Clefan98

Dan Gilbert's Bedrock is sizing up May Co. building Cavaliers owner, financier and casino operator Dan Gilbert's Bedrock Real Estate Services may be starting to step up its game in the downtown Cleveland property market. Bedrock's name has surfaced as the potential buyer of the old May Co. department store on Public Square. The building also has an often overlooked side on Prospect Avenue across from the Jack Cleveland Casino's welcome center, parking garage and recently installed Wahlburgers eatery. Three sources familiar with the situation, who asked not to be identified because they are not authorized to discuss it, said Gilbert's real estate arm is in due diligence to buy the building's upper floors from Euclid of Cleveland LLC, the Miami Beach, Fla.-based affiliate of real estate investor Robert Danial. http://www.crainscleveland.com/article/20170730/NEWS/170739993/dan-gilberts-bedrock-is-sizing-up-may-co-building

Investors starting to shower their love on Cleveland Veteran investor and global business authority Frederick Shepperd left Ohio in 2007 to establish a family office for high-net-worth people from a base in Zurich, Switzerland. Capital was flowing away from major markets like New York and into Europe at the time, Shepperd said, as U.S. property values began to plummet and other market indicators pointed to a coming recession. So the New Philadelphia native followed the money overseas. He has run Shepperd Investors AG from a European foothold for more than a decade now. Through a related alliance of family offices based in London, Shepperd's network has grown to roughly 200 European families from some 15 different countries with more capital than massive U.S. investment firm The Blackstone Group. His office invests directly in companies long-term, often targeting family owned operations. This March, Shepperd returned to Ohio. http://www.crainscleveland.com/article/20170730/NEWS/170739994/investors-starting-to-shower-their-love-on-cleveland

Medical Mutual soon might reacquire its headquarters Circumstances at its longtime headquarters in the 10-story Rose Building in downtown Cleveland may make it attractive for Medical Mutual of Ohio to stay in place. The health insurer, which has 1,000 workers stationed at the building at 2060 E. Ninth St., for almost a year has conducted a search for a new headquarters, or perhaps staying in place, that also considers combining its suburban and downtown workforces at another location. The buy-and-stay possibility has surfaced in a brief in a Cuyahoga County foreclosure case between its landlord, an affiliate of Los Angeles-based Bentley Forbes Group referred to as MMCO LLC, and the holder of the mortgage on the property. http://www.crainscleveland.com/article/20170730/NEWS/170739989/medical-mutual-soon-might-reacquire-its-headquarters

I think it looks really cool.

From the article: "It’s not entirely unheard of for a player to not keep in touch with his team’s front office over the summer, especially if he’s abroad".

I could careless what Wisconsin is paying for those jobs, it will be a wait and see game. This is an investment that Ohio hasn't seen in decades, and probably never will see. I can only imagine the infrastructure buildup that will happen with this. Milwaukee's already building like crazy now, this will only add to it. Not to mention Wisconsin's labor force is at the highest it has ever been. Ohio isn't even close to its peak, still declining. :roll:

Detroit Shoreway affordable housing project by RTA rapid station to get underway in August CLEVELAND, Ohio - Construction of Aspen Place, an affordable apartment building and transit-oriented development on Lorain Avenue, will begin this fall after five years of planning. Groundbreaking on the 40-unit building at West 61st Street is scheduled in August with construction beginning the next month, said Anya Kulscar, director of real estate for the Detroit Shoreway Community Development Organization. The building will be complete in the fall of 2018. "This is Detroit Shoreway's first real investment on Lorain Avenue," she said. "We are really excited. We have worked with RTA the last five years to get the project off the ground." http://www.cleveland.com/cuyahoga-county/index.ssf/2017/07/detroit-shoreway_affordable_housing_project_by_rta_station_to_get_underway_in_august.html#comments

^ Guide to Kulcher moved to 54th and Lorain.

Xinji Noodle Bar opens in Ohio City (photos) CLEVELAND, Ohio - An unconventional route led Shuxin Liu to open Xinji Noodle Bar, which debuts today in Ohio City at 4211 Lorain Ave. Ramen, steamed buns, Korean-style fried chicken and rice dishes will all be served up - but that wasn't always Liu's path. The name "Xinji" itself - Liu's middle name passed down through his family - means "new opportunity." After trading in his pursuit of a graphic design degree, Liu learned the ropes of making sushi at an area high-end grocer. It wasn't long before he found his way to Solon's Akira Sushi and Hibachi and later to Dante and the restaurant's sister sushi restaurant, Ginko. He traveled around the country, including Houston, Atlanta, Seattle and New York, where he staged at the renowned Momofuku. http://www.cleveland.com/entertainment/index.ssf/2017/07/xinji_noodle_bar_opens_in_ohio.html#incart_river_home

^ It always was.

