Blog

Van Aken District Retail Leasing to be led by Cushman & Wakefield | CRESCO

The owners and operators of the Van Aken District, RMS Development Corporation, selected Cushman & Wakefield | CRESCO to represent the retail listings at the Shaker Heights mixed use development. The Van Aken District and adjacent Shaker Plaza, combine to be a brand new downtown for Shaker Heights, located at the corner of Warrensville Center … Continued

Stark Enterprises Selects Cushman & Wakefield | CRESCO as Office Leasing Partner for nuCLEus

Stark Enterprises has selected Cushman & Wakefield | CRESCO to broker office leasing for their downtown nuCLEus project. The two Cleveland-based companies agreed to terms this week, bringing together highly-skilled and experienced commercial real estate professionals from both sides to serve as partners on this project. With a strong track record of brokering new developments … Continued

Broker Spotlight: David Leb

A passion for people, places and problem solving has been an undercurrent throughout much of David’s professional life, but it was the igniting of an intrinsic sales gene that catapulted him into commercial real estate. During his undergraduate studies at Ohio State University where he earned a Bachelors degree in Geography and History, his original … Continued

Philips Healthcare – The Offices at Pinecrest

Philips Healthcare, a global healthcare industry leader, was looking to relocate its regional headquarters and research and development (R&D) team from its 40+ acre Highland Heights headquarters, which it has owned for decades. The assignment was made more challenging by the seemingly impossible deadline of 6 months from engagement to lease execution. Philips had a … Continued

Broker Spotlight: Shawn Fortner

Shawn Fortner recognizes that constant learning makes for a great broker. A young professional and native Clevelander, she seeks out organizations and mentors to sharpen her knowledge base to be the best broker she can for her clients. Having worked in commercial real estate since graduating from The Ohio State University with a BSBA in Real … Continued

Outside Investors Find Hidden Value in Cleveland Markets

The grand opening of Pinecrest in June 2018 marked an explosion of new retail, office & residential opportunities for Northeast Ohio. The $230 million development continues to announce unique entertainment and retail features not offered anywhere else in the area. On the surface, the development is an exciting new experience that has never been seen … Continued

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

To 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.