Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
Rolls-Royce Corp.’s decision whether to move about 2,500 office employees to a former Eli Lilly and Co. downtown campus could hinge on three critical factors—parking, incentives and lease terms for the space.
Another challenging year is in store for commercial real estate thanks to high unemployment, a still-struggling housing market and an unforgiving credit environment, Cassidy Turley plans to report Thursday at its annual State of Real Estate event.
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
Medical office likely will be the strongest sector, followed by apartments.
City Market operators have reached a tentative deal to settle a dispute with Grecian Garden’s owners after alleging the eatery was late on its rent payments for several months. Details of the agreement were not disclosed.
Downtown landlord John Goodman has rejected Rock Bottom Brewery’s attempt to renew its lease for five more years. The restaurant has occupied 14,600 square feet at 10 W. Washington St. since June 1, 1996.
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
The company has inked a deal to take the entire seventh floor of the Century Building at 36 S. Pennsylvania St., and may take additional space on two other floors.
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the
second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
Cleveland-based Earnest Machine Products has signed a five-year lease for an existing 90,000-square-foot building in Park
100 on the city’s northwest side.
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets
is looking for tenants after a deal for an Ace Hardware fell apart.
John Bales' firm earned $2.9M in commissions on leases for state agencies and $270,000 in commissions
on the sale of surplus state properties. He also acted as a developer for public-sector
tenants—putting them into buildings owned by him or his associates.