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
Read moreTips for Purchasing or Leasing a Warehouse
Searching for a warehouse in Cleveland, Ohio? If so, this is likely an exciting—and perhaps stressful—time for your business. As businesses grow and expand, procuring new storage and distribution space is a natural next step. But this process can leave business owners with more questions than answers. For instance, is it better to purchase or … Continued
Read moreBroker Spotlight: Eliot Kijewski
Taking exceptional care of clients comes naturally to Eliot Kijewski. Although he initially thought he wanted to climb the corporate ladder after graduating from John Carroll University, he quickly realized his passion for sales so he shifted course to becoming a rep for a local industrial giant. He always had an interest in real estate, … Continued
Read moreCleveland’s 5 Most Iconic Buildings
5 Most Iconic Buildings in Cleveland Cleveland’s most iconic buildings have been a source of pride for local residents for more than a century. Many of these structures played pivotal roles in the development and success of Cleveland’s economy, and continue to serve as beacons of industry and culture. From opulent Neoclassical banks to historic … Continued
Read moreRevitalization of Lakewood’s Birdtown district continues with redevelopment of former BiRite building
By Jordyn Grzelewski The Plain Dealer LAKEWOOD, Ohio — A new plan to redevelop the former BiRite building on Madison Avenue will be a step forward in what city officials, local business owners and real-estate brokers say is a wave of reinvestment in this city’s historic Birdtown neighborhood. The building at 12501 Madison Ave. recently … Continued
Read moreThe Value of Real Estate Preservation
The Value of Preservation When you drive past an old industrial complex or commercial block, what are you really seeing? To the untrained eye, these structures are nothing more than faded, ramshackle eyesores that should perhaps be torn down and replaced with something new. But at Cushman & Wakefield | CRESCO, we see these historic … Continued
Read moreLand Banks: What Are They and Why Do They Matter?
During the 2008 housing crisis, few regions were hit as hard as the greater Cleveland area. An astonishing number of mortgage and tax foreclosures, among other factors, led to a multi-billion dollar loss in Cuyahoga County’s real estate tax base. The market was in a state of utter chaos, and the future looked grim. In … Continued
Read moreThe Rise of Co-Working in Cleveland
Co-working is rapidly redefining the office work environment. This trend has been quickly gaining steam in recent years, but many people have been left wondering what all the hype is about. What exactly is co-working, and what’s driving this transformation? An Overview on Co-Working One official definition of co-working is “the use of an office … Continued
Read moreMade in Ohio: Industrial Demand in the Greater Cleveland Area
Turn on any news station and you’ll be bombarded with talk of trade wars and tariffs. Given all of this news coverage, it’s all too easy to wonder: do we make anything in America anymore? This sentiment is present right here in Ohio, too. Clevelanders often relish in the city’s industrial roots—as if our manufacturing, … Continued
Read moreBroker Spotlight: Jason Laver
Jason Laver has always believed that the key to a successful, and contented career is to control your own destiny – which is exactly what attracted him to the commercial real estate industry. After spending countless late-night hours working his way through college at the University of Toledo where he was enrolled in a pre-pharmacy … Continued
Read moreNew Residential Development in Birdtown Makes History
Cushman & Wakefield | CRESCO’s David Leb represented the buyer in the purchase of the property located at 12501 Madison Avenue in the historic Birdtown neighborhood in Lakewood, Ohio. CRESCO’s Connor Redman represented the seller. Jim Miketo, owner of Forest City Shuffleboard in Ohio City, plans to transform the 20,471 square foot property into approximately … Continued
Read moreLeasing Industrial Space: What You Need to Know
Is your growing business in need of a larger industrial space for manufacturing, storage, fulfillment or distribution? Leasing industrial space (rather than purchasing the building outright) can be a smart financial decision for many types of businesses. That said, industrial space leases tend to be quite complex, and usually come with more considerations than standard … Continued
Read moreTo learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.