March 8, 20232 yr 1 hour ago, E Rocc said: If I'm not mistaken, they don't do any manufacturing in this area. A supplier is more likely to visit plants than HQ, or in this case the research center. If they are doing this it's kind of symbolic. you have the cart before the horse. you don’t visit physical products like the paint research and manufacturing plants until you broach the deal at hq. and then you go back to hq to discuss, close and bookend it. even in non-physical product big tech deals there is plenty of this kind of personal interaction.
March 8, 20232 yr 22 minutes ago, mrnyc said: you have the cart before the horse. you don’t visit physical products like the paint research and manufacturing plants until you broach the deal at hq. and then you go back to hq to discuss, close and bookend it. even in non-physical product big tech deals there is plenty of this kind of personal interaction. Yes, but that happens at the beginning of the deal. The others can be continuous.
March 8, 20232 yr On 2/14/2023 at 4:08 PM, KJP said: Sorry for the delay. Had to pick up my son from school...... EY moving across downtown By Ken Prendergast / February 14, 2023 Although rumored for weeks, the announcement that EY (formerly Ernst & Young) is moving its offices out of one of only two trophy-class buildings in downtown Cleveland still came as a surprise to some longtime real estate executives. The 23-story office tower at 950 Main Ave. at Flats East Bank that bears Ernst & Young’s name has been one of downtown’s most expensive and successfully leased since it opened in 2013. MORE: https://neo-trans.blog/2023/02/14/ey-moving-across-downtown/ The powers that be at Tucker Ellis may have indirectly learned of this from us. My friend there that I told said they didn't know about it.
March 8, 20232 yr 4 hours ago, E Rocc said: The powers that be at Tucker Ellis may have indirectly learned of this from us. My friend there that I told said they didn't know about it. And I've heard that Tucker Ellis is subleasing a bunch of their space. It will be interesting to watch whether the building owner can fill the vacant space and whether Tucker Ellis gets a sweet new deal on their rent to keep the building from emptying out....
March 8, 20232 yr 1 hour ago, Foraker said: And I've heard that Tucker Ellis is subleasing a bunch of their space. It will be interesting to watch whether the building owner can fill the vacant space and whether Tucker Ellis gets a sweet new deal on their rent to keep the building from emptying out.... That's why I tipped her off, so they would have a chance to take advantage if possible. It should be noted that she, like others there, are remote most of the time.
March 9, 20232 yr On 3/8/2023 at 8:26 AM, E Rocc said: Yes, but that happens at the beginning of the deal. The others can be continuous. no, not just beginning, also middle and end of the deal. in person is crucial along the way at various points. you don't zoom and e-sign big contracts from your bubble boy home office lol.
March 9, 20232 yr 34 minutes ago, mrnyc said: no, not just beginning, also middle and end of the deal. in person is crucial along the way at various points. you don't zoom and e-sign big contracts from your bubble boy home office lol. Why not? It's done that way internationally, especially over the past 3 years.
March 9, 20232 yr 5 minutes ago, E Rocc said: Why not? It's done that way internationally, especially over the past 3 years. because its not like that entirely and especially right now as we are post pandemic. for example, all of my spouse's national and international deals are done hybrid, meaning definitely in person too. and they work with all the largest companies in the world and are world wide themselves. everyone comes and goes to hq and regional site offices at some points in the process. same for friends and their biz. also, i just visited my friend in binghamton this past weekend as his spouse was off to london for work. she is in a boston company that does corporate trainings. those are back to in person too.
