Real Estate News
Intel to Invest at Least $20 Billion in New Chip Factories in Ohio
January 21 2022
Intel has selected Ohio for a new chip manufacturing complex that would cost at least $20 billion, ramping up an effort to increase U.S. production of computer chips as users grapple with a lingering shortage of the vital components.Bill Cosgrove, driving force in mortgage business, buys Medina Country Club
January 20 2022
MEDINA, Ohio - When an avid golfer has all the right equipment -- the clubs, the cart and other accoutrements -- what comes next?SVN® Earns Global Recognition as a Real Leaders®️ Top Impact Company of 2022
January 12 2022
Real Leaders is thrilled to announce its 200 Top Impact Companies from around the world. Among thousands of companies considered, Real Leaders has selected SVN International Corp. (SVN), a full-service commercial real estate franchisor of the...Is Single-Family Build-to-Rent a True Missing Middle Solution?
November 29 2021
The missing middle—defined here as households who earn between 80% and 120% of the area median income—occupies a difficult position in the housing market. In many areas, households at this level do not qualify for subsidized housing, cannot ...CVS had every advantage, but it lost the pandemic. Here's what happened
November 22 2021
New York (CNN Business) - CVS' announcement Thursday that it will close 900 stores over the next three years — around 10% of its pharmacies — may have caught some shoppers off guard.Real Estate Interest in Farmland is Sprouting, as Land Values Are Up 7% Nationally Year Over Year
September 15 2021
Soaring land values, inflation concerns and a desire among real estate investors to diversify their portfolios is prompting new interest in farmland real estate.New Sherwin-Williams renderings show how new HQ will fit in with nearby downtown skyscrapers
September 06 2021
CLEVELAND, Ohio — Sherwin Williams plans for its new downtown Cleveland headquarters show a 600-foot-plus building that will tower over everything else west of Public Square.EXCLUSIVE: Shopify To Open First U.S. Distribution Center In Georgia
August 30 2021
Shopify, which operates e-commerce platforms for independent retailers, has signed a lease for a 563K SF under-construction distribution facility in Newnan, Georgia, sources familiar with the deal tell Bisnow.Oak Hill Advisors Leads Group Investing $326.5 Million in Suburban Office Property Company
August 26 2021
An investment group led by Oak Hill Advisors’ new real-estate business is making a $326.5 million investment in a suburban office building company on the premise that the property type will benefit from shifting work and living patterns accelerated...Lumber drops to nine-month low, extending retreat from record
August 11 2021
Lumber futures slid to the lowest in more than nine months after sawmills ramped up production and demand from builders stabilized. September futures in Chicago fell as much as 4.4% to $482.90 per thousand board feet, the lowest for a most-active...Apartment Rents Increase as Young Workers Head Back to Cities
August 04 2021
Apartment rents are rising fast, boosted by young professionals returning to cities and an expensive housing market that keeps many of them renting. Stock prices of publicly traded apartment companies have jumped in stride. The FTSE Nareit Equity...Blackstone REIT Inks $6B Deal for Home Partners of America
June 23 2021
Blackstone Real Estate Income Trust (BREIT) has agreed to acquire Home Partners of America (HPA), valuing the company at $6 billion. Chicago-based HPA’s portfolio of more than 17,000 single-family homes nationwide provides a rent-to-buy model...ANNUAL HARVARD REPORT FRAMES THE NATION’S HOUSING CHALLENGES - Rising home prices, tight supply, and eviction or foreclosure risks are key challenges for households
June 16 2021
As the economy continues to recover from the COVID-19 pandemic, Americans are struggling with soaring home prices, affordability issues for both renters and homeowners, and the potential risk of evictions and foreclosures, according to “The ...CRE Future Brighter Thanks to TMUD Program
May 19 2021
Construction costs continue to rise - with no good answer in sight.Weekends and Holidays Count Towards the Three-Day Notice Period Before Filing an Eviction
May 19 2021
In a recent decision, the Sixth District Court of Appeals affirmed a Toledo Municipal Court decision finding that forcible entry and detainer actions are exempt from timing computation requirements that exclude Saturdays, Sundays, and legal ...EV Charging Stations are close to mainstream. Here's what landlords need to know.
