Cleveland

Marcus & Millichap report: Cleveland multifamily market showing no signs of a slowdown

Low vacancy rates and continued strong demand from renters. That's how Marcus & Millichap describes the Cleveland-area multifamily market in its latest research report.

CBRE names vice president in Cleveland office

CBRE announced that Mark Truesdell has joined the firm’s Cleveland office as Vice President. He will specialize in the acquisition, disposition and leasing of industrial…

Some relief for the office sector? Planned office-to-apartment conversions hit record high

It's a big jump: The number of apartments set to be converted from office spaces has soared from 23,100 in 2022 to a record-setting 70,700…

Pipeline of office-to-apartment conversions expected to hit all-time high in 2025

It's true that converting office space to multifamily buildings is no easy task. But such conversions offer an opportunity for cities to remove outdated or…

Cooper Commercial Investment Group brokers sale of two-building retail strip in Cleveland market

The Cooper Commercial investment Group negotiated the sale of the Kruse Commons retail center in the Cleveland suburb of Solon, Ohio. The two-building asset is…

Minneapolis ranks as RentCafe’s top rental market to watch in 2025

Which cities are poised to become rental hotspots for tenants searching for new apartments in 2025? According to the latest report from RentCafe, several of…

MAG Capital Partners acquires 158,484-square-foot food-processing facility in Cleveland market

MAG Capital Partners has acquired a 158,484-square-foot specialty food-processing facility in the Cleveland metropolitan area in a sale-leaseback transaction with Produce Packaging, Inc. Situated in…

Pennrose marks groundbreaking of 50-unit multifamily community in Cleveland’s Central neighborhood

Pennrose, The City of Cleveland, the Cuyahoga Metropolitan Housing Authority (CMHA), and project partners celebrated the groundbreaking of Sankofa Village IV, the final phase of…

Cleveland’s Hospeco Brands Group adds chief revenue officer

Cleveland-based Hospeco Brands Group added Renee Starr in the newly created position of chief revenue officer. Starr now leads Tranzonic/Hospeco Brands Group sales teams and,…

Industry vet retiring after 48 years at Cleveland’s Hospeco Brands Group

A 48-year career is coming to an end with the announcement that Bill Hemann, executive vice president of Richmond Heights, Ohio-based Hospeco Brands Group, will…

Cleveland

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