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American Greetings Details Plans for New Headquarters

American Greetings Details Plans for New Headquarters

By Adrian Maties, Associate Editor In May 2011, the American Greetings Corp. announced its intentions to move to a new headquarters in Westlake. A year later, it has finally unveiled the first plans for the $150 million to $200 million project, to be located in Westlake’s Crocker Park. The new…

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Horseshoe Cleveland Finally Opens

Horseshoe Cleveland Finally Opens

By Adrian Maties, Associate Editor The Horseshoe Casino Cleveland is finally here. On the evening of May 14th, the casino officially opened its doors to the public. Gary Loveman, chairman, president & CEO of Caesars Entertainment Corp.; Dan Gilbert, chairman of Rock Gaming; Marcus Glover, general manager & senior vice…

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New 138kV Substation Coming to Lorain

New 138kV Substation Coming to Lorain

By Adrian Maties, Associate Editor FirstEnergy Corp. (NYSE: FE) started work on May 2 on a new substation and associated transmission lines in Lorain, Ohio. The facility is designed to support the new arc furnace that Republic Steel is building there. On May 3, FirstEnergy officials and representatives from the city…

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Vita-Mix Breaks Ground on $10M Expansion of Olmsted Falls World Headquarters

Vita-Mix Breaks Ground on $10M Expansion of Olmsted Falls World Headquarters

By Adrian Maties, Associate Editor The Vita-Mix Corp. broke ground last week on a $10 million expansion of its world headquarters in Olmsted Falls. The increasing demand for high-performance blending equipment both nationally and in more than 80 countries worldwide has convinced the renowned blender manufacturer of the need to expand…

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Westfield Group to Sell Strongsville’s SouthPark Mall

Westfield Group to Sell Strongsville’s SouthPark Mall

By Adrian Maties, Associate Editor The Westfield Group, the world’s second-largest shopping mall owner, announced plans to sell eight non-core U.S. shopping centers for $1.2 billion in order to pay off debt and invest in higher-profile projects. Greenwich, Conn.-based Starwood Capital Group will acquire a 90 percent stake in seven centers.…

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Developers Plan Phase II of Flats East Bank Project

Developers Plan Phase II of Flats East Bank Project

By Adrian Maties, Associate Editor The developers of the Flats East Bank waterfront project in Cleveland announced they have secured commitments from a country-music venue and four restaurants. Toby Keith’s I love This Bar & Grill, Ken Stewart’s, Lago, Flip Side [...]…

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$275M Hard Rock Gaming and Entertainment Facility Planned for Northfield Park

$275M Hard Rock Gaming and Entertainment Facility Planned for Northfield Park

By Adrian Maties, Associate Editor Hard Rock International, owner of one of the world’s most iconic brands, announced on April 5 that it plans to develop and operate a $275 million gaming center at Northfield Park. Hard Rock has partnered on [...]…

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MRN Plans Apartments for Rosetta Center

MRN Plans Apartments for Rosetta Center

By Adrian Maties, Associate Editor Apartment vacancies in downtown Cleveland are becoming harder and harder to find as office workers move in from the suburbs. Occupancies approached 96 percent late last year, the result of two decades of downtown population growth, [...]…

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Walmart Joins Oakwood Commons Lineup

Walmart Joins Oakwood Commons Lineup

By Adrian Maties, Associate Editor On March 22, First Interstate Properties Ltd. announced the addition of a Walmart Supercenter to its proposed Oakwood Commons shopping center. In a press release, Walmart officials confirmed that when the new center is ready, they [...]…

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Old Cleveland Skyscraper to be Converted into Apartments

Old Cleveland Skyscraper to be Converted into Apartments

By Adrian Maties, Associate Editor An office building in Cleveland’s downtown has been sitting empty since 2009, creating one of the largest dead zones in the city’s former financial district. Now, the K&D Group, Northeast Ohio’s largest privately held owner of [...]…

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Inland Real Estate Buys Westgate Shopping Center

Inland Real Estate Buys Westgate Shopping Center

By Adrian Maties, Associate Editor Inland Real Estate Corp. recently acquired the Westgate Shopping Center, a grocery-anchored power center in Fairview Park, paying $73.4 million for the property. Westgate is located at the intersection of West 210 Street and Center Ridge Road on [...]…

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University Circle Plans $100M Tech, Office and Apartment Complex

University Circle Plans $100M Tech, Office and Apartment Complex

By Adrian Maties, Associate Editor Lot 45, a surface parking lot with 200 parking spaces, sits today at the edge of University Circle and Little Italy, a crucial piece of real estate in one of Cleveland’s most important neighborhoods. Starting next [...]…

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