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Cleveland State-area lofts sell for $7 9 million

Cleveland State-area lofts sell for $7.9 million An out-of-state group is the new owner of lofts at 1900 Euclid Ave., Cleveland. The 1900 Euclid Lofts, which take their name from their address, changed hands for $7.9 million on Friday, April 30. The new owner is an investor group named 1900 Lofts LLC of Boca Raton, Fla. Previously, the building was owned by an affiliate of Coral Co. of Cleveland, through 1900 Euclid LLC, according to Cuyahoga County land records. The selling owner had paid $3.7 million in 2009 to acquire the 80-suite property from a lender-controlled group. Cuyahoga County assigns the building, which was constructed in 1912, a value of $5.47 million for tax purposes.

Boca ratonPeter rubinCoral coCuyahoga countyபோகா ரேடோந்பீட்டர் ரூபின்பவளம் இணைசுயகோகா கவுண்டி

Shaker Square s distress rallies the community, poses challenges for potential buyers

Shaker Square s distress rallies the community, poses challenges for potential buyers
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United statesCleveland heightsFrank jacksonReed rybkaMitchell schneiderJohn rothschildChanelle treatzTania menesseJim doylePeter rubinChanelle harrisJoseph shafranShaker squareElina kreymermanBrandon chrostowskiCoral co

Lender sues to seize Shaker Square

Lender sues to seize Shaker Square COSTAR The future of landmark Shaker Square on Cleveland s East Side just hit a surprise twist as the lender has filed to appoint a receiver to replace 18-year owner Coral Co. of Cleveland. Editor s note: The original story was updated on Wednesday, Dec. 23, with comments from the property owner on the court case. Breaking stride with lender forbearance and other measures that shopping center owners have used to cope with the pandemic s economic fallout, the lender behind an $11 million mortgage on Shaker Square has filed to seize the property through a foreclosure proceeding. Wilmington Trust National Association of Delaware and Washington, D.C.-based special servicer CW Capital Asset Management on Dec. 17 filed a foreclosure proceeding in Cuyahoga County Common Pleas Court to recoup the landmark shopping center on Cleveland s East Side from Coral Shaker Square LLC, an affiliate of Coral Co. real estate development and management concern.

United statesVan sweringensAshley kilbaneShaker squareBlaine griffinPeter rubinCoral coCuyahoga county common pleas courtMortgage trust commercialWilmington trust national association of delawareCoral shaker squareTrust national associationAsset managementEast sideTrust commercial mortgageJudge ashley kilbane