March 27, 20232 yr Berkadia to expand at Key Tower By Ken Prendergast / March 27, 2023 By the end of this year, commercial loan originator Berkadia Commercial Mortgage will be showing off its greatly expanded offices on the 14th floor of Key Tower, 127 Public Square. And that expansion offers a couple of statements about Greater Cleveland’s economy in general and downtown Cleveland in particular. MORE https://neo-trans.blog/2023/03/27/berkadia-to-expand-at-key-tower/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 31, 20232 yr Posted at the Cleveland Random Developments thread Just now, KJP said: Board of Elections is moving out By Ken Prendergast / March 31, 2023 Cuyahoga County’s Department of Public Works this week issued a request for proposals from building owners and real estate brokers who can accommodate the requirements of a proposal consolidation of operations by the Cuyahoga County Board of Elections (BOE) into a new location. For decades, the BOE’s main offices have been located at 2925 Euclid Ave. in Cleveland’s Midtown neighborhood. But it also has two other locations that, in total, equal the size of their main offices and could be consolidated into a new, accessible location by this time next year, county officials said. MORE: https://neo-trans.blog/2023/03/31/board-of-elections-is-moving-out/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 11, 20232 yr Greater Cleveland office market still struggling By Ken Prendergast / April 11, 2023 Newmark, one of the world’s leading real estate services firms, issued its first quarter 2023 (23Q1) office market report for Greater Cleveland today and it continues to show a worsening situation in the region’s office sector. While only one submarket within Greater Cleveland showed an increase in office occupancies, none are taking it on the chin more than the central business district (CBD), its retailers, restaurants and transportation providers. But that data may have been disproportionately affected by a major deal. MORE: https://neo-trans.blog/2023/04/11/greater-cleveland-office-market-still-struggling/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 12, 20232 yr Man, it's f'd everywhere and so many of these buildings, especially the tall ones, just can't be refurbished or repurposed realistically. And the longer the vacancy, the higher those costs. Reminds me of dead malls a bit. Long term, i don't see how remote work possibly benefits downtowns. Without that constant dayforce population, I just don't see an upside. Tourism and residents just aren't enough. Now that I'm properly bummed out, let's look at the Guardians score tonight. .... OH COME ON! Edited April 12, 20232 yr by TBideon
April 12, 20232 yr I don't think remote work is going to be a permanent thing. I heard a report on the radio yesterday that a lot of people are getting tired of it due to no separation of work life and home life and would like to go back to the offfice.
April 12, 20232 yr 10 hours ago, LibertyBlvd said: I don't think remote work is going to be a permanent thing. I heard a report on the radio yesterday that a lot of people are getting tired of it due to no separation of work life and home life and would like to go back to the offfice. Several of my clients are requiring employees to return to the office due to a slow but steady decline in production and performance while working from home.
April 12, 20232 yr We're probably going to experience some reversion to the mean where work-from-home declines. But t's also hard for me to imagine we'll ever get back to the pre-pandemic status quo. More problematic though, I just don't think we've felt the full impact of the work-from-home switches that already occurred. Most of these office leases are 5 to 7 years, which means it probably won't be until the late 2020s that everyone who is going to downsize has had a chance to do so. I'm sure a lot of tenants renewed in early 2021 and are starting to wish they didn't. But I think Cleveland has some advantages here. We have a relatively tiny tech workforce. And tech is the industry that seems to be most severely impacted by WFH. As some evidence for this, our vacancy rate is currently lower than the epic boomtowns of Austin and San Francisco, and I expect that gap may widen. Additionally, we're fairly experienced here in office to residential conversions. So when the negative trends continue, I think we may be a little more ready to deal with it in a positive way than some other places.
April 30, 20232 yr Redirecting from the Sherwin-Williams HQ thread... Quote 33 minutes ago, Cleburger said: I was downtown yesterday evening for the Soldiers & Sailors tunnel tours followed by dinner and drinks. The streets were packed despite the lack of any games or events at Gateway. Some kind of dance competition was at the Convention center, sold out show at HOB, and a general surprising level of activity not touched by the Cavs, Guardians or Browns. We used to roll up our sidewalks in downtown Cleveland after 5 p.m. on weekdays and on weekends. Now, we roll out the sidewalks on evenings and weekends for the downtown residents to return home from work in the suburbs, or for them to emerge from the office nooks in their downtown apartments, or for the suburbanites to come downtown for a game or other fun. Maybe we need to put more CSU classrooms or labs in downtown's central business district, or attract another university downtown. I was in University Circle's Uptown area yesterday and it was a beehive of activity. But not all were college-age kids. There were actually quite a few families out and there was an event going on at MOCA (lots of red-jacketed valets on hand). I've written about how UC is catching (if not caught) up to downtown in jobs and residents. It was pretty visible yesterday. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 30, 20232 yr 2 hours ago, Whipjacka said: 5-6 thousand more csu students would be huge. A football program might help. Make it so!
