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| The Urban Community School, at left across West 50th Street, acquired 10 parcels of land at right including several structures along Lorain Avenue (Google). CLICK IMAGES TO ENLARGE THEM. |
At first glance, the property transaction doesn’t stand out. At less than 1 acre of land, it’s not a big piece of land. And the holding company that purchased the land was created with a unremarkable name the day before the deed transfer was signed.
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| Interest in the 1.45-million-square-foot 925 Euclid Ave. is high among potential buyers of the property as it is at Millennia Companies which owns the building now and has sought to rede- velop it as The Centennial (Sandvick). CLICK IMAGES TO ENLARGE THEM. |
For a large, vacant, old building needing significant repairs before it can even host new occupants in a soft market, there is a healthy amount of interest in buying The Centennial, 925 Euclid Ave. in Downtown Cleveland. The difficulty in redeveloping the building resulted in a lender foreclosing on the property.
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| A new, replacement Clark PreK-8 School opened last fall on the north side of Clark Avenue, welcoming students from the now-closed Walton Elementary School (Harrison Whittaker). CLICK IMAGES TO ENLARGE THEM. |
As Ohio City continues to see new construction activity, momentum is edging south into the adjacent Clark-Fulton and Stockyards neighborhoods, where vacant lots are giving way to the types of dense developments that support walkability and transit ridership.
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| PNC Center, a 35-story, 46-year-old office tower in Downtown Cleveland is undergoing major renovations and is activating its four-story annex at left, including adding several ground-floor retail spaces along Euclid Avenue (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
It’s perhaps the best news for Downtown Cleveland’s troubled office market since 2020 when Sherwin-Williams announced it would build a new headquarters here. PNC Bank today confirmed to NEOtrans it will spend big on improving its own skyscraper — including adding new storefronts along Euclid Avenue.
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| A good story is happening at the Fifth Third Bank tower in Downtown Cleveland after the property fell into foreclosure under the prior owner. Building improvements and new tenants are offering a new outlook for the 35-year-old building (LoopNet). CLICK IMAGES TO ENLARGE THEM. |
Fifth Third Bank tower shows there is life after foreclosure. Ownership of the 28-story tower, built in 1991 at 600 Superior Ave. in Downtown Cleveland, transferred in 2024 from Hertz Investment Group to its lender, an affiliate of Prime Group Finance of San Francisco.
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| The corner of Euclid Avenue and East 9th Street was the heart of Cleveland’s office market. In the 1980s, nearly 60,000 office jobs were located within two blocks. Today, of the 10 built-as- office-buildings of eight stories or taller seen here, three are vacant, three others were conver- ted to residential/hotel uses, and four remain as occupied office buildings. The PNC Bank Plaza at center is a healthy outlier (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
Newmark’s market reports are well-regarded in the real estate industry. Their data is typically dry, yet spot-on. And they almost always avoid drama in their analyses. But their second-quarter 2026 office market report for Greater Cleveland added some unusually colorful adjectives to their data.
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| The proposed Cleveland soccer stadium in the Gateway South District offers branding, sponsor- ship and marketing opportunities that Rock Entertainment Group will help realize (CSG). CLICK IMAGES TO ENLARGE THEM. |
Cleveland Soccer Group (CSG) today announced that Rock Entertainment Group (REG) – the organization behind the Cleveland Cavaliers, Rocket Arena and Cleveland’s incoming WNBA franchise – will lead the naming rights and entitlement sales process for South Gateway Stadium, CSG’s planned 10,000-seat venue on the south side of downtown Cleveland.
