Cleveland

Cleveland's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.

News

Whirlpool Completes $179M Sale-Leaseback Portfolio Deal

John Jordan |

Four of the U.S. Whirlpool sites are located in Ohio—Marion, Findlay, Ottawa and Clyde—and one is in Cleveland, TN. Two properties are in Fabriano, Italy.
News

Industrial Logistics Properties Trust Launches $680M JV with Asian Investor

John Jordan |

The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.
News

Sherwin-Williams to Spend More than $600M on New Global Headquarters, R&D Center in Ohio

John Jordan |

Preliminary plans call for Sherwin-Williams to invest a minimum of $600 million to build both facilities in the Cleveland suburb.

News

Jefferson Health Looking to Sell Some RE Assets to Welltower

John Jordan |

Under the terms of a Memorandum of Understanding, Welltower and Jefferson would create a joint venture whereby Welltower would acquire a stake in certain real estate assets of Jefferson.
News

GCM Grosvenor to Buy Interest in Ohio Plant Under Development for $150M

John Jordan |

Long Ridge is located on 1,660 acres and includes a 485 MW power plant currently under development, nearly 300 acres of available flat land, two barge docks on the Ohio River, a unit train capable loop track and direct truck access to Ohio Route 7.
News

Philadelphia City Council Passes Key Tenant Protection Bill

John Jordan |

Philadelphia now joins San Francisco, New York City, Cleveland and Newark, NJ in the right to counsel movement. Similar legislation is advancing in Detroit, Los Angeles, Denver, and other cities across the country.
News

Miami Valley Gaming Proposes $100M Racino Expansion

John Jordan |

The proposed expansion would bring the total VLTs in operation to approximately 2,200 and add more than 10,000 square feet of gaming floor space.
News

Morgan Properties Buys 18,000-Unit Portfolio from Embattled Firm

John Jordan |

Morgan Properties acquired the portfolio from Pittsford, NY-based Morgan Communities, which has no relation to the Pennsylvania-based company.
News

VICI Properties to Acquire JACK Cleveland Casino, JACK Thistledown Racino in $843.3M Sale-Leaseback Deal

John Jordan |

JACK Cleveland Casino opened in May 2012 in the historic Higbee Building in Downtown Cleveland, featuring 96,000 square feet of gaming space.
News

Hudson Valley Property Group Buys and Looks to Renovate Newark Apartment Complex

John Jordan |

The new owner plans to undertake a $20-million capital improvement program at the property that consists of 26 three-story apartment buildings spread out over 10 acres.

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Resources

The Four Success Pillars of Commercial Real Estate

From RealPage

These four pillars of success will help you leverage the strength of the CRE market in 2020; while navigating unexpected industry challenges to thrive and separate yourself from the competition.

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