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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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Developers Break Ground on New Cambria Suites Hotel in Avon

Developers Break Ground on New Cambria Suites Hotel in Avon

Another hotel is under construction in the Cleveland area. Choice Hotels International, Inc., Ceres Enterprises, LLC, and Consolidated Construction Company started work on October 21 on a new Cambria Suites hotel at 35600 Detroit Road in Avon. The cost of the project was not announced.…

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Inland Real Estate Buys University Heights Shopping Center

Inland Real Estate Buys University Heights Shopping Center

Inland Real Estate Corporation has acquired a Cleveland-area shopping center in a joint venture with Dutch pension fund advisor PGGM. The purchase price was $24.9 million, excluding closing costs and adjustments. The joint venture also assumed an $18.4 million property-level loan with a two-year term, which it expects to pay…

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$250M Project to Deliver Marriott Autograph Collection Hotel, 205 Apartments to Downtown Cleveland

$250M Project to Deliver Marriott Autograph Collection Hotel, 205 Apartments to Downtown Cleveland

The GEIS Companies and Sandvick Architects, both based in Cleveland, have teamed up to bring new life to the intersection of East Ninth Street and Prospect Avenue, a long overlooked area in the city’s downtown. Dubbed The 9, the $250 million development calls for the renovation and transformation of the…

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Jacobs Real Estate Services Sells Acreage in Avon for New Marriott Hotel

Jacobs Real Estate Services Sells Acreage in Avon for New Marriott Hotel

A new hotel is coming to Avon next year. Westlake-based Jacobs Real Estate Services, an independent affiliate of The Richard E. Jacobs Group, announced on Tuesday, October 1, it has agreed to sell a 4.27-acre site on Just Imagine Drive to Emerald Hospitality Associates Inc. and Nimbus Investment Fund. The…

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