February 13, 20187 yr I've always wondered what a fake downtown like Crocker Park would look like if it falls on hard times. A suburban version of 1980's Euclid Ave? Will the people of Westlake flee further west when all the bad elements show up among the boarded-up Lulu Lemons and Cheesecake Factories? :P ;D
February 13, 20187 yr This could be bad... Clayton, Dubilier, and Rice is one of the better buy-out firms. Their reputation is one of making operational improvements to companies rather than "financial engineering" (i.e. strip the cash and sell the caracss). Sometimes they resell the company publicly, sometimes they sell it to a bigger organization. This is not by definition bad news, although it may work out that way. Remember: It's the Year of the Snake
February 13, 20187 yr I've always wondered what a fake downtown like Crocker Park would look like if it falls on hard times. A suburban version of 1980's Euclid Ave? Will the people of Westlake flee further west when all the bad elements show up among the boarded-up Lulu Lemons and Cheesecake Factories? :P ;D It must be noted that the American Greetings end of Crocker, ready to take retail tenants for probably the better part of two years, is still mostly empty - with seemingly few prospects - including 100% vacancy on the ground floor the AG building, itself.. This from a shopping center that used to have a waiting list to take the spots of outgoing retailers. They built too much....
February 13, 20187 yr ^well, with this announcement I'm sure it will be a lot harder to fill those spots. I'm sure the owners of crocker park and the city of westlake not happy....
February 13, 20187 yr ^Brooklyn is having that land replaced with a new tenant. They might've been the lucky one in all of this.
February 14, 20187 yr Does Trinity see the growth in the expansion/construction of industrial facilities in Greater Cleveland? This press release unfortunately does not offer much insight..... https://news.thomasnet.com/companystory/trinity-consultants-opens-offices-in-cleveland-and-milwaukee-40009353 Trinity Consultants Opens Offices in Cleveland and Milwaukee Trinity's new offices in Milwaukee and Cleveland, under the leadership of Steve Tasch and Mike Burr, respectively, will support environmental permitting and compliance challenges of industrial facilities in those markets. (PRWEB) FEBRUARY 12, 2018 Trinity Consultants, an international environmental consulting firm that specializes in industrial air quality issues, recently opened offices in Cleveland, Ohio and Milwaukee, Wisconsin under the leadership of Mike Burr and Steve Tasch, respectively. These two offices are the latest additions to Trinity’s more than 50 offices across the U.S., Canada, the U.K., the Middle East, and China. Mike Burr, Managing Consultant in Cleveland, worked in Trinity’s Columbus, Ohio office for six years prior to relocating to Cleveland, following several years at another consulting firm. He has extensive experience providing industrial facilities from multiple sectors with high quality environmental permitting and compliance service. His expertise includes state and federal air construction permitting, including complex air dispersion modeling analysis, as well as Title V permitting and compliance, emission inventory development, and National Pollutant Discharge Elimination System (NPDES) permitting. Burr earned a B.S. degree in meteorology from Ohio University and a M.S. degree in atmospheric science from North Carolina State University. Steve Tasch, Managing Consultant in Milwaukee, worked in Trinity’s Chicago office for a decade prior to opening the new Wisconsin location. He is experienced in air and water quality permitting and compliance as well as environmental reporting and compliance auditing. He has extensive expertise supporting facilities in the asphalt roofing, bulk petroleum terminals, printing, and surface coating industries, among others. Tasch earned a B.S. degree in Chemical Engineering from the University of Illinois at Urbana-Champaign. Commenting on these new assignments and offices, Trinity President John E. (Jay) Hofmann noted, “We are so pleased with the achievements and commitment demonstrated by Steve and Mike to both Trinity and our clients. It is indeed a pleasure to encourage their career growth while also opening new office locations that will allow us to better serve clients in the Ohio and Wisconsin markets.” Background on Trinity Consultants Founded in 1974 in Dallas, Texas, Trinity is an international company with more than 50 offices operating in North America, the U.K., China, and the Middle East. Trinity Consultants provides services to a variety of industrial sectors, conducting over 2,000 environmental consulting projects annually. Trinity also markets BREEZE® environmental modeling software, implements technology solutions for EHS information management, and provides professional EHS training and EHS staffing services. