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
Cushman & Wakefield | CRESCO assists NY Developer Somera Road, Inc. in Purchase & Reposition of Royalton Collection to Attract Office HQ & Boost Retail in Strongsville
Cushman & Wakefield | CRESCO Rico Pietro and Jim Krivanek represented seller client, New York development firm, Somera Road, Inc., in the recent purchase of the Royalton Collection office space by Foundation Software, Inc. For Somera Road, this brings their Royalton Collection – a mixed use development comprised of four additional single-story retail buildings in … 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
Clicks-to-Bricks – Holiday Shopping is Full Speed Ahead
By Garrick Brown, Vice President of Retail Intelligence and Ben Conwell, Senior Managing Director and head of Cushman & Wakefield’s newCommerce Initiative With Thanksgiving, Black Friday and Cyber Monday rapidly approaching, Cushman & Wakefield’s resident experts on bricks-and-mortar retail and eCommerce are providing their take on the looming holiday shopping season. Brown: First off, the holiday shopping season isn’t … Continued
Cushman & Wakefield I CRESCO: Proud Partner to Fat Head’s Brewery
Fat Head’s Brewery is an expertly purpose-built 75,000 sq ft brewery, headquarters and beer hall dining space, with an option to expand another 50,000 sq ft. It’s hard to miss the new Fat Head’s in Middleburg Heights. The familiar logo calls every day to thousands of travelers from the 32-foot-tall stainless steel fermentation tanks along … Continued
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
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