A lot of those companies above do not have significant office space at their suburban locations. I can speak for RPM and Drug Mart, their offices are very small.  A lot of their operations are manufacturing facility space, and warehousing with a large percentage of the employees doing that work.  Even swageloks space is has a significant portion dedicated to manufacturing.

Also, those companies are many suburbs lifeline.  I'm would be very hard on the suburb to lose them.  That said, I could see them bending over backwards to keep them.  I can't think of a large company in recent years that was able to pull a move to the city.  Had a shot with Greetings, but another suburb was able to incenticise the move.

It would take something along the lines of a large/medium insurance broker like a Fideli, or a financial service company to make the move.  Westfield insurance would be great, but I could never see them leaving Westfield. 

That said' date=' I doubt Cleveland would try to poach Akron because it looks hypocritical when it fights poaching itself.[/quote']

 

I'm not saying CLE should poach. KJP simply asked which major companies could be candidates for a move to Downtown. If I headed a big company in this region, I'd certainly want to be Downtown and not in Beachwood or Independence or in one of the outer counties.

 

A good part of that area is the "borderlands" of northern Summit County' date=' technically part of metro Akron ...[/quote']

 

True, because MSA boundaries use counties lines, the area is part of the Akron MSA, but that area is actually part of the Cleveland Urbanized Area as defined by the Census Bureau, not part of Akron's.  They are Cleveland--not Akron--suburbs.

 

 

That said' date=' I doubt Cleveland would try to poach Akron because it looks hypocritical when it fights poaching itself.[/quote']

 

I'm not saying CLE should poach. KJP simply asked which major companies could be candidates for a move to Downtown. If I headed a big company in this region, I'd certainly want to be Downtown and not in Beachwood or Independence or in one of the outer counties.

 

A good part of that area is the "borderlands" of northern Summit County' date=' technically part of metro Akron ...[/quote']

 

True, because MSA boundaries use counties lines, the area is part of the Akron MSA, but that area is actually part of the Cleveland Urbanized Area as defined by the Census Bureau, not part of Akron's.  They are Cleveland--not Akron--suburbs.

 

 

 

Goodyear is located just outside of downtown Akron, not the northern suburbs. They just built a half billion dollar headquarters. Why even bring them up?

The reason I brought up Sterling is because that would be the company that has deep enough pockets to get naming rights for a building while only taking up maybe the top 7-10 floors of a new building.  If you notice there are a bazillion Jareds commercials on tv during the holidays. So they have money to spend.  Well another marketing angle would be to have a shiny top of a building with perhaps one of their store brand names emblazoned on it some how or maybe ever-changing.  So when the blimp is shooting pictures of downtown Cleveland it can have additional free advertising.  That wouldn't really be poachng Akron either.  Its just a HQ move while keeping the majority of facilities in Akron.

Let's keep it going!

 

Sherwin-Williams acquiring Valspar paints and coatings in $11.3 billion deal

 

CLEVELAND, Ohio -- Cleveland-based Sherwin-Williams Co. has announced it is acquiring the Valspar Corp., a Minneapolis-based global paints and coatings company, in an all-cash deal for $113 per share, or about $11.3 billion.

 

The transaction, which has been unanimously approved by the boards of directors of both companies, would create a global company with combined revenues of about $15.6 billion, adjusted earnings of $2.8 billion, and about 58,000 employees.

 

http://www.cleveland.com/business/index.ssf/2016/03/sherwin-williams_acquiring_val.html#incart_river_mobileshort_home

 

This likely explains why the expected announcement at the SHW annual sales convention regarding a new headquarters building ultimately wasn't made. There was probably still too much uncertainty concerning the Valspar acquisition for SHW to know how much office space it would actually need in Cleveland.

 

The acquisition is great news for CLE.

