Cleveland
Cleveland State University Breaks Ground on $50M Project
By Adrian Maties, Associate Editor Cleveland State University broke ground on Nov. 9 on a $50 million mixed-use project, the city’s largest residential development in more than 30 years. Polaris Real Estate Equities and Buckingham Cos. are co-developers. The groundbreaking ceremony was [...]…
Continue reading →BentleyForbes Puts $98M Ohio Portfolio up for Sale
By Adrian Maties, Associate Editor BentleyForbes, a real estate investment firm based in California, has put three Ohio office buildings up for sale, all leased to Medical Mutual, Ohio’s oldest and largest health insurer. The properties are listed at $98 million [...]…
Continue reading →KUD Joins UPA for 50-Block Urban Project in Ohio
By Adrian Maties, Associate Editor Last month, the University Park Alliance, a non-profit community development corporation, signed a master services agreement with internationally recognized real estate developer KUD International L.L.C. that will move forward significant change for the city’s downtown area. UPA, [...]…
Continue reading →Uptown Project Attracts Retail, Restaurants to University Circle
By Adrian Maties, Associate Editor Though months from opening, the Uptown Project in Cleveland’s University Circle is fast running out of retail room. Already, 95 percent of the ground-floor space in two apartment buildings has been filled by local and national [...]…
Continue reading →JV Plans $64M Makeover of Cleveland’s Crowne Plaza
By Adrian Maties, Associate Editor Optima Ventures and Sage Hospitality partnered to buy downtown Cleveland’s second-largest hotel, The Crowne Plaza Cleveland City Center. The joint venture paid $9 million cash for the 472-room hotel and parking garage, and plans to invest [...]…
Continue reading →Foreign Investors to Help Build New American Greetings HQ
By Adrian Maties, Associate Editor American Greetings Corp. has struck a deal with the Cleveland International Fund to finance its planned new world headquarters. Announced in May, the facility, to be constructed in Crocker Park, will house more than 1,000 jobs and [...]…
Continue reading →HeartLab Signs New Lease in Midtown’s Health-Tech Corridor
By Adrian Maties, Associate Editor HeartLab, a leading specialty clinical laboratory and disease management company, has signed a 10-year lease for 27,000 square feet at the MidTown Tech Park. The new building, located in Cleveland’s emerging Health-Tech Corridor, was constructed to attract [...]…
Continue reading →Cleveland’s Historic Arcade Fails to Attract Bidders
By Adrian Maties, Associate Editor The historic Arcade building in downtown Cleveland hit the auction block last week, after a two-year foreclosure process. Despite the property’s $7.7 million price tag, it failed to attract a single bid. The landmark property includes a 293-room [...]…
Continue reading →
Recent Comments