Forest City Enterprises Inc. plans to sell off large portions of its land business
The big developer said it expects a pre-tax impairment charge of up to $160 million in the quarter as a result of the decision.
February 2, 2012, 4:00 pm
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Legacy Village adds two retailers, and soon will add a couple more
The latest tenants include home furnishing retailers and a Vietnamese restaurant.
February 2, 2012, 9:26 am
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DDR Corp. program looks to aid entrepreneurs through use of its vacant space
DDR said qualified entrepreneurs participating in its Set Up Shop program will receive flexible lease terms 'designed to limit some of the barriers associated with starting a business.'
February 2, 2012, 9:03 am
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DDR Corp. secures $353 million in new long-term debt
The new debt will help the company consolidate existing debt that matures this year.
January 31, 2012, 9:58 am
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Commercial property sales rebound in '11
The volume of Northeast Ohio commercial property sales climbed to $405 million in 2011, up 40% from $290 million in 2010, according to a new report by Alec Pacella, a senior vice president at the NAI...
January 23, 2012, 4:30 am
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Northeast Ohio home sales climb 16% in December vs. year earlier
The regional housing market outpaced the statewide market.
January 20, 2012, 10:41 am
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Starwood Hotels announces details of planned Westin hotel in downtown Cleveland
The Westin will replace the former Crowne Plaza.
January 18, 2012, 2:34 pm
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Developer taking steps toward apartments near Beachwood Place
Goldberg Cos. wants to rehab a long-dormant site near its plush Four Seasons complex.
January 16, 2012, 7:39 am
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Surprises ahead in downtown apartment push
As apartment fever infects Northeast Ohio's real estate community, developers and investors are buying and eyeing some unexpected buildings for potential conversion to apartments in downtown...
January 16, 2012, 4:30 am
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GrafTech puts 21st-century twist on materials it's made for 126 years
GrafTech International has been hiring there at a steady clip again. In 2010, the company employed 98 people in the city.
January 16, 2012, 4:30 am
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Associated Estates Realty Corp. completes $350 million credit agreement
It amends and replaces the company's current $250 million agreement.
January 13, 2012, 10:02 am
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Great Lakes Mall to add H&M among group of new tenants
Other current tenants also plan to occupy new space in the renovated mall in Mentor.
January 11, 2012, 9:06 am
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DDR Corp., Blackstone team on $1.4B deal for 46 shopping centers
Beachwood-based DDR said the portfolio is 90% leased.
January 10, 2012, 5:54 pm
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Industrial real estate vacancies inch down
For the first time in three years, the report shows, vacancy declined in Northeast Ohio's industrial market, to 11.9% as of year-end 2011 from 12.8% at the end of 2010.
January 9, 2012, 4:30 am
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Ferro Corp.'s former headquarters sold to Mandel-related investment firm
Parkwood Corp. paid $2.3 million for the building in downtown Cleveland.
January 3, 2012, 2:40 pm
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DDR Corp. names former Ulmer & Berne partner to key post
Mark Floyd will be the real estate investment trust's executive VP of employment.
January 3, 2012, 11:39 am
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New Arcade owner eyes apartments at Hyatt
The quest by Skyline International Development of Toronto to make a go of the landmark Old Arcade in downtown Cleveland includes a possible switch to residential use of part of the building that...
January 2, 2012, 4:30 am
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Public bodies laud new rules governing building process
The budget signed by Gov.
January 2, 2012, 4:30 am
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ECONOMIC OUTLOOK 2012
Real estate
Summing up the real estate market, Karen Eilers Lahey, who teaches real estate at the University of Akron, offers a surprising parallel: 'There is a good analogy in the Great Depression.
January 2, 2012, 4:30 am
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PlayhouseSquare agrees to sell Hanna Building Annex to K&D Group
K&D plans to convert the office property into 102 apartments.
December 29, 2011, 2:54 pm
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State's Historic Preservation Tax Credit allocations favor Northeast Ohio
Eight of 13 projects that received credits are from the Cleveland and Akron areas.
December 22, 2011, 1:01 pm
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Gilbane Building to provide construction management service to Elyria schools
It will oversee an $88 million construction initiative for the Elyria City Schools.
December 21, 2011, 11:02 am
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Forest City Enterprises to participate in president's Better Buildings Challenge
It's committing to reduce energy consumption by 20% by 2020 across its national real estate portfolio.
