6 Feet Offices – Office Space Design Post COVID
As our Greater Cleveland community continues to adapt to life in the time of COVID-19, there is one lingering question on everyone’s minds: when will this all end, and when will we be able to go back to the way things were? While none of us possess a crystal ball that will provide us these … Continued
Read moreLooking Back at the 1918 Pandemic in Cleveland
Just over one century ago, the 1918 pandemic—better known as the Spanish Flu—ravaged the globe. An estimated 500 million people, or one-third of the world’s population, became infected with the virus between 1918 and 1920. Tens of millions of people around the world were killed within the span of several months. As our nation struggles … Continued
Read moreData Center Real Estate Investment Potential
Considering investing in data center real estate? According to many industry experts, it’s a smart idea. As digital data becomes increasingly critical to both business operations and end consumers, our national need for data centers is continuing to rise as well. This growing demand presents a hot opportunity for commercial real estate investors seeking to … Continued
Read more5 Things for Commercial Landlords to Consider During the COVID-19 Crisis
There is no denying that the COVID-19 pandemic will have an impact on the U.S. economy, especially as disruptions to supply and demand continue. In the wake of all this uncertainty, many commercial landlords and tenants have expressed a growing sense of anxiety. During this time of rapid change, it is important for commercial landlords … Continued
Read moreHow Manufacturers Can Aid the U.S. Response to COVID-19
As our Northeast Ohio community continues to adapt to new “stay at home” orders, many local manufacturers remain open and hard at work. Manufacturing is an essential industry, and plays a critical role in maintaining the regional and national supply chain. In this time of crisis and uncertainty, many manufacturers have also expressed a deep … Continued
Read moreCoronavirus & Commercial Real Estate: We Are Offering Virtual Showings
With Ohio currently under “stay at home” orders from Governor Mike DeWine, many commercial property owners, tenants, buyers, and sellers are left wondering what this means for their planned real estate transactions. Non-essential businesses (including restaurants, bars, barbershops, nail salons, and entertainment venues) have been forced to close in an effort to slow the spread … Continued
Read more7 Reasons to Use a Tenant Rep Broker
Tenant rep brokers (i.e. tenant representatives or tenant advisors) are commercial real estate professionals who help businesses find the best properties and negotiate the best terms. Unlike residential real estate agents, these brokers focus on office, retail, industrial, and other commercial spaces. Are you considering leasing or buying a commercial property? Read on for seven … Continued
Read moreTenant Representation for Commercial Real Estate Leases
Interested in leasing commercial real estate? If so, you may have come across the phrase “tenant representation” during your initial research. But what will a tenant rep broker actually do, and is hiring one really necessary when leasing commercial real estate? The Job of a Tenant Rep Broker? Tenant representation brokers (also called tenant advisors) … Continued
Read moreIndustrial Real Estate Market: The Decade In Review
As we continue to move forward into 2020, we are simultaneously taking the time to reflect back on the 2010s. Over the course of the last decade, a significant amount of change and growth occurred within Northeast Ohio’s commercial real estate market—especially within the region’s industrial market. Below, we dive into some of the most … Continued
Read moreDura-Line, a leading global manufacturer and distributor, opens a second location in Elyria, Ohio.
We recently completed a 139,920 SF industrial lease located at 669 Sugar Lane in Elyria, Ohio. Joseph V. Barna, SIOR and Principal at CRESCO Real Estate represented the landlord, Brad Maloof with Wildcat Sugar Lane Properties LLC and the tenant, Dura-Line Corporation in this transaction. Dura-Line will be opening a second location in Elyria, Ohio. … Continued
Read moreWhy Hire a Greater Cleveland Real Estate Broker to Buy or Sell Land
When buying or selling a commercial building, it’s a given that you need to hire a real estate professional to help facilitate the transaction. But what about when you are purchasing or selling a vacant parcel of land? After all, there is no interior to be staged for photos, no list of renovations to be … Continued
Read moreCleveland Real Estate: Power of the Pop-Up Store
There’s no doubt about it—from a commercial real estate perspective, 2019 will go down as the year of the pop-up. Traditionally, pop-up stores have been viewed a type of “placeholder” tenant; a consolation prize for landlords struggling to fill their retail spaces. It’s true that in decades past, pop-ups have been primarily comprised of seasonal … Continued
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