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 18, 20187 yr February 18, 2018 4:00 am CommutAir likes Northeast Ohio landing spot By JAY MILLER It wasn't until last Thursday, Feb. 15, that travelers could once again board an airplane operated by CommutAir at Cleveland Hopkins International Airport, even though the regional air carrier moved its corporate headquarters to North Olmsted last year. ...The North Olmsted office grew to 138 CommutAir employees before the headquarters move, operating the airline's flight and system nerve centers, as well as its maintenance planning, crew scheduling, human resources and finance operations. That number now has grown to 165, and the company has pledged to the tax credit authority that it will grow to 217 employees by the end of 2020. The company has 18,000 square feet of office space at Great Northern Corporate Center and is exploring additional space in its current location. MORE: http://www.crainscleveland.com/article/20180218/news/152306/commutair-likes-northeast-ohio-landing-spot "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 19, 20187 yr February 18, 2018 4:00 am CommutAir likes Northeast Ohio landing spot It would be nice to see them bring the maintenance operation back from Albany to Cleveland. When UA dehubbed, CommutAir moved their maintenance from CLE to Albany and it has been a rolling disaster for them ever since. Since ExpressJet still maintains their ERJ's at CLE, it seems to me that CommutAir could strike some kind of a deal to run the CLE maintenance and hangar as a joint operation - greater efficiencies for both companies. Remember: It's the Year of the Snake
March 3, 20187 yr Plug and Play Cleveland launches with pitches from health industry startups One company envisions a wristband to track blood sugar for diabetes patients. Another thinks it has the technology to more accurately pick the right prescription dosages for individuals. Shorter wait times for doctor visits and medical tests is the goal of another firm.Twenty-seven startups from across the globe came Thursday looking for help to turn their ideas into reality as Silicon Valley-based business incubator Plug and Play launched a satellite program in Cleveland. About 10 winners from 21 health-related companies will be chosen within days to receive mentoring help in Cleveland over the next few months before presenting their fine-tuned plans to potential investors in June https://www.google.com/amp/s/articles.cleveland.com/metro/index.ssf/2018/03/plug_and_play_cleveland_launch.amp
March 3, 20187 yr ^this might e the most important thing happening in Cleveland right now. The companies that come out of this will be high tech job producers. Challenge will be if Cleveland can keep them here
March 3, 20187 yr Love this: Plug and Play founder Saeed Amidi, who lists early ties to PayPal, Lending Tree and DropBox among his organization's successes, envisions big things for Cleveland. He said Cleveland is ready to embrace 20 or more new startups a year as part of the program. "If we do that, I promise you this building will be humming and it will be too small," he said of Cuyahoga County's downtown Global Center for Health Innovation. "We will have to build another one."
March 3, 20187 yr ^ Let's add this article to the mix; it mentions Cleveland at least three times: https://chiefexecutive.net/new-opportunity-boomtowns/
March 3, 20187 yr Explains the relocation of many East Coasters to the Cleveland area and why I'm seeing so many New York license plates around town. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 9, 20187 yr There was an earlier report that Lorain Pig Iron LLC (a Republic subsidiary) was examining reopening ONE of the Republic blast furnaces in Lorain. Now it's reported Republic is looking at reopening the whole place and rehiring a thousand workers. http://www.chroniclet.com/Local-News/2018/03/09/Republic-Steel-prepared-to-open-in-Lorain.html Remember: It's the Year of the Snake
March 9, 20187 yr That's great for those steel workers. But will many more lose their jobs in other sectors as some predict as a result of the new tariffs? I'm asking genuinely, not rhetorically, as I haven't done my own analysis on the impact yet.
