Q3 Cleveland Industrial MarketBeat Report Now Available
The Cushman & Wakefield I CRESCO Q3 MarketBeat Industrial report has been published. Third quarter 2018 saw market vacancy in Northeast Ohio industrial real estate increase 40 basis points to 3.9%. New construction delivered 1.2 million square feet (msf) during the third quarter with 2.4 msf currently under construction. User sales activity continued to remain … Continued
Broker Spotlight: Nanci Ferrante
Nanci stands out as a trailblazer in a field where too few women choose to pursue a career. Starting in real estate research, learning the fundamentals, interpreting raw data and knowing the science of an industry where information moves decisions. That expertise is the foundation to a legacy of loyal clients, a consistent track record of closed … Continued
Real Estate Forum’s Women of Influence: Marla Maloney
This year marks the 25th anniversary of Real Estate Forum’s Women of Influence issue, recognizing 50 women who have significantly impacted commercial real estate with their exceptional transaction volume, strong impact on their company’s overall success, or contributions to the industry at large. In our #cwWomenAtWork blog series, we profile our four winners honored as Women of … Continued
3Q Cleveland Office MarketBeat Report Now Available
Third quarter 2018 was a strong quarter for the office market across northeast Ohio, with several high-profile CBD sales and vacancy rates dropping to historical lows. Despite rising wages across many sectors, businesses cannot keep up with the demand for products and services due to a lack of qualified workers. Supply costs have increased as … Continued
How Creativity and Collaboration Turn Change into Opportunity
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
Energy Management Evolution Part 1: Optimize
By: Mike Turzanski & Lee Dunfee Part one in our series on energy management discusses optimizing current infrastructure and technology to fully inform energy management initiatives and prepare for possible new technology. Although the commercial real estate industry has slowly adopted full-scale energy technologies, evolving energy regulations and standards are prompting real estate owners and … Continued
CUSHMAN & WAKEFIELD | CRESCO Closes On Topgolf. Scores Deal For Independence, Regional Attraction
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
Why Mentorship Matters: A Two-Way Value Exchange
Mentorship means paying it forward by recognizing and nurturing the potential in another professional. This is particularly meaningful for women who have so much to gain from a mentor’s guidance on how to successfully lead in a male-dominated industry. The WIN Mentorship Program is designed to offer our young women opportunities that encourage them to continue to … Continued
Automotive Aftermarket Industry Thriving in eCommerce Revolution
By Jeff Green and Ben Conwell There has undoubtedly been a dramatic shift in the retail industry over the past several years. Consumers can purchase almost anything from the comfort of their own homes and have it on their doorsteps within hours. eCommerce has become the new norm, and the trend is forcing some retailers to downsize, consider … Continued
Warehouse On-Demand? There’s a Service for That.
By Ben Conwell Whether it be transportation, hospitality, or food delivery, on-demand services have become entrenched in our daily lives. Now, the idea is entering the industrial real estate sector via technology platforms that connect organizations in need of warehouses with those that have extra space. Sounds straightforward, right? And the platforms are seeing success, too. … Continued
Emerging Breed of Data Center Investors Bringing New Strategies to Market
By Dave Fanning, Director, Data Center Advisory Group and Kevin Imboden, Director of Research, Data Center Advisory Group A variety of new players have entered the data center arena in recent years, each having a unique perspective and investment strategy to share with major cloud clients and smaller colocation customers. These investors are attracted to the growing data … Continued
Tax Cuts Kick In and the Economy Takes Off in the Second Quarter
By Ken McCarthy, Principal Economist The U.S. economy accelerated sharply in the second quarter of 2018 as the effects of the tax cuts enacted at the end of 2017 were felt. U.S. gross domestic product (GDP) grew at a 4.1% annual rate, up from 2.2% in the first quarter and the strongest reading since the third … Continued
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