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.

Alec J. Pacella, CCIM If you’ve spent any time around the legal world, you know that the outcome of many cases revolves around a concept known as “legal precedent.” Cases are made, argued, won and lost based on the results of decisions that had been made on similar cases in the past. Oftentimes, these precedents go unnoticed, as they usually have a narrow potential impact. But every so often, there will be a case that gains widespread attention because of…

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,…

By: Joe Hauman This blog will cover the basics of building on spec and the current spec market forecast in my home market of Cleveland, Ohio.  What is the Definition of Building on Spec? Spec means speculative; in its most basic form, spec is when a developer constructs a structure without a tenant in mind to use the space. When a developer builds on spec, they have no specific tenant in mind and rely on their broker to find one…

Alec J. Pacella, CCIM I’ve always been a fan of listening to music and some of this is the result of a famous promotion in the 1970s through 1990s by a mail-order music distribution powerhouse known as the Columbia House Record Club. And who could forget their offer – becoming a new member would allow you to order 12 cassettes (or, depending on your vintage, albums, 8-tracks or CDs) of your choice for a mere penny. That’s right, just one…

Alec J. Pacella, CCIM Many years ago, I was meeting with a person that made an off-the-cuff remark of an ownership position in several high-profile properties and made several references to “he and his partners.” This caught me off guard a bit, as this person was relatively young and the portfolio of properties was substantial in value. As the years have passed, I have a better understanding of the many different ways to actually have an ownership position. This month,…

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.

Alec J. Pacella, CCIM As hard as it may be to believe, half of 2023 is in the review mirror. And what a first half it’s been! It seems as if everyone in the real estate biz has had eyes on the Fed, the banking system, the stock market, and inflation. Throw in that pesky debt ceiling and it’s been enough to make a person crazy. A common question on everyone’s mind is “where are things heading” and while there…