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Residential Development Leading Downtown Cleveland's Rebirth

Wednesday, November 21, 2018

It's a chicken or egg question. Is Cleveland's commercial renaissance responsible for the city's residential revival or are downtown's office-to-residential conversions spurring economic growth?

Tags: residential  downtown Cleveland  conversions 

AECOM Centre in downtown Cleveland sells to New Jersey buyer

Monday, July 09, 2018

"It's a great time to have empty office space in Northeast Ohio, because there's so much demand," said Terry Coyne, who is marketing space at AECOM Centre with colleague Kristy Hull of the Newmark Knight Frank real estate brokerage. "This building will be well positioned to take advantage of all that, and Rugby is a proven developer." Newmark Knight Frank plans to move its offices late this year to AECOM Centre from the U.S. Bank Centre building at Playhouse Square. If the 575,000-square-foot AECOM Centre fills up and Rugby's turnaround strategy bears out, "my hope is to buy more buildings in Cleveland," Ades said.

Tags: Downtown Cleveland 

Land in #TheLand is Hot Again

Tuesday, November 28, 2017

Land Sales Slow: Large Northeast Ohio land sales have been fairly slow over the last few years, until recently. In fact, according to the commercial real estate database CoStar there were just 36 commercial or industrial land sale transactions of 50 or more acres in the Cleveland-Akron-Canton market from 2013 to 2016. That is 9 sales per year in that four-year span.

Tags: Land  Amazon 

Terry Coyne's Remarks on Opportunity Zones

Tuesday, December 11, 2018

On the morning of December 11, 2018, Newmark Knight Frank's Terry Coyne joined an esteemed panel at the Greater Cleveland Partnership's 4th Quarter Middle Market Forum to discuss the topic of Opportunity Zones. The name of the event was entitled, "Opportunity Zones-Redefining Cleveland."

Tags: opportunity zone  cleveland  real estate  downtown cleveland  development  gcp