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Carnegie Management grows big federal contracting business

Carnegie Management grows big federal contracting business
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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Veterans' Outpatient Clinics to Rise in Virginia, Florida

Veteransâ Outpatient Clinics to Rise in Virginia, Florida
One of the facilities planned by Carnegie Management and Development Corp. will rank among the largest of its kind.
Feb262021
Image courtesy of Carnegie Management and Development Corp.
Carnegie Management and Development Corp., a Westlake, Ohio-based real estate development and management company, has acquired a nearly 50-acre site along Route 1 and I-95 in Spotsylvania County, Va., for $8.5 million from SH-Thompson LP and JDH LLC to build one of the largest Veterans Affairs facilities in the country. Construction on the 450,000-square-foot building is expected to start this year and be completed in late 2023. ....

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What Landlords Do When Tenants Abandon Leases

What Landlords Do When Tenants Abandon Leases
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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What Landlords Do When Tenants Abandon Leases

Three of Petra Drauschak’s 14 tenants have abandoned their leases during the pandemic.
One had already stopped paying by February 2020, when Covid began sweeping across the U.S., but Drauschak’s hands were tied by Pennsylvania’s eviction ban. The tenant left in August without paying the remaining rent and arrears.
Tipped off by a neighbor, Drauschak followed the tenant to her ex-fiance’s house and successfully served her papers. A court awarded the landlord $12,000, but the tenant disappeared without settling the debt. Drauschak’s legal costs were $600.
The second tenant stopped paying when federal rental assistance became available in June. After Drauschak filed for an eviction, the renter applied for federal rent relief, and Drauschak was made whole with a check for $5,800. ....

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Record retailer closings are translating into significantly higher shopping center vacancies

Record retailer closings are translating into significantly higher shopping center vacancies
Stan Bullard
Shoppers not going to the empty storefront that held a Pier One Imports store in Avon until last year means the pedestrian crossing gets less use.
As Rustom Khouri, CEO of Westlake-based real estate development company Carnegie Management & Development Corp., discusses conditions among the firm s shopping centers in 17 states, he sees the challenge as weathering the storm.
In Northeast Ohio, he owns three centers with substantial movie theaters that are not paying rent amid the pandemic and feels the company has a lot of vacancies. He s also thankful that his company kept leverage, and mortgage payments with it, low over the years. ....

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