Fairmount Properties
Ohio Mixed-Use Center Gets $172M Refi
The floating-rate loan for the owners of Pinecrest in a Cleveland suburb was provided by Square Mile Capital Management LLC and replaces existing construction debt.
Top 10 Office Projects Under Construction in Ohio
The state’s office market is expected to recover this year. There are 20 projects totaling roughly 1.8 million square feet scheduled for completion by the end of 2018, more than double the deliveries of 2017.
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.