State: Ohio - OH

America's Realty LLC has partnered with Borough Equities and Dragonfly Investments to purchase the 458,935-square-foot Plaza at Chapel Hill shopping center in Cuyahoga Falls, Ohio, for $46 million, or $100.23/sf. The venture bought the retail property, at 230-564 Howe Ave., ...

Crain's Cleveland Business Beaty Capital Group has been tapped to develop a 19-story hotel that's been proposed for Cleveland's Midtown neighborhood. Dream Hotel Group, a New York hospitality company, will manage the 207-room property. If approved, work could start as ...

Crain's Cleveland Business The Solomon Organization has acquired a portfolio of five apartment properties with a total of 1,203 units in Northeast Ohio. The Fairfield Residential unit of Brookfield Asset Management sold the portfolio. The purchase price was not disclosed, ...

Monmouth Real Estate Investment Corp. has paid $17.87 million, or about $116.80/sf, for a recently-constructed industrial building with 153,000 square feet in Lancaster, Ohio. The Holmdel, N.J., REIT, which specializes in net-leased industrial properties, bought the building from its developer, ...

Berkadia has provided $57 million of Freddie Mac financing for the 247-unit Innova Living apartment property in Cleveland. The loan has a 12-year term and represents 80 percent of the collateral property's value. It was written before the coronavirus pandemic. ...

Commercial Real Estate Direct Staff Report Liberty Center, a suburban Cincinnati lifestyle retail center whose construction Apollo Commercial Real Estate Inc. had funded, continues to underperform. That's prompted the lender to take an additional $32 million loan-loss reserve against the ...

Founders Properties has paid $41.4 million, or $164/sf, for One and Two Easton Oval, a two-building office property in the Columbus, Ohio, suburb of Easton, Ohio. The Minneapolis investment manager, formed in 2010 by former executives of Opus Corp., including ...

Crain's Cleveland Business Affiliates of Brennan Investment Group has paid $32 million for a portfolio of industrial properties in the Cleveland area. AIC Ventures of Austin, Texas, sold the portfolio, which consists of a warehouse complex at 5801 South Lee ...

Lexington Realty Trust has paid $180 million, or $75/sf, for three industrial buildings with 2.4 million square feet in the Cincinnati suburb of Monroe, Ohio. The New York REIT bought the buildings from IDI Logistics of Atlanta, which had developed ...

Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has written down the carrying value of its Eastgate Mall in suburban Cincinnati by $33.3 million to $58.5 million. A total of 211,959 square feet at the 837,550-sf property ...

Star Real Estate Ventures, a New York investment firm, has purchase a portfolio of five apartment properties with 2,566 units in the Baltimore suburbs. Lone Star Funds of Dallas was the seller. Securitized debt against the portfolio was defeased, or ...

Crain's Cleveland Business A venture that includes The Sommers Real Estate Group is developing an 87-acre industrial property in Mentor, Ohio, about 25 miles northeast of Cleveland. The project could have up to 1 million square feet.

Commercial Property Executive McWhinney, a Denver real estate investor and developer, has purchased a 179,688-square-foot office property at 3420 East Harmony Road in Fort Collins, Colo., for $21 million, or $116.87/sf. CBRE brokered the deal for the buyer and seller, ...

Hunt Real Estate Capital has provided $33.2 million of Freddie Mac financing against the Water Street Flats, a 269-unit apartment complex in the Water Street District of Dayton, Ohio. The 15-year loan was arranged by MSF Real Estate Capital Inc. ...

Columbus Business First Homebuilder M/I Homes is offering for sale its 85,000-square-foot headquarters building in Easton, Ohio. JLL has the listing for the five-story property, at 3 Easton Oval, which was built in 1957. The property has an asking price ...

Cincinnati Business Courier Kroger Co. recently paid $3.1 million for a nearly 63-acre development site in Monroe, Ohio, for a planned warehouse and distribution property. The Cincinnati grocery store chain is building the 335,000-square-foot industrial property, at 6266 Hamilton-Lebanon Road, ...

Crain's Chicago Business Code Real Estate Partners has proposed redeveloping a pair of warehouse properties in Chicago into a residential property. The $64 million effort would involve remaking the 180,000-square-foot building at 2159 West Pershing into 125 apartment units, and ...

Cincinnati Business Journal RealtyLink has lined up construction financing for a 177-unit apartment complex in the Cincinnati suburb of Covington, Ky. The Birmingham, Ala., developer said work on the apartments will start in June. The project also will have 7,500 ...

Commercial Real Estate Direct Staff Report A venture of Acabay Inc. and IMC Management has paid $75.5 million, or $115.12/sf, for Atrium Two, a 655,863-square-foot office building at 221 East 4th St. in downtown Cincinnati. It financed its purchase with ...

Kansas City Business Journal VanTrust Real Estate is building a distribution center with about 300,000 square feet in Daytona Beach, Fla., on behalf of Amazon.com. Construction on the industrial project is expected to begin later in the first half. It ...

Somera Road Inc. has lined up $19 million of financing from CIBC Bank to fund the redevelopment of the former office building at 17800 Royalton Road in the Cleveland suburb of Strongsville, Ohio, into retail space. The loan, with a ...