David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Cleveland
Cleveland-Area Offices See Sharp Drop in Appraised Values
Commercial Real Estate Direct Staff Report The appraised value of the Landerbrook Corporate Center and Metropolitan Plaza, a pair of office properties in suburban Cleveland that back $39.23 million of CMBS financing has been lowered by 47.5 percent to $24.1 ...
Work Starts on 747,000-SF Industrial Property Near Cleveland
REBusiness Online Scannell Properties has broken ground on a 747,000-square-foot industrial property next to 15150 Madison Road in Middlefield, Ohio, about 45 miles east of Cleveland. The Indianapolis developer is building the property on behalf of HC Cos., which manufactures ...
$90.5Mln CMBS Loan Against Cleveland Offices Matures, Moves to Special Servicer
Commercial Real Estate Direct Staff Report The $90.5 million CMBS loan against the 873,335-square-foot Northpoint Tower office property in Cleveland has defaulted at its maturity last month. As a result, it has transferred to special servicer K-Star Asset Management. The ...
EQT Exeter Pays $40.25Mln for Industrial Property Near Cleveland
Commercial Real Estate Direct Staff Report EQT Exeter has paid $40.25 million, or $92.71/sf, for Gateway Commerce Center, a 434,171-square-foot industrial property in Streetsboro, Ohio, which is roughly midway between Cleveland and Akron, Ohio. The Radnor, Pa., investment manager purchased ...
200 Public Square
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 Neck, N.Y., purchased the property from ...
Industrial Property Near Cleveland Sells at More Than 40 Percent Discount
Crain's Chicago Business Royal Oak Realty Trust has paid $18.25 million, or $52.56/sf, for the 347,205-square-foot industrial property at 7501 Performance Lane in Ridgeville, Ohio. The Rochester, N.Y., REIT purchased the property from LCN, which had acquired it in 2017 ...
1.26Mln-SF Office Property in Cleveland Sells at a Loss for $54Mln
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 ...
Cleveland’s Office Inventory Shrinks by 42.3 Percent
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" ...
Wolstein Group Negotiates Term Extension of Loan Against Cleveland Office
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 ...
Buyer of Ohio Retail Center Gets $29.23Mln Loan from Goldman Sachs
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 ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
