services. This is Akron Children’s…

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Cleveland’s Old Saint Luke’s Hospital Becomes Apartment Complex

Cleveland’s Old Saint Luke’s Hospital Becomes Apartment Complex

By Adrian Maties, Associate Editor Cleveland’s Saint Luke’s Hospital closed in 1999 and sat empty in the heart of the Buckeye-Shaker neighborhood until last year. But after private developer Pennrose Properties and other organizations got together and restored the hospital, it became Saint Luke’s Manor, a huge apartment complex that…

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Hemingway Development to Expand MidTown Tech Park

Hemingway Development  to Expand MidTown Tech Park

By Adrian Maties, Associate Editor Hemingway Development, a division of Streetsboro-based Geis Cos., plans to invest $8.9 million to purchase and renovate a vacant four-story building at 6555 Carnegie Ave. in MidTown Tech Park, in the Health-Tech Corridor. MidTown Tech Park is right in the heart of the Health-Tech Corridor,…

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SIGNET Development Breaks Ground on $130M NEOMED Expansion Project

SIGNET Development Breaks Ground on $130M NEOMED Expansion Project

By Adrian Maties, Associate Editor SIGNET Development, a full-service real estate development and construction management firm co-headquartered in Akron, Ohio, and Jacksonville, Fla., broke ground on July 24 on a new  residential housing village in Rootstown for the Northeast Ohio Medical University (NEOMED). This is the first part of NEOMED’s…

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Cuyahoga County Eyes 250,000-SF Headquarters Space

Cuyahoga County Eyes 250,000-SF Headquarters Space

By Adrian Maties, Associate Editor In a planned series of moves that promise to make a collective splash in the Cleveland real estate market, the Cuyahoga County government is in the hunt  for 225,000 square feet for a new headquarters and another 200,000 square feet for record storage. In addition, the…

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Cleveland to Get New Police Station

Cleveland to Get New Police Station

By Adrian Maties, Associate Editor The city of Cleveland is working together with MidTown Cleveland Inc. on a $17.5 million development project that will bring the first new police station to the city in 34 years. The project will help make the neighborhood safer, will catalyze development–and will free two…

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Cleveland Skyscraper Avoids Foreclosure

Cleveland Skyscraper Avoids Foreclosure

By Adrian Maties, Associate Editor Great news for the Tower at Erieview, one of downtown Cleveland’s best-known buildings. A foreclosure case against the office-retail complex at 1301 E. Ninth St. has been dropped, thanks to the efforts of Werner Minshall, the owner of the property. He managed to find a…

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Cleveland Medical Mart Achieves Milestone in Construction Process

Cleveland Medical Mart Achieves Milestone in Construction Process

By Adrian Maties, Associate Editor The $465 million Medical Mart & Convention Center project under construction in Cleveland has now reached an important milestone. On Friday, June 22, the uppermost steel beam was placed on top of the building in a topping out ceremony. Dignitaries and hundreds of construction workers…

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