Cleveland
New York Investors Buy Twinsburg Office Complex for $13M
A Greater Cleveland office complex changed hands last month. Luttner Real Estate Investment Services announced that Twinsburg’s Canyon Falls Corporate Center was acquired by an unnamed investment group from New York for $13.075 million.
Lorain to Gain New Adult Rental Community
The Greater Cleveland area is about to get more residential units. Work is scheduled to start this winter on the The Village at Lighthouse Point, a new, upscale adult rental community which is expected to offer a much-needed rental alternative to those seeking residence in the city of Lorain.
Cleveland Arts and Social Sciences Academy Building Sells for $4M
The Cleveland Arts and Social Sciences Academy’s building on the city’s East Side is now under new ownership. The property was recently acquired for $4 million by American Education Properties.
Beachwood Developer Plans 200,000-SF Distribution Center in Solon
ORG Holdings LLC intends to build a 200,000-square-foot warehouse on an 11-acre site located at 6801 Cochran Road.
Cleveland Browns Continue with Phase II of Renovations at FirstEnergy Stadium
Last Wednesday, the Cleveland Browns released more details about the second phase of the FirstEnergy Stadium Modernization Project. It is the final phase of a $125 million makeover, expected to improve the fan experience and also help the team win as many games as possible.
Macy’s to Close Richmond Heights Store
Macy’s announced last Thursday, January 8, it will close its store in the Richmond Town Center, in Richmond Heights. The decision is just one of a series of initiatives meant to help the company evolve and keep up with the changing face of retail.
Cleveland’s Charter One Bank Building Changes Owners
Another Cleveland office building changed hands this month. The Charter One Bank Building, in downtown Cleveland, was sold to two out-of-state investors for an undisclosed price.
Forest City Sells Cleveland’s Halle Building for $20M
One of Cleveland’s oldest landmark buildings has changed hands. Forest City Enterprises, Inc. announced at the start of December that it has completed the sale of the Halle Building. The property was acquired by affiliates of K&D Management, LLC, for $20 million.
Kent State to Invest More Than $142M in Construction, Renovation Projects
On Wednesday, December 3, Kent State University announced it will spend more than $142 million for the construction and renovation of several buildings on its campus.
Visconsi Plans to Add 205 Apartments in Little Italy
More than 200 new apartments are coming to Cleveland. A Pepper Pike-based developer plans to build a six-story apartment building in the city’s Little Italy Neighborhood.