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Cleveland City Council Approves $700M Lakefront Development

Cleveland City Council Approves $700M Lakefront Development

Cleveland’s lakefront is getting a makeover. The city has recently approved plans to develop over 20 acres of lakefront property close to Cleveland’s central business district.The project is expected to cost $700 million.…

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Joint Venture Buys Large Cleveland Industrial Portfolio

Joint Venture Buys Large Cleveland Industrial Portfolio

A joint venture has recently acquired a large industrial portfolio in the Cleveland area. Alex. Brown Realty, Inc., a real estate investment firm headquartered in Baltimore, teamed up with Biynah Industrial Partners, LLC, a Minneapolis-based real estate private equity firm, to buy the Great Lakes Industrial Portfolio. The seller was…

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Cleveland’s Victory Center Wins 2014 Preservation Achievement Award

Cleveland’s Victory Center Wins 2014 Preservation Achievement Award

Victory Center is the result of a $26.6 million redevelopment of the almost 100-year-old four-story building at 7012 Euclid Avenue. This new, mixed-use complex is located in the core of Cleveland’s Health-Tech Corridor, and is now ready to house the city’s growing incubator and accelerator growth-stage companies.…

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Trulia Study Ranks Ohio Cities High for Affordable Housing

Trulia Study Ranks Ohio Cities High for Affordable Housing

Are you a middle-class American looking to buy a home? Head to the Midwestern United States and make sure you stay away from California. In a recently released study, real estate research firm Trulia took a look at the 100 largest metros in the country and listed the least and…

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Developers Plan to Break Ground This Fall of Phase I of Intesa

Developers Plan to Break Ground This Fall of Phase I of Intesa

In March 2012, University Circle Inc., a nonprofit corporation established in 1957, announced it had hired the Coral Co. of Cleveland and Panzica Construction Co. of Mayfield Village to develop the Intesa, a mixed-use project, one of the largest to be constructed in Cleveland’s University Circle neighborhood. Ground breaking was…

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Developers Break Ground on $272M, 600-Room Hilton Cleveland/Downtown Convention Center Hotel

Developers Break Ground on $272M, 600-Room Hilton Cleveland/Downtown Convention Center Hotel

Cleveland is getting ready to say hello to a new skyscraper. On Monday, April 28, ground was broken on the new Hilton Cleveland/Downtown Convention Center Hotel, a massive structure, standing 32 stories tall. Cuyahoga County Executive Ed FitzGerald and Cleveland Mayor Frank Jackson joined Ted Ratcliff, Senior Vice President of…

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Local Investors Buy Historic Aurora Inn, Plan Full Renovation

Local Investors Buy Historic Aurora Inn, Plan Full Renovation

A group of local investors has acquired the historic Aurora Inn this month. Led by Dan Bliss, Stephen Mansfield and Matt Lopatin, Aurora Hotel Partners, LLC plans to invest into this well-known fixture in the center of Aurora’s historic district and give it a full makeover.…

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Akron’s Newest Luxury Student Housing Community to Open in August

Akron’s Newest Luxury Student Housing Community to Open in August

In May, 2013, the Cleveland-based NRP Group, one of the largest multifamily developers in the nation, started work on a 624-bed, four-story luxury student housing community in Akron. Called the Depot, the project is now nearing completion. It is scheduled to open for residents this August.…

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Developers Plan $130M, 28-Story Apartment Tower in University Circle

Developers Plan $130M, 28-Story Apartment Tower in University Circle

Cleveland is getting ready to say hello to a new residential tower, the first to be developed in the city in more than 40 years. The new high-rise will cost $130 million and will be located in the city’s University Circle neighborhood.…

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Akron Children’s Hospital Celebrates Topping Out of New Critical Care Tower

Akron Children’s Hospital Celebrates Topping Out of New Critical Care Tower

Akron Children’s Hospital first announced its plans to build a $200 million expansion of its downtown Akron campus in the summer of 2012. Called Building on the Promise, the project broke ground some months later, on May 30, 2013. Just a few days ago it reached another important milestone.…

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American Greetings Prepares to Start Construction on New HQ, Crocker Park’s Third Phase

American Greetings Prepares to Start Construction on New HQ, Crocker Park’s Third Phase

American Greetings Corp. has taken another important step towards moving from Brooklyn, Ohio, to Westlake’s Crocker Park. Along with Stark Enterprises and the city of Westlake, the greeting card company finalized last week the transaction to relocate its world headquarters.…

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Value Place Reopens Cleveland-Area Hotels Following $500,000 in Renovations

Value Place Reopens Cleveland-Area Hotels Following $500,000 in Renovations

Value Place, an extend stay hotel chain in the United States, has recently completed the renovation of two of its hotels in the Cleveland area. The two properties are located in Akron and Mentor, and are now ready to receive guests. The hotel brand has spent $500,000 for each of…

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