Cleveland
U.S. Multifamily Permits Down Nearly 30% from Pandemic Levels
Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. year to date, down… Read more
Trio Selected for 1.8M-SF Louisville Industrial Portfolio Assignment
TRIO Commercial Property Group has been awarded a 1.8-million-square-foot industrial portfolio for leasing and management services. The assignment from Weston,… Read more
Cross Street Tapped to Market, Lease New Office-To-Resi Conversion in Cleveland
Cross Street has been tapped to exclusively lease and market the highly-anticipated conversion of the former Ohio Bell Building, a… Read more
Chicago/Midwest People & Company News, week of June 3, 2024
JLL has hired Kristen Vosmaer as a managing director for its growing Data Center Work Dynamics business. In this role,… Read more
Industrial Construction Costs Fall, Price Pressures Still in Play
A couple of years ago, industrial construction across the United States was red-hot, with a record amount of inventory coming… Read more
Declining DSCRs Mean Potential Distress in Many Office Markets
Although the much-anticipated wave of office distress has yet to materialize, new research fromYardi Matrix shows that many markets are… Read more
3650 REIT, JP Morgan Chase Provide $62M Refi on Columbus Industrial
3650 REIT and JPMorgan Chase & Co. have originated a $62 million loan to refinance Columbus Business Park, a 2.2… Read more
Chicago, Midwest | Weekly People & Companies for April 19, 2024
The Chicago Bears have added two high-profile two legal hires amid the team’s push for a new stadium. Andrea Zopp… Read more
Namdar, Mason Acquire Cleveland Office Tower
Namdar Realty Group and Mason Asset Management, a Long Island-based real estate investment partnership, have purchased 200 Public Square, a… Read more
Ohio Developer Buys 1.2M-SF Property in Texas for $21M
Cleveland-based Industrial Commercial Properties (ICP) has purchased a 1.2 million square feet facility that was the former headquarters for Rackspace… Read more
Farbman Awarded Management of Cleveland’s Fifth Third Center
Farbman Group has taken over management of Fifth Third Center, a 508,397-square-foot property in downtown Cleveland. Located at 600 Superior… Read more
KeyBank Provides $18M in Financing to Build Cleveland Homes
KeyBank Community Development Lending and Investment (CDLI) invested $10.2 million of 4% Federal LIHTC Equity and provided a $7.9 million… Read more
Marcus & Millichap Closes Sale of Net-Leased Dollar General
Marcus & Millichap closed the sale of Dollar General, a 9,100-square-foot net-leased property located in Toluca, Illinois. The asset sold… Read more
Matthews Closes Industrial Deal in Cleveland Metro for $11.5M
Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, completed the sale of 30701 Carter… Read more
7.5K SF Net-Leased Dollar General Property Sells in 1031 Deal
Marcus & Millichap closed the sale of a 7,489-square-foot Dollar General located in Kansas, Illinois. The asset located at 504… Read more
’70s-Themed Restaurant/Bar Coming to San Diego’s Gaslamp Quarter
Urban Property Group (UPG) has secured the lease of 12,000 square feet for ’70s-themed restaurant/bar Good Night John Boy at… Read more
The NRP Group Completes Cleveland Affordable Housing Community
The NRP Group, a vertically integrated developer, builder and manager of multifamily housing, was recently joined by University Hospitals and… Read more
CBRE Promotes Ohio Restaurant, Retail Veteran Ken Stern
CBRE promoted Ken Stern to Senior Vice President in the firm’s Cleveland office. Stern is a 36-year commercial real estate… Read more