Market Rate Housing - 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 -
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 -
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 -
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 -
Construction of $62M Cleveland Tower to Start in June
Stark Enterprises Inc. and Solon-based real estate investor Reuven Dessler plan to break ground on the 26-story tower in less than three months.
30 March 2017 17:53 -
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 -
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 -
A New Tower in the Works for University Circle
In the hot Cleveland multifamily market, two developers are looking to build a new apartment tower. The project could be the first new high-rise apartment construction in the city since the 1970s.
28 August 2015 19:34 -
Huge Win for Huge Greater Cleveland Development
The $225 million Pinecrest mixed-use development in Orange, a village just southeast of Cleveland, has recently received a helping hand from a national investor.
07 August 2015 19:08 -
Cleveland Developers Can’t Get Enough Apartments
A new residential project just broke ground near downtown Cleveland.
29 July 2015 15:59 -
Four Northeast Ohio Projects Get Historic Tax Credits
Four more Northeast Ohio real estate projects have received assistance from the state in the month of June. This time, the funds are Ohio State Historic Preservation Tax Credits.
03 July 2015 04:45 -
Massive Cleveland Historic Building’s Massive Transformation
More details have come to light about the redevelopment of Cleveland’s former Huntington Building. On June 16, during a press tour of the historic building, the new owner revealed that it indents to convert the mammoth structure into a mixed-use property.
18 June 2015 02:58