Deals - Cleveland
-
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 -
Joint Venture Buys Cleveland-Area Shopping Center for $47M
A joint venture between two east coast companies has purchased the Golden Gate Shopping Center in Mayfield Heights. New York-based Hornig Capital Partners, LLC and Hutensky Capital Partners of Hartford, Connecticut, have paid $47.05 million for the premier retail plaza. Cleveland-based Forest City was the seller. The deal represents one of the largest single asset retail sales in the Cleveland market during the past two years.
04 July 2014 04:50 -
Devonshire REIT Buys Beachwood’s Pavilion Shopping Center for $35M
Devonshire REIT, Inc. announced on Monday, June 16, the addition of a new grocery-anchored power center to its 44-property portfolio. The real estate investment trust paid $35 million to acquire the Pavilion Shopping Center, located in the Cleveland suburb of Beachwood. Huntington Bank provided financing for the transaction.
20 June 2014 23:05 -
Local Investors Buy Historic Aurora Inn, Plan Full Renovation
A group of local investors has acquired the historic Aurora Inn this month. Led by Dan Bliss, Stephen Mansfield and Matt Lopatin, Aurora Hotel Partners, LLC plans to invest into this well-known fixture in the center of Aurora’s historic district and give it a full makeover.
25 April 2014 16:36 -
Marcus & Millichap Arranges Sale of North Olmsted Towne Center for $17.8M
Large retail properties in the Greater Cleveland area have seen a lot of action in the final quarter of 2013. Recently, Devonshire REIT, Inc. has paid $8 million for the Great Lakes Plaza in Mentor, while the Starwood Capital Group has acquired two shopping centers in North Olmsted and Canton, as part of a $1.6 billion, seven-property portfolio.
07 January 2014 04:51