March 9, 20187 yr That's great for those steel workers. But will many more lose their jobs in other sectors as some predict as a result of the new tariffs? I'm asking genuinely, not rhetorically, as I haven't done my own analysis on the impact yet. I posted articles from USA Today and the Sharon (PA) Herald in the Trump thread. https://www.urbanohio.com/forum/index.php/topic,30962.msg900154.html#msg900154 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 9, 20187 yr That's great for those steel workers. But will many more lose their jobs in other sectors as some predict as a result of the new tariffs? I'm asking genuinely, not rhetorically, as I haven't done my own analysis on the impact yet. Another risk is that the raw steel and aluminum now exported to the US will in the future be exported to us in the form of finished products. There's always a risk; but for Lorain, they may come out ahead in this case. Remember: It's the Year of the Snake
March 10, 20187 yr its not amazon hq2 or anything, but republic steel will retrain and hire 1000 people back at lorain steel: http://www.morningjournal.com/article/MJ/20180308/NEWS/180309453
March 11, 20187 yr A dozen companies selected for Plug and Play Cleveland accelerator The first 12 residents of the Cleveland business accelerator hosted by Plug and Play have been selected. The companies will be housed in the Global Center for Health Innovation, where Plug and Play has made a three-year commitment to provide mentorship to high-tech startups. On March 1, 21 companies in the field of health made live pitches for a spot in the incubator. Audience members were allowed to vote on which ideas they liked best and the results assisted the Cleveland Clinic and local business booster JumpStart in the selection process. http://www.cleveland.com/metro/index.ssf/2018/03/a_dozen_companies_selected_for.html
March 11, 20187 yr 'The Two Tomorrows' report aims to spur economic growth in Northeast Ohio The Fund for Our Economic Future intends for its recently released "The Two Tomorrows" report to provide a "collective sense of purpose" that will spur action, said Brad Whitehead, president of the alliance of funders that includes foundations and other nonprofits, employers, government entities and universities. "It very much is something that is going to be guiding how we, as philanthropies, dedicate our resources over the coming years," he said. "It is an important call to our partners in other sectors as well to say, 'Look, there are some things to be proud of, but let's not kid ourselves. We've got work in front of us,'" Whitehead said of the report. The report's title refers to the two choices facing the 18-county region that includes the Cleveland, Akron, Canton and Youngstown metro areas. One is an economically-distressed region where job loss, declining population and poverty persist. The other is an improving regional economy characterized by the growth of good-paying jobs and a well-trained workforce. The report looks at what it deems are three areas that must be addressed if Northeast Ohio wants a brighter economic tomorrow: job creation, job preparation and job access. Job creation efforts should include focusing on production industries that not only drive the regional economy, but have outpaced national growth rates. The report says these include plastics, paint and coatings and electro medical and instrument manufacturing. Expanding the burgeoning bio-science industry should be another strategy, the report said. "A decade or two ago, so many people were saying that it was too late for Northeast Ohio to get into the bio-sciences," Whitehead said. "But yet, a number of institutions and public sector players, funders and entrepreneurs got together. We have a sector now that is creating some 1,000 jobs a year." http://www.cleveland.com/business/index.ssf/2018/03/the_two_tomorrows_report_aims.html http://www.the2tomorrows.org/
March 12, 20187 yr Fund That Flip wins award: https://www.prlog.org/12695716-fund-that-flip-announced-as-winner-in-2018-smart-culture-conference-awards.html Note the dateline is Cleveland. The company has already said they will move their back office operation to the Warehouse District. It wouldn't be a shocker to see them move the rest of the headquarters as well. Remember: It's the Year of the Snake
March 12, 20187 yr Fund That Flip wins award: https://www.prlog.org/12695716-fund-that-flip-announced-as-winner-in-2018-smart-culture-conference-awards.html Note the dateline is Cleveland. The company has already said they will move their back office operation to the Warehouse District. It wouldn't be a shocker to see them move the rest of the headquarters as well. Agreed. It's a small company but it started in 2014 and fast growing. This is one of many companies putting their back-office operations here. Here's an article from last summer about Fund That Flip Fund That Flip plans to expand in Cleveland http://www.crainscleveland.com/article/20170731/news/170739959/fund-flip-plans-expand-cleveland "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 12, 20187 yr ^ Disclosure: I'm a Fund That Flip customer and very happy with the relationship. Remember: It's the Year of the Snake
March 12, 20187 yr ^ Disclosure: I'm a Fund That Flip customer and very happy with the relationship. Do you invest your money with them or do you borrow from them?
March 12, 20187 yr Fund That Flip wins award: https://www.prlog.org/12695716-fund-that-flip-announced-as-winner-in-2018-smart-culture-conference-awards.html Note the dateline is Cleveland. The company has already said they will move their back office operation to the Warehouse District. It wouldn't be a shocker to see them move the rest of the headquarters as well. Agreed. It's a small company but it started in 2014 and fast growing. This is one of many companies putting their back-office operations here. Here's an article from last summer about Fund That Flip Fund That Flip plans to expand in Cleveland http://www.crainscleveland.com/article/20170731/news/170739959/fund-flip-plans-expand-cleveland Still have a bad taste about ''flippers'' in general but maybe because Cleveland's city markets need as much help as possible, this could be a decent thing.
March 12, 20187 yr Fund That Flip wins award: https://www.prlog.org/12695716-fund-that-flip-announced-as-winner-in-2018-smart-culture-conference-awards.html Note the dateline is Cleveland. The company has already said they will move their back office operation to the Warehouse District. It wouldn't be a shocker to see them move the rest of the headquarters as well. Agreed. It's a small company but it started in 2014 and fast growing. This is one of many companies putting their back-office operations here. Here's an article from last summer about Fund That Flip Fund That Flip plans to expand in Cleveland http://www.crainscleveland.com/article/20170731/news/170739959/fund-flip-plans-expand-cleveland Still have a bad taste about ''flippers'' in general but maybe because Cleveland's city markets need as much help as possible, this could be a decent thing. There are "flippers" and there are flippers. The former merely buy a house and slap some paint on it and cover up all the problems and sell it to some unsuspecting buyer. The latter actually repair more than cosmetic issues and create a nice product. We need less of the former and more of the latter.
