What’s in a number?
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, ...