Cleveland
Out-of-State Investor Buys 70 Units in East Cleveland
The 70-unit Parkview Estates Apartments in East Cleveland, Ohio was bought by Florida-based investors for $850,000, or $12,142 per unit.
Forest City Closes Sale of Military Housing Business for $208.8M
Hunt Companies acquired the military housing business from Forest City Realty Trust for $208.8 million.
KeyBank Invests $28.7M in Senior Housing
KeyBank’s investment in Cambray Courts Apartments will help redevelop the community into 71 units of much-needed affordable housing for seniors in St. Lawrence County, N.Y.
Development Team Offers Win-Win Deal to Prospective Tenants in Cleveland
Flats at East Bank, one of downtown Cleveland’s luxury apartment developments, has launched an original incentive program, offering new residents a paid vacation during next summer’s RNC.
Nonprofit Developer Maintains Affordable Rents in Cleveland
Mission-driven Community Builders has acquired the Commodore Place Apartments in Cleveland, which will continue to operate as a mixed-income housing community.
Conversion of Historic Building Awarded LEED Silver
Another green building in Cleveland has earned LEED Silver certification.
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.
TODAY’S DEALS: Hamilton Zanze Closes Banner September with $170M in Transactions
Hamilton Zanze closes a record-breaking September; Bascom and Carlyle Realty acquire a two-property value-add portfolio in Las Vegas; and a historic downtown Cleveland high rise changes hands.
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, Inc. Has announced it has closed the purchase of Great Lakes Plaza.
Apartments Coming to Ohio City Neighborhood
Apartments are coming to one of the oldest neighborhoods in Cleveland. Two recently announced projects are expected to deliver more than 250 apartments to Ohio City, a place where apartments are greatly needed.
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