April 30, 20232 yr 5 hours ago, KJP said: Redirecting from the Sherwin-Williams HQ thread... We used to roll up our sidewalks in downtown Cleveland after 5 p.m. on weekdays and on weekends. Now, we roll out the sidewalks on evenings and weekends for the downtown residents to return home from work in the suburbs, or for them to emerge from the office nooks in their downtown apartments, or for the suburbanites to come downtown for a game or other fun. Maybe we need to put more CSU classrooms or labs in downtown's central business district, or attract another university downtown. I was in University Circle's Uptown area yesterday and it was a beehive of activity. But not all were college-age kids. There were actually quite a few families out and there was an event going on at MOCA (lots of red-jacketed valets on hand). I've written about how UC is catching (if not caught) up to downtown in jobs and residents. It was pretty visible yesterday. There isn’t a city in the world that wouldn’t incorporate University Circle into their limits. I think Cleveland residents, tourists and employers are all taking notice of just how much it has to offer.
April 30, 20232 yr I love University Circle, but every now and again a little thought wells up in me that says the city would be so much stronger overall if assets like CMA, Severence Hall, and the CMNH were located right in Downtown. Or alternatively, scattered throughout Cleveland's neighborhoods. But our development history is what it is, and University Circle is a great many of our civic jewels packaged in one amazing box.
May 1, 20232 yr ^ Yeah, as much as l love UC l've often thought that in a long list of what ifs, what if Jeptha Wade had not donated the land to create the art museum? It would've been built downtown and the orchestra and the other museums would probably be there too. Don't know about CWRU and the Clinic. If that had happened, sure UC wouldn't be UC but downtown would be way more vibrant. At our size we can't afford to dilute our energy by creating two centers of activity. I would have preferred a stronger downtown and a weaker UC. But that's all water under the bridge at this point.
May 1, 20232 yr But it seems like a lot of cities, particularly older ones like ours, have dual nodes of activity. Pittsburgh has Oakland, St. Louis has Clayton, Cincinnati has Uptown, Columbus has OSU, and Detroit has several dense nodes although most are outside city limits. I think we could add some more University stuff downtown to give it more all day activity. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 1, 20232 yr On 4/30/2023 at 11:43 AM, KJP said: Redirecting from the Sherwin-Williams HQ thread... We used to roll up our sidewalks in downtown Cleveland after 5 p.m. on weekdays and on weekends. Now, we roll out the sidewalks on evenings and weekends for the downtown residents to return home from work in the suburbs, or for them to emerge from the office nooks in their downtown apartments, or for the suburbanites to come downtown for a game or other fun. Maybe we need to put more CSU classrooms or labs in downtown's central business district, or attract another university downtown. I was in University Circle's Uptown area yesterday and it was a beehive of activity. But not all were college-age kids. There were actually quite a few families out and there was an event going on at MOCA (lots of red-jacketed valets on hand). I've written about how UC is catching (if not caught) up to downtown in jobs and residents. It was pretty visible yesterday. Hell, I remember that corner being a drugstore. Truth is, the sidewalks haven't rolled up that early since the early 80s, not counting virus time, at least in certain areas of downtown. Edited May 1, 20232 yr by E Rocc
May 1, 20232 yr 19 hours ago, X said: I love University Circle, but every now and again a little thought wells up in me that says the city would be so much stronger overall if assets like CMA, Severence Hall, and the CMNH were located right in Downtown. Or alternatively, scattered throughout Cleveland's neighborhoods. But our development history is what it is, and University Circle is a great many of our civic jewels packaged in one amazing box. I think it's a great opportunity. A feature, not a bug. University Circle and downtown are about 4 miles from each other, and the entire stretch between them along Euclid, Carnegie, and Chester is severely underutilized but with good infrastructure. That whole area is just screaming out for more development, and it's starting to get it. For comparison, Downtown and UC are closer to each other than the Freedom Tower is to Central Park in Manhattan. So when the area between Downtown and UC is fully developed (and I really think it's when, not if), I think we'll be glad the points of interest are separated, because they'll anchor and sustain the entire four-mile stretch as opposed to just anchoring one cluster in the middle of the city.
