Cleveland
Concord Summit Capital Closes $122 Million in Financing for Active-Adult Development
Concord Summit Capital has closed $122 million in financing for a 55-plus luxury rental community under construction in Port St.… Read more
Leveraging the Reverse Build-to-Suit Technique
By Simon Assaf & Matt Wallace In a traditional build-to-suit (BTS) lease, the landowner takes responsibility for constructing and financing… Read more
KeyBank Secures $10M for Ohio Senior Housing Complex
KeyBank Community Development Lending and Investment provided $9.9 million in low-income housing tax credit equity to finance the conversion of… Read more
Warren Blazy III, Eric Smith Join CBRE’s Cleveland Office
Warren Blazy III and Eric Smith have joined CBRE’s Cleveland office as Senior Vice President and Senior Associate, respectively. Blazy… Read more
Five Design Elements to Help Promote Sustainability
Net zero carbon objectives are driving many things, including the commercial real estate industry. They’re also driving cities, prompting leaders… Read more
Citymark Capital Names Matthew Hirsch Managing Director, Structured Capital Markets
Matthew Hirsch has joined Citymark Capital, a private equity real estate investment firm based in Cleveland, as the managing director… Read more
CBRE Names Market Leader for Cleveland, Akron
CBRE appointed Andrew Coleman managing director and market leader for its Cleveland and Akron business. He will oversee business operations… Read more
KeyBank Provides $30M for Cleveland Foundation’s Midtown Collaboration Center
KeyBank Institutional Advisors and KeyBank Community Development Lending and Investment (CDLI) provided $30 million of financing to the Cleveland Foundation… Read more
JLL Arranges Debt and Equity on Cleveland Luxury Apartment Project
JLL Capital Markets arranged $38.5 million in construction financing, in addition to co-GP equity, for Residences at Bolivar, a 184-unit,… Read more
Waterton Hires SVP Investor Relations
National real estate investor and operator Waterton hired Matt Porath as an SVP of investor relations. Based out of Cleveland,… Read more
Eastern Union Arranges Acquisition Financing on Two Suburban Cleveland Retail Centers
Eastern Union arranged $10,950,000 in financing for the acquisition of two neighborhood shopping centers in Mentor, OH, a suburb of… Read more
Cleveland-Area Holiday Inn Express Trades at Cap Rate Below 5%
Marcus & Millichap closed the sale of Holiday Inn Express & Suites Cleveland – Streetsboro, a 68-key hospitality property located in Streetsboro, OH. The price wasn’t disclosed. … Read more
The NRP Group Completes 180-Unit Affordable Community in Northeast Charlotte
Cleveland, OH-based The NRP Group has completed Sundale Flats, a 180-unit affordable housing community located at 2019 Aberdale Farm Lane… Read more
Hospitality Real Estate JV Acquires Downtown Cleveland Hampton Inn
Spark GHC, a private real estate joint venture focused on hospitality assets in the Midwest, has acquired the Hampton Inn… Read more
Save-A-Lot Supermarket Will Replace Whole Foods in Englewood
The former Whole Foods on 63rd Street and Halsted in Englewood, once touted as the start of a new chapter for a… Read more
Net-Leased Missouri Walmart Trades to LLC
Marcus & Millichap Real Estate Investment Services, Inc. arranged the sale of a 43,770-square-foot net-leased Walmart property located in Malden, MO. The asset… Read more
Pembrook Lends on Recapitalization for Ohio Apartments
Pembrook Capital Management LLC, a leading multifamily bridge loan lender, provided a $28,150,000 first mortgage bridge loan to finance the… Read more
CP Capital, The NRP Group to Develop 390-Unit Multifamily in Silver Spring
A joint venture comprised of CP Capital and The NRP Group is developing a 390-unit multifamily project in Silver Springs,… Read more
Milwaukee-Area Retail Center Finds Buyer
Marcus & Millichap arranged the sale of Bayshore Area Retail Plaza, a 13,763-square-foot retail property located in Glendale, WI, a… Read more