Cleveland
All Eyes on Core in Cleveland
The growing number of renters looking to live near work, transportation, retail and entertainment options, coupled with limited housing supply, is stimulating rent growth.
BGSU, JLL Carry Forward $200M Master Plan
The long-term initiative comes alive with the opening of a high-tech facility. In line with the academic-focused phase of the project, BGSU will be renovating, constructing, demolishing and upgrading more than a dozen buildings across the campus.
Foundation Software Expands Ohio Office Campus
The company acquired an additional 18,000-square-foot building just one mile from its main office location to accommodate its growing employee base.
Glimcher Group Expands Ohio Footprint
The company purchased the 95,446-square-foot North Olmsted Towne Center for $15.9 million from Norcar Co. LLC. The retail center comprises four buildings, with tenants such as David’s Bridal and Party City.
GrafTech’s Ohio HQ Up for Sale
Home to the firm since 1973, the facility in Parma, Ohio, offers 200,000 square feet of office space and more than 100,000 square feet of industrial space.
National Asset Services Adds 6 to Retail, MOB Portfolio
The company has been appointed property and asset manager of the Sherwood Village shopping center in San Angelo, Texas, and five newly built medical office buildings in Texas, Pennsylvania, Ohio and Massachusetts.
Accurate Group Announces 2 New VPs of Sales
In their new roles, Matthew Lichtner and Richard Heltzel will lead the company’s sales efforts on the West Coast and in the Northeast, respectively.
Cleveland Mixed-Use Project Lands $142M Financing
HFF secured the financing on behalf of development partners Fairmount Properties and the DiGeronimo Cos. Scheduled for completion in spring 2018, Pinecrest will offer more than 400,000 square feet of retail, restaurants and entertainment.
Cleveland-Area Massive Project Lands $49M in Financing
Preston Hollow Capital completed financing of Pinecrest, a $240 million development currently underway in Cleveland’s suburb Orange Village. Developer Fairmount Properties plans to complete the project by mid-2018.
Parkwood Buys Stake in Private Equity Firm
The firm bought 10 percent of global private equity firm The Riverside Co. The investment will be used exclusively to grow existing initiatives.