May 1, 20232 yr 6 minutes ago, LlamaLawyer said: I think it's a great opportunity. A feature, not a bug. University Circle and downtown are about 4 miles from each other, and the entire stretch between them along Euclid, Carnegie, and Chester is severely underutilized but with good infrastructure. That whole area is just screaming out for more development, and it's starting to get it. For comparison, Downtown and UC are closer to each other than the Freedom Tower is to Central Park in Manhattan. So when the area between Downtown and UC is fully developed (and I really think it's when, not if), I think we'll be glad the points of interest are separated, because they'll anchor and sustain the entire four-mile stretch as opposed to just anchoring one cluster in the middle of the city. UC and the Clinic have grown together much more than years ago when the stretch in between was a tad seedy, so one big boost would be to get some larger biomed/biotech to locate in the 60s or 70s range. While strong residential areas tend to grow block by block rather than nucleating, that's not always the case for something like this.
May 2, 20232 yr 6 hours ago, KJP said: But it seems like a lot of cities, particularly older ones like ours, have dual nodes of activity. Pittsburgh has Oakland, St. Louis has Clayton, Cincinnati has Uptown, Columbus has OSU, and Detroit has several dense nodes although most are outside city limits. I think we could add some more University stuff downtown to give it more all day activity. Actually did a research paper on this in college. Yes, there was a movement in the early 20th century to put cultural institutions on the fringes of the cities, near where the wealthy people were living, and away from the dirt and grime of an industrial city. Pittsburgh's Oakland and Detroit's Center for Arts and Letters were a part of this movement, along with UC. But we're getting off topic here. So let's get back to Downtown Office News!
June 2, 20232 yr Reimagining Downtown Cleveland: Join City of Cleveland, Downtown Cleveland Alliance, Cuyahoga County, and Community Partners for Unveiling of Comprehensive Strategy What: Media are invited to attend the unveiling of Reimagining Downtown Cleveland on Tuesday, June 6 at 10:30am. Who: City of Cleveland Mayor Justin M. Bibb, Downtown Cleveland Alliance President & CEO Michael Deemer, County Executive Chris Ronayne, Ward 3 Councilman Kerry McCormack, Destination Cleveland, and Greater Cleveland Partnership. Where: Mall C, Downtown Cleveland (in the event of inclement weather: Red Room, City Hall) When: Tuesday, June 6, 10:30am sharp "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 2, 20232 yr 10 minutes ago, KJP said: Reimagining Downtown Cleveland: Join City of Cleveland, Downtown Cleveland Alliance, Cuyahoga County, and Community Partners for Unveiling of Comprehensive Strategy What: Media are invited to attend the unveiling of Reimagining Downtown Cleveland on Tuesday, June 6 at 10:30am. Who: City of Cleveland Mayor Justin M. Bibb, Downtown Cleveland Alliance President & CEO Michael Deemer, County Executive Chris Ronayne, Ward 3 Councilman Kerry McCormack, Destination Cleveland, and Greater Cleveland Partnership. Where: Mall C, Downtown Cleveland (in the event of inclement weather: Red Room, City Hall) When: Tuesday, June 6, 10:30am sharp A few City Club events dealing w/this too: Most relevant: https://www.cityclub.org/forums/2023/06/27/mapping-the-economic-future-of-downtown-cleveland There's also a ULI event discussing the "State of the Office: Office Trends" on 6/8: https://cleveland.uli.org/events/detail/00E4444C-0D09-4381-B8D8-F2F66CE90D4A/