 

The Landmark office complex is 900' date='000 square feet and is owned entirely by Sherwin Williams. But a lot of big companies don't like to own their own buildings. Some of that 900,000 sf they lease out (perhaps as much as 100,000 square feet). Yet Sherwin Williams' offices have also spilled over in to the adjoining Skylight office building. So the total office usage by S-W is probably in the neighborhood of 900,000 square feet. [/quote']

 

Of course, the acquisition news is brand new. But for fun, as more details will emerge about the acquisition over the coming months, how much HQ space will now be needed for SW?

 

 

 

Awesome news! Hopefully this brings some nice paying jobs down from Minn too to add another dozen or so floors onto the skyscraper  :-D

Based on this article...

 

http://m.startribune.com/valspar-will-move-back-to-its-former-minneapolis-headquarters/274681811/

 

...this acquisition won't make a big addition to Sherwin Williams' headquarters building. It looks like Valspar has only 270 employees for its entire corporate headquarters staff. Even if all of them move, which they won't, it would add less than 90,000 sf to a headquarters building. If a tower has floorplates averaging 30,000 sf, that's only three more floors. And it won't be that much. But it will be interesting to see if any of Valspar's research facility staff is moved to Cleveland.

^270 seems very low for a company of Valspar's size.

 

Its not completely clear the way it is written, but you very well may be right:

 

"Valspar Corp. will move its headquarters back to the 111-year-old building on the east side of downtown Minneapolis that it left in 2009. In January, about 270 corporate employees will return to the former headquarters building at 3rd Street and 11th Avenue S., which underwent a $30 million renovation and reopened in June as an R&D center for the paint and coatings company. The R&D center houses 110 scientists."

 

As written, it could mean '270 corporate employees [out of 1200/2000/3000 employees who will remain at the other location] will return to the former headquarters building at 3rd Street..'

 

 

Paint company Valspar moving unit's offices

 

 

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(Crain's) — Valspar Corp. plans to move the offices of its house paint division from Wheeling to a building near O'Hare International Airport, where it will expand by roughly two-thirds, to 40,000 square feet.

 

The Minneapolis-based company has signed a long-term lease at 8725 W. Higgins Road in Chicago, where it will move its architectural products division, which makes paints, stains and varnishes for do-it-yourself customers and contractors.

 

The division is scheduled to move in June from a plant at 1191 S. Wheeling Road in the northwest suburbs, where it occupies about 25,000 square feet of office space, said Howard Heckes, a senior vice-president and head of the division.

 

 

http://www.chicagobusiness.com/realestate/20100201/CRED03/200036928/paint-company-valspar-moving-units-offices

^270 seems very low for a company of Valspar's size.

 

Its not completely clear the way it is written, but you very well may be right:

 

"Valspar Corp. will move its headquarters back to the 111-year-old building on the east side of downtown Minneapolis that it left in 2009. In January, about 270 corporate employees will return to the former headquarters building at 3rd Street and 11th Avenue S., which underwent a $30 million renovation and reopened in June as an R&D center for the paint and coatings company. The R&D center houses 110 scientists."

 

As written, it could mean '270 corporate employees [out of 1200/2000/3000 employees who will remain at the other location] will return to the former headquarters building at 3rd Street..'

 

 

 

True. They could have a sales office or call center located elsewhere in Minneapolis. But it's unlikely there will be much movement of staff until a new headquarters is built, which is at least 3-4 years away.

According this 2009 article, they had 400 headquarters employees -- not including scientists and researchers at their R&D facility. The HQ staff info could have been a pre-recession figure.

 

Valspar will move corporate HQ to Ameriprise building

Feb 8, 2009, 11:00pm CST Updated Feb 6, 2009, 7:00am CST

Sam Black

Staff Writer

 

Valspar Corp. will this month officially move its corporate headquarters and about 400 employees from its century-old home near Chicago and Washington avenues to two floors at Ameriprise Financial Inc.’s Client Service Center near Minneapolis’ downtown core.

 

Last spring, Valspar agreed to lease about 125,000 square feet of space in the building at 901 Third Ave. S., though it never formally announced the deal. Valspar is moving its administrative, finance, IT and sales and marketing staff into the 10th and 11th floors beginning Feb. 16, said Valspar spokesman Mike Dougherty.

