City: Cleveland

REBusiness Online Lifestyle Communities has secured a $17.8 million loan for its acquisition of a multifamily portfolio with 275 units in the Cleveland suburb of Shaker Heights, Ohio. Pembrook Capital Management provided the loan. The seller of the portfolio was ...

REBusiness Online KeyBank Real Estate Capital and KeyBanc Capital Markets have assembled $41 million of capital for the Carnegie Tower at Fairfax, a 171-unit seniors-housing property in Cleveland. The building receives Section 8 subsidies. KeyBank supplied $14 million of financing ...

Crain's Cleveland Business Beaty Capital Group has been tapped to develop a 19-story hotel that's been proposed for Cleveland's Midtown neighborhood. Dream Hotel Group, a New York hospitality company, will manage the 207-room property. If approved, work could start as ...

Crain's Cleveland Business The Solomon Organization has acquired a portfolio of five apartment properties with a total of 1,203 units in Northeast Ohio. The Fairfield Residential unit of Brookfield Asset Management sold the portfolio. The purchase price was not disclosed, ...

Berkadia has provided $57 million of Freddie Mac financing for the 247-unit Innova Living apartment property in Cleveland. The loan has a 12-year term and represents 80 percent of the collateral property's value. It was written before the coronavirus pandemic. ...

Crain's Cleveland Business Affiliates of Brennan Investment Group has paid $32 million for a portfolio of industrial properties in the Cleveland area. AIC Ventures of Austin, Texas, sold the portfolio, which consists of a warehouse complex at 5801 South Lee ...

Crain's Cleveland Business A venture that includes The Sommers Real Estate Group is developing an 87-acre industrial property in Mentor, Ohio, about 25 miles northeast of Cleveland. The project could have up to 1 million square feet.

Crain's Chicago Business Code Real Estate Partners has proposed redeveloping a pair of warehouse properties in Chicago into a residential property. The $64 million effort would involve remaking the 180,000-square-foot building at 2159 West Pershing into 125 apartment units, and ...

Somera Road Inc. has lined up $19 million of financing from CIBC Bank to fund the redevelopment of the former office building at 17800 Royalton Road in the Cleveland suburb of Strongsville, Ohio, into retail space. The loan, with a ...

Crain's Cleveland Business The tallest office building in downtown Akron, Ohio, has been put on the sales market. Huntington National Bank is offering for sale its 27-story namesake building at 106 South Main St. The bank occupies 11 of the ...