Land 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

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The 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

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Made 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

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Broker 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

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New 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

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Leasing 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

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Choosing Your Ideal Medical Office Space

Leasing a medical office space is a major decision, and there are many important factors that should be considered before you sign an agreement. Whether you’re opening a brand new practice or expanding your existing practice, here is what you need to know before you lease or buy a medical office building. 1. Consider the … Continued

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Selecting Retail Space: 7 Things to Consider

Whether you’re a retailer searching for the perfect storefront or an investor looking to purchase a new retail property, selecting the right retail space to rent or buy can be tricky.  How can you know whether you’re choosing the right location to appeal to your target demographic? Which factors are most important to consider when … Continued

Investing in Commercial Real Estate: The Pros and Cons

Investing in commercial real estate is a smart way to diversify your income streams and build your wealth. Traditionally, commercial real estate may refer to any property that is leased out to business owners, which can include retail, office, industrial, warehouse, apartments or mixed-use buildings. Getting started with commercial real estate investment can be an … Continued

Ohio City and Tremont Featured in Cushman & Wakefield’s National “Cool Streets” 2019 Report

Read the Ohio City | Tremont Cool Streets Research Report Ohio City / Tremont is one of North America’s top 20 “Cool Streets”, according to global real estate company Cushman & Wakefield. The coveted spot in Cushman & Wakefield’s Cool Streets report earns the neighborhoods attention from the firm’s 51,000-plus real estate professionals and their … Continued

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The Afterlife of Churches

By: Alex Russo, Senior Vice President There are approximately 250,000 churches in the United States. Yet over the past two decades, the percentage of Americans who belong to a church, mosque or synagogue has declined, forcing these houses of worship to close their doors and be sold to new owners. According to CoStar, more than … Continued

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Back to Business

The summer season is winding down, and businesses are preparing to shift into the fourth quarter. One in three small business owners say that Q4 tends to be the most profitable—and also the busiest—time of year, especially those in the retail and restaurant industries.  As we close out the summer season and roll into October, … Continued

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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.