August 3, 20231 yr TransDigm HQ bound for US Bank Centre August 03, 2023 STAN BULLARD Quote TransDigm Group (NYSE: TDG) will move to the top two floors of US Bank Centre, staying in downtown Cleveland as it exits the 30th floor of Erieview Tower. The headquarters of the aerospace and power parts manufacturer, representing just 40 people for a company that employs more than 14,000, will occupy the 15th and 16th floors of US Bank Centre, at 1350 Euclid Ave. in Playhouse Square. The company, through a spokesperson who declined to be identified, verified the move but downplayed it. TransDigm said it's simply a move to new space, as it is happy to stay in downtown Cleveland because it appreciates the city's vitality. TransDigm said it will exit Erieview Tower, where it occupies the 30th floor, in spring 2024 as its lease expires. https://www.crainscleveland.com/real-estate/transdigm-sets-downtown-cleveland-hq-move-us-bank-centre
August 3, 20231 yr I really think that Cleveland’s head start converting office to residential really saved it. I keep seeing videos a deserted downtown San Francisco that was too office dependent when the pandemic hit. Now those areas are largely abandoned and may not be too attractive for conversion.
August 3, 20231 yr 1 hour ago, Luke_S said: TransDigm HQ bound for US Bank Centre August 03, 2023 STAN BULLARD https://www.crainscleveland.com/real-estate/transdigm-sets-downtown-cleveland-hq-move-us-bank-centre Farther into that article, the annual sales are given as $64 billion. A mistake, I think; add a decimal point and make it $6.4 billion. Remember: It's the Year of the Snake
August 3, 20231 yr It's interesting to me that a company as large as TransDigm has such a small headquarters staff. I don't think lean and mean is the reason...must be a very different form of business operation.
August 4, 20231 yr 3 hours ago, cadmen said: It's interesting to me that a company as large as TransDigm has such a small headquarters staff. I don't think lean and mean is the reason...must be a very different form of business operation. It’s basically a holding company. Sets some broad direction and strategy, makes acquisitions and counts the money. Similar to Berkshire Hathaway who only have a few dozen corporate HQ staff in Omaha. My hovercraft is full of eels
September 18, 20231 yr Big-name downtown tenants are on the move By Ken Prendergast / September 18, 2023 Several major downtown Cleveland tenants are in the market for new homes and where they land could shake up the office market in the central business district. The moves come at a time when many companies are shrinking their office footprints and downtown office building owners are fighting to keep what tenants they have. Interestingly, several major tenants that are on the move are looking for larger space than what they have now. MORE: https://neo-trans.blog/2023/09/18/big-name-downtown-tenants-are-on-the-move/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 21, 20231 yr Is it too simple to have Oswald and CBRE stay where they are and just expand into some of that empty space in their respective buildings? Seems like they could strike a good deal.