 

Valspar, which will be the only non-Ameriprise tenant in the building, has had its name posted on the front of the building since December.

 

The Ameriprise Client Service Center, a 15-story tower at 901 Third Ave. S., was built in 2002. The building has 903,722 square feet of space, but it’s never been full.

 

Valspar’s existing campus has about 220,000 square feet of office space spread among five buildings built between 1904 and 1955.

 

MORE:

http://www.bizjournals.com/twincities/stories/2009/02/09/story5.html

Interesting article and photo gallery... It offers a possible insight into why SHW is considering a new HQ and what it might look like inside. This Malaysian HQ has almost nothing in common with SHW's outdated, stuffy, 86-year-old surroundings in Cleveland! These are two totally different work environments.

_______

 

 

Inside the Technicolor New Sherwin-Williams HQ Malaysia

BY LILY DI COSTANZO  JAN 22, 2014, 1:30P

 

Further adding to the furiously expanding league of cool HQs around the globe, it appears Asia's first ever Sherwin Williams office is the latest to forgo hum-drum workplace decor in the name of, well, funhouse-like madness. Designed by global architecture and design firm M Moser and located in Kuala Lumpur, Malaysia, the 11,500-square-foot space works hard to both banish any "numbingly linear succession" of desk spaces and to utilize literally every major color group of paint the building supply company makes. The result? One very groovy, paint-covered explosion.

 

A multi-colored 3D cubist sculpture makes up one entire wall of the office's reception area, and works to set the tone for the rest of the space—which embraces a rather open set-up, with color-coded desk clusters denoting specific work areas and only sliding walls of glass to section off conference zones. Really, no office du jour would be complete without plenty of designated "no work" space, so along the window-lined lounge are built-in couches and light wood floors, a welcomed change from the surprisingly dull gray carpeting seen throughout the rest of the HQ. Over all, the space might be a shade or two more normal than most, but still manages packs a whole lot of vibrant punch. Contemporist has the full gallery, right this way.

 

MORE:

http://www.curbed.com/2014/1/22/10152342/inside-the-technicolor-new-sherwin-williams-hq-malaysia

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

http://www.newyorklife.com/about/subsidiary-listings

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

http://www.newyorklife.com/about/subsidiary-listings

 

That's a big hit for a city like Lakewood. I usually love this sort of news, but this does more damage to an important inner ring suburb than it does to help downtown.

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

http://www.newyorklife.com/about/subsidiary-listings

 

That's a big hit for a city like Lakewood. I usually love this sort of news, but this does more damage to an important inner ring suburb than it does to help downtown.

 

I don't get it. Are you saying if this were Parma or Euclid, then it would be OK? The office market for the region is still weak, it's good the CBD fills more space.

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

http://www.newyorklife.com/about/subsidiary-listings

 

That's a big hit for a city like Lakewood. I usually love this sort of news, but this does more damage to an important inner ring suburb than it does to help downtown.

 

I don't get it. Are you saying if this were Parma or Euclid, then it would be OK? The office market for the region is still weak, it's good the CBD fills more space.

 

I'm thinking more like Beachwood or Independence. Either way poaching is poaching and results in zero net gain for the region as a whole.

 

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

http://www.newyorklife.com/about/subsidiary-listings

 

That's a big hit for a city like Lakewood. I usually love this sort of news, but this does more damage to an important inner ring suburb than it does to help downtown.

 

I don't get it. Are you saying if this were Parma or Euclid, then it would be OK? The office market for the region is still weak, it's good the CBD fills more space.

 

I'm thinking more like Beachwood or Independence. Either way poaching is poaching and results in zero net gain for the region as a whole.

 

 

So it's better to have businesses in the 'burbs if it's zero net gain?

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

http://www.newyorklife.com/about/subsidiary-listings

 

That's a big hit for a city like Lakewood. I usually love this sort of news, but this does more damage to an important inner ring suburb than it does to help downtown.

