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Westin Cleveland Downtown to Open in May

Westin Cleveland Downtown to Open in May

The Westin Cleveland Downtown hotel will open this May in Cleveland's downtown financial district following a $64 million renovation. It will have a new look and a new general manager. Recently, the ownership has hired Mark Anderson to lead the hotel in operations and guest services.…

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BakerHostetler to Move to Cleveland’s Key Tower in 2016

BakerHostetler to Move to Cleveland’s Key Tower in 2016

Prime office spaces continue to be in high demand in Downtown Cleveland. BakerHostetler is just the most recent name added on the growing list of companies looking to do or to continue doing business in the CBD. Ranked 65th on the AmLaw 100 (American Lawyer, 2013, by gross revenue), the…

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Marcus & Millichap Arranges Sale of North Olmsted Towne Center for $17.8M

Marcus & Millichap Arranges Sale of North Olmsted Towne Center for $17.8M

Large retail properties in the Greater Cleveland area have seen a lot of action in the final quarter of 2013. Recently, Devonshire REIT, Inc. has paid $8 million for the Great Lakes Plaza in Mentor, while the Starwood Capital Group has acquired two shopping centers in North Olmsted and…

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Ohio Development Services Agency Awards $20M in Ohio Historic Preservation Tax Credits to Five Northeast Ohio Projects

Ohio Development Services Agency Awards $20M in Ohio Historic Preservation Tax Credits to Five Northeast Ohio Projects

On Dec. 20, the Ohio Development Services Agency awarded $33 million in Ohio Historic Preservation Tax Credits to rehabilitate 31 historic buildings in 10 communities across the state. Five of these projects are located in Northeast Ohio.…

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Arhaus Furniture to Move 230 Employees to New Corporate HQ in Boston Heights

Arhaus Furniture to Move 230 Employees to New Corporate HQ in Boston Heights

Arhaus Furniture, one of the fastest growing furniture retailers in the United States, has announced it plans to build a new, $43 million corporate headquarters and distribution center in the Village of Boston Heights. Construction is slated to start in March 2014. Arhaus Furniture hopes to move into…

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CSU Breaks Ground on $45M Center for Innovation in Health Professions

CSU Breaks Ground on $45M Center for Innovation in Health Professions

Cleveland State University broke ground on December 9 on a new health sciences building. Called The Center for Innovation in Health Professions, it will be the place where students will learn and work together in interdisciplinary collaboration. The project is expected to cost $45 million.…

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Devonshire REIT Buys Mentor’s Great Lakes Plaza for $8M

Devonshire REIT Buys Mentor’s Great Lakes Plaza for $8M

Another Cleveland-area shopping center has changed hands. A few weeks ago, Starwood Capital Group has completed the acquisition of two Northeast Ohio shopping centers, as part of a seven-property portfolio for which the Greenwich, Conn.-based investment firm has paid $1.6 billion to the Sydney, Australia-based Westfield Group. Now, Devonshire REIT,…

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Cleveland City Council Approves Financing for FirstEnergy Stadium Modernization Project

Cleveland City Council Approves Financing for FirstEnergy Stadium Modernization Project

It’s been a rough couple of weeks for Cleveland Browns fans, as their team recently lost to two long-time rivals, the Cincinnati Bengals and the Pittsburgh Steelers, in the 2013 NFL regular season. But the Cleveland team did manage to score one important victory. On Monday, November 25, the Cleveland…

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Starwood Buys Two Northeast Ohio Malls as Part of $1.6B Deal

Starwood Buys Two Northeast Ohio Malls as Part of $1.6B Deal

Starwood Capital Group, a Greenwich, Conn.-based investment firm, has completed last week the acquisition of seven dominant regional malls in four states, on the West Coast and in the Midwest. The deal was announced in September. Two Northeast Ohio shopping centers are also included in the portfolio.…

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Pinecrest Development in Orange One Step Closer to Construction Start

Pinecrest Development in Orange One Step Closer to Construction Start

A small village in Northeast Ohio is about to have a huge impact on the entire area. On November 5, residents of the village of Orange voted to approve plans to rezone a residential neighborhood and pave the way for a 76-acre mixed-use project that will bring new, upscale shopping…

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Cleveland Named Most Affordable Housing Market in United States

Cleveland Named Most Affordable Housing Market in United States

Looking to buy a house in Cleveland? You’re in luck! The Northeast Ohio city is the most affordable housing market in the nation, according to an annual report by Coldwell Banker Real Estate, the oldest national real estate brand in the United States.…

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Smartland Buys Lee-Yorkshire Apartments in Cleveland Heights

Smartland Buys Lee-Yorkshire Apartments in Cleveland Heights

Smartland, Cleveland’s largest real estate investment firm and one of Ohio’s top property management companies, has purchased the Lee-Yorkshire Apartments. The price of the transaction was not disclosed.…

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