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Commercial Real Estate News
Cleveland/Northern Ohio
Commercial Real Estate News
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CBRE Taps Magner as EVP
CBRE tapped AJ Magner as executive vice president, joining the Cleveland-based advisory and transaction services team focusing on corporate real estate services. Magner previously served as an executive vice president at JLL where he focused on global...

National Realty Partners Adds 190,000-SF Shopping Center to Portfolio
The 190,036-square-foot Lee-Harvard Plaza at 4071 Lee Rd. in Cleveland Aberdeen, NJ-based First National Realty Partners purchased a 190,036-square-foot shopping center in Cleveland from Excelsior Capital Partners. Lee-Harvard Plaza sold for $12.8...

H&R REIT Agrees to Sell $633 Million U.S. Retail Portfolio
Pictured: A Home Depot in Strongsville, OH, one of 63 retail properties H&R REIT is expected to sell this June in a $633 million deal.Toronto-based H&R Real Estate Investment Trust said Monday it has entered into an agreement to sell 63 retail properties...

Action Industries Takes 73,000 SF in Strongsville
AIC Ventures’ 112,150-square-foot warehouse at 13325 Darice Pky. in Strongsville, OH Action Industries, a manufacturer and distributor of residential and commercial garage components, signed a 73,000-square-foot lease at AIC Ventures’ warehouse in...

Marcus & Millichap Buying Pinnacle Financial to Expand Midwest Financing Business
Marcus & Millichap President/CEO Hessam Nadji, left, said the addition of the Pinnacle Financial team led by Jim Leonard, right, will extend the brokerage firm's capital markets reach in the Midwest. Making good on strategic plans to grow its mortgage...

ABB Moves into New Highland Hills Office
ABB’s 145,000-square-foot office building at 23000 Harvard Rd. in Highland Hills, OH Last quarter, ABB Inc. relocated from Wickliffe to Highland Hills, leaving its dated facility with an attached manufacturing plant, built when manufacturing was the...

Aon Signs 13,000-SF Renewal at Skylight Office Tower
The Class A Skylight Office Tower at 1660 W. 2nd St. in Cleveland Aon Corp., a global professional services firm that provides risk, retirement and health consulting, renewed its 12,900-square-foot lease at Hertz Investment Group’s 12-story Skylight...

Equity Lands Major Tenant at Suburban Cleveland Medical Office Bldg.
Equity’s 59,470-square-foot medical office building in Solon, OH Bryant & Stratton College, a private, coeducational, for-profit college with campuses in New York, Ohio, Virginia, Wisconsin and an online campus, signed a 17,496-square-foot lease at...

Colliers International Taps Abood as Senior VP, Principal
Mark Abood joined Colliers International as a senior vice president and principal, where he will focus on real estate acquisitions, due diligence and receiverships at the firm’s Cleveland office. The 20-year industry veteran previously served as a...

Playhouse Square Foundation Breaks Ground On 34-Story Apt. Tower
Rendering of the 318-unit The Lumen at Playhouse Square apartment tower in ClevelandCredit: SCB Playhouse Square Foundation broke ground on The Lumen at Playhouse Square, a 318-unit apartment building in Cleveland. The 34-story tower will stand...

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