Commercial Real Estate Direct Staff Report A venture of Namdar Realty Group and Mason Asset Management has paid $54 million, or $42.86/sf, for the 1.26 million-square-foot office property at 200 Public Square in Cleveland. Namdar and Mason, both of Great ...
The amount of office space in Cleveland totaled 90.8 million square feet in the fourth quarter of last year, according to Cushman & Wakefield. That's down from 157.4 million sf at the start of 2023. The removal of so-called "zombie" ...
The Wolstein Group has signed insurance and risk-management company Oswald Cos. to 100,000 square feet at its Ernst & Young Tower in Cleveland. That helped facilitate a lengthy term extension of what had been a $75 million CMBS loan against ...
Commercial Real Estate Direct Staff Report Carter Properties, which had paid $41.75 million for the 147,135-square-foot West Bay Plaza in suburban Cleveland, funded its purchase with a $29.23 million mortgage that was provided by Goldman Sachs Bank. The 10-year loan requires ...
Commercial Real Estate Direct Staff Report Carter Properties has paid $41.75 million, or $283.75/sf, for West Bay Plaza, a 147,135-square-foot retail center in Westlake, Ohio, about 16 miles west of Cleveland. The Bratenahl, Ohio, company purchased the property from SITE ...
REBusiness Online Marquee Capital had paid $31.5 million, or $152.17/sf, for the 207,000-square-foot Pavilion Shopping Center in Beachwood, Ohio. The Milwaukee, Ill., company purchased the property from an undisclosed seller, which was represented by Matthews Real Estate Investment Services. The ...
JLL Capital Markets has secured $38.5 million of financing for the construction of Residences at Bolivar, a 184-unit apartment property in Cleveland. The financing, which was provided by an unnamed regional bank, was arranged on behalf of the property's developer, ...
REBusiness Online A partnership of Flaherty & Collins Properties and the City of Cleveland Heights, Ohio, has broken ground on the 204-unit Marquee at Cedar Lee apartment property. It will cost $60 million to develop and is being constructed at ...
REJournals.com KeyBank has provided $50 million of Freddie Mac financing against the Lumen, a 318-unit apartment property in Cleveland. The financing pays a fixed-rate and includes five years of interest-only payments. The Freddie financing allows the owner and developer of ...
Cleveland Business Journal An affiliate of Spark Hotels has paid more than $19 million, or $97,938/room, for the 194-room Hampton Inn hotel in downtown Cleveland. The Solon, Ohio, hospitality company purchased the property from Noble Investment Group, which had acquired ...
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© 2023 Commercial Real Estate Direct All rights reserved..