Multifamily news in Cleveland
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KeyBank Provides $39M Loan for Historic Cleveland Community
The financing comprises three different types of loans, which will contribute to the redevelopment and preservation of Commodore Apartments, a 198-unit property.
23 October 2018 14:30 -
Downtown Cleveland Redevelopment Receives $40M Loan
With the construction loan secured by Berkadia, the former John Hartness Brown complex will be reinvented as The Euclid Grand, a mixed-use development.
15 October 2018 14:53 -
Income Property Organization Facilitates 308-Unit OH Transaction
The Shaker Square Apartments portfolio encompasses 15 buildings in Shaker Heights. The $18.7 million deal was brokered by IPO’s Paul McHugh.
18 September 2018 14:36 -
Downtown Boom Drives Demand in Cleveland
The metro’s urban core reached a milestone of 15,000 residents and more than 95,000 jobs in 2017, making it the largest downtown in Ohio.
02 August 2018 13:11 -
Cleveland Luxury Property Receives $93M Refi
Bellwether Enterprise's Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.
25 May 2018 15:33 -
NHI Acquires Ohio Senior Housing Portfolio for $70M
Totaling 320 units, the communities will be leased to an affiliate of Bickford Senior Living at an initial rate of 6.9 percent with annual fixed escalators and a 15-year maturity.
07 May 2018 15:26 -
FOURMIDABLE Expands Ohio Management Portfolio
The Village at Arlington I & II is located in Youngstown and comprises 120 affordable units, a playground and a computer center.
27 March 2018 13:18 -
Demand Dampens Amid Building Surge in Cleveland
Although underperforming against the U.S. average, the area's multifamily market remains stable, fueled by the revitalization of the city’s core.
23 March 2018 14:03 -
Iconic Cleveland Building Changes Hands for $40M
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the 295-unit Statler Arms. Michael Barron, Joshua Wintermute and Daniel Burkons represented the buyer.
07 February 2018 14:57 -
Cleveland-Area Community Lands $25M Fannie Mae Loan
Located in Willowick, Ohio, Shoregate Towers features 404 units. Dougherty’s Minneapolis office arranged the 15-year loan with a 30-year amortization schedule.
11 December 2017 08:22 -
Downtown Growth Drives Demand in Cleveland
Although underperforming in the current cycle, the area's multifamily market is on sound footing, mainly due to the city’s thriving core.
06 December 2017 15:25 -
Dougherty Arranges Refi for 77-Unit Community in Ohio
The national mortgage banking firm closed a Fannie Mae loan for Legends Pointe in Canton, Ohio. Dougherty’s Minneapolis office worked for borrower Legends Pointe Apartments.
20 November 2017 15:29 -
Cleveland Hotel to be Converted Into Senior Housing
The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.
09 November 2017 13:42 -
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
04 October 2017 13:32 -
All Eyes on Core in Cleveland
The city's market is growing slowly, particularly in submarkets outside the urban core that still face difficulties stemming from the last downturn.
08 September 2017 16:28