Cleveland
Leader Building Still Seeking New Owner
By Adrian Maties, Associate Editor
The Leader Building, a Class B office building in downtown Cleveland, hit the auction block on Nov. 13. Despite fetching a high bid of nearly $7.7 million during an online auction, the property won’t be sold.
Constructed […]
Oswald Cos. Leases Three Floors in 1100 Superior Building
Oswald Cos., one of the nation’s largest independent, employee-owned insurance companies, has been looking for space all over Cleveland to accommodate its needs.
Mercy Medical Center Plans Expansion; Ohio City to Receive 72 Market-Rate Apartments
Canton’s Mercy Medical Center plans to increase the size of its emergency department. According to the Akron Beacon Journal, the hospital is looking to finalize plans for the 14.5 million-square-foot renovation and construction project.
Hyland Gets Tax Breaks for Westlake Expansion; Diebold Suspends Plans for New HQ
Earlier this month, the city of Westlake’s planning commission approved Hyland Software Inc.’s plans to build an office across the street from its headquarters on Clemens Road.
Parmatown Mall Sold to Phillips Edison & Co.
Cincinnati-based Phillips Edison & Co., a fully integrated retail real estate company, is the new owner of Parmatown Mall, one of the largest retail properties in Northeast Ohio.
Developers Start Work on Luxury Aloft Hotel in Beachwood
BGL Real Estate Advisors, a subsidiary of Brown Gibbons Lang & Co., and Cleveland real estate developer Scott Berkowitz broke ground on Monday, Oct. 15, on a luxury aloft hotel at the Chagrin Highlands corporate center in Beachwood.
U.S. Green Building Council Awards LEED Certification to Four Cleveland Clinic Facilities
The Cleveland Clinic announced last week that four of its facilities have earned LEED certification from the U.S. Green Building Council. This brings its total to 10 LEED buildings, with two more on the way.
Noble Investment Group Buys Embassy Suites Cleveland-Beachwood
Atlanta-based Noble Investment Group, a leading private lodging and hospitality organization, has purchased the Embassy Suites Cleveland/Beachwood hotel in Beachwood. It is the investor group’s sixth acquisition this year.
Summa Health System Pays $6.1M for Former Roadway Express HQ
Summa Health System, Summit County’s largest employer, recently purchased the former Roadway Express Inc. corporate headquarters building just off Route 8 in north Akron.
Apartments Coming to Cleveland
By Adrian Maties, Associate Editor The time is ripe for apartment construction, and developers are heeding the call. With most private sectors adding jobs in the Cleveland area, payrolls are expected to grow this year at the fastest pace in more than a decade. In the coming months, improvements in the local economy will support […]