City: Cleveland

Omni Smart Living has lined up $73.6 million of financing against a pair of age-restricted residential properties with a combined 328 units in North Olmsted, Ohio. The Solon, Ohio, company is using the three-year loan, which was provided through a ...

REBusiness Online Metropolitan Holdings has received approvals to build a 298-unit apartment property at the intersection of South Arlington Road and East Turkeyfoot Lake Road in Green, Ohio, about 45 miles south of Cleveland. The Columbus, Ohio, developer expects to ...

The removal of 1 million square feet of so-called "zombie," or vacant, office space from Cleveland's office market has resulted in a sharp decline in the city's vacancy rate, to 17.9 percent. That rate is the lowest it's been since ...

Cleveland Business Journal Hertz Investment Management is offering for sale Fifth Third Center, a 513,152-square-foot office property in Cleveland. The Woodland Hills, Calif., investment firm had acquired it in 2015 for $53.8 million. The property, at 600 East Superior Ave., ...

Cleveland Business Journal Playhouse Square is offering for sale the Lumen, a 318-unit apartment property in Cleveland. The local developer tapped JLL to market the property, which is expected to sell for $159 million. Playhouse Square developed the property in ...

Crain's Cleveland Business Lone Star Properties has paid $34.25 million, or $236.21/sf, for the ABB building, a 145,000-square-foot office and industrial property in Highland Hills, Ohio. The Dallas company purchased the property as part of a 1031 exchange from a ...

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 ...