Blog

Toys “R” Us & Its Impact on Retail Real Estate

The recent news on Toys “R” Us and their impending closures of 180 locations only added to the sea of closure news we’ve been swimming in these past two months and will likely continue to float through this first quarter of 2018 despite the strong holiday shopping season we saw at the end of last year. As the numbers continue … Continued

Serving the Unique Real Estate Needs of Not-for-Profits

By David Lebenstein Not-For-Profits’ Unique Real Estate Needs In our practice, when we speak of not-for-profit organizations we break them down into eight groups: education and schools; arts and culture; housing and social services; religious institutions; community; healthcare; government; foundations; and labor and trade unions. Each of these groups have unique needs, missions, financial structures, decision-making … Continued

Meet Jason Laver, SIOR, Senior Vice President

What made you decide to get into commercial real estate? Having the ability to impact the growth and economic development of our region. It’s incredibly satisfying to see the tangible results of our efforts and hard work that result in job creation and/or an improved work environment for companies to succeed. What are your hobbies? … Continued

Dealmakers Live – Principal, Rico A. Pietro, SIOR

Rico Pietro, SIOR has been brokering real estate deals in the Cleveland market for more than 20 years. He was lead adviser for downtown Cleveland’s The Metropolitan at the 9 project, which includes a Marriott hotel, Heinen’s Market, luxury apartments and headquarters for Cuyahoga County offices. One of the keys to making that deal happen was the … Continued

How to Navigate Today’s Commercial, Industrial Real Estate Markets

Commercial and industrial real estate activity has remained very strong with no real end in sight. It has been a landlord/seller market for a while, but now it’s time for tenants/buyers to do their homework and bid aggressively before an attractive opportunity is lost. “We are continuing to see more and more multiple offers,” says … Continued

Behavioral Health Treatment Centers: The Next Big Real Estate Trend?

By Tim Callahan Mental health issues have long been marginalized and treatment options for related illnesses have traditionally been sorely lacking. Today, however, the outlook is much brighter for those seeking behavioral health care. Recently the Centers for Medicare and Medicaid Services (CMS) changed its payment model to improve access to and quality of mental … Continued

Life on the Edge: the New Normal for Data Centers

By Kevin Imboden “The Edge” is a commonly heard buzzword at the core of the data center conversation, whether it be edge computing, edge data centers or device and cloud edges. But what is this edge and why are so many in the industry feeling so….edgy?” Simply put, edge computing means moving applications and user services … Continued

Meet Brian Smith, Sales Associate

What made you decide to get into commercial real estate? I have always had an interest in commercial activity and after starting my own retail business with multiple locations, I found myself continually looking at commercial space and studying market trends and consumer behavior. I felt I could be helpful to both parties providing the … Continued

Meet Shawn Fortner, Sales Associate

What made you decide to get into commercial real estate? As a teenager I loved to shop. I worked in the mall (which was a little counterproductive since I was tempted to spend my money as fast as I could earn it!). I found myself wondering why we didn’t have certain stores that seemed to … Continued

The Amazon Effect and E-Commerce

Over the last few years Amazon has not only changed how consumers shop but has drastically changed all aspects of the real estate market. This Amazon effect and e-commerce is driving a real estate revolution and the effects have been seen here in the Northeast, Ohio real estate market. Just recently Amazon has made two … Continued

Meet Jason Griffith, Sales Associate

What made you decide to get into commercial real estate? I decided to get into commercial real estate because of my interest in real estate from an investment standpoint. Commercial assets are different than residential ones. Commercial Real Estate offers a person the chance to develop a career where one can be confident with a … Continued

How to Negotiate a Sale-Leaseback so that Both Parties Benefit

There has been a steady flow of sale-leasebacks in Cleveland as local, regional and national investors find themselves flush with cash, but with limited properties to buy. “There’s a lot of activity from outsiders looking in,” says Joseph V. Barna, SIOR, a principal at Cushman & Wakefield/CRESCO Real Estate. The reason, he says, is because it’s … 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.