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 … ContinuedRead more
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, … ContinuedRead more
Striking the balance between the analytical and the creative has always been Bill Saltzman’s passion. From a young age, Bill fell in love with music and the arts, but his inquisitive mind also nurtured his enthusiasm for arithmetic and analytical thinking. After earning a B.B.A. in Economics from Ohio University, Bill took a position with … ContinuedRead more
By: Bill Saltzman, CCIM, SIOR Executive Vice President | Director of Office Services One of the most important, but least understood aspects of leasing commercial space is understanding square footage and how it impacts total occupancy cost. Space measurement is a complicated process that requires persistent attention to detail and there are numerous factors one … ContinuedRead more
Cushman & Wakefield | CRESCO professionals David Leb and Connor Redman represented landlord Midwest Development Partners in securing University Circle’s first upscale daycare facility. Sweet Kiddles, a flexible daycare operation that provides unique solutions for busy parents, will occupy front retail space in the Centric building located on the corner of Circle Drive and Mayfield … Continued
Cushman & Wakefield | CRESCO professional’s Bob Wetzel and George Pofok represented both parties in the leasing of an approximately 20,000-square-foot building at 30315 Bruce Industrial Parkway in Solon. By: Rachel Abbey McCafferty Northeast Ohio will soon be home to another manufacturing company. This one, ePac Flexible Packaging, aims to serve small businesses in the communities … Continued
For Eric Schreibman, being a broker in commercial real estate is all about being a trusted advisor, especially when clients need him the most. Upon earning his law degree from Arizona State University, Eric found that what he enjoyed most in the legal profession was not necessarily the mechanics of practicing law, but the opportunity … ContinuedRead more
Cushman & Wakefield | CRESCO professional Brian Smith represented the landlord in the sale of approximately 4 acres of property located at Columbus and Perkins Avenue in Sandusky, Ohio. Read the full article.
By: Jordyn Grzelewski, The Plain Dealer When Chad and Svetlana Kertesz purchased a property on the edge of Ohio City and the West Bank of the Flats last year, the six-floor building was vacant save for one tenant. Now, after undergoing what the couple described as “cosmetic renovations,” the building at 2019 Center St. – … ContinuedRead more
Cushman & Wakefield | CRESCO professional Robert Wetzel represented global manufacturer, Consolidates Precision Products (CPP), in the lease of a 145,000 square foot advanced manufacturing facility in Euclid, Ohio, bringing over 120 new manufacturing and engineering jobs to the city. CPP’s expansion to Euclid signifies a growing trend of industrial businesses choosing to move or … Continued
The commercial real estate industry is notoriously challenging, but that is exactly what attracted Alex Russo to becoming a Commercial Real Estate Broker. Growing up in Shaker Heights, Alex learned early on about the value of a strong work ethic; His father, Tony Russo, was a successful automobile salesman, who spoke often about how important … ContinuedRead more
According to Coresight research, 5,994 stores have announced they will close their doors while 2,641 have announced openings as of April 2019. U.S. retailer store closures so far this year surpass the number of closures from last year: 5,684. With all of the mall closings in the U.S., it is easy to think that retail … ContinuedRead more
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