Broker Spotlight: Robert Wetzel
Real estate has been a passion of Robert’s for most of his life. His family owned a local excavation company, which he joined after graduating from Cleveland State University with a BA in Business and a focus in Management and Labor Relations. He eventually took over the business and expanded its services to include land … Continued
Cushman & Wakefield | CRESCO Assists in Purchase by NY Investment Firm
Cushman & Wakefield | CRESCO brokers Rico Pietro and Jim Krivanek represented New York-based Somera Road Inc. in their search for a value-add investment in Cleveland. After significant consideration, Somera Road acquired the former Ohio Means Jobs Headquarters located at 1020 Bolivar Road in downtown Cleveland and plans to transform the historic office building into … Continued
Stark Enterprises Selects Cushman & Wakefield | CRESCO as Office Leasing Partner for nuCLEus
Stark Enterprises has selected Cushman & Wakefield | CRESCO to broker office leasing for their downtown nuCLEus project. The two Cleveland-based companies agreed to terms this week, bringing together highly-skilled and experienced commercial real estate professionals from both sides to serve as partners on this project. With a strong track record of brokering new developments … Continued
Broker Spotlight: David Leb
A passion for people, places and problem solving has been an undercurrent throughout much of David’s professional life, but it was the igniting of an intrinsic sales gene that catapulted him into commercial real estate. During his undergraduate studies at Ohio State University where he earned a Bachelors degree in Geography and History, his original … Continued
Philips Healthcare – The Offices at Pinecrest
Philips Healthcare, a global healthcare industry leader, was looking to relocate its regional headquarters and research and development (R&D) team from its 40+ acre Highland Heights headquarters, which it has owned for decades. The assignment was made more challenging by the seemingly impossible deadline of 6 months from engagement to lease execution. Philips had a … Continued
Broker Spotlight: Shawn Fortner
Shawn Fortner recognizes that constant learning makes for a great broker. A young professional and native Clevelander, she seeks out organizations and mentors to sharpen her knowledge base to be the best broker she can for her clients. Having worked in commercial real estate since graduating from The Ohio State University with a BSBA in Real … Continued
Outside Investors Find Hidden Value in Cleveland Markets
The grand opening of Pinecrest in June 2018 marked an explosion of new retail, office & residential opportunities for Northeast Ohio. The $230 million development continues to announce unique entertainment and retail features not offered anywhere else in the area. On the surface, the development is an exciting new experience that has never been seen … Continued
Q4 2018 Cleveland Office MarketBeat Report Now Available
Fourth quarter 2018 was another strong quarter for commercial real estate in the office market across northeast Ohio, with vacancy rates dropping to 8.2% and asking rates jumping up an average of $17.66 per square foot (psf) gross. Rental rates in both the CBD and the suburban markets continue to climb at a modest pace, … Continued
Q4 2018 Cleveland Industrial MarketBeat Report Now Available
The Cushman & Wakefield I CRESCO Q4 2018 MarketBeat Industrial report has been published. Market vacancy in Northeast Ohio Industrial real estate decreased reaching 3.4% at the end of 2018 and leasing activity was up significantly for both industrial and office services/flex with 1.9 million square feet (msf) of renewals and new leases in the … Continued
Broker Spotlight: George J. Pofok
There’s no denying that George Pofok is a natural leader and coach. In his 20+ years in the commercial real estate industry, he’s been the go-to guy for mentorship among his colleagues, an engaged participant on industry boards and in real estate organizations, and a trusted advisor to his commercial real estate clients. George has been with … Continued
The Blockchain Revolution: Is Commercial Real Estate Next?
There’s probably no way you’ve been in Cleveland over the past 6 months and haven’t heard of Blockchain. Blockchain is a shared digital ledger of transactions recorded and verified across a network of participants in a tamper-proof and visible chain and has implications and potential for countless industries, including Commercial Real Estate. The Blockland Solutions Conference … Continued
Broker Spotlight: Ben Schiller
Meet Ben Schiller, our new Sales Associate. Ben may be the new guy on the block, but he’s no rookie. Previously working for a decade at a Cushman & Wakefield | CRESCO affiliate in the Buffalo, NY market, Ben’s passion for the business started with an internship at the company and grew into a successful career. … Continued
To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.