August is traditionally one of the slower months of the real - a concept that was painfully evident in the Cleveland investement market during August. Only one transaction closed and, although it was a biggie, the broader absence of activity doesn't bode well for the market as we head closer to the end of the year. To see the latest Cleveland investment newsletter, click here. ...
Are you a follower of anyone? Have you ever unfriended anyone? Do you tweet? Ten years ago, these questions would most likely have been met with a blank stare. But today, most people at least have some knowledge of these phrases. The popularity of social networking sites has exploded the past few years and the real estate ...
Last month, Cleveland saw the sale of a 575,000 square foot downtown office building known as the Penton Media Building. The building sold for $46.5 million or $81 per square foot and I've had at least a dozen people ask me what I thought about this number. Since I've answered this several times in private, it's time to put my thoughts out there in public. But before I do, let's set the table a bit. This transfer represents the largest deal, ...
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