Deals - Cleveland
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Cornerstone Managed Properties Buys Cleveland-Area Community
The $4 million sale of the 144-unit, fully occupied community was subject to a $4.8 million acquisition and development loan.
14 November 2018 15:58 -
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 -
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 -
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 -
Green Bridge Closes Bulk Cleveland Sale
Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
21 August 2017 20:26 -
Landmark Lands Cleveland Lakeshore Community
Quay 55, a former warehouse converted to apartments, is now in the hands of an affiliate of Landmark Cos. Deancurt Realty Group sold the Lake Erie shoreline property after six years of ownership.
17 July 2017 16:38 -
Berkadia Secures $50M in Financing for Cleveland Project
The company secured the loan from Related Fund Management for the development of Centric Apartments, a 272-unit community.
03 January 2017 08:33 -
New $13M Condo Project Planned in Cleveland
Local investors are planning the construction of Quattro, a 26-unit condominium building in the Little Italy neighborhood.
24 October 2016 02:52 -
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.
29 February 2016 18:08 -
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.
24 February 2016 19:18 -
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.
03 December 2015 20:14 -
Forest City Sells Cleveland’s Higbee Building to Horseshoe Casino Owners
Forest City Enterprises, Inc. finalized last week the sale of the 14-story Higbee Building, one of Cleveland’s most renowned historic places. Rock Ohio Caesars LLC is the property’s new owner. It opened the Horseshoe Casino Cleveland there last year.
06 August 2013 04:28 -
Hackman Capital JV Acquires 16 Cleveland-Area Buildings as Part of 28-Asset Ohio Industrial Portfolio
A joint venture led by Hackman Capital Partners LLC, a privately held, asset-based investment firm headquartered in Los Angeles, has recently purchased 28 industrial buildings and two land parcels located in the state of Ohio. The transaction of the industrial real estate portfolio totaling 2,593,602 square feet closed on Friday, June 14. Hackman Capital Partners did not disclose the purchase price.
01 July 2013 04:14