Blog

Property Touring in the Age of COVID-19 | CRESCO

Post written by Senior Sales Associate, David Leb. Meeting a prospective property tenant or buyer and conducting a tour is the bread and butter of commercial real estate brokers. I view it as my best chance to get a prospect excited, highlight the property’s top features, and most importantly, strategize with them as they go … Continued

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5 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

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How 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

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Coronavirus & 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

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Tenant Representation: What Is It & Why Do You Need It?

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

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Industrial Real Estate Market: The Decade In Review

Industrial 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 … Continued

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Dura-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

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Why Hire a Real Estate Broker to Buy or Sell Land

Why You Need a 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 … Continued

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Real Estate Trends & Economic Highlights from 2010-2019

Decade in Review: Real Estate Trends & Economic Highlights from 2010-2019 As we turn the page from the end of one year to the start of the next, it’s traditional to look back and reminisce on recent history and memorable events—especially when that new year corresponds with the start of a new decade.  Cushman and … Continued

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High-Tech Polymer Company Relocates Back to Akron; Adds Millions to City’s Tax Base

Cushman & Wakefield | CRESCO professional Fred Christie represented Promerus in the leasing of 38,000 square feet of industrial and office space located at 225 West Bartges Street in Akron. A subsidiary of Sumitomo Bakelite Co., Ltd., Promerus is a technology-driven company that provides advanced material solutions for the semiconductor, optoelectronic and electronic packaging markets. … Continued

How to Calculate ROI on Investment Property

How to Calculate ROI on Your Office Building Investment Property Are you interested in buying an office building as an investment, and planning to rent it out as a means of earning income? Investing in rental properties is a smart way to diversity your asset portfolio and increase your future wealth. It’s also a good … Continued

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5 Reasons to Invest in Commercial Real Estate

5 Reasons to Invest in Commercial Real Estate Thinking about investing in commercial real estate? This can be a very exciting and rewarding endeavor, both financially and personally. Many investors get started in commercial real estate investment with the goal of securing more wealth.  However, commercial investment properties also offer other benefits: portfolio diversification, mitigated … Continued

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