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Say goodbye to low interest rates and a building boom

The pretty picture is slowly starting to get ugly for pricey property purchases and projects promulgated in a long period of record-low rates.

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High-profile lakefront property owner seeks buyers, with a $19 million asking price

Cumberland Development LLC of Cleveland has listed for sale with the Newmark real estate brokerage its Cleveland lakefront apartments and the building containing the Nuevo Modern Mexican & Tequila Bar restaurant.

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Riverfront projects vying for state cash | Local

Northeast Indiana s application for the state s READI grant program includes four local riverfront development projects totaling almost $1 billion in public and private investment.

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Cleveland Clinic plans to sublease most of its Independence office space

Cleveland Clinic plans to sublease most of its Independence office space Cleveland Clinic plans to sublease most of its Independence office space CoStar The Cleveland Clinic plans to seek tenants to backfill much of its space at the Independence Technology Center, as part of a real estate reorganization driven by the pandemic-driven shift to remote work and hybrid schedules. The Cleveland Clinic plans to empty out much of its office space in Independence, in a move that could be a harbinger for the market. Real estate brokers say that the region s largest employer aims to shed roughly 200,000 square feet at the Independence Technology Center, at 6801 Brecksville Road. Those offices are the subject of chatter about a sublease opportunity widely expected to hit the market soon.

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Lakefront vision proposed by the Browns could work if it enriches the city and region, not just the team

Lakefront vision proposed by the Browns could work if it enriches the city and region, not just the team Steven Litt, cleveland.com © John Petkovic, The Plain Dealer/John Petkovic, The Plain Dealer Nuevo Modern Mexican opened in 2016 at the northern end of the East Ninth Street in Cleveland, overlooking Lake Erie and North Coast Harbor. CLEVELAND, Ohio When they smashed through American cities from the 1950s to the 1970s, interstate highways severed parks, walled off waterfronts, and shafted poor minority communities. Now, a half-century later, cities are healing some of those wounds by replacing elevated freeways with boulevards or burying big roads under parks built on overhead decks. Examples abound, from Boston to Seattle, Dallas, Denver, Pittsburgh, and Philadelphia.

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