March 12 2021
Can stores and malls boost traffic and sales in the years ahead by installing more electric vehicle charging stations? It all depends on whether EVs, which are still a small part of the car market, can accelerate from buzz into the mainstream...Eruption ahead: Pent-up demand will drive the economy
January 08 2021
January has long been the time for market predictions, for economists to put their nickel down on which way the dollar will go. But how do you do that following the most fractious three quarters in living memory?Colliers International Valuation & Advisory Services National Self-Storage Insights
January 01 2021
Colliers International Valuation & Advisory Services (CIVAS) is a leading provider of real estate valuation and consulting services that plays a pivotal role in today’s business climate.Pembrook Provides $17 Million for acquisition of Six Apartments in Ohio
December 17 2020
Pembrook Capital Management LLC is providing a $17.7 million loan for the acquisition and renovation of a value-add multifamily portfolio made up of six buildings and 275 units in Shaker Heights, Ohio.Michigan company acquires Clay's Park Resort
December 17 2020
The family that has owned and operated the popular Northeast Ohio destination for the past 73 years has sold the 305-acre property to a Michigan company.CRE Pros Laud Biden’s Proposed Changes to Opportunity Zone Program
December 07 2020
Biden and his team contend that the program has fallen short of its promise of bolstering communities of color, small businesses and homeowners.Creating cleaner air for those in our buildings
November 18 2020
Health and safety are taking precedence over all other concerns as the entire world re-emerges from the pandemic. COVID-19 has sparked a major shift in priorities, and as such, a shift in responsibility for operators of the commercial scene.Properties: Financial strategies, art vs. science
October 01 2020
One constant challenge among real estate owners is what I'll call the "bird in the hand vs. two in the bush" dilemma. Suppose I own a 1960's-vintage shopping center. The property is showing its age a bit, mostly occupied by with local retailers...The Industrial Sector: No End In Sight Of Its Success
October 01 2020
Although the pandemic has ravaged many commercial real estate sectors, the industrial market continues to thrive and attract enormous interest from lenders, investors, and REITs. On account of the increase in e-commerce and the continued need...You might be surprised who's moving to those sad, abandoned malls
September 18 2020
Consumers will still be heading to malls in the future. But their trips might have little or nothing to do with shopping. With mall vacancies accelerating at a rapid clip amid a surge in online shopping, landlords are quickly looking for other...Office life: second thoughts about remote work
August 14 2020
Some companies are losing patience with the work-from-home experiment, said Chip from the Wall Street Journal. At the start of the pandemic, "employees at many U.S. companies went home and did something incredible: They got their work done".SIOR Snapshot Sentiment Survey
July 15 2020
Official SIOR members give their feedback regarding COVID-19 and the changes they have faced within the Office and Industrial property types.When will your city feel the fiscal impact of COVID-19?
March 31 2020
The economic impacts of COVID-19 are already shaping up to be significant, yet uneven, across the country. Not only are workers and businesses affected, but so too is the fiscal capacity of governments that rely on a healthy economy for their...An Updated 2020 Outlook Expectations for the Year Ahead
March 20 2020
CBRE expects GDP growth will slow to 0.4% in 2020, down from our previous estimate of 1.9%. The COVID-19 outbreak will cause a sharp drop in economic activity in Q2. As early as Q3 2020, activity will begin to stabilize and a recovery is expected...How restaurants use real estate in the age of delivery and takeout
March 18 2020
Restaurants are changing the way they use real estate as consumers demand the freedom to dine at home, at work or on the go.Commercial Real Estate Moves Into Uncharted Territory
March 10 2020
The 10yr UST looks like it will average less than 1% for all of March. That level and the emergency move by the Federal Reserve to push the target fed funds rate to 0% are unlike anything the economy has seen before. These shifts into uncharted...COVID-19 Impacts on Commercial Real Estate
March 03 2020
The economic disruption caused by COVID-19 and the effortAre micro apartments the new trend?