September 22, 20231 yr CBRE is considering that. But they also want the Key Tower listing. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 24, 20231 yr Very close to downtown, and the latest office tenant to shrink..... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 2, 20231 yr Pretty interesting article here that bears on the state of the office market in general: https://www.theatlantic.com/ideas/archive/2023/11/downtown-building-maintenance-costs/675848/ I think the article's main point is very important that 25% vacancy with $75/sf rents is probably a lot better than 20% vacancy with $18/sf rents. I think Cleveland is pretty well positioned, as we have a low vacancy rate comparatively. Actually in basically every part of the metro, the office vacancy rate is either better than average or essentially average. In downtown, the vacancy rate is only 15% which is like 2/3 of the national average. Personally, I feel like the MOST IMPORTANT reason we're doing this well is our established track record of residential conversions. I also think that continuing to incentivize and pursue residential conversions is probably the number one thing we can do for the real estate market overall. I know some folks here get concerned about bleeding out office space, but the trends certainly make it look like that will happen, here and everywhere. If we are diligent about residential conversions (and they still have substantial demand), we'll be much better positioned than cities like Austin or Nashville, both of which have smaller downtown populations than Cleveland and minimal office-to-residential conversion history. I always like to recall the fact that the commute-to-downtown-office-job routine is a 20th century invention, whereas the people-living-in-dense-urban-communities routine is as old as agriculture (or older!!). I find it plausible that at some point in the future people will stop commuting to downtowns almost entirely.* But I find it implausible that people will ever stop living in downtowns. * I am not saying I think that will happen, just that it's possible. Sources: https://www.avisonyoung.us/documents/35486/80971301/AY US Office Report Q3 2023.pdf/acb2a1d3-b4d5-98d5-d9c1-d0a0fc6a049c?t=1696369455997&_gl=1*1bn1r3r*_up*MQ..*_ga*ODAyNTYxMTc2LjE2OTg5MzcyNTg.*_ga_NB1T86YXFD*MTY5ODkzNzI1Ny4xLjAuMTY5ODkzNzI1Ny4wLjAuMA.. https://www.avisonyoung.us/documents/91132/193782646/Cleveland_Office_Quarterly+Report_2023Q2_MASTER+TEMPLATE_2023.7.7.pdf/a4561a44-dc03-dd5b-5503-ea2c420e2678?t=1690230799985&_gl=1*14epbis*_up*MQ..*_ga*MjI5MDMzMTg3LjE2OTg5Mzc2MTA.*_ga_NB1T86YXFD*MTY5ODkzNzYwOS4xLjAuMTY5ODkzNzYwOS4wLjAuMA.. https://www.cbre.com/press-releases/cbre-analysis-cleveland-has-highest-percentage-of-its-office-stock-targeted-for-conversion
November 2, 20231 yr I agree with most of what you wrote, but the one different thing I'd argue is that locating jobs in downtown areas will help support residential living. This is just me popping off, but I also think having so much of our office-based workforce sprinkled all over the region is actually an economic drag. In cities where more work is done in a downtown area, it's easier to run across town for a business meeting with a customer or network over lunch or coffee with a potential new employer. Or even meet new people who you might want to start a business with. But I'm not sure what the constituency is to make a pivot like that. I think it would be good for our economy but for individual businesses things like parking and cheaper rents will be more important. Edited November 2, 20231 yr by coneflower
November 2, 20231 yr 35 minutes ago, coneflower said: I agree with most of what you wrote, but the one different thing I'd argue is that locating jobs in downtown areas will help support residential living. This is just me popping off, but I also think having so much of our office-based workforce sprinkled all over the region is actually an economic drag. In cities where more work is done in a downtown area, it's easier to run across town for a business meeting with a customer or network over lunch or coffee with a potential new employer. Or even meet new people who you might want to start a business with. But I'm not sure what the constituency is to make a pivot like that. I think it would be good for our economy but for individual businesses things like parking and cheaper rents will be more important. I saw a poll last week which still hasn't been published... but it polled 2,500 remote workers between the age of 25 - 40. 78% of them want an office to go to and see co-workers at least twice a week.
November 2, 20231 yr 6 minutes ago, YABO713 said: I saw a poll last week which still hasn't been published... but it polled 2,500 remote workers between the age of 25 - 40. 78% of them want an office to go to and see co-workers at least twice a week. Will this be published in Office Building Owner magazine?
November 2, 20231 yr 2 minutes ago, bumsquare said: Will this be published in Office Building Owner magazine? Lmao no the publication is actually a psych journal. My cousin was involved and she's a sociologist.
