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Coventry Towne Plaza sold to group led by Paran Management

Coventry Towne Plaza sold to group led by Paran Management
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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Shaker Square's distress rallies the community, poses challenges for potential buyers

Shaker Square's distress rallies the community, poses challenges for potential buyers
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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Efforts to save Shaker Square from foreclosure continue behind the scenes

Efforts to save Shaker Square from foreclosure continue behind the scenes
Thomas Jewell, cleveland.com
© Steven Litt, The Plain Dealer/The Plain Dealer/cleveland.com/TNS
Officials involved in the $11 receivership action provided an update at a March 3 Zoom meeting hosted by the Shaker Square Alliance.\n
CLEVELAND, Ohio An allied effort continues in the fight to save Shaker Square from foreclosure.
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The landmark retail district remains in court-ordered receivership after its current owner, The Coral Company, defaulted on a $10.6 million mortgage payment last year.
That status won’t likely be changing any time soon, Joy Johnson executive director of Burten, Bell, Carr Development noted in a March 3 update to the Shaker Square Alliance. ....

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Akron's Martin House hotel conversion on hold for now

Akron s Martin House hotel conversion on hold for now
Contributed photo
Developers still hope to convert the Martin Center at the University of Akron into a high-end boutique hotel, despite the project losing a significant lender.
A major hotel project in Akron has become a victim of the COVID-19 pandemic, at least for now.
The planned $21 million hotel conversion of the Martin Center on the campus of the University of Akron lost its financing last year when its senior lender pulled out of the deal, and the project has yet to find a new lender willing to replace it, said Tom Chema, chairman of Cleveland s Gateway Group. ....

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