City: Cleveland

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 ...

REJournals.com JDI Realty LLC has acquired LA Centre Office Plaza I and II, a two-building property with 139,805 square feet in Westlake, Ohio, about 13 miles west of Cleveland. The sales price could not yet be learned. Newmark represented the ...

Cleveland's office market reported 4,570 square feet of positive absorption in the second quarter, according to Newmark. While that's a relatively small number, the quarter marks the third straight period of positive absorption in the city.

Cleveland Business Journal A group of Brooklyn, N.Y., investors has acquired the 164-unit Barrington Place Apartments in Westlake, Ohio, about 15 miles west of Cleveland. The investor group, led by Moses Mizrahi, a New York real estate investor, purchased the ...

Crain’s Cleveland Business DSV has agreed to fully lease the 368,537-square-foot industrial property at 9780 Mopar Drive in Streetsboro, Ohio, about 30 miles southeast of Cleveland. The property was built in 2011 and has 32-foot clear heights, 68 dock positions, ...