Spec homes shell of past
After years of fewer prospective new-home buyers showing up, the 'build-it-and-they-will-come' mantra is gone from the lips of Northeast Ohio homebuilders.
4:30 am March 15, 2010
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Firms face challenge of selling churches
As if the commercial real estate market wasn't already in a secular sort of purgatory, you can add about 50 churches the Catholic Diocese of Cleveland expects to close and put up for sale in the...
4:30 am March 15, 2010
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Door soon closes on ability to file review of real estate taxes
Real estate taxes tend to provoke more emotion and angst than any other tax. These taxes are the single largest nonproductive expense a property owner will incur.
4:30 am March 15, 2010
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NAI Daus unit buys property management division of Akron's ASW Properties
The head of NAI Daus said the acquisition 'is in line with our mission and real estate service offerings.'
10:17 am March 9, 2010
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Developers Diversified receives $83 million in notes under tender offer
The real estate company's tender offer covered nearly $507 million of notes.
1:59 pm March 4, 2010
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Forest City Enterprises swaps big chunk of debt for preferred stock
Separately, the real estate giant said high-end retailer Saks Inc. has pulled out as a planned tenant of a big mixed-use development in New York.
8:25 am March 4, 2010
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Panzica Construction wins $9.9 million contract for rec center in Collinwood
It would be the first new recreation center in the city of Cleveland since 1997.
1:46 pm March 3, 2010
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MFS Supply opens warehouse in California
The Solon-based provider of lock boxes and property management supplies said the new distribution center will decrease shipping time and cost to West Coast customers.
1:53 pm March 1, 2010
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Leader Building owner gets reprieve from foreclosure
In a new and rare public development during the real estate credit crunch, the lender that recently instituted a foreclosure action against the owner of the Leader Building in downtown Cleveland...
4:30 am March 1, 2010
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Seattle's LMN Architects selected to design Cleveland convention center, medical mart
The West Coast firm beat out two other architects to create the basic design and schematics for the $400 million complex.
2:22 pm February 25, 2010
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