City: Cleveland

Crain's Cleveland Mark Rantala and Donald Sassano have left the Cleveland office of CB Richard Ellis to lead the new brokerage arm of United Commercial Property Group, a shopping center retail development firm led by Mark Escaja. The new hires ...

Crain's Cleveland Mark Nasca, a private investor based in Chagrin, Ohio, paid $21.5 million for 6200 Oak Tree, a multi-tenant office property in Independence, Ohio. LAM-Independence LLC, a private investment firm, sold the property.

Crain's Cleveland Matrix Realty Group, a Smithtown, N.Y. real estate firm, paid $12.5 million for Cleveland Technology Center, a 468,000-square-foot building that houses gear used by telecommunications companies to tap their fiber-optic networks. Qwest is its largest tenant. CB Richard ...

Cleveland Plain DealerThe Westgate Mall in Fairview, Ohio, will be converted from an indoor mall to a 600,000-square-foot open-air shopping center. Construction on the new open-air center will begin fall 2006 after the indoor mall is demolished. The new shopping ...

Wells REIT assumed $170 million of debt when it paid $315.7 million for a stake in Cleveland's Key Center.The financing was comprised of a $152.3 million mortgage from TIAA-CREF and New York State Teachers Retirement System that pays a rate ...

Wells REIT has confirmed that it is buying a 50 percent stake in Key Center, a mixed-use complex in downtown Cleveland.As reported, the Atlanta company would pay $312.2 million for the State Teachers Retirement System of Ohio's 50 percent interest ...

Cedar Shopping Centers has paid $31 million for two retail properties in New Bedford, Mass., and Kent, Ohio, totaling 276,000 square feet.The Port Washington, N.Y., REIT, paid $26.2 million for Fieldstone Marketplace, a 194,000-sf shopping center in New Bedford, which ...

The Denver REIT sold two portfolios, with 4,175 apartment units in Indianapolis and Ohio for a combined $154.5 million. The portfolios were sold to CNC Investments of Houston and Prime Quest Management of Chicago.

Monmouth Real Estate Investment Corp. has paid $8.6 million for 3245 Henry Road, a 79,485-square-foot industrial property in Richfield Ohio. Jones Cleveland LLC, a Missouri investment firm, sold the building. A subsidiary of Federal Express Corp., fully occupies the building ...