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| The Cleveland Clinic Foundation is laying off employees throughout the global health care system during rising costs in the healthcare industry (CCF). CLICK IMAGES TO ENLARGE THEM. |
For the first time in years, the Cleveland Clinic Foundation is laying off 114 employees throughout the global health care system. But the number of pending layoffs in the context of the scale of the system is comparatively small and hiring in other departments continues, Clinic officials said today.
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| For 92 years, a seafood business has operated out of this riverfront location at Merwin Avenue and Center Street in Cleveland’s Flats. That will come to an end when Catanese Classic Seafood relocates to Collinwood in the coming months. Cleveland Metroparks bought this building as well as the Grain Craft flour mill, visible in the background at left in this wide-angle view. Soaring overhead is the Detroit-Superior Bridge (Google). CLICK IMAGES TO ENLARGE THEM. |
A familiar face in Cleveland’s Flats district is packing up and heading to the city’s east side to make way for the Cleveland Metroparks’ expanding makeover of the Cuyahoga River waterfront. Catanese Classic Seafood, 1600 Merwin Ave., is making a move in the coming year to the Greater Cleveland Food Bank’s facility at 15500 S. Waterloo Rd.
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| Commercial space training company Blue Abyss has signed an agreement with NASA Glenn Research Center to provide astronaut training to the space agency (NASA). CLICK IMAGES TO ENLARGE THEM. |
In a groundbreaking move for the commercial space sector, Blue Abyss has signed a Space Act Agreement with NASA’s Glenn Research Center. This collaboration aims to accelerate advancements in commercial space training, research, and infrastructure development, further positioning Blue Abyss as a key player in the global space industry.
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| While there is hope in new office market data that the worst of the office glut is over, real estate investors and lenders are cautious when considering support- ing expansions, acquisitions or refinancings of office assets (Cresco). CLICK IMAGES TO ENLARGE THEM. |
Although a variety of four-letter words have frequently been used to describe the office market since the pandemic, there’s a new one being uttered lately — “hope.” That word made its appearance in the latest Cleveland office market report by Newmark, one of the industry’s most respected collectors and analysts of real estate inventory market data.
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| Bedford Hospital, now University Hospitals Bedford Outpatient Campus on Columbus Road. As a city-owned property, it will become the subject of a request for proposals for healthcare providers and other investors to redevelop (Google). CLICK IMAGES TO ENLARGE THEM. |
The City of Bedford has reached a settlement agreement with University Hospitals (UH) that includes the transfer of the former Bedford Hospital site and surrounding properties to the city and a $2.1 million payment. This settlement ends a two-and-a-half year legal dispute stemming from UH’s controversial August 2022 hospital closure.
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| The headquarters for Moen Inc. appears to be getting ready to hop on the highway out of town. A press release and local sources say the longtime Cleveland-area company will be relocating its HQ from North Olmsted to the Chicago suburb of Deerfield, IL (Google). CLICK IMAGES TO ENLARGE THEM. |
Faucet and fixture maker Moen Inc. is relocating is corporate headquarters from the western Cleveland suburb of North Olmsted to the northern Chicago suburb of Deerfield, IL by the summer of 2026, according to a press release and affected employees. It is not known how many of Moen’s 600-plus HQ employees are making the move but it appears that a significant number of them will.
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| It’s a rendering that’s been kicking around as long as the Warner & Swasey redevelop- ment project has, through at least two developers and 15 years. But that project is still alive, as is another nearby that’s been kicking around for a few years too (Geis). CLICK IMAGES TO ENLARGE THEM. |
Projects that have languished for half as long as the redevelopment of the Warner & Swasey factory, 5701 Carnegie Ave., were ultimately abandoned. But not this one and the reason is because just about anyone who follows redevelopment locally wants its catalytic reactivation for the benefit of Cleveland’s Midtown neighborhood.
