Finance & Investment - Cleveland

  • 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
  • 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
  • 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
  • BGL Completes Financing for Cleveland Waterfront Community

    The independent investment bank advised The Landmark Cos. on the acquisition of Quay 55, a historic building that will undergo an ample transformation process and rebranding.

    02 August 2017 14:01
  • 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
  • Huntington Commits $150M to Ohio Affordable Housing

    The investment brings the bank’s investment, in partnership with Ohio Capital Corp. for Housing, to more than $500 million since 2010.

    24 March 2017 13:31
  • 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
  • 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
  • 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.

    01 February 2016 16:45
  • Hemingway Development to Expand MidTown Tech Park

    By Adrian Maties, Associate Editor Hemingway Development, a division of Streetsboro-based Geis Cos., plans to invest $8.9 million to purchase and renovate a vacant four-story building at 6555 Carnegie Ave. in MidTown Tech Park, in the Health-Tech Corridor. MidTown Tech Park is right in the heart of the Health-Tech Corridor, the area between East 55th [...]

    03 August 2012 05:52
  • Cleveland Clinic, Ohio University to Invest $49.1M into Northeast Ohio

    By Adrian Maties, Associate Editor The United States is facing a growing shortage of primary-care physicians, but the Cleveland Clinic and Ohio University are taking steps to alleviate the situation in Cleveland. They recently signed an affiliation agreement and plan to invest $49.1 million into Northeast Ohio to open a medical school campus at the [...]

    17 June 2012 15:02
  • East Side Office Portfolio in Foreclosure

    By Adrian Maties, Associate Editor In 2007, Gotham King Fee Owner L.L.C., a joint venture of Gotham Realty Holdings of New York and Beachwood developer and broker Donald King, paid $140 million for nine office buildings in the eastern suburbs of Cleveland. The joint venture acquired the Gotham King portfolio from Duke Realty Corp., an [...]

    08 June 2012 15:11