March 12, 20187 yr Right now there are radio ads telling people they can make "thousands in passive income" without lifting a finger.
March 12, 20187 yr Right now there are radio ads telling people they can make "thousands in passive income" without lifting a finger. These are people selling seminars. This is what Trump University was.
March 12, 20187 yr When somebody is selling a $129.95 eBook or a seminar on how to make tons of money doing something, you've got to wonder why they're selling eBooks and not just doing the thing they claim will make you tons of money...
March 12, 20187 yr When somebody is selling a $129.95 eBook or a seminar on how to make tons of money doing something, you've got to wonder why they're selling eBooks and not just doing the thing they claim will make you tons of money... Most likely because they are con artists.
March 12, 20187 yr Fund That Flip wins award: https://www.prlog.org/12695716-fund-that-flip-announced-as-winner-in-2018-smart-culture-conference-awards.html Note the dateline is Cleveland. The company has already said they will move their back office operation to the Warehouse District. It wouldn't be a shocker to see them move the rest of the headquarters as well. Agreed. It's a small company but it started in 2014 and fast growing. This is one of many companies putting their back-office operations here. Here's an article from last summer about Fund That Flip Fund That Flip plans to expand in Cleveland http://www.crainscleveland.com/article/20170731/news/170739959/fund-flip-plans-expand-cleveland Still have a bad taste about ''flippers'' in general but maybe because Cleveland's city markets need as much help as possible, this could be a decent thing. There are "flippers" and there are flippers. The former merely buy a house and slap some paint on it and cover up all the problems and sell it to some unsuspecting buyer. The latter actually repair more than cosmetic issues and create a nice product. We need less of the former and more of the latter. Well, in the end, the ''flippers'', the flippers, and all of us go down in flames. The U.S. real estate market is shady again.
March 12, 20187 yr When somebody is selling a $129.95 eBook or a seminar on how to make tons of money doing something, you've got to wonder why they're selling eBooks and not just doing the thing they claim will make you tons of money... Most likely because they are con artists. The good, the bad, and the ugly all end up down the drain. The con artists ruin the market at our expense; just like the last time, a short 10 years or so a go. Caused a Depression, the actual name of the "Great Recession''.
March 12, 20187 yr Not to be a dick, but the fact that motivational speakers even exist blows my mind.
March 12, 20187 yr And with that, we return to Cleveland business/economic news before the mods schmack our schmankees. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 12, 20187 yr Do you invest your money with them or do you borrow from them? Invest. Remember: It's the Year of the Snake
March 12, 20187 yr Do you invest your money with them or do you borrow from them? Invest. Sending you a PM
March 12, 20187 yr There are "flippers" and there are flippers. The former merely buy a house and slap some paint on it and cover up all the problems and sell it to some unsuspecting buyer. The latter actually repair more than cosmetic issues and create a nice product. We need less of the former and more of the latter. FTF is quite conservative. The flipper has to have a good bit of his own equity in the deal and they further protect themselves (and their investors) by holding the risk money to an amount substantially under the expected market value. Plus, FTF does a lot of repeat business with their successful flippers. Remember: It's the Year of the Snake
March 12, 20187 yr Years ago only hard money lenders were in this space. However, interest rates around around 15% - 18% plus high closing fees to a broker. And they would only lend at 50 - 65% LTV.
March 12, 20187 yr There are "flippers" and there are flippers. The former merely buy a house and slap some paint on it and cover up all the problems and sell it to some unsuspecting buyer. The latter actually repair more than cosmetic issues and create a nice product. We need less of the former and more of the latter. FTF is quite conservative. The flipper has to have a good bit of his own equity in the deal and they further protect themselves (and their investors) by holding the risk money to an amount substantially under the expected market value. Plus, FTF does a lot of repeat business with their successful flippers. This is all understood; but the ''flippers'' (bad players) described in this thread are out there again as well. The ''flippers'' don't care about protecting anyone else but their own wallets. The whole flipping concept sounds great on paper, but, as we've recently experienced, it can cause real damage.
March 12, 20187 yr I'm not sure it works on paper either, if the result is artificially inflated home values. There are two sides to every "easy money" scenario because typically money is not easy.