 

I don't get it. Are you saying if this were Parma or Euclid, then it would be OK? The office market for the region is still weak, it's good the CBD fills more space.

 

I'm thinking more like Beachwood or Independence. Either way poaching is poaching and results in zero net gain for the region as a whole.

 

 

So it's better to have businesses in the 'burbs if it's zero net gain?

 

No, that's not what I said.

This may be appropriate for another thread, but maybe someone could explain how taxes are shared via RITA or CCA?  I've never quite understood it being self-employed in Clevleland (I have to pay them 2%).  But aren't there credits and sharing for the places people are employed and the city they live in?

It all depends on the specific city and if they have a credit for income taxes paid elsewhere. Like I live in Cleveland and work in Twinsburg. They both have a 2% income tax rate, but Cleveland has a 50% credit. So I end up paying 2% to Twinsburg, and only 1% to Cleveland.

Good info, but its off topic

 

If anyone has any other questions about state taxes...maybe the off topic thread or start a new thread?

 

Thanks

I'm very surprised we haven't heard something, anything on a new Sherwin Williams HQ. Things have suddenly gotten VERY quiet. Not even any new rumors or hints in the last month.

^The Valspar acquisition will significantly change the number of employees Sherwin has.  If they were planning a new building, they may have to go back to the drawing board to figure out which employees go where

I thought that acquisition was not going to significantly increase the amount of HQ employees here in Cleveland. 

My post smoked out some inside info. It sounds like more than just the current HQ staffs of both companies will be consolidated into a new HQ building. How much is unknown until the Justice Department completes its antitrust review and determines what divisions would need to be shed to pass antitrust muster. So it could be a much bigger building or maybe only slightly bigger. That's why the HQ announcement has been put on hold until sometime later this year.

Exciting stuff! I guess I can be patient as long as it's MUCH bigger ;)

 

 

Sent from my iPhone using Tapatalk

Rumor has it that New York Life will be moving their offices from Lakewood to 200 Public Sq in August.  They currently have 300 employees at their Lakewood location. 

 

NY Life's move from Lakewood to Downtown confirmed (though didn't mention which bldg downtown). But the Lakewood office bldg won't sit empty--will be mostly converted to apartments:

 

http://www.cleveland.com/lakewood/index.ssf/2016/04/lakewoods_tallest_office_build.html#incart_river_index

Skyscraper intrigue swirls downtown

 

Before steel and stone can start reshaping downtown Cleveland’s skyline with new office buildings, the more fundamental building blocks are tenants who will occupy, and pay for, the space. Speculation about new skyscrapers is ramping up thanks to activities by two of downtown Cleveland’s largest corporate citizens: Sherwin-Williams Co., which is working on an acquisition that would make it the world’s biggest coatings company, and Medical Mutual of Ohio.

 

Rico Pietro, a principal at Cushman & Wakefield Cresco brokerage in Independence, believes it makes for additional excitement in the downtown market.

 

“When you add Sherwin-Williams’ potential need with the Medical Mutual requirement, you could have two significant buildings come out of the ground in the next few years,” Pietro said, in addition to the proposed NuCLEus mixed-use project. “Wherever they go, you’ll see additional development in that area.”

 

 

http://www.crainscleveland.com/article/20160410/NEWS/160409783/skyscraper-intrigue-swirls-downtown

The contrasts in the openness (or lack thereof) of these two companies in their assessment of office space needs is interesting to me. While it speaks to the culture of these two companies, it also speaks to where each company is in terms of the activity/priority status of their office space search. Three months ago, Sherwin Williams was way ahead of Medical Mutual in the office space assessment process. Not anymore. SHW has clearly set aside consideration of a new tower until the Valspar acquisition shakes out. While that disappoints me, I have no doubt that SHW will reconsider a tower next year. SHW spokesman Mike Conway also is adept at managing interviews and expectations of reporters. Thirty years ago he was a reporter at channel 8 and then became the spokesman for RTA, then Key Corp. In 2000, he got me into Key's executive dining room that overlooks Public Square from the 56th floor for a book project I was working on. Helpful guy, but he's not going to do anything that compromises his next paycheck. He wanted Key to have an acknowledgment in the book.

