As we celebrate Women's History Month, we at NAI Pleasant Valley want to recognize the contributions of the women within our company. In Northeast Ohio, Barbara Faciana is a beacon of empowerment and achievement. As the co-CEO of Pleasant Valley Corporation (PVC) and NAI Pleasant Valley, Barbara's journey embodies resilience, entrepreneurship, and a commitment to excellence.

Lease Vs. Own – What is Right for You? In my last post, we discussed the most important factors to consider when leasing space in an office building, specifically a downtown office building.  This week, we will take a step backward to review what leads a business owner to the decision to lease or purchase.  When considering a change, many owners will need to contemplate the following – does it make more sense to purchase or to lease my business’…

Alex J. Pacella, CCIM I’ve always been a fan of watching the weather forecast. I love seeing maps that show weather fronts, high- and low-pressure areas, storm systems and don’t even get me started on long-term forecasts. But one thing that I always felt is a “free pass” is the famous “partly cloudy / partly sunny” forecast. This seems to be a catch-all, as the optimistic interpretation is just a few wispy clouds, the pessimistic interpretation is an intermittent drizzle,…

One of the most popular things in our office is a large white board.

In 1984, a little-known actor smashed on the scene, literally and figuratively, as the villain cyborg known as the Terminator in a movie of the same title.

With all of these changes incoming, the question that’s top of mind is: How will this affect the labor shortage we’ve seen since 2021?

STILL HOT Investment sales, particularly industrial warehouse product, continues to achieve record pricing. Last month, a 125,000-square foot facility in Middleburg Heights sold for $13.7 million or $109 per square foot. This is the 12th industrial investment sale to break the $100 per square foot mark this year. –AP

The cost of specific materials like steel and plastic sky-rocketed, leaving construction firms caught between shrinking profit margins and a sharp decrease in available labor.

Though the construction industry was a strong performer, with an additional 32,000 employees hired, it’s worth noting that this figure would likely have been much higher if there were more workers available.

The good news in 2022 is that, as business travel and tourism resume, the hospitality sector seems set to hit highs we haven’t seen since before the pandemic.