Panzica Construction‏ @panzicaconst 42m42 minutes ago Team Panzica taking in the view from 3rd floor at Centric! #ClevelandRising @inthecircle #LittleItaly

Here's the link to the interview: https://www.iheart.com/podcast/139-Wills-and-Snyder-In-The-Mo-28122505/episode/nucleus-project-explained-from-ceo-developer-bob-28333808/

Michelle Jarboe‏Verified account mjarboe[/member] .@CuyahogaCouncil will consider $2M loan for Beacon tower in downtown #CLE next week. Developer still aims for August groundbreaking.

Yeah, they're cruising along..

WHOA! Amazon.com fulfillment center planned in North Randall, on former mall site http://realestate.cleveland.com/realestate-news/2017/07/amazoncom_fulfillment_center_p.html#incart_m-rpt-1

Informative video posted here: http://www.clevelandmetroschools.org/Page/12006

A decision was supposed to made on the location of this plant in June. Has anyone heard of any rumblings?

Project aims to restore Liberty Textiles Building Two factors have prompted the Kassouf family to undertake a revitalization of its Liberty Textiles Building, 1277 W. Sixth St., after a nearly 30-year wait. First, Joseph Kassouf, the son of longtime parking lot owner-operator and downtown Cleveland property investor James Kassouf, said rents only recently have reached the point where constructing apartments makes sense. Second, the family decided to drop a long-held dream of installing a boutique hotel in the Liberty, which dates from 1890. "The Cleveland hotel market is saturated," Joseph Kassouf said, "while demand by people to live in downtown Cleveland is strong." http://www.crainscleveland.com/article/20170716/NEWS/170719862/project-aims-to-restore-liberty-textiles-building

Luxury' student housing opens in downtown Cleveland The lights are going on at the newest downtown Cleveland residential project, the 11-story student housing project called The Edge on Euclid.Early move-ins — before the fall college year — began July 1, according to the developers of the 240-suite complex, CRG, a St. Louis, Mo.-based design-builder, and Koman Group, a real estate developer and owner with offices in St. Louis, Mo., and San Diego.The structure at 1750 Euclid Ave. is described as "luxury student housing" as it offers … http://www.crainscleveland.com/article/20170714/NEWS/170719861/luxury-student-housing-opens-in-downtown-cleveland

So what? We're allowed to get excited over this getting closer to coming to fruition.

Two armed men rob Lakewood man, police say LAKEWOOD, Ohio -- A man was robbed of his phone and wallet by two armed men early Wednesday morning, police say. The 53-year-old man was not hurt in the robbery that happened just before 1:30 a.m. on Lewis Drive near Madison Avenue, Lakewood police Capt. Ed Hassing said. The man was walking home when two men approached and pointed guns at him, police say. The robbers went through his pockets and took his wallet and phone, Hassing said. The man did not resist. They ran northbound and got into an unknown vehicle that drove northbound on Lewis Drive, the call log says. http://www.cleveland.com/lakewood/index.ssf/2017/07/lakewood_man_robbed_by_two_arm.html#incart_river_home Man, woman robbed at gunpoint in Rocky River Reservation CLEVELAND, Ohio -- Four armed men robbed a 19-year-old Lakewood man and a 19-year-old woman from Portland, Oregon in Rocky River Reservation, according to a report. No injuries were reported in the incident that happened about 10:30 p.m. Monday near the Stinchcomb Memorial, according to the report from the Cleveland Metroparks Ranger Department. http://www.cleveland.com/rocky-river/index.ssf/2017/07/man_woman_robbed_at_gunpoint_i.html#incart_river_home

NYC has more than 18 cranes. This article seems a little off.

Southland Engineering opens Cleveland office Southland Engineering has opened a new office — its seventh overall — in downtown Cleveland. The engineering firm's new Midwestern outpost is located in the Fifth Third Building at 600 Superior Ave. East. It is led by principal engineer Mark Crawford, nearly a 30-year veteran of the industry whose resume includes projects such as the Carl R. Darnall Army Medical Center in Fort Hood, Texas, and M Resort in Las Vegas, according to Southland's website. http://www.crainscleveland.com/article/20170711/NEWS/170719944/southland-engineering-opens-cleveland-office?utm_campaign=socialflow&utm_source=twitter&utm_medium=social

Sneak peek: Inside Jeremy Umansky's forthcoming delicatessen, Larder (photos) CLEVELAND, Ohio - When chef Jeremy Umansky announced he would be opening his own place nearly a year and a half ago, the project quickly became one of the most anticipated in the city. After making a name for himself through both his work at Trentina and on his own, he began hosting pop-ups to tease what would one day become a delicatessen, Larder. Food and adventure have always gone hand-in-hand for Umansky. His work at Trentina put him on the map for his innovative work in foraging and fermentation. He'll bring the same techniques to Larder at its new home, the 1854-built Ohio City Firehouse at 1455 West 29th St. Plans call for an October opening. He'll launch the business with his wife and pastry chef, Allie La Valle-Umansky, and Kenny Scott, formerly sous chef at Trentina. http://www.cleveland.com/entertainment/index.ssf/2017/07/jeremy_umansky_larder.html

The Battery Park apartment building is rising quickly.