Marcus & Millichap’s sunny forecast: Office vacancies plummeting, rents soaring in Midwest cities
Expect office vacancy rates to head down across the Midwest this year as companies continue to make the move to urban centers.
Cleveland
Marcus & Millichap sells key apartment building in Cleveland
Marcus & Millichap closed the sale of The Esmond, a 24-unit apartment property at 4806 Euclid Ave. in the Midtown neighborhood of Cleveland, Ohio. The…
St. Louis’ Contegra Construction breaks ground on 486-bed student-housing complex near Southern Illinois University
The newest off-campus student housing development to serve Southern Illinois University-Edwardsville in Edwardsville, Illinois, is emerging from the ground. St. Louis-based general contractor Contegra Construction…
JLL marketing more than 100,000 square feet of office development in Cleveland market
JLL is will market the Convergent development, two new state-of-the-art office buildings to be built in Westlake, Ohio.
Sequoia Realty brokers big deal for food-business incubator in Cleveland
Patrick Dowd, vice president of Sequoia Realty Corp., brokered the sale of 7501 Carnegie Avenue in Cleveland, Ohio, to Cleveland Food Hub, which will use…
Bedrock adds industry veteran to Cleveland office
Ken Till has joined Detroit-based Bedrock LLC in its Cleveland office. Bedroom is owned by Dan Gilbert.
ABODO survey: Apartment rents fall this February for first time in six months
For the first time in six months, renters might be getting a bit of relief from high apartment costs.
Commercial Real Estate Hall of Fame profile: Newmark Knight Frank’s Jelepis represents the class of Cleveland real estate
Each year, Midwest Real Estate News elects the top CRE professionals into its Commercial Real Estate Hall of Fame. This year, we are running those profiles online, too.…
Institutional Property Advisors sells 295-unit apartment building in Cleveland
Institutional Property Advisors, a division of Marcus & Millichap, recently closed the sale of Statler Arms, a 295-unit apartment building in downtown Cleveland. The property…
RENTCafe study: Renters are the majority in 22 of the United States’ biggest cities
Owning a home has long been considered part of the American dream. But increasingly, people are choosing to rent apartments instead of buying homes.