Coronavirus & Commercial Real Estate: We Are Offering Virtual Showings
With Ohio currently under “stay at home” orders from Governor Mike DeWine, many commercial property owners, tenants, buyers, and sellers are left wondering what this means for their planned real estate transactions. Non-essential businesses (including restaurants, bars, barbershops, nail salons, and entertainment venues) have been forced to close in an effort to slow the spread … Continued
Read moreTenant Representation for Commercial Real Estate Leases
Interested in leasing commercial real estate? If so, you may have come across the phrase “tenant representation” during your initial research. But what will a tenant rep broker actually do, and is hiring one really necessary when leasing commercial real estate? The Job of a Tenant Rep Broker? Tenant representation brokers (also called tenant advisors) … Continued
Read moreIndustrial Real Estate Market: The Decade In Review
As we continue to move forward into 2020, we are simultaneously taking the time to reflect back on the 2010s. Over the course of the last decade, a significant amount of change and growth occurred within Northeast Ohio’s commercial real estate market—especially within the region’s industrial market. Below, we dive into some of the most … Continued
Read moreDura-Line, a leading global manufacturer and distributor, opens a second location in Elyria, Ohio.
We recently completed a 139,920 SF industrial lease located at 669 Sugar Lane in Elyria, Ohio. Joseph V. Barna, SIOR and Principal at CRESCO Real Estate represented the landlord, Brad Maloof with Wildcat Sugar Lane Properties LLC and the tenant, Dura-Line Corporation in this transaction. Dura-Line will be opening a second location in Elyria, Ohio. … Continued
Read moreWhy Hire a Greater Cleveland Real Estate Broker to Buy or Sell Land
When buying or selling a commercial building, it’s a given that you need to hire a real estate professional to help facilitate the transaction. But what about when you are purchasing or selling a vacant parcel of land? After all, there is no interior to be staged for photos, no list of renovations to be … Continued
Read moreReal Estate Trends & Economic Highlights: 2010-2019 (Greater Cleveland)
As we turn the page from the end of one year to the start of the next, it’s traditional to look back and reminisce on recent history and memorable events—especially when that new year corresponds with the start of a new decade. Cushman and Wakefield’s Decade in Review report recaps the most notable events from … Continued
Read moreHigh-Tech Polymer Company Relocates Back to Akron; Adds Millions to City’s Tax Base
Cushman & Wakefield | CRESCO professional Fred Christie represented Promerus in the leasing of 38,000 square feet of industrial and office space located at 225 West Bartges Street in Akron. A subsidiary of Sumitomo Bakelite Co., Ltd., Promerus is a technology-driven company that provides advanced material solutions for the semiconductor, optoelectronic and electronic packaging markets. … Continued
How to Calculate Real Estate ROI on Investment Property
Are you interested in buying an office building as an investment, and planning to rent it out as a means of earning income? Investing in rental properties is a smart way to diversity your asset portfolio and increase your future wealth. It’s also a good way to boost your current cash flow, as you collect … Continued
Read more5 Reasons to Invest in Greater Cleveland Commercial Real Estate
Thinking about investing in commercial real estate? This can be a very exciting and rewarding endeavor, both financially and personally. Many investors get started in commercial real estate investment with the goal of securing more wealth. However, commercial investment properties also offer other benefits: portfolio diversification, mitigated economic risks, and a sense of pride in … Continued
Read moreTips for Purchasing or Leasing a Warehouse in Cleveland, Ohio
If so, this is likely an exciting—and perhaps stressful—time for your business. As businesses grow and expand, procuring new storage and distribution space is a natural next step. But this process can leave business owners with more questions than answers. For instance, is it better to purchase or lease a warehouse space? How big should … Continued
Read moreRevitalization of Lakewood’s Birdtown district continues with redevelopment of former BiRite building
By Jordyn Grzelewski The Plain Dealer LAKEWOOD, Ohio — A new plan to redevelop the former BiRite building on Madison Avenue will be a step forward in what city officials, local business owners and real-estate brokers say is a wave of reinvestment in this city’s historic Birdtown neighborhood. The building at 12501 Madison Ave. recently … Continued
Read moreThe Value of Real Estate Preservation
When you drive past an old industrial complex or commercial block in Cleveland, what are you really seeing? To the untrained eye, these structures are nothing more than faded, ramshackle eyesores that should perhaps be torn down and replaced with something new. But at Cushman & Wakefield | CRESCO, we see these historic properties as … Continued
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