January 20 2020
For years, renters have judged the value of their new rental home by balancing the price per square foot, its location and the quality of the construction. The larger the unit, the more the perceived value, as historically speaking renters have...7 Predictions for 2020
January 10 2020
7 Predictions for the restaurant retail sector and how it will change throughout 2020.Apartment building permits soar to a four-year high amid rental boom
December 16 2019
Permits to build new apartment buildings in the U.S. are surging as a bulging population of millennials fuels demand for rentals and low interest rates ease construction financing costs.Opportunity zones vs 1031 exchanges
April 17 2019
While the tax benefits of Section 1031 exchanges in commercial real estate are well-known to most real estate professionals, the new qualified opportunity zone program now offers another approach to deferring or eliminating taxable gain.Retail Analysis - Use these tools to determine the feasibility of a project and its ultimate go/no-go decision
April 17 2019
The retail industry is tougher than ever, especially with the pervasive influence of e-commerce. Having the skills and tools to make informed decisions is critical. One such tool is the retail property feasibility analysis featuring the CCIM...For hotels, it’s all about the experience
February 13 2019
Brand loyalty used to drive hotel guests’ decisions, but there’s been a shift toward experience. In order to balance guests’ desires for convenience and exclusivity, the hospitality industry has had to transform, offering the loyalty points,...Law Firms Slow to Adopt Progressive Office
February 02 2019
Law firms in particular have been slow to adopt amenitized lifestyle office spaces, according to a recent survey from BDO. Law firms have been among the slowest industries to adopt new workplace strategies, according to the 2018 Law Firm Workplace...Commercial Property Owners Enjoy Holiday Gifts
January 10 2019
Recent decisions empower challenges to increased tax valuation from property sales.What Will 2019 Look Like in Commercial Real Estate?
January 04 2019
This past year may have been the year of coworking and tech companies dominating New York City’s commercial real estate market—with Google’s $2.4 billion purchase of the Chelsea Market building and Amazon bringing one of two new headquarters...ZELMAN ON 2019: GET READY FOR FLAT TO DOWN
January 04 2019
Newly 'cautious' view calls for a slog through the first half, with improving trends in the back half going into 2020.How A Prolonged Government Shutdown Could Impact Commercial Real Estate
January 03 2019
The federal government shutdown entered its 13th day Thursday, just the eighth shutdown ever to eclipse the 10-day mark. The shutdown has begun to impact facets of the commercial real estate industry, from multifamily loans to government contracts...Opportunity Zones Provide Developers a Chance to Bring Life into Struggling Neighborhoods
December 18 2018
Developers have an outstanding opportunity to help develop distressed communities through newly created qualified opportunity zones (QOZ), which were included as part of 2017 tax reform. The program creates qualified opportunity funds (QOF),...New Survey: Commercial Real Estate Brokers High on Cannabis Deals
December 11 2018
A new survey from Apto – a commercial real estate software company – shows that, despite the challenges, the vast majority of commercial brokers who have completed cannabis-related real estate transactions would do more of them.Blockchain tech could speed up real estate deals: Experts
December 06 2018
Blockchain record-keeping technology could prove to have meaningful applications for the commercial real estate industry, including origination of financing, distribution of funds, property listings and more.SURVEY OF NORTHEAST OHIO’S REAL ESTATE AND CONSTRUCTION INDUSTRIES
October 24 2018
The results of Skoda Minotti’s 11th annual survey of the Northeast Ohio Real Estate and Construction industries are in. Find out how your business compares with the rest of your industry by downloading this year’s 24-page summary report. The...