 

Yes, the Valspar/SHW consolidation will likely mean the reduction of some office staffs in some divisions, but it may result in the growth of office staff in the long term. Ultimately, a combined SHW/Valspar will result in a bigger, growing global company. I also have to wonder where the R&D facilities will be located. SHW has consolidated its Midwest R&D facilities here in in Cleveland after closing tech centers in Chicago and Detroit. It may continue that consolidation by relocating Valspar's R&D to Cleveland but keeping a sales office in Minneapolis since they have better air service. Before the Valspar acquisition, SHW was considering a 40-story, 900,000 sf tower that included its R&D facilities. But just because SHW is adding Valspar doesn't mean it will need an even bigger building. It could -- but there are so many variables at this point, including the Justice Department's antitrust review and possible forced shedding of some Valspar (or some SHW) operations, that it's impossible guess what form a new tower could take. So I certainly understand why Conway deflected speculation.

 

One thing that the Crain's article omitted is that Medical Mutual also has made a significant acquisition recently too. This isn't just about the 1,300 MM employees downtown or the 700 MM employees in the suburbs. It's also about the 300 employees in the Cincinnati-based insurance operation of HealthSpan that MM acquired earlier this year. Will they stay put in Cincinnati or will some/all of them be relocated north to Cleveland? If they move, it could increase MM's office space needs by 65,000-70,000 sf -- or 2-3 floors of a tower featuring open floor plates that can be illuminated by natural light. Add all of them together and you get 2,300 employees. Multiply that by 250 sf and you get 575,000 sf. Divide that by 25,000 sf per floor and you get 23 floors. The actual tower could be less with bigger floor plates, or it could be taller with a ground-floor atrium/retail/restaurant, allowances for future expansion and if structured parking is included within the tower's column. Note that this assumes that ALL of MM's uses are consolidated into a single building downtown, and that's a pretty big assumption. But it is certainly possible.

 

And the article also didn't mention that a civic office building (with jail) is also in the works for downtown with a new Justice Center. As long as the old Justice Center isn't taken over by SHW or MM, I'll be happy with a new Justice Center/jail, new Sherwin Williams tower and new Medical Mutual tower! And then there are the residential towers in the works...

A couple questions.

 

RE: MM, does anyone know if any of the 450 jobs MM has in the Toledo area are being looked at to be moved to Cleveland and consolidated into a new HQ building? This would definitely add to the amount of sf MM would need.

 

RE: Key, has there been any published info, or does anyone know how many (if any) of the former First Niagara Bank positions Key is planning on moving to Cleveland? I know any possible positions Key moves from Buffalo would not likely result in Key needing a new office tower, but Key would most likely have to lease back some of the approximately 200,00 sf in Key Tower that they let go of a couple years ago.

Everyone knows that the North Carolina LGBTQ law has caused a lot of backlash. Various companies, people and organizations are pulling out. One of those companies includes paypal. They have decided to nix plans to move their global headquarters  to Charlotte. Apparently there is a rumor, albeit a loose one that "several prominent Cleveland leaders have sent a letter to paypal inviting them to consider Cleveland." Sending a letter doesn't mean much and I'm not saying paypal would move here. My question is how likely do you all think this could be successful? This is simply news off of the cle_news Instagram.

 

Sent from my SM-N920T using Tapatalk

 

I'm sure they did, but they'll also be competing with Cincy (and many other cities) who sent a letter to them almost immediately.

yeah I don't really knows what goes into that.  Nice effort by all the cities, but id be shocked if it works.  Why did paypal want NC to begin with?  What is there?  Do we think the CEO would say "oh Cincinnati wrte us a letter, lets go there....no wait, Cleveland wrote us a letter and they hosted the gay games! lets go there!".  Doubtful.  ill never criticize people for putting themselves out there...so I applaud that, ill just be shocked if it worked.

