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FirstEnergy Stays Put in Downtown Akron

FirstEnergy Stays Put in Downtown Akron

FirstEnergy Corp. is staying in downtown Akron. The energy company announced last month that it has signed signed an 8 1/2-year lease extension for its 19-story headquarters located at 76 South Main St.…

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ThistleDown Racino Undergoing $70M Upgrade

ThistleDown Racino Undergoing $70M Upgrade

At the end of April, ThistleDown Racino started work on an approximately $70 million upgrade. The project is expected to significantly improve the guest experience at the gaming and entertainment destination.…

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Inland-PGGM JV Buys Sixth Shopping Center in Greater Cleveland

Inland-PGGM JV Buys Sixth Shopping Center in Greater Cleveland

Inland Real Estate Corporation and its partner, Dutch pension fund administrator PGGM, have acquired another property in the Greater Cleveland area. The joint venture paid $28.3 million to buy the Creekside Commons shopping center.…

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Akron City Council Approves Land Purchase for New Dollar Tree Store

Akron City Council Approves Land Purchase for New Dollar Tree Store

At last week’s meeting, the Akron City Council passed legislation that will allow two commercial projects in the city’s west side to move forward. The projects will bring a new Dollar Tree store and a new office building to Akron.…

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Cabela’s to Build 81,000 SF Store in Avon

Cabela’s to Build 81,000 SF Store in Avon

By Adrian Maties, Associate Editor Cabela’s Inc. plans to open another store in the state of Ohio. This time, it will be located it the Greater Cleveland area. Construction on the Avon store is expected to start later this year, with an opening set for the fall of 2016. The…

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Akron-Canton Airport Plans Two New Projects

Akron-Canton Airport Plans Two New Projects

The Akron-Canton Airport (CAK) plans to start work this summer on two new construction projects. At a total cost of more than $14 million, the two are part of the airport’s CAK2018 plan, a 10-year, $110 million improvement program.…

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The Finch Group Opens Cleveland Apartments

The Finch Group Opens Cleveland Apartments

Innova, an apartment development by The Finch Group, has opened. The property includes 177 apartments within a 400,000 square-foot "all-inclusive" pedestrian-friendly site.…

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Inland, PGGM JV Buys Cedar Center North for $15.4M

Inland, PGGM JV Buys Cedar Center North for $15.4M

The joint venture between Inland Real Estate Corporation and Dutch pension fund administrator PGGM continues to add more retail properties to its portfolio. Its most recent acquisition is a shopping center located in the east Cleveland suburb of South Euclid.…

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Asset Plus Buys Historic Heritage Hall for $4.5M

Asset Plus Buys Historic Heritage Hall for $4.5M

Out-of-state investors have scooped up another historic building in Cleveland. Houston-based Asset Plus Companies, Inc., the largest privately-owned student-housing company in the nation, has recently acquired the century-old Heritage Hall building at 2200 Prospect Avenue, in the city’s downtown. The price of the transaction was $4.5 million.…

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K&D Group Buys Another Cleveland Landmark

K&D Group Buys Another Cleveland Landmark

Another downtown Cleveland office building has recently changed hands. But, in spite of the office-to-residential-conversion trend currently present in the Cleveland area, this one won’t be redeveloped into apartments.…

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Brotherhood of Locomotive Engineers and Trainmen Buys New HQ Building in Independence

Brotherhood of Locomotive Engineers and Trainmen Buys New HQ Building in Independence

The National Division of the Brotherhood of Locomotive Engineers and Trainmen, the oldest labor union in North America, is moving its headquarters out of Downtown Cleveland, after almost a century and a half in the area. Its new HQ will be located in Independence.…

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Boston-Based Investor Buys 50-Unit Apartment Complex in Cleveland Heights

Boston-Based Investor Buys 50-Unit Apartment Complex in Cleveland Heights

Noble Summit Apartment Properties LLC is the new owner of the apartment complex at 2734 Noble Road in Cleveland Heights. The Boston-based company paid $1,330,000 or $26,600 per unit, to purchase the multi-family property in a transaction which closed earlier this year.…

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