We all know the big box retail landscape is changing. Traditional anchor store malls are quickly becoming a thing of the past. In fact, regional mall vacancy rates were at their highest in the first quarter of this year since 2012. It’s not just in-line stores that are downsizing either — it’s anchor stores, too. … Continued

CLEVELAND (October 11, 2018) – Simon Caplan of Cushman & Wakefield | CRESCO represented the seller of the high profile 16-acre site located at the interchange of I-77 and I-480 in Independence, Ohio to deliver Topgolf’s already-announced Cleveland-area location. “This is among the most coveted land assets in the region. We needed to make sure we … Continued

News broke that Claire’s unsecured creditors were lining up in opposition to the retail chain’s proposed restructuring. As you may well know, the accessories chain filed for Chapter 11 bankruptcy protection a few months back. It was the latest in a series of retail failures due to leveraged buyout (LBO) related debt. The practice, in which buyers … Continued

We’re happy to announce that the Cleveland City Council approved the purchase and redevelopment of the former Cleveland Plain Dealer building located at 1801 Superior Ave. City Council’s authorization is a big step towards making this project a reality for the Police, the City of Cleveland and its citizens. We’re looking forward to continued efforts … Continued

We posted a BisNow article about the slow integration of virtual and augmented reality into the office market. It’s a great tool to help clients visualize the future of a space, but why isn’t it catching on in the industrial market? It’s proven in other spaces; what is the hesitation here? We’re trying it on a few … Continued

Cushman & Wakefield | CRESCO Real Estate is celebrating a handful of wins from the 2018 NAIOP Awards of Excellence. The NAIOP Awards of Excellence recognizes the best real estate transactions, projects and individuals throughout the previous year within the industry. Winners are chosen by clients, colleagues and fellow real estate brokers. Cleveland’s largest commercial … Continued

Cushman & Wakefield | CRESCO Real Estate is hiring a Senior Project Manager. You can find more information regarding this opportunity below. SUMMARY The Senior Project Manager’s role is to manage the design, development, and implementation of Project & Development Services on behalf of the client, using established processes, experience, and expertise to execute a … Continued

CoStar, the top commercial real estate information and market research provider announced their 2017 CoStar Power Broker Award Winners. Every year, CoStar celebrates the top commercial real estate firms and brokers throughout the United State and Canada. Cushman & Wakefield | CRESCO Real Estate is proud to announce we have been selected as a winner … Continued

The recent news on Toys “R” Us and their impending closures of 180 locations only added to the sea of closure news we’ve been swimming in these past two months and will likely continue to float through this first quarter of 2018 despite the strong holiday shopping season we saw at the end of last year. As the numbers continue … Continued

Rico Pietro, SIOR has been brokering real estate deals in the Cleveland market for more than 20 years. He was lead adviser for downtown Cleveland’s The Metropolitan at the 9 project, which includes a Marriott hotel, Heinen’s Market, luxury apartments and headquarters for Cuyahoga County offices. One of the keys to making that deal happen was the … Continued