I don't think they did it because they thought it would work - as noted above, it's a PR move.

yeah I don't really knows what goes into that.  Nice effort by all the cities, but id be shocked if it works.  Why did paypal want NC to begin with?  What is there?  Do we think the CEO would say "oh Cincinnati wrte us a letter, lets go there....no wait, Cleveland wrote us a letter and they hosted the gay games! lets go there!".  Doubtful.  ill never criticize people for putting themselves out there...so I applaud that, ill just be shocked if it worked.

 

But they're going to pick somewhere else. And getting your name there early on in that process is beneficial. It's not just a letter that would make the move happen, but it certainly doesn't hurt. PayPal will pick a new location and starting a conversation with them as early as possible could be the difference between landing those jobs or not.

To quote one of my favorite 80s bands the Psychedelic Furs: "You can never win or lose if you don't run the race."

Cleveland to gain 350 jobs as suburban tenant sets move to downtown

 

Downtown Cleveland’s gain is Lakewood’s loss as New York Life plans to move 350 workers to 200 Public Square from the Lakewood Center North building, 14600 Detroit Ave.

 

Theresa Wolcott, a New York Life spokeswoman, on Friday morning, April 15, confirmed the destination of the firm’s Cleveland operations to the city center in an email to Crain’s Cleveland Business.

 

The year-end departure from five floors of Lakewood Center North triggered its owner disclosing plans Monday, April 11, to convert 11 floors of the 15-story building to apartments from offices.

 

Wolcott said in email, “In this case, our expanding business required higher quality business space. To meet this need and stay in Cleveland, which we are committed to doing, New York Life is moving to new office space in downtown Cleveland. The new space provides the updated work environment we needed for our employees, access to the amenities of downtown Cleveland and room to add jobs in the years ahead.”

 

http://www.crainscleveland.com/article/20160415/NEWS/160419851/cleveland-to-gain-350-jobs-as-suburban-tenant-sets-move-to-downtown

 

^While I'm glad downtown is going to get these 350 NY Life employees, esp at Public Square, it sucks for Lakewood.  Lakewood is one of the good suburbs imho; a historical, urban, not-so-suburb suburb that has a great downtown walking district where these NY Life-ers were working.  It's kinda like robbing Peter to pay Paul. 

 

Now if downtown Cleveland had raided, say, a Westlake or a Valley View or a Strongsville or Medina, I'd be licking my chops.

^While I'm glad downtown is going to get these 350 NY Life employees, esp at Public Square, it sucks for Lakewood.  Lakewood is one of the good suburbs imho; a historical, urban, not-so-suburb suburb that has a great downtown walking district where these NY Life-ers were working.  It's kinda like robbing Peter to pay Paul. 

 

Now if downtown Cleveland had raided, say, a Westlake or a Valley View or a Strongsville or Medina, I'd be licking my chops.

 

As a Lakewoodite, I'm actually pleased the way things are turning out. The future for this building as a residential structure is actually better. It was only 50 percent occupied with offices and it's a hard building to market since it's not near a highway or a rapid transit line. But it's a great little walking district with lots of shopping and restaurants. Give how tight the residential real estate market has become in Lakewood, I have no doubts this building will quickly fill with residents.

^True dat!

^While I'm glad downtown is going to get these 350 NY Life employees, esp at Public Square, it sucks for Lakewood.  Lakewood is one of the good suburbs imho; a historical, urban, not-so-suburb suburb that has a great downtown walking district where these NY Life-ers were working.  It's kinda like robbing Peter to pay Paul. 

 

Now if downtown Cleveland had raided, say, a Westlake or a Valley View or a Strongsville or Medina, I'd be licking my chops.

 

It's a better location for NY Life which it will, hopefully, use as a springboard for creating new jobs downtown.  Expansion of employment is what Cleveland needs both in the city and the region. 

