City: Cleveland

Commercial Real Estate Direct Staff Report The Cleveland industrial market saw 814,115 square feet of negative absorption during the second quarter, adding to the 90,482 sf of negative absorption in the first, according to Newmark, making it an anomaly among ...

First National Realty Partners has paid $38.3 million, or $275.78/sf, for Cedar Center South, a 138,881-square-foot retail center in University Heights, Ohio, about nine miles east of Cleveland. The Red Bank, N.J., investment manager, which owns 31 retail properties with ...

Easterly Government Properties Inc. has acquired the 61,384 square-foot office property at 925 Keynote Circle in the Cleveland suburb of Brooklyn Heights, Ohio., from a local investor group. The three-story property, which was built in 1982, and is fully leased ...

KKR & Co. has provided $72.9 million of financing for the Beacon, a 187-unit apartment building in downtown Cleveland. The seven-year loan, which pays a four percent coupon, was arranged by Berkadia. It allowed the 29-story property's developer and owner, ...

Cleveland Business Journal Midwest Development Partners has broken ground on Artisan Circle Square, a 298-unit apartment property in Cleveland. The local developer is building the property at the corner of Chester Ave. and Euclid Ave., five miles east of downtown ...

An affiliate of Cantor Fitzgerald has paid $30.8 million, or $182.52/sf, for the 168,750 square-foot industrial property at 10801 Madison Ave. in Cleveland. The New York investment bank, which sponsors a pair of non-traded REITs, bought the property from Weston ...

A venture of Weston Inc., DiGeronimo Cos. and Scannell Properties has paid $31.5 million, or $18.53/sf, for the 1.7 million-square-foot industrial property at 18300 Snow Road in Brook Park, Ohio. Ford Motor Co., the seller of the property, previously used ...

Apollo Commercial Real Estate Finance Inc. has provided $81 million of financing against the 241-unit Flats at East Bank Apartments in Cleveland. The loan allowed the property's owner, the Iris S. Wolstein Trust, to retire $72 million of distressed CMBS ...

REJournals.com A venture led by NRP Group has lined up $12.8 million of financing for the development of Via Sana, a 72-unit affordable-housing project in Cleveland. The venture, which includes MetroHealth and CCH Development Corp., obtained a $9.5 million construction ...

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 ...