Cleveland
U.S. Apartment Rent Growth Eases to 1% in Q4 2024
National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024,… Read more
Lincoln Property Company to Develop Cleveland Browns MXU District
Lincoln Property Company announced it will be the development partner for the Cleveland Browns’ 176-acre mixed-use entertainment district in Brook… Read more
Former NASA Housing Development Receives C-PACE Financing
PACE Equity has financially supported the redevelopment of a former NASA Glenn Research Center housing development into a boutique hotel.… Read more
University Science, Engineering Building Breaks Ground in Cleveland
Case Western Reserve University recently celebrated the groundbreaking for its new Interdisciplinary Science and Engineering Building, a five-story, 189,000-square-foot research… Read more
Alterra IOS Acquires Seven Building Portfolio
Alterra IOS has acquired seven IOS sites totaling 23 usable acres. The sites are fully leased to a national leader… Read more
BWE Secures $139M in Financing for Manufacturing Portfolio
Cleveland-based BWE has secured $139,070,000 in first mortgage financing for a portfolio of 31 manufacturing properties totaling over 4.5 million… Read more
Cleveland Housing Investment Fund Commits $38M for Affordable Housing
LISC Fund Management, LLC (LFM) and partners announced the launch of the Cleveland Housing Investment Fund (CHIF), made possible by… Read more
MAG Capital Partners Buys 410K-SF Ohio Manufacturing Facility
MAG Capital Partners has acquired a 410,858-square-foot Northeast Ohio manufacturing facility in a sale-leaseback with BRT Extrusions, Inc., one of… Read more
Chicago/Midwest People & Company News, week of September 27, 2024
Kiser Group has welcomed Carson McDaniel as an Associate. Carson joins the Birk Sklar team, working under partners Aaron Sklar… Read more
BWE Secures $31M to Refi Home Depot-Anchored Center in Ohio
BWE has secured a $31.8 million loan to refinance and fund the long-term business plan of Market Square at Montrose,… Read more
Marcus & Millichap Closes Sale of Net-Leased Charles Schwab in Ohio
Marcus & Millichap completed the sale of a net-leased Charles Schwab location in Westlake, Ohio. The property sold for $4.2… Read more
Jonathan Fascitelli Launches Platform to Develop Real Estate Around Sports Venues
Jonathan Fascitelli, formerly CEO of HBSE Real Estate, has launched Sports and Entertainment Real Estate Global Holdings (Seregh, pronounced “surge”),… Read more
Avison Young Markets Land Near Lake Erie for Mixed-Use Development
Avison Young has been retained by Avon Lake Environmental Redevelopment Group, LLC (ALERG) to sell 43.23 acres of lakefront land… Read more
Dwight Mortgage Trust Provides $51M Bridge Loan for MI Apartments
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $51.3 million bridge refinance for Southgate Apartments, a 624-unit… Read more
Chicago/Midwest People & Company News, week of July 26, 2024
Chicago-based commercial real estate brokerage firm Greenstone Partners announced the addition of two experienced assets to its team. Senior Marketing… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more