Northeast Ohio Real Estate News - Terry Coyne


Terry Coyne in the News

Re-emergence: nostalgic Higbee's space from days gone by is set to let
Now, Terry Coyne, vice chairman for commercial real estate for Newmark Grubb Knight Frank, is hoping the right tenant will follow suit with the 10th floor of the Higbee Building..."The perfect tenant is one who can utilize the high ceilings in the interesting potential layout for the space," says Coyne.

Conversion of Lakewood Center North to apartments is underway
More apartments are bound for rental-rich Lakewood in a move that will reshape the west suburban office market, at least statistically..."It's amazing to me how the market is right-sizing itself through residential conversions," Coyne said.

NGKF Represents Seller of 173,052 SF Warehouse Facility in Bedford Heights, Ohio
Newmark Grubb Knight Frank (NGKF) is pleased to announce the sale of 26801 Fargo Road in Bedford Heights, Ohio, a fully-leased, 173,052-square-foot warehouse and office building.

Boston REIT pays $7.6 million for industrial building
STAG Industrial Holdings LLC, an affiliate of STAG Industrial Inc. (NYSE: STAG), has acquired a 173,052-square-foot warehouse and office building in Bedford Heights for $7.6 million, Newmark Grubb Knight Frank's Cleveland office announced on Wednesday, March 22.

Terry Coyne Earns NGKF National Broker of the Year Distinction (Video)

Downtown Cleveland high rise redevelopment clears hurdle
Developers of the 925 Building, formerly the Huntington Bank building at East 9th and Euclid Avenue in Cleveland, have cleared a hurdle on their way to redeveloping the massive property.

Northeast Ohio Seeing a Warehouse 'Boom'
Northeast Ohio is experiencing a big jump in demand for industrial warehouse and distribution space. And the election of President Donald Trump could have something to do with that. From Ohio Public Radio Station WKSU, Kevin Niedermier has more.

Region's industrial market is 'remarkably strong'
Northeast Ohio's industrial real estate market executed a rare juggling act last year that puts it on good footing for 2017. Massive industrial buildings were built and opened last year, yet they quickly gained tenants and added little vacancy regionally.

Trending Downtown: loft office space
Residential development in downtown Cleveland is going gangbusters, attracting the working millennial crowd and empty nesters alike. And much of the action is playing out in the city's historic buildings.

New owner of Huntington Building plans to convert it to apartments, restaurants, clubs
The renovation will be "big and risky" with a "South Beach flair," said Terry Coyne, vice chairman of Newmark Grubb Knight Frank, who sold the property and will lease and manage it as well.

United Church of Christ office building, adjoining Radisson Hotel up for sale
The nine-floor United Church of Christ office building at 700 Prospect Ave. and the adjoining 142-room Radisson Hotel, 651 Huron Road, both owned by affiliates of the Cleveland-based United Church of Christ, are up for sale....

Student-housing developer pays $4.5 million for Heritage Hall, downtown YMCA complex
CLEVELAND, Ohio - The nation's largest privately-owned student-housing developer paid $4.5 million this week - slightly more than asking price - for the Heritage Hall building at the eastern edge of downtown Cleveland.

Jacobs Investments Inc. affiliates list two Warehouse District properties for sale
Jeffrey Jacobs, developer of the Nautica entertainment complex in the Flats, is taking steps to consolidate his Cleveland holdings in the riverfront district by offering to sell two mixed-use office and apartment properties in the Warehouse District.

Twinsburg building set to be sold for $15 million
In a sign of continued recovery in Northeast Ohio's industrial real estate market, a multitenant Twinsburg building is poised to sell for $15 million, about $2.7 million more than it sold for in 2006.

Bulk warehouse to emerge in 2015 in Twinsburg
Another step is about to be taken in the redevelopment of the former Twinsburg Chrysler Stamping plant site for the next generation of industrial users - and one with a big footprint for the region's industrial market as well.

Optima Ventures hires Newmark Grubb Knight Frank to lease downtown Cleveland office portfolio
CLEVELAND, Ohio -- One of downtown Cleveland's largest landlords has hired the Newmark Grubb Knight Frank brokerage to market and lease four buildings, comprising nearly 3 mil
lion square feet.

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