Dan Shingler

1 week ago | crainscleveland.com | Dan Shingler

Mentor's Great Lakes Mall will apparently be up for sale soon and observers predict it will rise again as something other than a retail center. The mall’s owner, Washington Prime Group of Columbus and Indianapolis, has been facing financial troubles and job reductions. The real estate data and analysis firm CoStar reported April 17 that the big retail property owner is selling all of its remaining properties, which, according to WPG’s website, still includes Great Lakes Mall.

1 week ago | crainscleveland.com | Dan Shingler

The site will join four industrial parks that Strongsville already has operating along Foltz Parkway. Four real estate firms — CBRE, CRESCO, JLL and Colliers — responded to the city's RFP, said Strongsville Director of Economic Development Brent Painter. “We were thrilled. All the responses were industrial real estate companies that have strong national and global reach,” Painter said. He added that, once interviews are finished, a winning bidder will be announced in the next two to three weeks.

1 week ago | crainscleveland.com | Dan Shingler

The real estate firm JLL, which issues quarterly reports on office sectors, found that vacancy rates declined slightly for both Class A and Class B properties during the first three months of 2025 with overall vacancy rates down 30 basis points, finishing at 18.6%. “Consistent leasing volume and strategic redevelopment of obsolete office product, specifically in the downtown area, have been key factors in the market's recovery,” JLL reported.

1 week ago | crainscleveland.com | Dan Shingler

The buildings have more than 27,000 square feet of space, including less than 4,000 square feet of finished space at street level, according to documents from CoStar, a real estate analysis and information firm. They sit on about a half-acre of land that is included in the sale. Joseph Khouri, a senior vice president with CBRE in Cleveland who is handling the sale, said the change in dates was just a scheduling matter and did not reflect any change in the buildings’ status.

2 weeks ago | crainscleveland.com | Dan Shingler

The company paid $8 million for 40,000 square-foot building in a transaction that closed in January, reported Signature Senior Marketing Manager Allie Morana. The building, which Lakeland built in 2011 and used for bachelor-degree programs, including in partnership with Ursuline College, was put up for sale last year as the school reckoned with steep financial challenges.