November 2, 20231 yr At first glance l was surprised that Cleveland leads the list with 10% of office space being planned for conversion. I thought we were running out of older buildings to covert but then it occurred to me that if the Centennial and the Landmark buildings are on that list then that is most of the square footage planned for conversion. Take those two off the list then we're nowhere near the top.
November 2, 20231 yr 3 hours ago, YABO713 said: I saw a poll last week which still hasn't been published... but it polled 2,500 remote workers between the age of 25 - 40. 78% of them want an office to go to and see co-workers at least twice a week. That is surprising. I would have thought that the people that want to be in the office are people 21-30 (before kids) and those (50+). For the young people, it is a great way to learn and a great way to make friends a build a network. For those 50+, this is a tremendously productive time. They are experienced in their field and have few outside concerns (e.g., children). 30-40's - I would think these employees would appreciate the flexibility. They're likely to have children that they'll need to shuffle back and forth to school, the doctors, play dates, sport events, etc. The flexibility is the key. We have the technology so there is no need for a company to take a hard stance (all remote or all in the office). No one person is the same so providing your employees flexibility is the key to attracting and retaining talent.
November 15, 20231 yr Dix & Eaton grows, buys St. Louis ad firm By Ken Prendergast / November 15, 2023 With a new Downtown Cleveland headquarters in the works, Dix & Eaton will move into it as one of the largest, employee-owned communications companies in the United States. That change in status occurred on Nov. 1 when the 71-year-old strategic communications firm acquired Standing Partnership, a 32-year-old, St. Louis-based marketing communications consultancy. The acquisition was announced today by Dix & Eaton. Terms of the transaction between the two privately owned firms will not be disclosed. MORE https://neo-trans.blog/2023/11/15/dix-eaton-grows-buys-st-louis-ad-firm/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 21, 20231 yr https://www.cleveland.com/realestate-news/2023/11/ernst-young-has-moved-into-its-new-home-on-lakeside-avenue-in-downtown-cleveland.html
November 21, 20231 yr On 11/15/2023 at 12:12 PM, KJP said: Dix & Eaton grows, buys St. Louis ad firm By Ken Prendergast / November 15, 2023 With a new Downtown Cleveland headquarters in the works, Dix & Eaton will move into it as one of the largest, employee-owned communications companies in the United States. That change in status occurred on Nov. 1 when the 71-year-old strategic communications firm acquired Standing Partnership, a 32-year-old, St. Louis-based marketing communications consultancy. The acquisition was announced today by Dix & Eaton. Terms of the transaction between the two privately owned firms will not be disclosed. MORE https://neo-trans.blog/2023/11/15/dix-eaton-grows-buys-st-louis-ad-firm/ Personally, I would have gone with Eaton/Dix
December 8, 20231 yr BrandMuscle opens new Cleveland hub By Ken Prendergast / December 8, 2023 The bad news is that a Downtown Cleveland employer has reduced its office footprint. The good news is the company, BrandMuscle, a mid-sized marketing technology firm, opened a new office yesterday downtown. The better news is that BrandMuscle kept Cleveland as one of its two remaining office hubs along with Chicago, while closing other offices in Austin, TX and Kansas City, MO after switching to a largely remote-work culture. MORE: https://neo-trans.blog/2023/12/08/brandmuscle-opens-new-cleveland-hub/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 8, 20231 yr So it is good news and somewhat surprising the we beat out Austin for a physical presence but speaking as an old guy l absolutely hate WFH. Yes, l understand that we are never going back to the old way of doing business but that doesn't mean l have to like it. Bring back downtown office space. Bring back retail. And the two hour twoln other martini lunch. He'll, while we're at it bring back suits and dresses. I say all this as a guy who loves being retired, doesn't have to go into any office, and dresses ascasually as l can get away with. In other words, do as l say, not as l do.
Create an account or sign in to comment