The number of households spending too much on rent? It keeps growing
Monthly apartment rents might be growing at a slower pace, but they are still too high for a large chunk of U.S. renters.
Ohio
SLIB closes sale of three-property seniors housing portfolio in Northeast Ohio
Senior Living Investment Brokerage (SLIB) facilitated the sale of a seniors housing portfolio featuring three assisted living and memory care communities in Northeast Ohio. Combined,…
Peak Construction Corporation to serve as design-build contractor for 747,000-square-foot warehouse facility in Middlefield
Peak Construction Corporation has been named the design-build contractor for the HC Companies' build-to-suit warehouse and distribution facility in Middlefield, Ohio, on behalf of Scannell…
The adaptive reuse trend? It’s booming in the self-storage industry, especially in the Midwest
A total of 191 million square feet of the United States' self-storage inventory today comes from the adaptive reuse of commercial buildings, typically outdated industrial…
KeyBank provides $43 million construction loan for 234-unit seniors housing community in Columbus
KeyBank Community Development Lending and Investment provided a $43.3 million construction loan and $23.8 million in low-income housing tax credit financing for construction of The…
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,…
District Capital closes two loans for 450-unit apartment community in Cincinnati
District Capital recently secured two fixed-rate loans for a 450-plus-unit multi-phased Class-A apartment community in Cincinnati, Ohio. Saher Hadi, from District Capital's Indianapolis office, negotiated and closed these loans for each phase of the project with two different lenders, delivering a…
Marcus & Millichap closes sale of 11-property Courtyard Hotel portfolio in Ohio, Kentucky and Illinois
Marcus & Millichap closed the sale of an 11-property Courtyard Hotel portfolio in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky and Oklahoma. The portfolio sold for…
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…