Cleveland
KUD Joins UPA for 50-Block Urban Project in Ohio
By Adrian Maties, Associate Editor
Last month, the University Park Alliance, a non-profit community development corporation, signed a master services agreement with internationally recognized real estate developer KUD International L.L.C. that will move forward significant change for the city’s downtown area.
UPA, […]
Uptown Project Attracts Retail, Restaurants to University Circle
By Adrian Maties, Associate Editor
Though months from opening, the Uptown Project in Cleveland’s University Circle is fast running out of retail room. Already, 95 percent of the ground-floor space in two apartment buildings has been filled by local and national […]
JV Plans $64M Makeover of Cleveland’s Crowne Plaza
By Adrian Maties, Associate Editor
Optima Ventures and Sage Hospitality partnered to buy downtown Cleveland’s second-largest hotel, The Crowne Plaza Cleveland City Center. The joint venture paid $9 million cash for the 472-room hotel and parking garage, and plans to invest […]
Foreign Investors to Help Build New American Greetings HQ
By Adrian Maties, Associate Editor
American Greetings Corp. has struck a deal with the Cleveland International Fund to finance its planned new world headquarters. Announced in May, the facility, to be constructed in Crocker Park, will house more than 1,000 jobs and […]
HeartLab Signs New Lease in Midtown’s Health-Tech Corridor
By Adrian Maties, Associate Editor
HeartLab, a leading specialty clinical laboratory and disease management company, has signed a 10-year lease for 27,000 square feet at the MidTown Tech Park. The new building, located in Cleveland’s emerging Health-Tech Corridor, was constructed to attract […]
Cleveland’s Historic Arcade Fails to Attract Bidders
By Adrian Maties, Associate Editor
The historic Arcade building in downtown Cleveland hit the auction block last week, after a two-year foreclosure process. Despite the property’s $7.7 million price tag, it failed to attract a single bid.
The landmark property includes a 293-room […]
Cuyahoga County Land Bank Rebuilds Neighborhoods, Thanks to New Financing Sources
By Adrian Maties, Associate Editor
On Aug. 29, the Cuyahoga County Land Reutilization Corporation, also known as the Cuyahoga County Land Bank, received approval to change its source of funding.
The land bank works with cities, lenders, government units or individual property owners, […]
Nestlé Plans Expansion at L.J. Minor Manufacturing Plant
By Adrian Maties, Associate Editor
Global food giant Nestlé broke ground Aug. 18 on a $20 million-plus, two-story, 75,000-square-foot expansion of its longtime L.J. Minor manufacturing plant in Cleveland. The Swiss food icon is also planning a major research-and-development facility in […]
New Rehabilitation Hospital to Open in Beachwood
By Adrian Maties, Associate Editor
University Hospitals and Nashville-based Centerre Healthcare Corp. announced a joint venture to construct a freestanding in-patient rehabilitation hospital in the Cleveland suburb of Beachwood.
The 50,000-square-foot, 40-bed facility will cost $17 million to construct. It will be […]
Work on Avon Clinic Nears Completion
By Adrian Maties, Associate Editor
Work on Cleveland’s Avon Family Health & Surgery Center is nearing completion. Soon, the $97.9 million will be finished and will be able to receive patients. Dr. Joseph Knapp, medical director of the Westlake Family Health Center, […]