 

Instead of licking your chops for a Cleveland job raid from another local community, you should concentrate on job expansion whether it's downtown, Valley View, Westlake, Strongsville or Medina and lick your chops if Cleveland poach jobs from, for example, North Carolina ie. PayPal.

 

This building in Lakewood needs an overhaul anyway and residential is a perfect complement for it and downtown Lakewood.  Hope the developer updates the exterior as well.

BrightEdge opening Cleveland sales office; 3D Printing conference scheduled: Tech Czar Talk

By Michael C. DeAloia, special to The Plain Dealer

on April 10, 2016 at 7:00 AM, updated April 10, 2016 at 7:07 AM

 

CLEVELAND, Ohio – Good news is happening for Cleveland's tech startup industry.

 

After several area tech companies have packed their bags the past year and left Cleveland for greener pastures, a Silicon Valley based tech company is looking to build a large part of its operations in the Sixth City, which means huge potential for job seekers. This excitement takes place all the while the city is quickly becoming a 3D printing hub, which makes so much sense given the area's industrial roots.

 

MORE:

http://www.cleveland.com/business/index.ssf/2016/04/brightedge_opening_cleveland_s.html

DHG Healthcare of Atlanta to open second Cleveland office

 

DHG Healthcare, the national health care consulting practice of the Dixon Hughes Goodman LLP accounting firm of Atlanta, said in a news release that it’s opening an office to support existing business in Cleveland and, more broadly, the upper Midwest.

 

The new office builds on the practice’s Center for Industry Transformation (CIT) at the Global Center. The CIT provides education to health care professionals on issues of strategy, financing, marketing and technology that advance the delivery of health care.

 

The Key Tower office will start with 10 consultants with an opportunity to expand to 25. The CIT at the Global Center has three employees.

 

http://www.crainscleveland.com/article/20160420/NEWS/160429986/dhg-healthcare-of-atlanta-to-open-second-cleveland-office

Alright! May just be a small step right now, but looks like the Global Center is starting to bring business into the city. Apart from the jobs they already have here in the Center, that's 10 more jobs that our city wouldn't have had otherwise. Now lets just turn on the spigot and bring in some more! I'm still pretty optimistic that the Global Center will succeed in bringing more business here :)

Per Crains, Quicken Loans will move 400 employees from the old post office building a property it doesn't own to the Higbees complex a property it does own. This leaves Forest City either scrambling for tenants or looking for a buyer. But I am sure they knew this was coming.

 

http://www.crainscleveland.com/article/20160424/NEWS/160429901/quicken-loans-is-headed-to-higbee-building?X-IgnoreUserAgent=1

Per Crains, Quicken Loans will move 400 employees from the old post office building a property it doesn't own to the Higbees complex a property it does own. This leaves Forest City either scrambling for tenants or looking for a buyer. But I am sure they knew this was coming.

 

http://www.crainscleveland.com/article/20160424/NEWS/160429901/quicken-loans-is-headed-to-higbee-building?X-IgnoreUserAgent=1

 

The article also notes that Key Corp has three floors of back-office operations in the Post Office Plaza. Despite that, Quicken Loans' departure will open a sizeable hole:

 

The exit stands to compound Forest City’s growing vacancy problem at Post Office Plaza. CBRE Group is marketing almost 270,000 square feet at the 434,491-square-foot building for Forest City, including 55,000 square feet on the fifth floor of the structure. Quicken occupies almost 45,000 square feet on that floor of the one-time main post office of Cleveland, according to CoStar.

^Isn't the Key back office in the Higbee Building (not the Post Office)?

The wording in the article is pretty vague, but yes, the Key offices are in the Higbee building. Although it was my understanding from the articles at the time Gilbert bought Higbee, that Key would be moving those operations to Tiedeman when their lease was up.

The wording in the article is pretty vague, but yes, the Key offices are in the Higbee building. Although it was my understanding from the articles at the time Gilbert bought Higbee, that Key would be moving those operations to Tiedeman when their lease was up.

 

Thanks. The way the article was written, I thought Key was in the old post office.