March 12, 20187 yr I'm not sure it works on paper either, if the result is artificially inflated home values. There are two sides to every "easy money" scenario because typically money is not easy. Right, it sounds good on paper but doesn't actually work on paper at all, except for the eventual gullible buyer with no business getting a bicycle purchase financed let alone a house. Artificially inflated prices indeed. That's why I'm not really celebrating this Flipping Is Us kind of company opening up shop here. U.S. Housing Market Ponzi II.
March 15, 20187 yr Philips Healthcare laying off at least 65 Ohio employees, it says in letter to state Philips Healthcare, which moved its nuclear medicine headquarters to Northeast Ohio from Silicon Valley and qualified for millions in state money seven years ago, has told the state it is permanently laying off at least 65 employees. The company told the Ohio Department of Job and Family Services the layoffs are due to a business reorganization. The company didn't say who was being let go but identified positions that were being eliminated - from assemblers to technical writers. We anticipate that there will be further layoffs throughout 2018 and we will update this notice as appropriate," the company said in the letter dated Feb. 20 . Bret Crow, a spokesman for Job and Family Services, said the agency hasn't received any updates about more jobs going away since it sent the letter. Last month, the company announced on its website that manufacturing would stop at its Highland Heights facility in the second half of the year. It said that in its place, the Cleveland-area location would become a research and development facility for Philips' computed tomography and advanced molecular imaging. http://www.cleveland.com/open/index.ssf/2018/03/philips_laying_off_at_least_65.html
March 15, 20187 yr Techstars doles out tough love for Cleveland's startup community Contrary to popular belief, Northeast Ohio doesn't really need more venture capital to take its startup scene to the next level — at least not according to Chris Heivly of Techstars, which runs business accelerators all over the world. What it really needs, in his view, is a cultural shift: People in the local business community need to do whatever they can to help entrepreneurs succeed — even if they might not benefit from it. "The new rule is, we're 'give first,' and that's all there is to it," he said. Techstars has been analyzing Northeast Ohio's startup scene and working on a plan to improve it — a plan paid for by a group of local entrepreneurs who so far have raised about $40,000 in online donations. Heivly laid out that plan in detail at the City Club of Cleveland on Tuesday, March 13. After interviewing dozens of local entrepreneurs and people who work with them, Heivly said he learned that there's a decent amount of early stage entrepreneurial activity in Northeast Ohio — but he got the sense that it's been stuck at roughly the same level for three to five years. How strong is Cleveland's startup community? It earned a 3 on a 7-point scale created by Techstars. http://www.crainscleveland.com/article/20180314/news/154916/techstars-doles-out-tough-love-clevelands-startup-community
March 19, 20187 yr Transdigm has done two deals in four days. https://www.transdigm.com/investor-relations/news-releases/news-article/?myartid=2338708 https://www.transdigm.com/investor-relations/news-releases/news-article/?myartid=2338383 Remember: It's the Year of the Snake
March 21, 20187 yr TUESDAY, MARCH 20, 2018 Cleveland, redefined Perhaps you've noticed it on the license plates of cars in your neighborhood. Perhaps you've noticed it while shopping for a new house. Perhaps you've noticed it in the new faces at your child's school. Perhaps you've noticed it on local dating apps. Something is happening in Greater Cleveland that we're not accustomed to. They're coming. Many are already here. Lots of them. Lots of what? People. Relocated, transplanted, moved. MORE: http://neo-trans.blogspot.com/2018/03/cleveland-redefined.html?m=1 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 21, 20187 yr TUESDAY, MARCH 20, 2018 Cleveland, redefined Perhaps you've noticed it on the license plates of cars in your neighborhood. Perhaps you've noticed it while shopping for a new house. Perhaps you've noticed it in the new faces at your child's school. Perhaps you've noticed it on local dating apps. Something is happening in Greater Cleveland that we're not accustomed to. They're coming. Many are already here. Lots of them. Lots of what? People. Relocated, transplanted, moved. MORE: http://neo-trans.blogspot.com/2018/03/cleveland-redefined.html?m=1 I hate to give Trump credit for anything, so I won't. But Obama removal has something to do with this. There was concern about relocating in the medical sector because of uncertainty about what could happen vis a vis government control. It's no secret that if there were to be a de-privatization, NE Ohio would suffer in favor of areas with more direct political clout: i.e. powerful Congressmen or proximity to existing public sector centers of influence. Rochester, MN (Mayo) would also suffer. While this remains a long term issue, short term not so much. It's by no means the main factor but it's a factor.
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