December 19, 2011, 11:10 am
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Groundwork begins for Courtyard by Marriott at University Circle
The $27 million hotel is expected to open in late 2012.
December 15, 2011, 12:05 pm
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DDR Corp. hires Australian for key executive post
Luke Petherbridge will serve as senior VP of capital markets at the real estate investment trust.
December 15, 2011, 8:50 am
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Cleveland casino on track for opening in late March
Construction crews are working two, 10-hour shifts daily to complete the transformation of the former Higbee Building.
December 13, 2011, 3:04 pm
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Radisson Hotel near Quicken Loans Arena under new management
Marshall Hotels & Resorts Inc. adds the hotel in downtown Cleveland to its management fold.
December 13, 2011, 9:23 am
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Web of investments intersects in Midtown
Right now, more than a half-dozen development deals are in progress or are on the horizon nearby, with a significant amount of the activity coming from companies usually focused on the greener...
December 12, 2011, 4:30 am
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EARNINGS
Forest City Enterprises reports smaller third-quarter loss than year earlier
Its results were dinged in the latest third quarter by two significant impairment charges.
December 9, 2011, 10:37 am
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Ritz-Carlton Cleveland to change hands in $36.5 million deal
Rock Ohio Caesars, the company that will run Cleveland's casino, is buying the hotel from Forest City Enterprises and is taking over Chase Office Tower, which sits below the Ritz.
December 9, 2011, 8:42 am
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DDR Corp., Glimcher Realty Trust complete shopping center swap
DDR picks up Polaris Towne Center in Columbus and Glimcher buys a mall in Kansas.
December 8, 2011, 9:18 am
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Cuyahoga County nonprofit, HUD renew property transfer agreement
Under the pact, the Cuyahoga Land Bank pays HUD $100 for abandoned properties and either repairs or destroys them.
December 8, 2011, 10:54 am
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Cedar Fair deal to sell California's Great America amusement park falls through
The real estate investment firm that planned to buy the park for $70 million backed out of the deal.
December 7, 2011, 9:42 am
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Cleveland's Old Arcade to be purchased by Toronto-based investor
The Canadian hotel operator acquired the property that houses a Hyatt Hotel in a foreclosure auction.
December 5, 2011, 11:34 am
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DDR Corp. launches mobile marketing service ValuText
The service allows opted-in shoppers to receive text messages about retailers' deals in real time.
December 5, 2011, 8:47 am
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AmTrust Financial Services to bring hundreds of jobs to downtown Cleveland
The property and casualty insurer plans to set up shop in the office tower at 800 Superior Ave., where it eventually could house 1,000 employees.
December 5, 2011, 2:14 pm
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In construction, boom and bust
Multimillion-dollar projects in downtown Cleveland have several construction trades experiencing a boom time along with the cadre of national and local subcontractors that employ those workers.
December 5, 2011, 4:30 am
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Beachwood eyes key commercial connection
Beachwood is marking its re-entry into the economic development business with a move forward and a step back.
December 5, 2011, 4:30 am
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Feds channel $1 million into Reimagining Cleveland program
The money will go toward new ways to use vacant residential land.
December 2, 2011, 2:39 pm
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Forest City Enterprises unit to lead transit-oriented development project in Atlanta
The project will be developed on a nearly 120-acre site in the city.
December 1, 2011, 9:19 am
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Room for expansion drives cleaning supply wholesaler's move
Starmax Resource LLC leased the 115,000-square-foot industrial building at 14301 Industrial Ave.
November 28, 2011, 4:30 am
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Lending is back for big-ticket property
Commercial real estate lending in Northeast Ohio has begun its journey down the comeback trail, though obstacles remain for developers and property buyers that are keeping the path to loans from...
November 21, 2011, 4:30 am
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MetroHealth's building plan won't stop at one
MetroHealth CEO Mark Moran sees a planned $23 million health center in Middleburg Heights as a key component in the health system's quest to hang on to its market share and make inroads with new...
November 14, 2011, 4:30 am
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Rising home sales suggest modest market rebound, yielding hope for real estate stakeholders
NORMLS reports the number of residential properties under contract in its 15-county coverage area was up 22% in September, to 2,932 from 2,405 in September 2010.
November 14, 2011, 4:30 am
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City to make splash with lakefront development plan
It could take 20 years or more to flesh out what basically is a broad concept for future development along nearly three miles of Lake Erie waterfront.
November 14, 2011, 4:30 am
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