City: Cleveland

Another large office project has been halted because of fears that it wouldn't be easily leased, offering a vivid example of what's happening in many of the country's secondary markets.

August 13, 2001 Commercial Real Estate Direct Staff ReportCLEVELAND – Prime Group Realty Trust (NYSE:PGE) has received $67 million of floating-rate financing for the National City Center from Corus Bank.The five-year loan carries a rate pegged to three-month Libor plus ...

A group led by Walton Street Capital has hired Granite Partners to market for sale One Cleveland Center, one of the city's top office buildings. The property could sell for more than $80 million.

A $135 million hotel, office and condo project will proceed despite the departure of Larry Dolan, the owner of baseball's Cleveland Indians. The remaining investors are hunting for added capital.

October 30, 2000 NEW YORK – Radiant Investors LLC, which has agreed to buy a portfolio of properties from First Union Real Estate Equity and Mortgage Investments (NYSE:FUR), has lined up financing allowing it to complete the $205 million purchase.Separately, ...

Starwood Capital and Young Woo & Associates are looking for a large permanent loan on a Meadowlands development. Terremark Holdings' T-Rex affiliate is seeking funding for its Cleveland telecom hotel project.

October 3, 2000 Bentley Forbes Group LLC has completed the $75 million purchase of three properties in the Cleveland area and leased them back to their seller, Medical Mutual of Ohio.The cornerstone of the three-property portfolio is the 100-year-old Rose ...