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Lender-led turnaround of ailing Westlake plaza nets $5 million sale

Lender-led turnaround of ailing Westlake plaza nets $5 million sale
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Landlords add new, if untraditional, ways to combat retail vacancy

Landlords add new, if untraditional, ways to combat retail vacancy
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Owner of distressed IMG Center criticizes leasing action | Crain s Cleveland Business

The weakening office market is not doing any favors for IMG Center, as the building's owner maintains occupancy has fallen to 42% since a foreclosure proceeding began in 2019. The receiver, who has updated the property and marketed it, notes that the pandemic and other factors have sapped the building's tenant roster.

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